Crypto Today: Can Beast (MXCH) and ApeCoin (APE) Rise?
July 12, 2022
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The cryptocurrency market has grown significantly in recent years, but it’s the gaming part of the cryptosphere that’s captivating everyone. Gaming has been a source of entertainment for
The cryptocurrency market has grown significantly in recent years, but it’s the gaming part of the cryptosphere that’s captivating everyone.
Gaming has been a source of entertainment for many people, but it has also become a source of income, and cryptocurrency enthusiasts do not miss this opportunity.
Once you get into the crypto world, there are many investment options and profitable assets you can acquire like NFTs, meme tokens, and more.
Is the Shiba Inu (SHIB) the most profitable meme coin?
Since its launch in 2020, Shiba Inu has been one of the most successful meme tokens on the market, considering it was originally created as an “experiment to create decentralized spontaneous communities.”
The SHIB token is known as the “Dogecoin killer” on social media and cryptocurrency forums.
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This is not only due to the popularity of the Elon Musk-approved token, but also because it is part of the Shiba-Inu-themed family of tokens.
The Shiba Inu ecosystem has a variety of assets available to acquire. The main asset of the network is the highly profitable SHIB token, which achieved a growth rate of 49,000,000% in 2021, surpassing Dogecoin’s growth of 3,100%.
It also allows token holders to buy, sell and exchange their tokens on the platform. The Shiba Inu ecosystem is decentralized and has more than 58,500 members.
ApeCoin (APE) survives bear market
Launched in 2022, ApeCoin is making headlines for its popularity. Investors expected the coin to be successful in the market as it is another project developed by Bored Ape Yacht Club.
Although we have entered a crypto winter, market analysts expect the value of the APE token to continue to rise as it capitalizes on the popularity of Apecoin NFT, the third most valuable NFT project in the market.
However, the main asset of the platform is the APE token. This coin managed to rise more than 1,000% in the first few hours of its launch.
The token is showing signs of recovery during the current bear market, despite the market crash and witnessing a 65% drop. Last week, ApeCoin managed to rise around 35%.
Cryptocurrencies: Xchange Monster (MXCH) still in pre-sale stage
Xchange Monster is new to the cryptosphere and is currently on pre-sale, giving buyers the opportunity to purchase the token before it is priced in the market.
The platform has impressed GameFi enthusiasts as Xchange Monster promises to bring revolutionary features to the gaming industry and give gamers more power and control over their gaming experience.
Xchange Monster not only lets you earn money within the metaverse while entertaining yourself, but also includes in-game assets such as NFTs and tokens that can be purchased.
This includes the MXCH token, which is the token that governs the platform. The coin is available for purchase now and will sell for $0.45 before rising to $0.5425 in a private sale. When the public ICO begins, the MXCH token will be sold at $0.6750 per coin.
If you want to survive the crypto winter while freeing yourself from the overwhelming pressure of keeping up with the market, you can invest in tokens that are known to perform well in these conditions, such as SHIB and APE.
Another way to avoid extensive and continuous market analysis is to buy untraded tokens such as the MXCH token.
To participate in the Xchange Monster pre-sale, enter here.
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Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.