With the rise of the cryptocurrency market, it is exciting to have so many options of where to invest your money. There are over 18,000 cryptocurrencies estimated to be in existence, providing people with plenty of blockchain options. Not only that, but according to an article published by explodingtopics.com in 2021, there are approximately 106 million people globally investing in cryptocurrencies.
These statistics provide a clear picture of how cryptocurrencies will grow in popularity – gradually coming close to the inception of the metaverse and web 3.0. With blockchain veteran Ethereum (ETH) having currency significantly declined over the past couple of days, it is important to explore how a newcomer to the market such as Mushe (XMU) can entice the crypto community to get involved with their blockchain.
Recent crash of Ethereum (ETH)
Despite it being one of the best cryptocurrencies in the market, Ethereum (ETH) has
suffered a significant decline this month. The market cap for ETH has dropped by 20.10%
since May and within the past twenty-four hours, the currency’s value has dropped by
10.10% according to coincapmarket.com. This comes from what experts are calling a ‘crash’ in the crypto market, which is seemingly hurting the more popular cryptocurrencies.
But the bad news for Ethereum does not end there. It has lost more than half its value since the beginning of 2022, having reduced gradually as the months had gone on.
Ethereum (ETH) is a decentralised currency that emerged in July 2015 and quickly rose to
popularity through pioneering the concept of smart contracts in blockchain technology. Smart contracts refer to virtual contracts that automatically fulfil a reasonable agreement
between multiple people online. Its purpose was to somewhat eradicate the need of having
a third party involved when trading financial funds digitally.
Ethereum’s value is now at its lowest point since July 2021, and with it being the second leading cryptocurrency behind Bitcoin (₿), its future is currently appearing to be uncertain.
What can Mushe (XMU) bring to the market?
In an already oversaturated market, it is difficult to implement a blockchain that
distinguishes itself so clearly from others. With that being said, it is vital to break down what a newcomer like Mushe (XMU) could bring differently to crypto and how it can aid its
progression. The decentralised token still has just under two months until its official launch
(July 4) but has already shown great potential through its pre-sale figures being at 51,929,81 at the time of this writing.
XMU identifies itself as a token which permits peer to peer (P2P) interaction – providing an
outlet where users can directly trade digital assets without the involvement of an
intermediary. In Mushe’s whitepaper, they provide a clear and concise vision of their goals
by stating how they want to provide users with “access, adoption, reward – a simple, one-
stop solution for all your financial management needs and knowledge.”
They have also given reassurance to those who are apprehensive about investing by having their Mushe Team tokens locked for the first three months and moderately released to a shared wallet – providing people with an opportunity to observe the currency’s fluctuation over a reasonable period. Due to its impressive beginning, people should be aware of its presence and consider investing in Mushe (XMU).
More about Mushe Token (XMU) website and presale.
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