It’s no secret anymore, inflation is skyrocketing, economies are overheating worldwide. In such an environment, it is more important than ever to accurately select your investments in order to maximise your returns and counter the destructive effects of inflation on your savings and hard-earned cash.
This article will cover two interesting projects which feature their native cryptocurrency and which could prove to be an effective hedge against the soaring inflation. The last project covered is currently in its presale and presents promising characteristics!
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is an attention-worthy project that has strangely been garnering a lot less attention than some of its flashier peers such as Solana (SOL), Avalanche (AVAX), or Fantom (FTM).
However, NEAR Protocol is just as, if not more promising than these projects, as its $7 billion-plus market cap and spot within the top 20 largest cryptocurrencies indicate.
NEAR Protocol leverages sharding, a strategy that consists in splitting a blockchain into several smaller and more manageable pieces known as “shards”. In turn, these shards contribute to a more efficient spreading of the data and transactions occurring on the network and are able to process these autonomously while always remaining accountable to the overall network.
Sharding is therefore an innovative strategy that allows blockchains to remain scalable and efficient, even as their user base grows importantly. Scalability remains indeed a major challenge, particularly for leading and over-congested networks such as Ethereum (ETH) or Bitcoin (BTC).
NEAR Protocol leverages a particularly competitive sharding called Nightshade, which enables its network to process up to a whopping 100,000 transactions per second (TPS), making it one of the fastest blockchains in existence by a clear mark.
Besides, the project’s native currency, NEAR, has a total supply capped at 1 billion tokens, making it a deflationary asset and an effective hedge against the current ultra-high inflation.
NEAR Protocol is therefore a project with a lot of potential that already experienced a strong growth phase but that likely still has remaining fuel for further growth, particularly when considering the performances experienced by some of its competitors such as Solana. An essential on any crypto investor’s watchlist!
The Sandbox (SAND)
The Sandbox (SAND) is one of the leading projects in the metaverse and play-to-earn (P2E) space, along with Decentraland (MANA) or Axis Infinity (AXS).
Just like Decentraland, The Sandbox developed an Ethereum-based metaverse (i.e. virtual world) where users can use the ecosystem’s native utility token, SAND, to purchase and trade virtual parcels of land and other virtual items such as avatars, outfits, equipment, and so on…
The Sandbox universe also contains a wide range of other fun activities and games in which users can participate, just like a normal video game. The only difference is that The Sandbox enables users to generate actual returns from playing within its universe, making a great way to generate side income while playing games!
The Sandbox quickly became one of the most popular metaverses along with Decentraland, with many well-known companies and celebrities deciding to purchase blockchain-based parcels of land to create virtual stores, digital offices, or just as a collectible for themselves.
The Sandbox metaverse is made up of 166,464 “LANDs”, each of them being actually an NFT whose ownership is publicly recorded and secured on the Ethereum blockchain.
These NFT-based parcels can be purchased directly on The Sandbox platform or bought second-hand on NFT marketplaces such as OpenSea – they are often more expensive there due to their rarity and popularity.
Investing in a Sandbox LAND or holding some SAND tokens can be another great way to protect yourself from inflation due to these assets’ limited supply and their great popularity.
The metaverse is currently in full expansion phase and will surely play an interesting role in the future; it could be wise to get some exposure to it!
Pre-sale of the emerging Mushe (XMU) utility token, XMU, is now live.
Mushe is a developing payment protocol and as such, is working on an ecosystem that would support both crypto and fiat currency transactions. Were that initiative to bear fruit, Mushe could potentially coexist with payment solution giants such as Stripe of Checkout.com, currently working on their own crypto-payment solutions.
Based on the information provided in its whitepaper, Mushe aims to build a blockchain-based platform that would enable users to conduct ultrafast transactions worldwide in both fiat and cryptocurrency, and for minimal costs.
With this objective in mind, Mushe developed a line of interconnected products, including Mushe Wallet, a built-in crypto wallet, and Mushe Swap, a native decentralised exchange (DEX).
Nevertheless, Mushe’s bellwether product will be MusheVerse, which will consist of a digital platform fully devoted to banking and e-commerce activities. With MusheVerse, users will be able to send and receive funds instantaneously from anywhere and access personalised services such as investment planning, personal finances, online banking, and more.
Currently in the first phase of its presale, XMU can be acquired for around $0.027 for the next 15 days, after which the presale will move forward to phase 2. The Mushe team expects to have XMU publicly listed by July 4th 2022, and mentioned a target listing price of $0.50 – let’s see if they achieve it!
Learn more about Mushe: