3 Reasons That Make Mushe Token the Next Big Thing in Crypto World Just Like Solana (SOL), and Internet Computer (ICP)
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Unless you've been living under a rock for the past several years, you must have heard about cryptocurrency. Cryptos are digital currencies that operate virtually through blockchains. Notably, crypto is not governed by authorities like the government or commercial banks.
Cryptocurrency first emerged in 2009 with the advent of Bitcoin, the first of its kind. Since then, it has witnessed wild success as dozens of new tokens have been developed. Some of the reasons for its rapid popularity and growth are the low fees of entry, vast profit potential, and ease of use.
Why is the Mushe token (XMU) the next big thing in the crypto world?
As it stands, the Mushe token (XMU) is available on a presale basis and will not be officially launched until 4th July. Experts have labelled it as the biggest launch of the second quarter and are predicting a warm reception when it properly debuts in the summer.
In the past, those who have taken a leap of faith and invested in cryptocurrency in its nascent stage have benefitted the most. Once investors enter the equation, the price of crypto goes up which means the chances of making outrageous profits exponentially increases.
Mushe token (XMU) works through peer-to-peer transactions. There is no paperwork involved nor is there any involvement of third parties. It is based on the Ethereum blockchain, which means there is major room for growth. The longer-term idea is to migrate to the Stellar (XLM )open network, which is known for its low-cost initiatives.
The cost of acquiring Mushe token (XMU) will only go up. When presale began in April, the price was set at 0.005 US dollars. It has gone up to 0.027 at the time of writing! This shows that XMU is a safe bet in what is conventionally known as a volatile market.
Mushe (XMU) versus Solana (SOL)
Speaking of safe bets, investors should choose $XMU over other platforms like Solana (SOL). A decentralised blockchain, SOL is touted for processing thousands of transactions every second. However, it was recently offline for many hours because the platform was unable to accommodate high demand. This resulted in the Solana (SOL) system being rebooted. When this happened, the price of SOL, which was 86.75 dollars, went down by 0.81%.
Like Solana (SOL), XMU is also a decentralised token. It aims to provide a highly secure and easy-to-use solution for users. The objective is to ensure that the average user is comfortable trading in digital currencies. By using simple navigation techniques, users can buy, hold, trade, and exchange cryptocurrencies on XMU. They may even purchase NFTs (Non-Fungible Tokens) on the platform.
Mushe token (XMU) versus Internet Computer (ICP)
The Mushe token (XMU) is being hailed as the biggest launch in the cryptocurrency market this year. Typically, a new cryptocurrency is launched to great fanfare before its value plummets and investors turn their attention to the next big release. For instance, it was not even a year ago that Internet Computer (ICP) was unveiled. After years of development, ICP, a brainchild of DFINITY Foundation, was trading at an all-time high price of 460.84 dollars in May 2021. Fast forward to June and the price plunged by an astounding 95% to just 34 dollars. Internet Computer (ICP) tumbled to 28 dollars in July before a short-lived rebound to 84.75 in August.
Although it ranks in the top 50 cryptocurrencies with a market cap of over USD 2 billion dollars, Internet Computer (ICP) is currently priced at just over 10 dollars. This further emphasises that the best time to invest in a new cryptocurrency is in its initial stages.
The anticipation around the release of a new cryptocurrency also shows that digital currencies in general have a long way to go. Experts are extremely bullish and are predicting legitimate growth for Mushe token (XMU) upon its release.
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