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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
The crypto market has been experiencing some positive trends, with multiple cryptocurrencies showing promising bounce-back figures over the last couple of weeks. Optimism first swept through the crypto community when Bitcoin (BTC) broke the $20,000 barrier after staying at the lows for a lengthy period of time.
With top crypto analysts identifying a bullish pattern for the top crypto coins and an unprecedented rally for Bitcoin (Bitcoin) and Ethereum (ETH), many crypto enthusiasts are focusing their efforts on these cryptocurrencies. However, it does not mean that the market has already forgotten how beneficial presale tokens can be. Mehracki (MKI) is a new crypto project currently in presale that has gained traction in the crypto community.
Bitcoin (BTC) begins the new week and month on a reasonably bullish note after defending critical levels. After a volatile July, the BTC price movement managed to create both a weekly and monthly candle supporting the bulls.
Despite the bear market not being at the end of the tunnel as yet, the journey toward some type of recovery continues, bringing a great sense of optimism to the crypto community.
The continuous fears of a looming recession make investors turn to Bitcoin as a safe-haven crypto investment.
During times of uncertainty, a lot of people choose to abandon risky, volatile cryptocurrencies in favour of the crypto names they recognise. And for now, Bitcoin is the most well-known crypto asset in the world. Even if people sell a large portion of their cryptocurrencies in order to make income, they are most likely to HODL their Bitcoin.
Similar to Bitcoin, Ethereum (ETH) has been among the top cryptocurrencies experiencing a reasonable trend towards recovery. At some points during the last couple of weeks, Ethereum took the lead over Bitcoin into the bullish breakout.
Ethereum, the second-largest cryptocurrency by market capitalization, has an upcoming Merge to a proof-of-stake (PoS) consensus protocol. This has likely been an important factor to influence the optimistic sentiment surrounding Ethereum's revival prospects.
The provisional launch date for the Merge has been reported as mid-September 2022. Despite the delays, it is still a highly anticipated event in the crypto industry. The current proof-of-work (PoW) model, which has been one of Ethereum's most troublesome elements, will be replaced. The move to a proof-of-stake (PoS) confirmation system for transaction verification via staking is expected to lower the blockchain's carbon emissions by 99.95%.
Unlike Bitcoin, Ethereum is utilised as an architecture that allows for the creation of decentralised applications (dApps). The Ethereum network is critical to the crypto industry's decentralisation and expansion.
If you are a newcomer to the crypto space, purchasing presale tokens might be a great opportunity for you for several reasons. Firstly, presale tokens are sold only for a fraction of the price, which means that it requires much less money to start with. Additionally, previously successful presales have proven that becoming an early adopter of a promising token may bring great benefits and returns.
One of such new projects with promising potential is Mehracki (MKI). According to the news reports, the upcoming community-meme token aims to transform the meme token space and bring some real-life applications that would attract more token holders.
Mehracki will validate and validate transactions on its platform using its native MKI token. The Mehracki network will enable decentralised finance (DeFi), NFTs (non-fungible tokens), and other decentralised applications (dApps). MKI tokens may be traded and swapped across several networks, removing the need for multiple swap fees.
To learn more about the new crypto project, check out this article.
Presale: https://buy.mehracki.io/register
Website: http://mehracki.io
Telegram: https://t.me/Mehracki_Official
