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Crypto News Flash: XRP and Moshnake Are Two Altcoins to Put on Your Watchlist

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The bear market holds uncertain times for many projects in the crypto ecosystem. Nonetheless, many winners are made in this market. If you are keen on finding good projects, then keep your eyes on the news and also on the project’s utility. The news plays a role in driving sentiments in the marketplace. For those looking for projects to invest in against the next bull run, keep reading. In this piece, we’ll be introducing two projects that should definitely be on your watch list.

XRP (XRP)

XRP is a project with a long history. It has had many updates, product structure, and name changes. With these, many people often confuse some things about XRP. To make things clear, it is good to know that XRP is the cryptocurrency of the Ripple company. But Ripple was not always known as Ripple. It was originally called Opencoin.

The Ripple company’s primary project is the XRP ledger. XRP ledger works like Bitcoin. It is a system that allows users to send and receive payments seamlessly. On the XRP ledger, users can use private and public keys to facilitate payments. However, it uses a different technology from Bitcoin. Its technology drove conversation around blockchain architecture and brought more innovations.

How does XRP ledger architecture work? It is not a fork on Bitcoin, as many would claim. It is unique. It implements unique nodes to verify transactions. The verification process also does not require mining or any complex procedures.

It is also essential to know that the XRP ledger is not the only product of the Ripple company. They have xRapid, xVia, and xCurrent. These projects utilize either the XRP token or the XRP ledger. So, the Ripple ecosystem is interlocked. In fact, the company has united all three products into RippleNet.

Recently, there may be positive news in the camp of the Ripple company as the over two years court case with the SEC looks like it is drawing to a close. Why we can not say what the results would be. It is best to watch what this news will bring to the XRP token.

Moshnake (MSH)

Moshnake is a new NFT game that is promising exciting new features for gamers. Moshnake is built on blockchain technology and shares similar characteristics with the classic snake game. Like snake game, players can move to secure eggs that will make them grow bigger. How does the game work?

Players will use snake NFTs to compete in the Battle Royal arena while searching for gems. They search for gems like surprise crates, eggs, or even the Moshnake tokens. These rewards make the game exciting. Keep in mind that players have to avoid getting attacked by other snakes.

In the arena, there are different forms of snakes. Players can get any of Cobra, Krait, Viper, or Mamba. These snakes are distinguished by their characteristics, which makes them receive varying rewards in the arena. However, a player will not succeed only because of their snake characteristics. Skills and tactics are also necessary.

Before gamers can access the game, they will need to purchase the Venom token (VEN). VEN is the in-game asset. Aside from the entrance fee, VEN can also be used to revive snakes that have zeroed on their energy.

Unlike VEN, the MSH token is the native token of the game. This token will be used to purchase VEN and the snake NFTs. Players also earn MSH. Invariably, MSH may be said to be more valuable than VEN. So, investors can consider looking into MSH.

Another good way to earn from the game is from the snake NFTs. Like other NFT games, players can trade their NFT assets in the marketplace for rewards. So, gamers can also breed their snakes for sale. The team also mentioned that players could hatch eggs into snakes. Although no marketplace has been announced, it is still worth looking into.

 

Find out more about MSH:

Website: https://moshnake.io

Telegram: https://t.me/MoshnakeOfficial

Twitter: https://twitter.com/moshnakeToken

Crypto News Today: Here’s Why You Watch Out For Solana, Elrond, and Moshnake Before The End of 2022

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Unexpected price moves characterize the cryptocurrency market. You see, a cryptocurrency could move from a value of $10 – $50 in a matter of hours or days. These price explosions are often present in cryptocurrencies with high growth potential.

Solana, Elrond, and Moshnake are popular crypto coins with one thing in common – high growth potential. Therefore, it’d make sense for any crypto trader to keep a close eye on these coins before the end of the year. This piece will reveal why you should watch out for Solana, Elrond, and Moshnake before the end of 2022.

