Coins to Watch Out For This Summer: Ethereum (ETH), Mehracki (MKI), and Solana (SOL)
The crypto crash has affected the market heavily. Many cryptocurrencies experienced drops of over 20% according to CoinMarketCap. However, this has been overshadowed by the crypto market’s remarkable resilience. Coins like Solana (SOL) and Ethereum (ETH) have seen huge jumps in value over the weekend, leading investors to ‘buy the dip’. A new meme coin, Mehracki (MKI), looks to shake up the crypto space with its innovative features and feel-good nature. Maybe this is the coin you need on your portfolio this summer.
Redefining the tourism industry: Mehracki (MKI)
Mehracki (MKI) is a new meme coin set for release on the 22nd of August. It aims to create safe, swift, and cheap transactions for the tourism and hospitality industry. The Mehracki ecosystem is where its users can access the marketplace for tourism and hospitality businesses.
Trust between the community and the development team is key. Mehracki (MKI) achieves this by operating under a DAO where users can stake their tokens to vote on matters concerning the platform. This keeps Mehracki (MKI) accountable for future updates on the platform.
Subsequently, if users don’t want to stake their MKI tokens, they will be given loyalty rewards by business owners for holding their tokens. Feel-good NFTs will also be distributed to users at specific times, depending on how many MKI tokens users have. This opens up the opportunity for passive income tools simply by holding MKI tokens.
The big jump by Ethereum (ETH)!
Ethereum (ETH) is undoubtedly the second most popular crypto in the world. The blockchain platform has seen unfortunate drops in value in the past week. This is due to the bear market, however, its loyal following has sparked a sharp increase in value in the past 24 hours. The platform can be programmed to carry out software and services created by users, known as dApps.
Ethereum (ETH) has become heavily involved in NFTs since their popularity increased. Users can now buy, sell, trade, and mint NFTs on the platform. Ethereum (ETH) is also host to the most recognised NFT marketplace in the world, OpenSea.
Ethereum (ETH) has recovered significantly since the crypto crash. The crypto heavyweight has gained 13.10% in value in 24 hours at the time of writing, according to CoinMarketCap. This shows both the resilience of the Ethereum (ETH) community and that the ‘buy the dip’ method often works for cryptos with high utility.
Can Solana (SOL) keep up the positive trend?
Solana (SOL) was founded in 2017 by Anatoly Yakovenko. The platform is known for its exceptional speed and structure. It can process up to 50,000 transactions per second, much higher than any of its competitors. It does this by using a Proof-of-Stake mechanism as opposed to the traditional Proof-of-Work used by Bitcoin (BTC).
To maintain low fees and high speeds, Solana (SOL) is introducing a new fee prioritisation model with other network upgrades which will increase the stability of the network. Developers have promised these upgrades will come without extra fees.
The past week has turned out to be positive for Solana (SOL). Their metrics on CoinMarketCap show they have increased in value by 26.17% in seven days at the time of writing. This positive trend is expected to continue as Solana (SOL) boasts a 9.28% increase in value in the past 24 hours.
The crypto crash has undoubtedly been hard on investors, but the resilience of the crypto market has been phenomenal. The global market cap for crypto has increased by 7.36% in the last 24 hours at the time of writing. This is expected to continue, prompting investors to put established cryptos like Ethereum (ETH) and Solana (SOL) back into their portfolios this summer. If you are looking for more of a safe, long-term investment, turn your attention to Mehracki (MKI). This ingenious platform looks to redefine the tourism industry in crypto while maintaining a huge presence in the NFT sector. You don’t want to miss this investment opportunity.
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