Cryptocurrencies to Look Out for in 2022 – Cardano (ADA), Axie Infinity (AXS), and Mushe Token (XMU)
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The crypto market is fast becoming a proper means for generating income. Whether as an investment tool or a means for trading, the possibilities to utilize the crypto market are endless. As more and more people realize this, interest in crypto will only grow until it reaches mainstream adoption one day.
Life as an investor means looking for more ways to store wealth and turn a profit, and this can be achieved by investing in a crypto coin. However, this is easier said than done. The crypto space is exceedingly overwhelming, and it can be a struggle to keep up with the rapidly evolving technologies and applications. There is also the problem of choosing a coin, as many options are available. Whether investing to diversify your portfolio or make a quick buck, these three cryptocurrencies should be on your radar. Cardano (ADA), Axie Infinity (AXS) and Mushe Token (XMU) are the three crypto coins to look out for in 2022.
Cardano (ADA)
Some of the significant problems the crypto space currently faces are scalability, energy consumption and the ability to interact with real money. These are mostly problems that plague older blockchain platforms such as Ethereum (ETH). As a result, one of the motivations for newer blockchain systems is to try and solve these issues. Cardano (ADA) is a prime example.
What Is Cardano (ADA)
Cardano (ADA) is a third-generation public blockchain and smart contract platform designed to provide economic identity to people worldwide, through decentralized applications (dApps) that manage identity, value and governance. The platform seeks to provide a more balanced and sustainable ecosystem for cryptocurrencies, one devoid of current limitations such as scalability, interoperability and energy consumption.
The platform runs on a Proof of Stake (PoS) consensus mechanism, consuming less power and making blockchain networks more secure. Additionally, Cardano (ADA) uses an algorithm called Ouroboros to select who creates the next block and to validate blocks. Its native cryptocurrency, ADA, is used to pay for transactions on the blockchain and participate in governance. ADA is a top 10 crypto by market cap.
Virtual reality, the metaverse, and gaming tokens are currently taking the crypto world by storm. A new concept following closely in their footsteps is play-to-earn (P2E) games, of which Axie Infinity (AXS) is a pioneer. P2E games and the play-to-earn movement are gaining momentum because of the sudden explosion of NFTs into the mainstream in 2021.
So What Is Axie Infinity?
Axie Infinity (AXS) is a blockchain-based monster battling game where players fight against each other using teams of cute monsters known as Axies. Axies and other in-game items are represented by NFTs, which players can trade on the game’s marketplace for money.
Axie Infinity (AXS) takes inspiration from the popular Nintendo series Pokemon. It runs on the Ethereum blockchain network and employs a sidechain known as Ronin to minimize transaction fees and delays. An exciting feature of the Axie Infinity (AXS) ecosystem is all its in-game features are represented by NFTs, which belong solely to the player. This means that players can trade their Axies NFT for real money on the Axie Infinity (AXS) marketplace. Additionally, players can breed Axies, allowing them to build potentially more powerful teams and yield more NFTs to sell in the marketplace.
And, the platform’s play to earn tag is no gimmick at all. Programs like Yield Guild Games and others allow Axie owners to loan their NFTs to other players to earn with, and the profits are then divided between both parties.
Mushe Token (XMU)
Mushe Token (XMU) is a DeFi platform that seeks to accelerate global cryptocurrency adoption by providing exciting features that will level the playing field for the everyday user. The platform will provide users with several features to achieve this, for example:
Massive supply of frictionless fiat and cryptocurrency interoperability
Combination of blockchain technology and financial services knowledge to provide a highly secure, simple and accessible solution
Elimination of barriers of complexities and provision of financial agility
Through these features, Mushe Token (XMU) seeks to become the leading, interoperable crypto and wallet of choice. The platform’s native token, XMU, is currently on presale and can be purchased via the link below.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
