With the dramatic increase in the number of cryptocurrencies released each day, it can become overwhelmingly complex to distinguish promising projects from the crowd.
In this article we will cover three interesting ones cryptocurrencies – two of which are being formed, but with a remarkable catalyst on the horizon – there is an upcoming project currently going through a promising pre-sale!
Ethereum (ETH)
ether (ETH) needs no more introduction. After a meteoric rise in 2020 and 2021, Ethereum established itself as the world’s leading smart contract platform and the second largest cryptocurrency with a 20% dominance of the entire crypto market.
There is no debate about how much Ethereum has revolutionized the crypto space and contributed to the increasing acceptance of blockchain technology in society.
Now there is room for improvement as the Ethereum network grows. It has experienced this influx of users as a double-edged sword. It increased the price but slowed down the system.
And since 2021 and with cryptocurrencies increasing popularity, ether increasingly suffers from rising latency, slower transaction speeds and rising gas fees. This peaked in May 2021, when gas fees could cost as much as $70 for a single transaction.
These emerging challenges have caused more and more investors to turn away from Ethereum and instead look to other Layer 1 or Layer 2 alternatives such as Binance Smart Chain (BSC), Solana (SOL), Avalanche (AVAX) or Polygon (MATIC) prefer.
However, ether has announced in its 2022 roadmap the release of a version 2.0 of Ethereum, the main benefit of which is that Ethereum will move from its traditional Proof-of-Work (PoW) consensus mechanism to the faster, cheaper and less energy-intensive Proof-of-Stake ( PoS) one.
This long-awaited upgrade will dramatically increase Ethereum’s transaction speeds and give a new boost to the whole project. Still, no schedule or exact dates for the release of Ethereum 2.0 have been announced yet, leaving the crypto community wondering when it will actually go live.
Although no one can say for sure, it remains certain that the release of Ethereum 2.0 will cause Ethereum price to surge ETH. For those willing to expose themselves to this important catalyst, the best way to do so remains by having some ETH in your wallet!
Aave (AAVE)
Spirit (GHOST) is one of the leading decentralized finance (DeFi) lending protocols with a native utility SignAAVE.
Lending protocols have seen a surge in popularity in recent years as they make lending and lending services easier to access and allow users to easily generate passive income with relatively little risk.
Typically loan logs such as Spirit Enable populations with less access to basic financial services – due to things like political instability or High inflation for example – to access highly liquid crypto-backed loans in minutes.
As a result, Aave and other similar protocols have seen tremendous success since their inception.
Users interested in lending their crypto assets can head to Aave’s platform where they can quickly deposit desired assets into specific liquidity pools. These assets are then made available for borrowing by other users, and once they are used, the lenders earn interest on them, just like a traditional financial institution.
Conversely, users who want to borrow cryptocurrencies can do this on Aave’s platform and only need to post collateral to be eligible for a loan – the amount of collateral required depends on the cryptocurrency being collateralised. No credit check and lengthy identity checks as with the conventional system!
Spirit was able to streamline the lending process through an extremely easy to use and accessible platform – the success of this project comes as no surprise.
Aave is now a blue chip in the DeFi space and has high expectations for its future given the space’s exponential growth and leadership position.
Mush (XMU)
The last project on this list, Mush (XMU), is a promising initiative in the midst of pre-sales. Mushe’s native utility SignXMU, can currently be purchased for around $0.022, a notable increase from its original price of $0.005.
That XMU The pre-sale is currently in the first phase with 19 days until the pre-sale closes and the Mushe team is targeting a price of $0.50 for XMU’s official market debut, indicating a potential price increase for XMU ahead of its public listing suggests.
After Ripple (XRP) and Stellar (XLM) Mush aims to integrate both fiat and cryptocurrency transactions by utilizing blockchain technology. Mushe aims to develop a full ecosystem that will allow users to conduct instant transactions in both fiat and cryptocurrencies at near-zero cost.
To this end, Mush developed a series of related and complementary products: Mushe Wallet, Mushe Chat, Mushe Swap and MusheVerse.
Most notable among these initiatives is MusheVerse, which will be Mushe’s flagship product. Based on Mushe’s whitepaper, MusheVerse will take the form of a digital network that will allow users to instantly send and receive money anywhere in the world.
In addition, MusheVerse allows users to access a range of exclusive financial services including investment planning, personal finance, banking and others.
With the IPO just 19 days away, Mushe is currently at a critical moment. For anyone interested in this project, you can find additional information on Mushe’s official website at the end of the article!
Learn more about Mushe:
Website: https://www.mushe.world/
Presale: https://portal.mushe.world/sign-in
Twitter: https://twitter.com/Mushe_World
Telegram: https://t.me/musheworldXMU
Instagram: https://www.instagram.com/mushe_world/
Always conduct proper research when dealing with currency and token presales. The above information does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the site or its employees.
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