With the rollercoaster events in the crypto space these past weeks, it’s no surprise that people are uncertain and even a bit worried about making any crypto investments.
This makes sense, however, the crypto world is a dynamic industry and while there might be a dip at the moment, the market has been known to bounce back from things like these. To be armed with the proper investments when the market value goes up again, here are four tokens to watch and possibly invest in. Four cryptocurrencies to have on your watchlist – Mushe, Polkadot, Avalanche, Ethereum
Mushe Token (XMU) – new financial crypto
Mushe Token (XMU) is a new decentralized platform that aims to be the major medium of exchange and offer smooth interoperability between cryptocurrencies and fiat currencies.
The protocol will facilitate peer-to-peer (P2P) interactions, rewards, and governance. On the 18th of April, the project launched its first presale phase with an initial price of $0.005, and now not up to a month after, is selling at an impressive price of $0.028.
The creators of the Mushe Token (XMU) platform hope to reach a launch price of $0.05 and with the way the crypto is moving, this is looking more possible.
If Mushe Token (XMU) achieves this, that would mean a 1000% increase which will put it straight among the top well-performing tokens and this will be an amazing investment to have in one’s portfolio.
Polkadot (DOT) – beyond interoperability
Polkadot (DOT) is an amazing crypto project with exciting long-term potential. It is one of the top altcoins to have when it comes to finding a solution to the challenge of interoperability which has affected blockchain technology for a while now.
Polkadot (DOT) is a multi-chain network that allows individual blockchain networks to share the information which significantly improves scalability.
Polkadot (DOT) also still allows each blockchain network’s owners to govern their protocol as they feel is best. This allows them to benefit from its efficiency while maintaining their autonomy. DOT is the native token of the Polkadot protocol and members use it to vote and stake.
With an increasing number of developers looking to Polkadot (DOT) to build powerful decentralized apps (DApps), the platform might have a great future with the potential for a lot of success.
Ethereum (ETH) – smarter smart contracts
Ethereum (ETH) is a blockchain network that needs no introduction. It is a popular network with several use cases and has been adopted widely for its services which include smart contracts, decentralized apps (DApps), and NFTs. Ethereum (ETH) is not used as just a way to send money like Bitcoin (BTC).
It is more interested in being a platform for developers to build DApps across different industries. While there have been issues with the platform because of its slow transaction speeds and high gas fees, developers are working on changing that.
Ethereum (ETH) is working on transitioning from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) consensus mechanism with an upgrade called Ethereum 2.0. This is expected to significantly increase its transaction speeds, boost scalability and reduce its gas fees.
Like most other currencies, its value is low now because of the dip. This might be a good time to buy the crypto at what one might call a “discounted price”.
Avalanche (AVAX) – harnessing the power of the chain
Avalanche (AVAX) is a smart contract protocol that has three specific networks which include; the Contract Chain, Exchange Chain and Platform Chain. Having these three chains as opposed to one leads to much higher scalability because Avalanche (AVAX) can utilize specific chains for certain tasks and maintain speed and decentralization.
This is something that makes the platform a major competition for Ethereum (ETH) although it isn’t yet adopted quite as much. AVAX, the native token of the Avalanche protocol spiked over 1,400% towards the end of 2021.
This is impressive growth and when the market starts to spike again, this token looks like it might have the potential for success.
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