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2022 has been a volatile year for the crypto world, and you would think that a new month would provide further opportunities for crypto investors to flourish. But unfortunately, it seems that another big crypto crash is upon us just after many cryptos were recovering from what occurred in May. The previous crash saw the likes of blockchain veterans such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Terra (LUNA) rapidly decline in their market capitalisation.
Within the past 24 hours, many crypto coins have yet again suffered another significant crash, with blockchain veteran Bitcoin now being valued at USD 24,000, its lowest since December 2020. Due to this, investors are most likely looking to find alternative coins to invest in that have a low-risk factor. A new cryptocurrency that could be feasible for investors is Mushe Token (XMU), while more established currencies such as Binance Coin (BNB) and Stellar (XLM) have strong potential to bounce back. This article will explore how these three cryptocurrencies can help gradually increase your portfolio’s value.
The Presale DeFi Project – Mushe Token (XMU)
If you are searching for a cryptocurrency that has a minuscule risk factor, then Mushe Token (XMU) may be a viable option. Mushe Token is a brand new decentralised finance token that came into its presale inception on 18 April 2022. The newly found project distinguishes itself from others by aiming to accelerate the benefits and adoption of cryptocurrency, by providing an equal playing field for the daily user. In their litepaper, Mushe describes how they believe that “decentralisation is the key to accelerating and empowering a global population with opportunity, understanding, and reward in the evolution of Web 3, cryptocurrency and unification of ethically sustainable decisions”.
Presales have had a solid reputation for profitable financial returns for investors, as the cost is at a discounted value at which coins are available. Mushe Token (XMU) plans to be in its presale period until its official launch on American Independence Day, 4 July – giving people plenty of time to participate and join the Mushe community.
Can Binance Coin (BNB) still provide good finance?
Binance Coin (BNB) has been daunting for some investors. When there was the hope of recovery, the currency suddenly decreased in value by 11.07% within the past twenty-four hours at the time of writing and decreased by 13.75% in the past week according to the Financial Express. This comes only a month after the previous crypto crash, which also negatively affected the market capitalisation of the crypto giant. Despite this, Binance Coin (BNB) has managed to be a prominent coin in the crypto market, maintaining itself in the top ten most valuable cryptocurrencies on CoinMarketCap.
BNB markets itself as the leading crypto exchange in several countries, whilst having a variety of services in multiple spheres. Additionally, it went through a sudden financial surge in value at the start of 2021, leading to an increase in interest from active crypto investors. Although BNB is a currency that is currently in disarray, it still has great potential in bouncing back and becoming a good financial investment.
The Open Network – Stellar (XLM)
Stellar (XLM) describes itself as an open network for distributing and storing finances. Essentially, it is a decentralised network that uses the peer-to-peer (P2P) interactive system which permits users to sell and buy directly from other users. XLM makes it possible for token holders to send, create and trade digital representations of all forms of dividends. The platform is designed to connect the world’s financial markets by operating on a single blockchain network.
It came into existence in 2014 through the Stellar Development Foundation, distinguishing itself from other blockchain projects by having inexpensive transaction costs, being priced at 0.000001 XLM. Stellar has not managed to avoid the crypto crash, with its market capitalisation dropping down by 10.29%. Nevertheless, XLM is still ranked twenty-second on CoinMarketCap as of 13 June 2022 – which shows that it still has great potential for future investments.
There have so far been two significant crypto crashes in 2022. The recent inconsistencies have made people question the feasibility of investing in cryptocurrencies. Nevertheless, crashes have happened in the past and have not significantly tarnished the market.
Just look in 2017 for example, where blockchain veteran Bitcoin had dropped to USD 11,000, its worst market value since its existence, but yet, it still has remained the most profitable currency due to its popularity. Do your research, but consider investing in presale projects such as Mushe Token (XMU), as the risk factor should be incredibly low.
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