The cryptocurrency market has suffered greatly from the bear market in 2022. However, as the industry recovers with coins like Binance Coin (BNB) and Raydium (RAY) taking the lead, brand new tokens like Moshnake (MSH) are set to launch.
Binance Coin (BNB) and Raydium (RAY) already have a lot going on for them, and we’ll explore them briefly in this article. However, Moshnake (MSH) is still developing, but it is already raising a lot of optimism as it begins its pre-sale. We’ll also discuss what to expect from this brand-new crypto project and other details. Let’s get into it.
An Overview of the Binance Coin
Binance Coin (BNB) is the base cryptocurrency of the Binance exchange. The Binance exchange, which is the largest crypto exchange in the market, enables investors and traders to transact using its BNB coin. This coin originally ran on the Ethereum blockchain, but it is now recognized as the native coin of the Binance ecosystem and used across its chain of services.
Interestingly, BNB performed impressively before the crypto crash in 2022 and more than doubled its value from the beginning of April 2021 to the middle of January 2022.
Binance Coin (BNB) also has other great utilities, which explains why users are stuck on it. You can use it to pay for various things online, such as gift cards, cryptocurrency credit card bills, entertainment, travel, and more.
Moreso, the platform is still keeping up with its token burn practice to reduce the coins in circulation and boost prices. It is also looking into other possible ways to serve its users better.
Binance Coin (BNB) is one of the many projects recovering well from the crash. It is expected to bounce back in no time.
Raydium’s Promising Return
Raydium (RAY) is a Solana-based automated market maker (AMM) and liquidity provider built for the Serum decentralized exchange (DEX).
Unlike other AMMs, Raydium (RAY) offers on-chain liquidity to a central limit order book. This means that money deposited into Raydium (RAY) is processed into limit orders placed on Serum’s order books. As a result, Raydium (RAY) LPs have access to Serum’s order flow and existing liquidity.
The protocol has a native token, RAY, used for several purposes, including staking to earn protocol fees, receiving IDO allocations, and voting on protocol decisions.
The token has struggled through the crash and is currently showing bearish signs. There could be a turnaround for RAY in the coming bull run.
Why Moshnake’s Presale is Trending
Moshnake is a new Play-to-Earn (P2E) token building on the Binance Chain. It is a community-driven project aimed at bringing back the classic and legendary Snake gaming experience.
The project introduces NFTs to the good old game, requiring players to own at least one of the Moshnake NFTs: Viper, Mamba, Krait, and Cobra. Players can enjoy game modes where they simply move their snake to eat eggs and pick up other collectibles in the game arena.
However, the game allows for team combats where you can form groups of twos and fours to play. You can also access additional entertainment options within the ecosystem.
You’ll need the platform’s Venom (VEN) token to play the game, but its Moshnake (MSH) token will be used for transactions and governance.
Its pre-sale has already begun, with token prices selling for considerably less than what they could be when Moshnake (MSH) finally launches. This could make sense if you are looking for cryptocurrencies that could give you massive returns.
Conclusion
All fingers are not equal in the crypto space. The recovery rates of Binance Coin and Raydium (RAY) compared with those of some other cryptocurrencies clearly depict this fact.
However, you can never go wrong with a potential token’s presale, as you could multiply your money massively when you invest right.
Check out these links for all you need to know about Moshnake (MSH).
Website: https://www.moshnake.io/
Pre-sale: https://www.moshnake.io/how-to-buy
Twitter: https://t.me/MoshnakeOfficial