The bear market holds uncertain times for many projects in the crypto ecosystem. Nonetheless, many winners are made in this market. If you are keen on finding good projects, then keep your eyes on the news and also on the project’s utility. The news plays a role in driving sentiments in the marketplace. For those looking for projects to invest in against the next bull run, keep reading. In this piece, we’ll be introducing two projects that should definitely be on your watch list.
XRP (XRP)
XRP is a project with a long history. It has had many updates, product structure, and name changes. With these, many people often confuse some things about XRP. To make things clear, it is good to know that XRP is the cryptocurrency of the Ripple company. But Ripple was not always known as Ripple. It was originally called Opencoin.
The Ripple company’s primary project is the XRP ledger. XRP ledger works like Bitcoin. It is a system that allows users to send and receive payments seamlessly. On the XRP ledger, users can use private and public keys to facilitate payments. However, it uses a different technology from Bitcoin. Its technology drove conversation around blockchain architecture and brought more innovations.
How does XRP ledger architecture work? It is not a fork on Bitcoin, as many would claim. It is unique. It implements unique nodes to verify transactions. The verification process also does not require mining or any complex procedures.
It is also essential to know that the XRP ledger is not the only product of the Ripple company. They have xRapid, xVia, and xCurrent. These projects utilize either the XRP token or the XRP ledger. So, the Ripple ecosystem is interlocked. In fact, the company has united all three products into RippleNet.
Recently, there may be positive news in the camp of the Ripple company as the over two years court case with the SEC looks like it is drawing to a close. Why we can not say what the results would be. It is best to watch what this news will bring to the XRP token.
Moshnake (MSH)
Moshnake is a new NFT game that is promising exciting new features for gamers. Moshnake is built on blockchain technology and shares similar characteristics with the classic snake game. Like snake game, players can move to secure eggs that will make them grow bigger. How does the game work?
Players will use snake NFTs to compete in the Battle Royal arena while searching for gems. They search for gems like surprise crates, eggs, or even the Moshnake tokens. These rewards make the game exciting. Keep in mind that players have to avoid getting attacked by other snakes.
In the arena, there are different forms of snakes. Players can get any of Cobra, Krait, Viper, or Mamba. These snakes are distinguished by their characteristics, which makes them receive varying rewards in the arena. However, a player will not succeed only because of their snake characteristics. Skills and tactics are also necessary.
Before gamers can access the game, they will need to purchase the Venom token (VEN). VEN is the in-game asset. Aside from the entrance fee, VEN can also be used to revive snakes that have zeroed on their energy.
Unlike VEN, the MSH token is the native token of the game. This token will be used to purchase VEN and the snake NFTs. Players also earn MSH. Invariably, MSH may be said to be more valuable than VEN. So, investors can consider looking into MSH.
Another good way to earn from the game is from the snake NFTs. Like other NFT games, players can trade their NFT assets in the marketplace for rewards. So, gamers can also breed their snakes for sale. The team also mentioned that players could hatch eggs into snakes. Although no marketplace has been announced, it is still worth looking into.
Find out more about MSH:
Website: https://moshnake.io
Telegram: https://t.me/MoshnakeOfficial
Twitter: https://twitter.com/moshnakeToken