Over the last few years, cryptocurrency has grown in relevance and achieved mainstream attention to the point where it is now a major talking point within global communities. It is safe to say that the world is finally realizing the endless potential of crypto and blockchain technology and how it could shape several industries, particularly banking and finance. Crypto is devoid of the limitations familiar within the banking sector and traditional financial systems, such as inaccessibility, lack of transparency, third-party interference and more.

However, the cryptocurrency industry’s rapid growth is facing a major stumbling block in the form of a long and challenging bear market. Beginning in the summer after crypto markets crashed alongside global financial markets, the bear market has plagued the industry putting a severe strain on day-to-day activities. The world’s largest cryptos by market cap have been the biggest losers within the current climate, causing concern amongst global communities about the industry’s future.

As the bear market rages on, several altcoins are showing promising signs to suggest that they could explode in the current climate. This makes them ideal investment options that can yield massive returns in the long run. In this piece, we look at three of these altcoins. Here’s all you need to know about Avalanche (AVAX), Polygon (MATIC) and Moshnake (MSH).

Avalanche (AVAX) – The Profitable Crypto

Avalanche (AVAX) is a blockchain network that facilitates the creation of Decentralized Applications (dApps) and custom blockchain networks. It is an extremely scalable platform, capable of achieving a higher transaction output of up to 6,500 transactions per second (tps). Within the Avalanche (AVAX) ecosystem are three built-in blockchains which serve distinct purposes, including facilitating the exchange of funds on the Avalanche network, smart contract creation and more.

Its native cryptocurrency, AVAX, plays an integral role in its operation and ecosystem. AVAX facilitates several operations on Avalanche, such as payment fees, network governance and staking. It is available on several crypto platforms, including Binance, Bitfinex, Gate.io and Kucoin.

Polygon’s (MATIC) Key Benefits

Polygon (MATIC) is a well-structured, easy-to-use Ethereum (ETH) scaling and infrastructure development platform. It effectively transforms Ethereum (ETH) into a full-fledged multi-chain system (aka Internet of Blockchains) similar to Polkadot (DOT) and Cosmos (ATOM). Polygon (MATIC) is one of the many blockchain-based platforms providing feasible solutions to existing problems within the cryptocurrency industry, synch as scalability and interoperability.

Its native MATIC token is an integral part of its ecosystem. MATIC enables several crypto-related operations on Polygon, such as payment fees, staking, network governance and interaction. As an ERC-20 token and top 20 cryptocurrency by market cap, MATIC is available on several crypto platforms within the industry, such as Binance, Coinbase Pro, Huobi Global, FTX and Kucoin.

Presenting Moshnake (MSH)

Moshnake (MSH) is one of the most anticipated gaming coins this year and has become the subject of interest and excitement within the cryptocurrency industry. The token is native to Moshnake, a crypto gaming platform that seeks to provide a nostalgic gaming experience to the industry and wealth-generating tools. Moshnake takes inspiration from the class Nokia snake game and features rewards and other incentives for the gaming community.

Within the current climate, Moshnake’s arrival could signal a turn in fortune for struggling investors. The token looks likely to become a valuable asset in the ongoing bear market. With features like low transaction costs and fast confirmation times, it can become a favourite of traders in no time.

For more information on the Moshnake (MSH), visit the links below:

Website: https://moshnake.io

Telegram: https://t.me/MoshnakeOfficial

Twitter: https://twitter.com/moshnakeToken

Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

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