For several months, the cryptocurrency industry has been in a bear market. It is a period of extreme market volatility and negative crypto prices. As a result, several crypto players find it hard to go about their activities and are turning to several strategies to relieve the pressure.
Long-term cryptocurrency investment is a common strategy that has proved effective in previous bear markets and could yield many results in the current climate. Long-term cryptocurrency investment allows investors to take advantage of the state of the market and mitigate any risk of running at a loss.
As the bear market rages on, several altcoins emerge as suitable candidates for long-term cryptocurrency investments. However, giants Filecoin (FIL), Cosmos (ATOM), and new crypto Moshnake (MSH) possess the most growth potential and could explode in the current climate. We take a look at all three altcoins below.
Cosmos (ATOM) – The Crypto Offering Many Solutions
Cosmos (ATOM) is a blockchain-based platform that provides solutions to some of the hardest problems within the blockchain industry. It provides an antidote to slow, expensive, unscalable, and environmentally harmful proof-of-work (PoW) protocols, like those used by Bitcoin, through an ecosystem of connected blockchains.
Its native cryptocurrency, ATOM, is an integral part of its ecosystem, responsible for facilitating several operations, such as network governance, payment fees, and more. ATOM is a highly sought-after token available on prominent crypto platforms within the industry, like Binance, Coinbase, and OKEx.
Filecoin (FIL) – The Popular Platform
Filecoin (FIL) is best described as a decentralized storage system that exists to store humanity’s most important data. It is different from cloud storage companies like Amazon Web Services (AWS) or Cloudflare, which are prone to centralization problems. Unlike those platforms, Filecoin (FIL) leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. It also allows users to be custodians of their own data, making the web more accessible.
Its native cryptocurrency, FIL, is integral to its ecosystem and operation. FIL is a top 40 cryptocurrency by market cap available on top crypto platforms like Gemini, Kraken, and Huobi.
What is Moshnake (MSH)?
Moshnake (MSH) is one of the most anticipated cryptocurrencies this year, taking the crypto world by storm. Native to the Moshnake platform is a Play-to-earn (P2E) NFT gaming platform. Moshnake Token (MSH) is gaining a reputation for its nostalgic appeal and various real-life applications and use cases.
The token is a BNB Smart Chain (BNB) based asset, meaning it has low transaction fees and fast confirmation times. These qualities make it ideal for interaction among traders and other crypto players within the industry.
With its presale fast approaching, Moshnake (MSH) is looking like an exciting long-term cryptocurrency investment option. The low-risk, high-reward opportunity could yield massive returns in the long run. Watch this space for more details on the Mohsnake (MSH).
To find out more about Moshnake (MSH), visit the links below:
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