Despite the volatility in the cryptocurrency market, crypto users can still generate passive income by buying and holding potentially profitable cryptos like Moshnake (MSH), Solana (SOL), and Kava (KAVA).
Moshnake (MSH) is the latest play-to-earn crypto platform with valuable prospects thanks to its rebranding and NFTs.
Conversely, pre-established platforms like Solana (SOL) and Kava (KAVA) are also potentially valuable. Both of these platforms support dApps and Web3 applications, thus attracting various developers to their platforms.
Let’s explore the valuable prospects of these three cryptocurrencies.
Moshnake: the latest Play-to-Earn platform
Moshnake (MSH) is a blockchain gaming platform built on the Binance Smart Chain (BSC) network. The platform is presented to the public as a reincarnation of the legendary snake game Xenzia on old Nokia phones.
The developers at Moshnake (MSH) bring back this exciting game with an improvement – allowing players to win while having fun. Thanks to blockchain technology, users can now enjoy improved graphics and competitiveness between players.
Moshnake (MSH) introduces players to NFT play-to-earn games. Players can maneuver their NFT snakes to feed them eggs and in-game items in the arena. They can also buy and sell different NFTs and game items in the NFT market.
The Moshnake Token (MSH) is the governance token used for voting on the Moshnake platform. It also facilitates transactions on the platform. Conversely, the Venom Token (VEN) is the in-game currency used to pay for in-game entry fees, as well as to purchase special released merchandise.
Moshnake (MSH) will proportionally distribute the rewards of the portion of the tax collected from VEN token transactions to its Moshnake (MSH) token holders.
Solana: the energy-efficient blockchain
Solana (SOL) is one of the fastest growing crypto platforms that has made its mark among the top 10 cryptocurrencies on CoinMarketCap. The platform has seen immense growth since its launch when it traded for less than $1. At the time of writing, Solana (SOL) is trading at $33 with a market cap of around $11.75 billion in the coin market.
Solana is an open-source platform that uses the permissionless nature of blockchain technology to provide a decentralized finance (DeFi) solution. Therefore, it has been designed to launch various decentralized applications (dApps).
Solana’s high scalability and energy efficiency are due to its combination of Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms.
SOL is the native token of the Solana network. It is used to pay network transaction fees. SOL token holders can also stake their tokens to secure the network and earn staking rewards.
Due to its potential for innovation, Project Solana (SOL) has become a good buy for crypto enthusiasts and traders. Moreover, the platform’s fast transaction speed and low network fees have sparked more interest in its blockchain.
Kava: the double chain network
The Kava Network (KAVA) is a Layer 1 blockchain that uses a dual ecosystem to stay scalable. The platform is powered by the super-fast tendermint consensus mechanism which combines the interoperability of Cosmos (ATOM) with the flexibility and speed of the Ethereum (ETH) smart contract.
The KAVA native token is a governance and utility token on the platform. It can be staked by validators or delegated to validator nodes. These nodes earn approximately 37.5% of all KAVA fees in rewards. Stakeholders also have the right to vote on governance proposals.
KAVA has prospects for its buyers based on its on-chain incentives, which encourage the best developers and projects on Web3 with rewards. The platform’s seamless interoperability with other platforms also facilitates its connectivity to multiple users, digital assets, and projects.
With valuable dApps and Web3 offerings on the Solana (SOL) and Kava (KAVA) blockchains, these two cryptocurrencies are expected to generate long-term profits.
The new cryptocurrency, Moshnake (MSH), also demonstrates its profitability given its revamped classic game and NFTs.
Therefore, you should consider buying and holding these three cryptocurrencies for long-term benefits.
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