Celebrities May Love Mushe Token (XMU) – Will Kadena (KDA) and Stellar (XLM) Offer the Same Value?

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The post Celebrities May Love Mushe Token (XMU) – Will Kadena (KDA) and Stellar (XLM) Offer the Same Value? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

A new social network is on the rise! Mushe Token (XMU) will feature in MusheVerse’s social network, Mushe Chat, much to the interest of digital savvy users. Hopefully, it expands the network to feature a broader social interaction; this could be a win-win for the project and the crypto community.

Celebrities may happily use Mushe Token (XMU) following an increased interest in the Mushe Chat, and this could push the price of XMU soaring. But can Kadena (KDA) and Stellar (XLM) follow the same framework to soar following the general crypto crash? Let’s find out below.

Kadena (KDA) is Pumping Despite Bitcoin Falling to Below $22k

Bitcoin (BTC) appears to be the template for many DeFi tokens and altcoins — whenever it falls, these cryptocurrencies have no other option but to fall. But Kadena (KDA) seems to be doing the exact opposite.

In the early weeks of June 2022, KDA soared above $2 but fell gradually by about 33%. Later in June, while Bitcoin (BTC) fell below $22k from $31k, Kadena soared over $1.7 at the time, becoming an exception to the BTC followership rule.

Many altcoins have done so in the past, which doesn’t look like a big deal. Our focus should be on Kadena’s propositions and desire to drive the price of its utility token higher in the future.

Kadena is a layer 1 and layer 2 blockchain infrastructure that claims to offer a one-stop decentralised framework for DeFi developments. It combines layer 1 and 2 chain protocols to facilitate scalability and tighter security on its products and features.

KDA is the protocol’s native and energy token used for gas and transactional purposes. Kadena has supported many DeFi and Web3 projects, launching a $100 million grant fund in April 2022 to support early developers and builders on its blockchain.

The more projects Kadena supports, the more liquidity and value it attracts to its protocol and native token, KDA.

Stellar (XLM) to Power More Smart Money Cryptos

Stellar is a well-known blockchain network specially made for smart money projects. The same offering by Ripple. However, Stellar is open source, giving room for community contributions.

Through the XLM token, Stellar powers a wide range of projects and protocols, including DEXs, point-of-sale (POS) services, and so forth. The token serves as a validatory avenue for non-validators and compensations for validators.

Stellar’s native token, XLM, has been one of the major talks of the crypto space alongside rivals Ripple (XRP) and Monero (XMR). It has also gained investors traction because of its low unit price, whereby you could purchase a large amount of XLM tokens for less than $100 and stand a chance of earning over 40x your capital when it crosses half a dollar.

Stellar also actively partners with many DeFi institutions and projects to turn more heads towards its native token, XLM, thereby driving higher value the more investors hold XLM.

Mushe Token (XMU) – A Token With Huge Potential

Mushe Token (XMU) is a new cryptocurrency to be used as the primary smart money in the MusheVerse. It offers users the platform to spend or make more money. Users may choose to sell in-game assets and receive payments in XMU or use the token to buy these digital items as collectables or NFTs.

The MusheVerse will feature many products and features, those still in view and those not. The platform will, in the future, migrate from being just on the Ethereum network to other blockchain options like Solana (SOL) and Stellar (XLM). This move will attract more users to the protocol.

The Mushe ecosystem will apply Stellar in areas where its token will be used as a POS or smart money and Solana will help drive faster transactions on the protocol. Remember that Solana has a higher throughput size than Ethereum; this is what Mushe looks to leverage for its protocol.

Join the MusheVerse through an ongoing presale using the links below: