Cryptocurrency is one of the biggest and most lucrative markets in digital finance today. The rate at which the market has evolved in a short period of time is considered by taking into account the early stages of technological development. After the surprising success of Bitcoin, many new cryptocurrencies have emerged and have equally put their efforts into gaining prominence in the market, giving investors unlimited opportunities to earn exciting returns on investment.
If you’re a new investor and would like to gain exposure to a new token with the potential to grow, Mehracki (MKI) is a new cryptocurrency that is relatively new within the crypto space. Also, we will be reviewing Zcash (ZEC) and Klaytn (KLAY) to provide you with a brief idea about how Mehracki could compete with them.
Mehracki (MKI), the token with all the potential?
Built on the Solana blockchain, Mehracki (MKI) is a community-driven meme coin that offers real-world utility for metaverse enthusiasts. Moreover, the team plans to build an ecosystem and voting platform for users whereby they can put forward proposals and ideas regarding the growth of the platform.
The platform’s main aim is to offer the holders quick, affordable, and borderless transactions. This motive is intended to promote the hospitality and tourism industry to people worldwide. This striking feature is also expected to create a sense of trust and transparency. Moreover, the coin also offers a 15% APY for staking for a minimum of 30 days. Investors can expect their milestones in crypto investment because the platforms suggest rewarding the users with NFT through their roadmaps. The coin is supported by secure smart contracts that facilitate users with nominal transaction fees.
Investors have access to the decentralised autonomous organisation (DAO), exchange non-fungible tokens (NFTs), Yield farming, and Staking, experiencing a wide range of opportunities within the DeFi ecosystem. Mehracki(MKI) will launch its NFT exchange allowing holders printing and trading opportunities. The token is yet to be launched and is currently going through its presale phase which is expected to end on the 22nd of August, 2022. The total supply is set at 100 billion, and its starting price is 0.000056 dollars. If this project has ignited your interest, we suggest you follow the roadmap available on their site.
Zcash (ZEC), a cryptocurrency veteran!
Zcash (ZEC) is a decentralised cryptocurrency that employs zk-SNARK zero-knowledge proof technology. This mechanism prevents revealing any sensitive information when nodes on the network verify transactions. However, this technology is not unique to the coin and is used by other cryptocurrencies.
The aim of the platform revolves around security and anonymity. The transactions work in the same order as the crypto giants, including Bitcoin and Ethereum. However, users have complained about its high inflation and slow transaction speeds.
The team has announced plans to significantly upgrade the platform to give users a better experience whilst on the platform. This upgrade is expected to cause a drastic increase in price action and it may be worth investing early to ensure exposure before a period of growth.
What is Klaytn (KLAY)?
Launched in June 2019, Klaytn (KLAY) is known as an open-source, public blockchain for metaverse enthusiasts. The project facilitates investors who aspire to build, work, or play in the metaverse.
The metaverse contains some of the best games and entertainment especially designed by innovative and skilled artists and developers. The coin’s top features include AAA-quality Play-to-Earn games, metaverse-related use-cases, new DeFiservices, and NFTs. However, this coin, too, has experienced a significant drop in its value with time.
Because cryptocurrencies, blockchain, DeFi, metaverse, and NFT have grown exponentially, competing with them is a real challenge for new projects such as Mehracki (MKI). Although coins like Zcash (ZEC) and Klaytn (KLAY) promised great benefits, they have also experienced shortcomings that could cause them to lose value over time.
But if we take an insight into the benefits and utilities of the project, MKI holds all the potential to transcend other cryptocurrencies. However, always keep in mind that a cryptocurrency is highly volatile and changes its values with time. So, before you make a decision, go through their usefulness and make a wise decision.
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