Cryptocurrency is one of the largest and most lucrative digital finance markets today. The rate at which the market has evolved over a short period of time is considered taking into account the early stages of technological development. After the surprising success of Bitcoin, many new cryptocurrencies have emerged and also made efforts to gain prominence in the market, providing investors with unlimited opportunities to earn attractive returns.
If you are a new investor and want exposure to a new token with growth potential, Mehracki (MKI) is a relatively new cryptocurrency in the crypto space. Also, we will review Zcash (ZEC) and Klaytn (KLAY) to give you a brief idea of how Mehracki could compete with them.
Mehracki (MKI), the token with all the potential?
Built on the Solana blockchain, Mehracki (MKI) is a community driven meme piece that offers real usefulness to metaverse enthusiasts. In addition, the team plans to build an ecosystem and a voting platform for users through which they can make proposals and ideas regarding the growth of the platform.
The main objective of the platform is to offer holders fast, affordable and borderless transactions. This design is intended to promote the hospitality and tourism industry to people around the world. This striking feature should also create a sense of trust and transparency. Moreover, the coin also offers a 15% APY for staking for at least 30 days. Investors can look forward to their milestones in crypto investing as the platforms suggest rewarding users with NFT through their roadmaps. The coin is supported by secure smart contracts that facilitate users with nominal transaction fees.
Investors have access to Decentralized Autonomous Organization (DAO), Non-Fungible Token Trading (NFT), Yield Farming and Staking, benefiting from a wide range of opportunities within the DeFi ecosystem. Mehracki (MKI) will launch its NFT exchange allowing holders printing and trading opportunities. The token has not yet launched and is currently going through its pre-sale phase which is expected to end on August 22, 2022. The total supply is set at 100 billion and its starting price is $0.000056. If this project has sparked your interest, we suggest you follow the roadmap available on their site.
Zcash (ZEC), a cryptocurrency veteran!
Zcash (ZEC) is a decentralized cryptocurrency which uses zk-SNARK zero-knowledge proof technology. This mechanism prevents sensitive information from being revealed when network nodes verify transactions. However, this technology is not unique to the coin and is used by other cryptocurrencies.
The focus of the platform revolves around security and anonymity. Transactions work in the same order as crypto giants including Bitcoin and Ethereum. However, users have complained about its high inflation and slow transactions.
The team has announced plans to significantly upgrade the platform to provide users with a better experience on the platform. This upgrade should lead to a drastic increase in price action and it may be worth investing early to ensure exposure ahead of a period of growth.
What is Klaytn (KLAY)?
Launched in June 2019, Klaytn (KLAY) is known as an open-source public blockchain for metaverse enthusiasts. The project facilitates investors who aspire to build, work or play in the metaverse.
The Metaverse contains some of the best games and entertainment specially crafted by innovative and skilled artists and developers. Key coin features include AAA-grade Play-to-Earn games, metaverse-related use cases, new DeFiservices, and NFTs. However, this coin has also seen a significant decline in value over time.
Because cryptocurrencies, blockchain, DeFi, metaverse and NFT have grown exponentially, competing with them is a real challenge for new projects such as Mehracki (MKI). Although parts like Zcash (ZEC) and Klaytn (KLAY) promised great benefits, they also experienced shortcomings that could cause them to lose value over time.
But if we take an insight into the benefits and utilities of the project, MKI holds all the potential to transcend other cryptocurrencies. However, always keep in mind that a cryptocurrency is very volatile and changes in value over time. So, before making a decision, review their usefulness and make a wise decision.
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