Solana (SOL)

Before the 2022 crypto crash, Solana was well on its way to catching up to some of Ethereum’s landmarks. While it has lost steam due to the massive price dips in the crypto space, there’s still plenty of hype around Solana. It’s considered to be an alternative to Ethereum. Recently, Ethereum upgraded its network with ‘The Merge.’ But Solana’s ability to process 65,000 transactions per second is more impressive than anything you’ll ever find out there.

Solana is hosted on a proof-of-stake mechanism, and a liquidity pool protects all its transactions. Users are responsible for contributing their assets to this liquidity pool. Anyone who stakes on the Solana blockchain will earn SOL as a reward. SOL also serves as the transaction fee on this platform. Many crypto analysts have touted Solana as the next big altcoin to break the status quo in the coin market. While there’s still a long way to go, Solana is set to pick up steam before the end of 2022.

Elrond (EGLD)

Simply put, Elrond is an internet-scale blockchain. Elrond was launched in 2022, and its main focus has been to provide unmatched scalability across the coin market. Elrond can support distributed apps and enterprises. It also offers developer support and optimal operational efficiency. Due to its impressive architecture, Elrond can process up to 15,000 transactions per second.

Elrond can achieve its efficiency by operating on a proof-of-stake blockchain. It also adopts sharding technology to process transactions faster. With sharding tech, it will be difficult for the network to become congested. This project also runs on Boneh–Lynn–Shacham (BLS) multi-signature technology. The development team of this token has left no stone unturned in creating a special token. Elrond can be traded as EGLD on numerous crypto exchanges. There will be a total supply of 31.4 million EGLD tokens.

Moshnake (MSH)

Many experts consider Moshnake as a coin with plenty of potential due to the level of impact it’s set to take on the crypto space. This play-2-earn NFT game would introduce several unique elements that have never been seen in the crypto space. Yes, there have been play-2-earn blockchain games before now. However, Moshnake is interested in raising the bar. So, what’s exactly special about Moshnake?

To start with, Moshnake will help you own an NFT. Unlike other blockchain-based games that only allow you to purchase in-game items, Moshnake will let you buy an NFT (in the form of a virtual snake) and improve it.  Next, you’ll earn from all your activities on Moshnake. Whether feeding your virtual pet or competing in a battle royale, you’ll make money for participating. You’d also be interested to know that there are a limited number of snakes up for sale on Moshnake. After this, users will be responsible for hatching eggs and creating more snakes. This ecosystem is impressive because it’s a system that always gives. If you wish to jump on the Moshnake bandwagon, you can sign up for the presale.

 

Find out more:

Website: https://moshnake.io

Telegram: https://t.me/MoshnakeOfficial

Twitter: https://twitter.com/moshnakeToken

Three Cryptos for potentially Giant Gains in 2022: Rocketize Token, Avalanche, and Compound  

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If you are looking for interesting tokens in the cryptocurrency market that could potentially provide giant gains in the medium to long term, then start by researching the three coins shortlisted by our experts. The three coins are: Rocketize Token (JATO), Avalanche (AVAX), and Compound (COMP).

While Rocketize Token (JATO) focuses on the decentralized finance (DeFi) industry, Avalanche is a layer 1 solution with high-speed transactions and low costs. Compound targets the lending sectors and makes it easy for users to get access to DeFi tools. Together, these three cryptocurrencies could potentially provide high returns in the future. Read on to learn more about the utilities and roadmap of these tokens.

Rocketize will bring about many innovations for the DeFi space

Rocketize Token (JATO) is a new project that aims to simplify the DeFi sector. The platform will utilize a native cryptocurrency known as the JATO token. The JATO token will be available for purchase on presale.

Traditional finance suffers from many shortcomings such as high collateral requirements and low-interest rates. Rocketize will revolutionize the DeFi space by targeting retail clients through its active meme community, known as Atomic Nation. The advantage of using meme communities is that it can build a huge interest in a new cryptocurrency in a short period of time.

