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Despite entering what was last year's period of an altcoin boom, it's a very different story this year.
Many cryptocurrencies in 2021 exploded with Dogecoin (DOGE) and Shiba Inu (SHIB) at the forefront of the boom with both cryptos now sitting in the top 15 cryptocurrencies in the world, according to data from CoinMarketCap.
PancakeSwap (CAKE) became an important avenue for those investing in crypto with its native CAKE also gaining mass popularity.
Mushe (XMU) recently launched its presale and is on a mission to deliver the message of cryptocurrency to the masses and how to manage it.
Just one week into its presale, Mushe (XMU) has already announced several plans which will massively expand its ecosystem.
It's been a lively start to Mushe's venture in the cryptocurrency industry and it's just that, the start to what can be a glorious journey.
XMU plays a major role in the Mushe ecosystem as it's a decentralized token that facilitates peer-to-peer interaction, rewards, and governance as well as providing liquidity to its exchange, Mushe Wallet.
Holders of the XMU token are able to purchase NFTs that represent fractional ownership of Mushe facilities and products.
With the 4th of July earmarked as the official launch of Mushe, several milestones are set to be met during the year including a partnership with a fintech banking app as well as the migration from the Ethereum blockchain to Constellations Hypergraph, a low-cost, trusted blockchain.
It's been a difficult 2022 for Dogecoin (DOGE).
The cryptocurrency has been unable to replicate the growth it achieved in 2021 and that has left DOGE in a state of stagnation.
Having reached an all-time high of $0.731578 in May 2021, DOGE has suffered an 80% steep drop to its current price of $0.141112, at this time of writing.
Consistent declines and minor rises have been the story for Dogecoin in 2022 but continual growth has spelt a potential positive period for the coin.
A 7.8% rise in the past 30 days and a 6.1% rise in the past 24 hours is good news for DOGE which aim to keep its position as the 11th biggest cryptocurrency in the world, amassing a market cap of over $18 billion, according to data from CoinMarketCap.
Another coin that benefitted during the altcoin boom of 2021 was PancakeSwap (CAKE).
Setting its all-time high of $43.96 in April 2021, CAKE has since suffered an 80% drop to its current price of $8.83, at this time of writing.
A 24.5% increase in the past 30 days greatly increased CAKE's fortunes as it now ranks as the 43rd biggest cryptocurrency in the world, amassing a market cap of over $2 billion, according to data from CoinMarketCap.
TradingBeasts are especially bullish on CAKE's future as it predicts the coin will reach a price of $33 by the end of 2022.
Website: https://www.mushe.world/
Presale: https://portal.mushe.world/sign-in
Twitter: https://twitter.com/Mushe_World
Telegram: https://t.me/musheworldXMU
Instagram: https://www.instagram.com/mushe_world/
Disclaimer: The information provided in this article is solely the author's opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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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.
