With the current crypto market condition, long-term crypto assets purchase could be a smart investment move. Most crypto assets have suffered a great price decline, but the track record of the crypto market shows that these periods don’t last forever.
However, it’s essential to prepare for the good times. This article looks at three under one-dollar crypto assets that could yield profitable returns during a favorable market condition. They include Moshnake (MSH), Cardano (ADA), and Nexo (NEXO), and we review them below.
Cardano (ADA) – The Crypto to Watch
Cardano boasts of being the first blockchain protocol ‘founded on peer-reviewed research and evidence-based methods.’ This means the blockchain platform is streamlined to possess the necessary tools and technologies to provide users with optimum efficiency and functionality. Cardano remains one of the earliest adopters of the proof-of-stake consensus, which major Blockchains are now adopting, including Ethereum.
Cardano’s native token ADA performs different functions on the network, including governance and transaction fees. The crypto asset is one of the highest in the coin market by market capitalization. It is also one of the most watched cryptocurrencies due to its high potential to rise and low price.
Cardano peaked at $3.10 in 2021, and experts expected it to continue the great run. However, the bear rally effect saw it decline to a less than $0.5 price mark. While this is a significant loss for those that bought it during its ATH, it’s an opportunity for people that will be purchasing at this point because market indicators show Cardano is more likely to make an upward rally than decline again from this point.
Nexo’s (NEXO) Key Features
Nexo (NEXO) is a blockchain-based platform that aims to improve the lending market by eliminating inefficiencies and making it more satisfactory and functional to users. The platform prides itself as the ‘first-ever lending protocol to provide instant crypto-backed loans.’
Nexo is Ethereum-based, leveraging the blockchain’s smart contracts and oracles to manage issued loans. NEXO is the platform’s native token, and users can leverage it to make the most of the network’s benefits. The platform has a loyalty program for users that stakes their NEXO on the platform. They get higher interest rates and yields on loans and savings.
NEXO reached an all-time high of $4.63 in November 2021 but fluctuated between $0.8 – $1.1 due to the current market condition. Analysts believe NEXO could surpass its ATH in the long run, as it’s showing promising signs of a great bull run once favorable market conditions.
What is Moshnake (MSH)?
Moshnake (MSH) is a dual token play-to-earn NFT game built on the BNB smart chain. Optimism surrounding the new cryptocurrency has been great, and many believe this perceived wide acceptance makes it more likely to explode in a short while.
Moshnake brings back the classic Nokia-based Snake game experience that dominated the mobile gaming space decades ago. However, Moshnake will be blockchain-based, offering player-to-player and single-player modes, while players can earn by playing the fun game.
The easy-to-play will follow the same rules as snake Xenzia but will have in-game items to boost gameplay and potential rewards. These in-game items will be in the form of NFTs, and players can also trade these items to earn in the platform’s internal marketplace. Moshnake functionalities are powered by its two tokens serving different purposes, Moshnake and Venom.
Moshnake is the main token, and it facilitates governance and transactions in the gaming ecosystem, while Venom is an in-game token and functions as an access fee for the game. Moshnake being built on the BNB smart chain makes it super fast, cheap, and easy to access.
Moshnake has all factors in its favor, with the greatest being the nostalgic effect it will bring to most adult players. The developers will leverage strong community backing, effective marketing strategies, and the past success of the legendary snake game to ensure market success.
Experts believe these factors will play vital roles, and the P2E crypto asset could be on the rise in the coming months. Moshnake sells at a low presale price which is billed to increase soon. The best time to join maybe now, as every delay could be regretful in the long run.
To find out more about Moshnake (MSH), visit the links below:
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Written by: Coinpedia