Want to invest in cryptocurrencies but not sure which ones to buy? You’re not alone; in fact, every cryptocurrency investor has had to answer this same question. Cryptocurrencies like Mehracki (MKI), Axie Infinity (AXS), and Filecoin (FIL) are doing great numbers, with remarkable utility and potential.
Axie Infinity (AXS)
Axie Infinity (AXS) is the earliest and leading play-to-earn gaming platform. The platform features a blockchain-based trading network and battling game its users operate. Axie Infinity (AXS) offers players a chance to buy, collect and trade Axies in their various forms and over 500 different body parts.
The platform rewards gamers with AXS tokens, boasts a market cap of over $1.8 billion, and is today worth $18.50 as of writing. Analysts project that as the buzz around the metaverse increases, AXS will attract more holders due to its broad use cases.
Filecoin (FIL)
Juan Benet founded Filecoin (FIL) in 2014 with the aim of creating an incentive layer for a peer-to-peer storage network for storing and exporting data in a distributed file system popularly called the Interplanetary File System (IPFS). It is an open cryptocurrency and protocol that utilizes a blockchain to analyze and record the crypto holders’ commitments and activities (i.e., transactions) within its platform.
FIL typically applies the Proof-of-replication and proof-of-spacetime in its operations to offer crypto users a safe place to trade their tokens and other assets. It also uses a decentralized data storage system to keep users’ data intact and secure. For instance, unlike centralized cloud storage providers such as Cloudflare or Amazon Web Services, users can supervise their data while having global access to the web.
Based on several analyses, FIL is considered to have the largest presale to date. During its initial presale stage, it accumulated about $52 million, and when it held its Initial Coin Offering (ICO), it still raised a whopping sum of $205 million. Although the price of Filecoin increased about 350% (i.e., $1 to $5) throughout its presale, it later experienced a fall of 90%.
But despite its potential fall, Filecoin is presently worth more than its initial presale price, and it continues to increase each passing day. Filecoin (FIL) embodies excellent potential and represents a great investment option worth considering.
Mehracki (MKI)
Mehracki (MKI) is a community-driven meme token built on the Solana blockchain protocol with a nitro transaction speed and high scalability. The token aims to provide fast, cheap, and borderless transactions focusing on industries like hospitality and tourism. Mehracki is an ecosystem that seeks to provide the users with an independent and affordable utility token Decentralized Autonomous Organization (DAO), Staking, NFTs, a marketplace to showcase businesses related to hospitality and tourism along with their honest reviews.
Mehracki’s use case, utility, and real-life application represent its market edge as its token value continues to jack up ahead of its launch. Here are a few reasons you’ll need to assure you that MKI is the new cool.
First, MKI is built on a utility model, in which case the token is utilized in transactions between customers and businesses in the mentioned categories. Secondly, the Mehracki team provides incentives for adoption, introducing a rewards system and gamifying milestones per transaction. Third, it features real-life applications and allows users to swap other cryptocurrencies with MKI tokens for utility purposes, including the metaverse and NFT markets.
Further, it 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, staking rewards, incentivizing payments, liquidity pool, etc.
The MKI token has a total fixed supply of 100M, and from this, around 36% will be used in its liquidity and presale, while 20% will be utilized in the ecosystem and 10% on incentives and rewards.
Mehracki (MKI) has a highly promising roadmap with great features that will uplift it shoulder to shoulder with meme coin giants like Axie Infinity (AXS) and Filecoin (FIL).
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Source: https://thecryptobasic.com/2022/06/02/why-you-should-consider-axie-infinity-axs-filecoin-fil-and-mehracki-mki-for-your-next-crypto-investment/?utm_source=rss&utm_medium=rss&utm_campaign=why-you-should-consider-axie-infinity-axs-filecoin-fil-and-mehracki-mki-for-your-next-crypto-investment