The Next Cryptocurrency To Explode In 2022! Mehracki (MKI) Aims To Shake Up The Defi Space Along With Avalanche (AVAX)
So far, 2022 has been a year of uncertainty regarding the growth of the cryptocurrency market. Bitcoin closed the month of January with a price of just over $47,000. Mehracki news…
This was a reason for optimism and as a result, analysts made bold predictions on the direction of the market in the long term. Currently, the price of Bitcoin is hovering over the $23,000 mark and as a result, the price of altcoins has dropped even further, with some projects down by over 50% since January.
A dip in the market can easily be attributed to scepticism about the longevity of cryptocurrency, but statistics show that institutional interest is still relatively high. Whilst the price continues to experience a period of volatility, now is an ideal time to look into the projects that can excel and provide gains for investors. Mehracki (MKI) and Avalanche (AVAX) may be worth looking into.
Mehracki (MKI) to Produce Millionaires?
Mehracki (MKI) is a meme token built on the Solana blockchain; it was developed to ensure users benefit from the services offered on the platform. The project aims to generate wealth for investors and provide activities for the community to participate in. The word Mehracki (pronounced may-rah-kee) describes putting any of the trinity of soul, creativity, and love into whatever the heart desires.
Users of Mehracki’s native token MKI can earn passive income by contributing their crypto assets to liquidity pools. Essentially, participants earn by locking up their tokens in smart contract-gated liquidity that lenders can borrow. Users receive MKI for facilitating transactions and lending on the network.
Staking involves participants donating their MKI tokens into a wallet to support the sustainability of the Mehracki ecosystem. In return, they are rewarded based on the amount of MKI tokens staked, the duration of stake, and the inflation rate. Currently, users can earn 15% APY for staking for a minimum period of 30 days.
Mehracki will launch NFTs and reward them to the community based on their participation. The rarity of the NFT will represent how well participants perform in activities. It will also assist in giving holders different levels of responsibility in terms of decisions on the network. This increases functionality with the Mehracki network operating as a decentralised autonomous organisation (DAO).
Avalanche (AVAX), The Best Ethereum Alternative?
Avalanche is a Layer-1 blockchain with one of the fastest time-to-finality transaction rates of any smart contract platform using the proof-of-stake (PoS) consensus mechanism.
The network can scale up to 4,500 transactions per second and the transaction finality is less than 1 second.
Avalanche (AVAX) was founded in 2018 by Ava Labs, a software development organisation based in New York. Both Ava Labs and Avalanche were formed by computer scientist Emin Gün Sirer, a professor and distributed ledger technology specialist.
Avalanche AVAX is a natural alternative for crypto investors with an interest in the Ethereum network. The platform currently has almost the same number of daily transactions as there are on Ethereum. This is a good sign for investors as it signifies high volume and liquidity on the network. It also provides more success when withdrawing investments and realising profits.
Along with the scalability, Avalanche also has a high resistance to cyber-attacks. For investors, Avalanche represents an opportunity to buy a cryptocurrency that shares similar aspects to Ethereum but is a lot cheaper and earlier in its progress.
Many people speculate that soon there will be as many blockchains as there are countless software and infrastructures that run our internet browsers, mobile apps, and Wi-Fi networks. For this reason, Mehracki (MKI) and Avalanche (AVAX) could be a good investment if you want to get in early on a blockchain utility token with high potential.
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