Currently, the presale period is offering attractive bonus options for early buyers. Purchases through the Solana (SOL) token will offer a bonus of 10% while using Shiba Inu (SHIB) tokens will provide a bonus of 15%. An additional bonus of 8%, 7%, and 4% will be applied during the first, second, and third stage of the presale.

The JATO token will help users in getting access to easy loans through the collateral mechanism. The token will also employ staking and liquidity mining for providing a source of passive income to its holders. What’s more, the users of JATO will earn a passive income through a redistribution mechanism that is built into the transaction tax. The token also has a burn mechanism that will provide deflationary pressure for the coin and ensure its long-term growth.

1% of all transactions will be burnt and the remaining 1% of the transaction tax will be redistributed to the wallets of each holder. Holders of the JATO token will get voting powers and will be able to decide the future roadmap of the ecosystem as the site is based on a DAO model.

$45M worth of BTC bridged to Avalanche

Avalanche is a layer 1 solution known for its high speed and very low costs. The network is powered by a native token known as AVAX. The Avalanche ecosystem is working towards implementing interoperability and bridge solutions between different networks. As part of its commitment, it provided an Avalanche bridge for easy transfer of tokens between the Bitcoin and Avalanche network. It recently announced that $45M worth of BTC has been bridged via this utility. The AVAX Token remains a hot favorite among crypto experts and can be considered for the long term.

Hi.com adds support for the Compound Token

Compound is a DeFi protocol powered by a native token known as COMP. It helps users to earn attractive yields by depositing their tokens in pools supported by the protocol. The COMP token is used for governance purposes and holders can submit proposals and vote to decide the future of the platform. As per reports, Hi.com, a cryptocurrency exchange, has decided to list the Compound token. It could lead to a potential short-term rally for the COMP token in the future.

The three cryptocurrencies described above have great use cases and are solving issues that have been plaguing the financial industry for a long time. All three tokens can be added through the dollar-cost averaging method to potentially ensure huge returns in the future. Diversify your assets in order to reduce risk.

 

To find out more about Rocketize Token (JATO), visit the links below:

 Presale: http://rocket.rocketize.io/

Website: http://rocketize.io/

Telegram: https://t.me/RocketizeTokenOfficial

Axie Infinity And Moshnake On BNB Chain Would Be Doing More For The Gaming Ecosystem Than Any Technology In The Past

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Axie Infinity(AXIE) and Moshnake(MSH) are two games cut from the same cloth. Both games could do more for the whole gaming ecosystem than any other revolutionary tech it has experienced in the past. Technology has done a lot for video games in the last several years, and the ecosystem has improved with every new advancement it can adopt.

From the time of 3D graphics improving the visual experience of gamers to the use of the internet in connecting to other gamers and interacting, gaming has come a long way, and blockchain games like Moshnake and Axie Infinity seem like revolutionary advancements for the ecosystem.

The primary thing blockchain is known for is decentralization which in turn gives back the power or funds to the users which would have otherwise gone to the central authority on the system. Another tech that has contributed immensely to the growth of the gaming industry is live streaming. Since the emergence of the tech, gamers have taken to live streaming platforms like Twitch to live stream themselves while playing their favorite video games.

However, blockchain gaming introduces something more rewarding than anything from the past. Blockchain gaming uses blockchain tech to process and manage in-game activities and assets such that those assets can become tradable and be moved out of the game if necessary.

To Infinity And Beyond – Axie Infinity(AXIE)

Axie Infinity(AXIE) is the leading blockchain game and has been around since 2018. Axie Infinity is an online game around a Pokemon-style creature called Axies. These axies serve as virtual pets or cute monsters in the game, which players battle against each other for prizes. Players have a higher chance of winning battles and earning prizes if they enhance their Axies and give them various powers. Axie Infinity blew up in June 2021, allowing some users to make money, and in just 30 days, it produced sales of around $780 million.

