Following a period of instability in the first half of 2022, the cryptocurrency markets have shown signs of significant improvement. The prices of numerous cryptocurrencies have more than doubled and even quadrupled since the middle of June. In addition to that, pre-sale token offering sales have been incredibly successful.
Here are two crypto assets that have seen significant price increases over the past six weeks: Polygon (MATIC) and Fantom (FTM). In addition, a new crypto asset is now in presale mode and offering gains before launch: Moshnake (MSH), which is also predicted to have significant price increases once it hits exchanges.
Continue reading to find out more about these crypto assets.
Polygon (MATIC) The Crypto Initiative
As a result of the obsolescence of Ethereum (ETH), multiple new crypto initiatives have been released to lighten the network’s burden. One such initiative was Polygon (MATIC), a companion chain to the Ethereum (ETH) blockchain that aimed to expand its capacity to support a more extensive user base without compromising the cryptocurrency’s core features.
With Polygon (MATIC), users of Ethereum can avoid the hefty gas expenses associated with transactions by transferring their assets to other networks.
Tokens issued on the Ethereum blockchain (ETH) can be sent to the Polygon (MATIC) network for transactions without affecting users’ access to Ethereum-based decentralized applications (DApps). Such assets can be transferred to an Ethereum wallet using the same Polygon (MATIC) bridge.
You may use the bridge on several other multi-coin wallets, and Polygon (MATIC) is supported on many exchange platforms, such as Curve Finance, SushiSwap, and Aave. Polygon addresses Ethereum’s need for a scalable layer-2 solution. This platform has just seen a price increase after being fully interoperable with Ethereum.
Fantom (FTM) The Open Source Blockchain
As an open-source blockchain, Fantom (FTM) is highly scalable, secure, and, most significantly, interoperable with the Ethereum network via cross-chain transactions. Fantom is a Layer 1 blockchain that, in contrast to the majority of its peers, encourages its users to maintain and update their own distributed ledgers, either public or private. Fantom is also much quicker and cheaper than Ethereum.
Specifically, the slow transaction times of older blockchain platforms like Bitcoin and Ethereum inspired the development of Fantom (FTM). The Fantom network’s native token, FTM, can be used for securing the network, compensating validators, and performing governance-related duties.
Moshnake (MSH) The New Crypto
The Moshnake NFT is a brand-new initiative with massive potential in the cryptocurrency market. Its native currency is the MSH token. The token is based on the smart contracts of the Binance Smart Chain, and a DAO governs it. Moshnake (MSH) has a good chance of succeeding because it possesses several advantageous characteristics and isn’t reliant solely on marketing.
The Moshnake ecosystem runs on the governance token, MSH, and the in-game money, VEN. Players have the option of taking on the roles of either other people or the surrounding environment. The rapidly increasing value of Moshnake (MSH) is good news for anyone looking to capitalize on the cryptocurrency market. With the present market conditions, Moshnake Token (MSH) could be an excellent investment as it nears its presale stage.