The larger cryptocurrencies such as Bitcoin (BTC) have been recently falling, whereas others such as Dogecoin (DOGE) and Mushe (XMU) have shown a significant rise, is this the time to reconsider where exactly to invest？
Bitcoin (BTC)
Bitcoin (BTC) is the largest cryptocurrency, yet as of the time of writing, Bitcoin is down by -1.29%. With various cryptocurrencies falling in recent days, with BTC being one of the major ones in the market, you may want to consider where youre investing right now.
Compared to when Bitcoin was at its peak last year, it has lost approximately 40%, similar to other major cryptocurrencies.
Dogecoin (DOGE)
Since Elon Musk broke the news that he‘s buying out Twitter for $44 billion, there was a noticeable change in the price of Dogecoin (DOGE) as it increased by 14%. As Musk publicly promotes DOGE on his social media, there were immediate effects. Days after the announcement of Musk’s Twitter takeover, the price of Dogecoin continued to rise.
Musk has always supported DOGE; once tweeting that Tesla would start accepting Dogecoin as payment, which resulted in an immediate jump in the price of DOGE, given that this is the only cryptocurrency Tesla accepts as payment. As someone who is one of the biggest buyers in the crypto market, with Tesla investing $1.5 billion, Musk has a significant influence within the crypto space.
Mushe (XMU)
However, DOGE wasn‘t the only one to have an increase in price as Mushe (XMU) also saw a rise in price. As they’re currently in pre-sale, there has been a significant increase as it has risen from the initial $0.005 in April to the current $0.022. Mushe is set to launch on July 4th 2022, in which the price is expected to rise further.
Mushe has clearly stated that they aim to encourage blockchain adoption by increasing the accessibility of digital assets for the everyday person. Focussing on creating a social impact by educating the public on digital currencies and financial management, there are a lot of positives that come with investing in Mushe.
There are various similarities between DOGE and XMU as they are both decentralised, allowing individuals financial freedom without any paperwork, or having a third party involved. Not only can you do most things banks can do, such as borrowing, lending, and earning interest, but it is also faster and more flexible.
The main benefits of the Mushe ecosystem include; allowing investors to buy and exchange crypto coins, allowing individuals to socialise, play and earn in their Metaverse ecosystem, and having a social platform called Mushe Chat which forbids third parties from accessing any personal information of investors. These are key points to consider when deciding where to invest as XMU has a lot of benefits that others dont.
At a time when we are seeing the more known cryptocurrencies such as Bitcoin fall, is this the right time to start investing in the Mushe pre-sale instead？ If youre thinking about investing, think fast as the price of XMU is only going to rise.
