A time-tested method to make millions through cryptocurrency returns is to identify a couple of good tokens and increase the holdings over a long period of time. The dollar-cost averaging method is known to deliver millions to investors, and you can also benefit by accumulating huge quantities of a small-cap token such as Mushe (XMU).
However, since it is not wise to invest in a single instrument, we have also identified two other cryptocurrencies, including a small-cap and a mid-cap token that could yield a balanced portfolio and fulfil your future financial requirements. Polkadot (DOT) and Shiba Inu (SHIB) are these two cryptocurrencies. The Mushe Token is a new cryptocurrency that has been recently launched and can be bought via a presale. Let’s find out more about these three tokens and why they are great choices for an overall balanced portfolio.
Mesaari report highlights 127.8 million DOT bonded through parachains
A Messari report has highlighted that 127.8 million DOT tokens have been staked through parachain auctions. 13 parachains managed to win Polkadot auctions representing 11% of the total supply that is worth $2.9 billion. This displays the strong faith upcoming project developers have in the Polkadot ecosystem.
Twenty-eight more parachain auctions are still awaiting until February 2023. Polkadot has seen some of the strongest developer activity with many significant developments since the launch of these parachains. The DOT ecosystem is one of the strongest networks in terms of interoperability and the token has seen a considerable increase in price as the project becomes more advanced and supports more networks. Many users have backed DOT for the two year Lease period in support of these parachains. DOT was trading at $13.34 at the time of writing.
Shiba Inu burn portal removes 25 billion Shiba Inu
The recently launched Shiba burn portal has managed to remove a record 25 billion SHIB Tokens from circulation. The Shiba community has come up with an exciting new feature in the form of a burn portal that will help in removing coins from circulation and will reward users for burning their tokens. The SHIB army has been actively encouraging users across social media channels to bring down the supply in order to create scarcity and help in a price spike.
Shiba Inu is the second most popular meme token after Dogecoin. It has managed to establish a strong following of users on social media, but the large supply of SHIB has been a detrimental factor that has resulted in the price remaining low. The SHIB Token was trading at $0.00001855 at the time of writing.
Musheverse could provide a challenge to established players
Mushe Token is an upcoming cryptocurrency that will help users in purchasing land and property inside a metaverse empire. It will also be used inside a play to earn gaming ecosystem where users will be able to purchase property and trade it for monetary benefits in the future. The ecosystem also plans to establish a complete banking and financial system utilising its metaverse, and this could be a promising prospect for the Mushe Token in the near future.
The Mushe Token token will be used as a payment cryptocurrency inside the network of services that the team is trying to build. The XMU Token is currently being offered through a presale and you can buy it here.
Rather than concentrating on just one sector, the Mushe team has chosen to go diverse and will establish a system comprising of an NFT marketplace, a metaverse empire, a native wallet and a chat feature. This will allow users to not only trade the token from the convenience of a wallet app but also message other users inside the metaverse and get access to a host of services on a single platform.
Find out more about the Mushe Token through the links shared below. Always invest periodically rather than buying in a single transaction and diversify for reducing risk.