The surge in the number of cryptocurrencies between 2016 and 2018 from just 69 to over 1500 can be attributed to the fast-evolving blockchain technology. The popularity of cryptocurrencies hit an all-time high after 2020 as the Covid-19 pandemic drove digital adoption. The use of blockchain technology has catalysed the financial services and financial ecosystem in the recent past.
With the rise of digital assets, traders now have the opportunity to select from a wide range of options when it comes to investing. From regular cryptocurrencies to non-fungible tokens (NFTs) and meme coins, there is no shortage of choices available. And with the potential for impressive returns, it’s no wonder that trading in digital assets is seen as one of the most promising options in the new normal.
If you are new to the world of cryptocurrencies, you may be wondering how to get started. One option is to invest in some of the top-performing digital assets. Here is a look at three of the most popular cryptocurrencies that have seen a strong growth in the recent months : Mehracki (MKI), Shiba Inu (SHIB), and Flow (FLOW).
Mehracki (MKI): The Revolutionary
The Mehracki network is a decentralized platform that allows for the exchange of digital assets. The platform has its own native token called MKI which is a new form of cryptocurrency that is designed to be used for online transactions with full security. Unlike traditional forms of currency, Mehracki tokens are not subject to inflation or fluctuations in value. Instead, they are backed by a basket of assets, including gold and silver. This makes Mehracki tokens a more stable form of currency that can be used for everyday transactions. In addition, MKI tokens can be easily converted into other forms of currency, making them ideal for international transactions.
To date, Mehracki tokens have been successfully used for a range of online transactions, including the purchase of goods and services. With their stability and ease of use, Mehracki tokens have the potential to revolutionize the way we conduct online transactions. MKI token is also unique because it uses a unique algorithm that allows users to earn rewards for participating in the network. There are various levels of participation and with each level, the users can earn exclusive discounts and rewards. This makes it an attractive investment for those who are looking to earn passive income. The token also has a distinctive way of marketing by collaborating with hospitality businesses and tourist centres and enabling the tourists to play at those places with MKI tokens.
Shiba Inu: Gain in Followers
Shiba Inu is a relatively new cryptocurrency launched in 2020, that has gained popularity due in part to its unique branding. The native token of the platform is SHIB which is said to be at its peak currently in terms of price predictions. The coin is named after the Shiba Inu breed of dog, and its logo features a cartoon Shiba Inu. One of the primary goals of the Shiba Inu team is to provide a more user-friendly alternative to Bitcoin. Thus, The coin was created as a reaction to the high fees and centralization of the Bitcoin network. Shiba Inu has a supply of 1 quadrillion coins, which is ten times the supply of Bitcoin.
To that end, Shiba Inu has a shorter block time and employs a proof-of-work algorithm that is designed to be ASIC-resistant. Additionally, Shiba Inu has no premine or founder’s reward, and all coins are distributed through a fair launch. The SHIB tokens traded on major cryptocurrency exchanges and has a market capitalization of over $6 billion. The coin is used primarily for tipping content creators on social media platforms such as Twitter and Reddit. While still early days for this project, Shiba Inu has the potential to become a major player in the cryptocurrency space.
Flow: New Milestones
Flow is a new digital asset designed to power the next generation of games, applications, and the Internet. Flow’s unique architecture enables developers to create decentralized applications that are reliably fast, scalable, and secure. And because the token is built on a blockchain, it provides users with a shared, immutable record of truth that cannot be tampered with. Flow is also designed to be developer-friendly, with an easy-to-use programming model and robust tooling. As a result, the Flow token has the potential to become the foundation for a new wave of innovation in the digital world. It also offers a variety of features such as smart contracts, atomic swaps, and token locking which make Flow an attractive option for both investors and developers.
In recent times, Flow declared that it has achieved several new landmark events in the month of June regarding scalability, community building and accessibility. The number of wallet holders on the Flow network reached an all-time monthly high recently. The number of users transacting daily also hit an all-time high on Flow in June. Even the number of total transactions marked in a month also recorded a new high.
The three cryptocurrencies that we’ve looked at today have all made a big impact in the crypto world and continue to be leaders in the industry. MKI, SHIB and FLOW are all worth keeping an eye on as they make their way to the top. To stay up-to-date on these currencies and others, be sure to check out our blog for the latest news and analysis.