The uncertainty of the current crypto market puts investors in a perilous situation. They must carefully balance looking for new opportunities while protecting their portfolios from liquidation. This means that investors will have to pay closer attention to the events happening in the ecosystem. Crypto tokens during this crypto winter have taken significant price slashes, but some of these tokens are going through a phase. This phase allows investors to purchase undervalued tokens for cheap. How can investors discover these undervalued tokens? Accurate research ensures that they better understand how a cryptocurrency project works and its effects on its token price.
Key areas investors should always check when they are researching a crypto project are the fundamentals, use cases, and tokenomics. These areas give investors more insight into the project and help them decide if it is worth their investment. Solana (SOL), Decentraland (MANA), and Moshnake (MSH) are three crypto tokens investors should watch this crypto winter. Additionally, investors should consider adding these tokens to their portfolios because of their potential. Here is a breakdown of each project.
Solana (SOL)
Solana (SOL) is a layer 1 blockchain that was launched in 2020. The blockchain solves the issues of the first-generation blockchains that came before the project. Solana is faster, cheaper, and scalable with a larger block size. The Solana foundation has controlled the project since its conception in 2017. Solana is suitable for developing DEFI projects and smart contracts, making it attractive to developers. Additionally, the blockchain can also host dApps (decentralized apps) which developers can build on its platform. The blockchain has created an easy and alternative blockchain that developers can use to build their projects.
Solana uses a Proof of History (PoH) consensus mechanism. It is a derivative of the Proof of Stake (PoS) consensus mechanism and is used to secure and validate transactions on the blockchain. The blockchain is a great destination for developers as it gives them the tools necessary to build and scale their projects. SOL is the utility token of the blockchain, and it is used to validate transactions and staking for securing the network.
Decentraland (MANA)
Decentraland is a crypto gaming and metaverse project built on the Ethereum (ETH) blockchain. The project introduces users to the metaverse by creating an inclusive community where they can be themselves and form communities. Its MANA token uses the ERC-20 token standard. Furthermore, the project allows users to interact, game, transact, and perform other social activities within its ecosystem. Decentraland has created a fully immersive virtual 3D experience for its users. Decentraland is free to use, and users do not need to sign up to use the platform as they can create avatars and play as a guest.
The MANA token uses the ERC-20 standard of the Ethereum (ETH) blockchain. Furthermore, it will also facilitate transactions within the Decentraland metaverse. Users can buy, sell, and trade items in the decentraland metaverse using MANA. The project has created an environment where players can form bonds and create decentralized communities.
Moshnake (MSH)
Moshnake (MSH) is a play-to-earn NFT game where users would have to purchase NFT snakes to participate in the game. The project draws inspiration from the classic Snake game and can be described as the snake game on the blockchain. Users will be rewarded for remaining active players, and numerous prizes will be won. It is a family-friendly game suitable for all ages and will allow younger players to enter the crypto gaming space. The game has various modes, including player vs. Environment (P2E), where players compete against the game, and player vs. Player (PvP), where players compete against each other.
The MSH token will allow users to perform various transactions in the game, including purchasing snake NFTs. You can become an early player in the Moshnake ecosystem by purchasing tokens in the ongoing presale. You can also invite your friends to purchase MSH tokens and earn bonuses when they do. Join the presale now and start stacking up your bonuses and rewards.
Find out more about MSH:
Website: https://moshnake.io
Telegram: https://t.me/MoshnakeOfficial
Twitter: https://twitter.com/moshnakeToken