Three Cryptos to Keep an Eye on This Month: Mushe (XMU), DogeCoin (DOGE) and Shiba Inu (SHIB)

June is typically the best month for the crypto flock to make a bank trading their favourite coins. Alas, we are experiencing a bit of a hick-up with the market this summer. After reaching ATM in November of 2021 (a staggering $3 trillion), it crashed to $893.86 billion at the time of writing.

Despite the general sentiment among investors that the crypto winter could last longer than before, there are still a handful of projects that will prevail against all odds. 3 cryptos that one should look into this month are Mushe (XMU), DogeCoin (DOGE), and Shiba Inu (SHIB), which, contrary to existing public paranoia, will lead us to a better future.

Choose Mushe (XMU) or it Will Be Too Late

Mushe (XMU) is an aspiring project aiming to revolutionise the industry through a unique two-folded development strategy: a globally accessed, easily-to-navigate platform that operates across different protocols and blockchains. Since Mushe (XMU) devotes particular attention to an enhanced UX, the seamless integration of this platform enables users to conduct all sorts of financial and business affairs without being lost among the superfluous features and complicated cross-chain interactions.

In order to ensure the liquidity of the platform’s exchange and a harmonious UX, the Mushe project introduced the platform’s decentralised native token XMU. It is a multi-verse token interoperable across fiat and Metaverse markets, which can be easily accessed to manage crypto and fiat currency through a Mushe Wallet solution. XMU truly encapsulates the next-generation token, which can be equally used to facilitate peer-to-peer interaction, earn rewards, and allow its holders to vote on Mushe’s subsequent development.

Currently, XMU is built on the Ethereum blockchain; however, it will migrate over to Stellars open network. The Stellars network is a widely-acclaimed blockchain for low transaction costs and financial inclusion for the under-banked population. It is also a perfect network to build numerous DeFi applications on top of it, which is an integral part of Mushe’s broader strategy.

The time to purchase the Mushe (XMU) token at an attractive price of $0.005 per coin is limited because the presale stage will expire in less than a month, on the 3rd of July 2022. Typically, the price of tokens goes up after the presale, so be among the flock who made a prompt purchase.

Why DogeCoin (DOGE) and Shiba Inu (SHIB) Will Make a Comeback

Few will argue with the fact that Shiba Inu (SHIB) and Dogecoin (DOGE) are the crypto market’s two most prominent “meme coins.” And who would have thought that despite the current market crash, both coins skyrocketed yesterday? It is hard to believe, but Shiba Inu (SHIB) was up 28.2% in the past 24 hours, while Dogecoin jumped by over 13%. And as always with these cute meme coins, Elon Musk’s comments triggered their upward movement after he spoke yesterday at Qatar Economic Forum in Doha, where he once again reiterated his support for DOGE.

Dogecoin (DOGE) was initially designed in 2013 as a joke because its creators thought the world of cryptocurrencies was too serious and wanted to dilute it with some levity. Since then, it has become a decentralised, peer-to-peer digital currency, enabling its users to send money online quickly, and rightly claimed the place of “the internet currency.”

On the other hand, Shiba Inu (SHIB), a coin which entered the scene in 2021 as an experiment to promote decentralised spontaneous community building. SHIB is an Ethereum-based token based on the same Shiba Inu meme as Dogecoin. And like DOGE, the token has become a highly speculative asset that has generated significant returns for its early investors.

Looking Ahead

Although no one knows exactly why Elon Musk, the world’s richest man known for his wacky tweets, started posting memes about DogeCoin (DOGE), thus de facto supporting it on social media in 2020. Since then, it has developed into a cult following, and with each subsequent tweet, the prices of DogeCoin (DOGE) and Shiba Inu (SHIB) soared every time.

Taking this at face value, along with Mushe’s presale that will end soon, 3 aforementioned cryptos should be a no-brainer for anyone who wants to capitalise on the spiking prices in the short run. Don’t fear the bear market; embrace it, and let Elon Musk and volatility take care of the rest.

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.


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