Despite the volatility of the cryptocurrency market, cryptocurrency users can still generate passive income by buying and holding potentially profitable cryptocurrencies such as Moshnake (MSH)Solana (SOL), and Kava (KAVA).
Moshnake (MSH) is the latest crypto platform to play for profit with valuable prospects thanks to its rebranding and NFTs.
Conversely, pre-established platforms such as Solana (SOL) and Kava (KAVA) are also likely to be valuable. These two platforms support dApps and Web3 – thus attracting many developers to their platforms.
Let’s explore the valuable prospects of these three cryptocurrencies.
Moshnake: The latest gaming platform to earn
Moshnake (MSH) is a blockchain gaming platform built on the Binance Smart Chain (BSC) network. The platform comes to the public as a copy of the legendary snake game Xenzia on old Nokia phones.
Moshnake (MSH) developers are bringing back this exciting game with improvement – allowing players to earn while having fun. With blockchain technology, users can now enjoy improved graphics and competitiveness among players.
Moshnake (MSH) offers players NFT games to play to earn. Players can maneuver their NFT snakes to feed them eggs and in-game items in the arena. They can also buy and sell different types of NFTs and in-game items on the NFT Marketplace.
The Moshnake (MSH) token is the referee token used for voting on the Moshnake platform. It also facilitates transactions on the platform. Conversely, the Venom token (VEN) is the in-game currency used to pay the game entry fee, as well as to purchase special issued merchandise.
Moshnake (MSH) will proportionately distribute the rewards from the tax portion collected from VEN token transactions to holders of Moshnake (MSH) tokens.
Solana: Energy Efficient Blockchain
Solana (SOL) is one of the fast-rising crypto platforms that has made its mark among the top 10 cryptocurrencies on CoinMarketCap. The platform has experienced massive growth since the day it was launched when it traded for less than $1. At the time of writing, Solana (SOL) is trading at $33 with a market capitalization of approximately $11.75 billion in the forex market.
Solana is an open source platform that uses the unlicensed nature of blockchain technology to provide a decentralized financial (DeFi) solution. Therefore, it is designed to launch many decentralized applications (dApps).
Solana’s high scalability and energy efficiency is due to the combination of Proof of Date (PoH) and Proof of Stake (PoS) consensus mechanisms.
SOL is the original token of the Solana Network. It is used to pay transaction fees on the network. SOL token holders can also share their tokens to secure the network and earn staking rewards.
Due to its innovative capabilities, Project Solana (SOL) has become a good buy for crypto enthusiasts and traders. Also, the platform’s fast transaction speed and low network fees have drawn more interest in its blockchain.
Kaffa: The Double Chain Network
The Kava Network (KAVA) is a Layer 1 blockchain that uses a dual ecosystem to remain scalable. The platform is powered by a very fast consensus mechanism that combines the interoperability of Cosmos (ATOM) with the flexibility and speed of an Ethereum (ETH) smart contract.
The original token KAVA is a token for governance and utility on the platform. It can be aggregated by auditors or delegated to contract auditors. These nodes earn approximately 37.5% of all KAVA fees in rewards. Stakeholders also have voting rights on governance proposals.
KAVA has prospects for its buyers based on its on-chain incentives, which encourage the best developers and projects on Web3 with rewards. The platform’s seamless interoperability with other platforms also helps it connect to multiple users, digital assets, and projects.
With dApps and Web3 value propositions on the Solana (SOL) and Kava (KAVA) blockchains, these two cryptocurrencies are expected to generate long-term profits.
The new cryptocurrency, Moshnake (MSH), is also showing its profitability due to the revamped classic game and NFTs.
Therefore, you should consider buying and holding these three cryptocurrencies to get long-term benefits.
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