While many investors dismissed the cryptocurrency revolution as a passing fad, it is now clear to most that it is a concept that is here to stay. Those who were early adopters of digital currencies saw a substantial return on their investment.
The question is no longer whether you should invest in cryptocurrencies, but which ones. The global cryptocurrency market is expected to reach nearly 3.5 billion dollars by 2030, and most people are looking at Cardano (ADA), Enjin Coin (ENJ), and Mehracki (MKI).
Cardano (ADA)
Cardano is a cryptocurrency that can be used to store value as well as send and receive money. The Cardano cryptocurrency is based on the Cardano blockchain, a first-of-its-kind decentralized network created by cryptography and engineering experts, based entirely on scientific and mathematical principles. The Cardano blockchain can be used to create smart contracts, which can then be used to build decentralized apps and protocols. Furthermore, the ability to send and receive funds instantly and for a low fee has numerous applications in the business and financial worlds
Unlike Bitcoin and Ethereum, Cardano has its own ADA wallet. The Daedalus wallet provides users with more than just a wallet; it also includes a full blockchain node, giving them complete control over their funds and the ability to ensure Cardano blockchain transparency.
Over the last few years, Cardano has traded in line with the rest of the cryptocurrency industry. ADA’s price rose from $0.03 to $1.20 during the late 2017 and early 2018 bull market, valuing the project at close to $32 billion. Early investors received a 3,900% return on their investment almost immediately, and who’s to say it won’t happen again?
ADA tokens have a current supply of 32.04 billion, with a maximum supply of 45 billion. The current price of ADA is $ 0.5839386 per ADA (ADA/USD), with a market capitalization of $ 19.82 billion USD. 24-hour trading volume is $ 1.13B USD. Cardano has lost 6.62% in the last 24 hours, making it a potentially good time to invest because the price is at a low enough level to make a profit. It has a total circulating supply of $33.93 billion dollars.
Enjin Coin (ENJ)
With 2.3M + Wallets installed, 1.2B assets created and 10.3M marketplace volume, Enj coin is not slowing down in its achievements.
Non-fungible tokens (NFTs) gained a lot of traction in 2020, both among investors and the general public. Enjin, a platform that has been empowering users and other projects to create their own NFTs since 2017, is an industry leader in the NFT space.
Enjin provides a complete and easy-to-use tokenization solution with far-reaching applications, with a focus on enabling blockchain and NFTs to evolve the gaming industry, retail reward programs, art, fashion, and more.
If Enjin (ENJ) has piqued your interest, but you’re not sure what it’s all about or where to start? Here are a few things to keep in mind.
- Every token minted on the Enjin Platform is directly backed by ENJ, the platform’s token, which makes Enjin Coin unique. It essentially provides real-world liquidity to in-game items, paving the way for crypto-powered and blockchain gaming as well as gamified real-world platforms.
- Developers must first secure ENJ tokens before minting virtual items. When a player acquires these items, they can be used, traded, or even sold for ENJ. Enjin also has a limited supply, with a maximum of 1 billion units available.
Users can buy, store, and use these unique assets in games on Enjin’s platform, and any company looking to create blockchain products can do so using Enjin’s suite of products.
Mehracki (MKI)
Mehracki (MKI) is a meme token created by the community and built on the Solana blockchain protocol. It has a high scalability and transaction speed. The token is designed to facilitate fast, low-cost, and borderless transactions in industries such as hospitality and tourism. Mehracki is an ecosystem that aims to provide users with an independent and affordable utility token, as well as staking, NFTs, and a marketplace to showcase businesses related to hospitality and tourism, as well as their honest reviews.
As its token value continues to rise ahead of its launch, Mehracki’s use case, utility, and real-life application represent its market advantage.
Perhaps you’re wondering what makes MKI so special.
- A robust roadmap:
Mehracki (MKI) has a strong roadmap with exciting features that users and investors will enjoy, such as being audited by Certik in the first phase of its roadmap, as well as a series of designs and an airdrop of its feel-good NFTs coming up in the third phase of its roadmap.
- It’s a utility-based model:
MKI is based on a utility model, in which the token is used in transactions between customers and businesses in the categories listed.
- It features real-life applications:
For utility purposes, MKI tokens can be exchanged for other cryptocurrencies, including those in the metaverse and NFT markets.
- User-friendly and value-based ecosystem:
MKI features an ecosystem that is simplified, interactive, and user-friendly. And while the Mehracki (MKI) token will not be completely free, each transaction will charge 0.5%, essentially to maintain the ecosystem, stake rewards, and incentivize payments. The Mehracki team provides incentives for adoption; they introduce a rewards system and gamify milestones per transaction undertaken.
The MKI token has a fixed supply of 100 million units, of which 36% will be used for liquidity and presale, 20% for the ecosystem, and 10% for incentives and rewards. With the prospect of building an ecosystem with a strong community and use cases, Mehracki has the potential to disrupt the current dynamics of the cryptocurrency market. As a future token, it might be worth investigating. You can read more about Mehracki in this article.
Learn More:
Mehracki Token (MKI)
Presale: https://buy.mehracki.io/register
Website: http://mehracki.io
Telegram: https://t.me/Mehracki_Official
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
