At the time of writing, there are twenty thousand nine hundred and eleven cryptocurrencies on the market. The collective capitalization of these cryptocurrencies is nine hundred and seventy-seven billion dollars. There are over five hundred exchanges, and the daily trading volume of tokens is roughly eighty billion. In November 2021, the market cap of all tokens had reached record levels of three trillion dollars, and token prices were the highest they'd ever been. Unfortunately, all good things must end, and the cryptocurrency market crashed spectacularly. A few months have passed since the "crypto winter" took effect. To comprehend current circumstances, we'll look at three tokens below: Solana (SOL), Cronos (CRO), and MetaCryp (MTCR).
Solana's numbers are impressive. SOL ranks at number nine, based on a capitalization of 16.9 billion. The price of one Solana token is 33 dollars. Both values mentioned have increased 2.8% in the last twenty-four hours. SOL's trading volume is 1.05 billion, representing an emphatic rise of 34.7%.
The Solana Foundation began working on SOL as early as 2017. After three years of research and development, Solana was finally launched in 2020 at their headquarters in Switzerland. SOL is an adaptable, open-source project backed by blockchain technology; it offers DeFi services that are in high demand.
Token holders can create decentralized applications (dApps) on Solana. The platform integrates an underlying proof-of-stake (PoS) consensus with an innovative proof-of-history (PoH) concept to ameliorate scalability. The hybrid protocol has piqued the interest of independent parties and large organizations. The latter is of particular interest to Solana Foundation since its objective is to make DeFi solutions available for mass consumption.
CRO has a market cap of 3.46 billion, putting the token at number twenty-seven in the rankings. Cronos's price is 0.114 dollars. Both figures have augmented by 2.1%. CRO's trading volume is up by nearly thirty percent, currently resting at 22.3 million. Cronos went live in 2018 and functions as a decentralized, open-source blockchain network created by Crypto.com. CRO enables users to make payments, trade tokens, and avail other financial services. Cronos Chain is one of the products in the Crypto.com portfolio. CRO was designed to empower cryptocurrency users to regulate their money and protect their information.
Moreover, Cronos Chain works with Ethereum and in conjunction with the Crypto.com blockchain. Cronos Chain's mainnet was launched in late 2021 and is based on Cosmos SDK, which employs a proof-of-authority (PoA) consensus protocol. Since the system is compatible with Ethereum Virtual Machine (EVM), decentralized applications can be transferred to Cronos Chain.
It can be extremely difficult for a cryptocurrency to stand out, especially in a crowded market. There are over twenty thousand tokens, and the crypto crash doesn't favor emerging tokens either. Any new platform will have to offer users something different to survive. MetaCryp has the potential to thrive because it provides metaverse and gaming solutions. MTCR's strategy is bound to be effective since both elements have grown manifold in recent years. For example, the global metaverse market is expected to be worth 678 billion dollars by 2030. Likewise, the revenue from the worldwide gaming market has doubled in the last five years.
There will be 500 million MTCR tokens in circulation at any given point. 30% of these tokens will be available for purchase during the presale, 10% will be reserved for staking, and another 10% will be for Play2Earn funding. The other half of the tokens (250 million) will be disseminated among the team (10%), a special fund (10%), airdrop (10%), bonuses (5%), liquidity (5%), advisors (5%) and reserves (5%).
Solana's and Cronos' numbers have increased, which is excellent news for Metacryp. The metaverse and gaming will continue to grow, which means MTCR will find plenty of suitors. If you're interested in getting on the MetaCryp bandwagon, investing early is the best course of action since a 9% bonus will be given during stage 1 of the presale.
Presale: http://presale.metacryptoken.io/
Website: http://metacryptoken.io/
Telegram: https://t.me/MetaCrypOfficial
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.