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True, every cryptocurrency project aspires to make a profit and offer profits to its buyers. However, experience has shown that aspiration alone is hardly enough to achieve even the most basic things. Aspiration and a measurable commitment to planning must come together, and this is what we see in Dogecoin (DOGE), Polygon (MATIC), and Moshnake (MSH). For all their use cases, utilities, and promises listed by their whitepapers, there's remarkable progress, huge profits, and the willingness to offer more to the cryptocurrency market.
Let's take a walk.
Dogecoin was released in 2013 to add a satirical twist to the growing cryptocurrency market, which was mostly tense due to the usual uncertainties. Though the developers, Billy Markus and Jackson Palmer, claimed the coin was designed to be a joke, it has since gone on to speak its spot as a top 10 cryptocurrency and king of meme coins.
Unlike most meme coins, Dogecoin exists on its own blockchain protocol, which has helped to sustain it since it began operations to date. Dogecoin users can perform basic smart contract transactions on the network, and the network enables third-party mining as well, even though it is regarded as unprofitable. The coin thrives on a large and energetic community following and, most importantly, support from Elon Musk, whose tweets helped it drive massive profits, especially in 2020 and 2021, when it recorded an all-time high and market cap of about $80 billion.
According to CoinGecko, at the time of writing, Dogecoin is currently selling at 0.058, hoping to break through the bearish trend occasioned by the crypto collapse.
Several tokens have been launched to reduce the workload on Ethereum and skim off its market share. A prominent example of such tokens is Polygon (MATIC), which exists as a side chain to the Ethereum (ETH) blockchain protocol, and is designed to scale the Ethereum to accommodate more users while still retaining its functionality and dominance of the cryptocurrency market.
In the main, Polygon (MATIC) helps bridge ETH assets to other blockchain networks. This way, users wouldn't have to deal with the high gas fees that characterize the Ethereum network. Users can also send their Ethereum tokens to the Polygon network for transactions without having to dislodge them from the host DApp available on the Ethereum blockchain. The Polygon (MATIC) bridge can similarly transfer assets to the Ethereum wallet.
Many exchange platforms such as SushiSwap, Curve Finance, and Aave (AAVE) readily support Polygon (MATIC), and you can access these platforms on several multi-coin wallets. The network is also super fast and scalable as it runs on a proof-of-stake consensus model. You can also stake Polygon on several exchanges and earn yields. According to CoinMarketCap, MATIC is currently listed at $0.747 across various markets.
Moshnake (MSH) is the latest gaming coin on the cryptocurrency market today, and though it is yet to launch, there are several reasons why you should jump on the project.
First, Moshnake (MSH) was modeled on the all-time classic Snake game that came with early mobile phones. This game is super easy and involves acquiring the snake characters and avatar NFT and growing the snake to compete with other users on the platform.
Secondly, the platform has a play-to-earn gaming feature that helps users make money for the time and resources spent on the game. As a user, you can get upgrades for your snake avatars to help them compete favorably in the game's player-versus-player.
Third, there are two different cryptocurrencies on the platform; there's first the Venom (VEN) token and secondly, the native token, MSH. VEN serves as an in-game token that users get during the game for completing a task and making in-game purchases. VEN is also useful for players seeking to enter into the regular game modes or resurrect the snake avatar as it moves on to another arena.
On the other hand, MSH, being the native coin, will serve governance and administrative purposes, such as voting on protocol changes or taking decisions affecting the future of the network. MSH will also be used on exchange platforms as a trading coin and for buying NFTs from Moshnake's marketplace. MSH will also act as a payment for entering special season tournaments and quests.
Lastly, Moshnake (MSH) is also super versatile, being a BSC-based platform and compatible with Ethereum protocols and DApps. This makes Moshnake a good fit for MetaMask, an Ethereum (ETH) decentralized wallet for keeping in-game assets and tokens. This offers a number of advantages, such as seamless transfer of funds and assets between both networks, as BSC will offer lower network charges and quicker transactions while the user still gets to enjoy Ethereum-based DApps through their MetaMask wallets.
Website: https://moshnake.io
Telegram: https://t.me/MoshnakeOfficial
Twitter: https://twitter.com/moshnakeToken
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
