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The secret to success in the crypto market is adopting a niche and building the cryptocurrency around it. If you are the first crypto to offer something, users will be more inclined to select your cryptocurrency over others. That's precisely what Solana (SOL) and Dogecoin (DOGE) have in common.
Dogecoin was the first meme coin ever created, while Solana was the first cryptocurrency to tackle scalability issues. It did this by adopting a combined consensus of Proof-of-Stake (PoS) and Proof-of-History (PoH) to achieve one of the fastest transaction rates in the market. So, what does Moshnake (MSH) bring to the table, and can it create the same hype as Solana and Dogecoin? Let's find out!
If you like gaming, you will love Moshnake. The innovative platform has added a modern twist to an old-school game. It has achieved this by combining the battle royale element of modern games with the classic snake game found on mobile phones. Also, Moshnake has added a Play-to-Earn (P2E) element so you can earn tokens while having fun!
Moshnake has two currencies, VEN and MSH. VEN is the in-game currency that takes care of entrance fees, participation fees, and merchandise. MSH covers everything from transactions on the NFT marketplace to governance in the DAO. The DAO will allow you to vote on proposals submitted to the platform to ensure your voice is heard.
If playing games isn't your cup of tea, why not HODL some of the Moshnake tokens? A bonus is guaranteed for users who HODL MSH tokens! A portion of the tax taken from VEN transactions is distributed proportionally to Moshnake token holders, giving you the chance to earn passive income.
Solana is best known for its tremendous speed and nominal fees. The crypto giant has become a viable alternative to slow Proof-of-Work (PoW) platforms like Ethereum (ETH) and Bitcoin (BTC). At its peak performance, Solana can process an eye-watering 50,000 transactions with transactions costing less than $0.01!
So, what makes Solana so desirable? Apart from its speed, Solana also holds a high return potential. Currently, Solana is experiencing a positive trend, increasing by 16.08% in seven days at the time of writing.
Additionally, Solana is one of the fastest-growing crypto ecosystems in the world. The crypto giant hosts thousands of decentralised applications spanning from NFTs to Web3. With a market capitalisation of $13.5 billion, it is safe to say that Solana has lived up to the hype it created.
Dogecoin was the first cryptocurrency to target the meme audience, and it worked! Billy Markus and Jackson Palmer, Dogecoin's creators, never thought that Dogecoin could reach the heights it has. However, its unique style appealed to the meme community and has even helped it gain attention from the likes of Elon Musk.
At the time of writing, Dogecoin sits as the eleventh largest cryptocurrency by market capitalisation, according to CoinMarketCap. Dogecoin has achieved this level of success due to its unique mode of operation. The community supports one another, teaching others about cryptocurrency and standing behind DOGE in times of hardship.
Although Dogecoin is no longer at the price that it once was, it shows its potential to explode in the future. Through Q4, Dogecoin is one of the cryptocurrencies to look out for as it could prove to be a fruitful addition to your portfolio.
Solana and Dogecoin have created a lot of hype between them. They have individual niches that appeal to different sections of the crypto community. Solana tackles scalability and performance issues, while Dogecoin targets the light-hearted fun side of crypto. Between them, they have helped develop the crypto market into what it is today.
However, Moshnake combines the light-hearted fun element of P2E gaming while maintaining a high level of performance as it will build on the Binance Smart Chain (BSC). The presale is gaining traction as Moshnake is becoming somewhat of a celebrity within the crypto community. If it adheres to its core principles, Moshnake could create the same hype as Solana and Dogecoin.
For more information on Moshnake (MSH), please visit the following links:
Website: https://moshnake.io
Telegram: https://t.me/MoshnakeOfficial
Twitter: https://twitter.com/moshnakeToken
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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.
