Crypto winter is currently gripping the cryptocurrency market due to skyrocketing inflation, stringent monetary regulations, and an absence of liquidity. During the June cryptocurrency meltdown, tokens lost between 70 and 90 percent of their value. The crypto market is still an appealing financial opportunity for investors even as buyers continue to profit.
Cryptocurrencies should be commended for overcoming the sluggish market and maintaining stability during their ascension. A few cryptocurrencies with promising futures are Chainlink (LINK), Arweave (AR), and newcomer Moshnake (MSH). Here is a brief guide about these cryptocurrencies.
Chainlink (LINK) is a cryptocurrency and technology platform enabling non-blockchain businesses to connect with blockchain platforms safely. The platform is commonly referred to as a decentralized oracle network. The “oracles” are external data suppliers contributing to the network’s use cases. With these oracles, Chainlink smart contracts may obtain precise data from non-blockchain sources, including APIs and feeds. The oracle service is provided on the Chainlink network, and its correctness is guaranteed using the LINK ERC-20 token.
Chainlink (LINK) supports hybrid smart contracts by using blockchain technology to permit computations on and off the blockchain safely. The LINK token pays the network’s operators and serves as collateral for its smart contract deals. Any major blockchain networks, including Ethereum, Solana, and Terra, are accessible to businesses via Chainlink.
Arweave (AR) is a platform aiming to permanently store files on a dispersed network of computers. It aims to create an everlasting digital archive comparable to the legendary Library of Alexandria. As a result, Filecoin and Sia, two other decentralized storage platforms that use cryptocurrencies to build marketplaces for consumers looking to purchase and sell data storage services, and Arweave share many similarities. Arweave (AR) is attempting to upend a market dominated by established storage behemoths like Google, Amazon, and Microsoft, much like these ambitious protocols. But what distinguishes Arweave from others is its dedication to long-term data storage through special incentives designed around its AR coin. The design of Arweave makes it possible for users who store data to earn money even after making the initial payment for its decentralized storage service.
Additionally, files saved on Arweave may be accessed using standard web browsers, negating the need for a dedicated wallet or blockchain service. A voting system enabling users to control illicit content is one of the other noteworthy features under development. Investors should be aware that only 66 million AR tokens are available for purchase. When Arweave debuted in June 2018, the first batch of AR cryptocurrency was minted. Fifty-five million AR tokens were produced at that time. It has planned to eventually distribute an additional 11 million AR tokens to the computers operating the network’s storage services.
More and more play-to-earn tokens are being launched, and Moshnake (MSH) is one of the newest. This community-based, play-to-earn NFT game tries to revive the legendary Snake gaming experience. Compared to traditional P2E games, Moshnake (MSH) has an advantage.
To broaden the appeal of Moshnake (MSH), it was essential to give the players a comfortable environment. Building the game on top of the BNB Smart Chain immensely benefited this project because it is EVM compatible and allows the use of Ethereum-based decentralized wallets like MetaMask, which is incredibly popular and has more than 30 million active users globally. The presale is ongoing at a very low price. It is predicted that Moshnake (MSH) players would be able to connect to and interact with the BNB Smart Chain (BSC) quickly to pay money or perform game-related tasks due to MetaMask’s tremendous popularity.
To join the Moshnake (MSH) presale, follow the links below:
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