Axie Infinity easily integrates online gaming with blockchain tech, and it sets it apart from other online games. The Ethereum-based game uses a framework that lets players control their virtual assets and pays them for mastering more difficult game levels.

Although the ethereum blockchain is recognized as incapable of running a game because of its scalability issues, Axie Infinity was run on the network via a sidechain called Ronin, which allowed users to process transactions at a quicker speed and lower fees.

Snakes Eyes — Moshnake(MSH)

Moshnake(MSH) is a new play-to-earn blockchain game in the style of games like Axie Infinity. The new game on the BNB Smart Chain looks quite promising as a top game when it launches because of the potential it poses for adoption. The game was derived from classic snake games available on Nokia phones several years ago.

The game takes a more refined version and has various gameplay modes that feature a battle royale gaming mode where multiple players can play anonymously online and battle for MSH tokens, NFTs, and other in-game assets. You may enhance the potential profitability of your Moshnake NFT by developing or evolving it. Your chances of winning and making money increase as the snake grows longer and you spend more time in the arena. Experienced players would be able to quickly turn this into a means to make some money while having fun.

The new game on the BNB chain would have the opportunity to break into the market, unlike any other blockchain game, because it refines a very popular game that could get players back to playing for nostalgia reasons instead of just the value it provides.

Moshnake Token(MSH) is currently on presale, and with the potential it poses to users, it could be one of the smartest earliest buys you’d see in the cryptocurrency market.

Moshnake

Website: https://moshnake.io

Telegram: https://t.me/MoshnakeOfficial

Twitter: https://twitter.com/moshnakeToken

Tech Talent Shortage Threatens Financial Inclusion, Innovation In Nigeria

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The mass exodus of tech talent in Nigeria who are aggressively migrating to Europe and other parts of the world has posed a lot of challenges to few industries in the country, most especially the banking industry.

Enticed with mouth-watering offers, competitive salaries, and incentives, these tech talents do not hesitate to tender their resignation letter to their employers to migrate to another country or industry.

Analysts recently disclose that the mass resignation of tech talents in banks in the country has created gaps in the efficient running of mobile banking services which poses a threat to Nigeria’s financial inclusion drive, digital innovation, and the growth of fintechs.

According to the managing director/chief business officer at Optimus by Afrinvest Limited, Ayodeji Ebo, while commenting on the exodus of tech talent, he said;

It is going to affect the case of innovation in the financial services sector because the focus will now be on stabilizing current platforms.

“It would affect the confidence of customers using the platforms because of the increased failed transactions”.

Also during a post-Bankers’ Committee meeting press briefing held in April, chief executive officer at Sterling Bank Plc, Abubakar Suleiman lamented on how the banking industry had been hit by the great resignation.

He complained that many of the experienced tech talents in the industry, especially in the area of software engineering, are either leaving the industry or leaving the country.

Most banks in Nigeria have witnessed a high-level exit of tech talents, which has seen the digital banking services, USSD, and money transfers come under severe strain in recent times.

In June this year, it was reported that customers stormed several banks in the country to make complaints about the challenges they were facing with transaction issues. These complaints were centered majorly on network problems and bank transfer issues.

So many issues have been attributed to what has spurred the exodus of tech talents from Nigeria, such as the rising inflation, unemployment, Poor infrastructure, and constant devaluation of the naira against the dollar as these talents seek foreign employers to earn in dollars as a hedge against inflation and devaluation.

It was earlier reported on Tekedia that some banks have adjusted the education criteria for their recruitment process in a bid to cope with the skills gap.

To curb the exit of top tech talents from Nigerian banks, the chartered institute of bankers of Nigeria had earlier disclosed that to cover up for these vacant positions, they will drive the process of training individuals with the necessary skills in areas where there are deficits.

They further stated their plans to fund training for new tech-focused staffers to fill in vacant positions of those who have left.