If you’ve been in the crypto market for some time, you’ll know that hype is everything in this ecosystem. You see, most price pumps in top-rated coins come after many people have continuously discussed the coin. Crypto hype is noticeable from discussions on social media and online forums. After discovering that there’s hype around a coin, the next thing to do is find out why. A positive reason will result in a price pump, while a negative one will be detrimental to price action.
Recently, it’s been discovered that many people are talking about Binance Coin, Decentraland, and Moshnake. Considering the imminent bull season, it makes sense to find out why people are talking about these coins. And that’s what this piece is all about.
Binance Coin (BNB) Brings Crypto Users Together
Every well-meaning cryptocurrency trader should critically look at Binance Coin. This cryptocurrency has been one of the fastest-rising alternatives in the coin market. And there are several reasons for this.
The first thing to note is that the Binance coin is tied to the popular Binance crypto exchange. Binance is home to millions of crypto traders and has enforced a rule that ensures transaction fees are paid in BNB. Therefore, all the users on its platform must have some BNB in their wallets. Chances are that as the Binance exchange keeps growing, so will BNB.
Before now, this cryptocurrency was hosted on the Ethereum blockchain. Today, Binance Coin is found on its decentralised protocol – Binance Smart Chain. This chain is fast and allows transactions to be processed at affordable rates. Also, the Binance coin is designed to burn certain amounts after a specific duration. By doing so, the overall number of coins in circulation will drop and force the price higher.
Despite being one of the world’s biggest coins, many people expect plenty of things from this cryptocurrency.
Decentraland (MANA) Makes The Metaverse A Reality
Another coin with plenty of hype around it is Decentraland. But why are people talking about Decentraland? Well, this crypto coin is based on the metaverse, and many people are interested in being a part of this new virtual world.
Simply, Decentraland is a platform that allows users to purchase plots of land in the digital world. Imagine being able to buy virtual plots and develop them just as you would in real life. To purchase digital plots of land, you’ll need to spend MANA.
Users will also spend MANA to develop their land and purchase in-game items. LAND is the cryptographic representation of the virtual plots available to users. Decentraland promises to be a blockchain-based universe that will introduce new levels of interaction.
While its concept may be quite foreign, Decentraland is quite common today. You can purchase MANA tokens on most of the top crypto exchange platforms. As more people anticipate changes and upgrades to the metaverse, they cannot help but discuss the potential growth this cryptocurrency will enjoy. It’s something to look forward to.
Moshnake (MSH) Slithers Towards Success
Moshnake had also gained plenty of hype in the last few months leading to its release. Many crypto enthusiasts are thrilled by how a coin will offer so many benefits. As a play-to-earn decentralised protocol, users will earn more from every minute they participate in the project.
Moshnake is designed to be a snake game where users earn from caring for their virtual pet and competing against others. You’ll need to buy a virtual snake to sign up. Then, feed your snake and finish as high as possible in the battle royale.
MSH is the token of this protocol and can be swapped on crypto exchanges. There’s another token on the protocol VEN. Players can use it to recharge the survival hours of their snake. More survival hours means you can compete and earn for longer.
Learn more about MSH token at the links below:
Presale: https://www.moshnake.io/how-to-buy
Website: http://moshnake.io