Mushe Token (XMU) Hopes To Revolutionise Cryptocurrency Adoption Like Bitcoin (BTC) and Ethereum (ETH)
Bitcoin (BTC) and Ethereum (ETH) are the two largest cryptocurrencies by market capitalization and these tokens have sustained momentum since releasing because of their significant and ongoing role in driving cryptocurrency adoption. Mushe news..
Cryptocurrency adoption refers to the onboarding of new people into crypto from outside the community, and there are many ways that this can be achieved.
We take a look at how the two largest cryptocurrencies by market capitalisation compare with each other and with newcomer Mushe Token (CMU) which launches soon.
DeFi Capital and Adoption Can Be Attributed To Ethereum (ETH)
Ethereum (ETH) is the native token of the Ethereum blockchain and smart contract ecosystem, and it is used for governance and utility.
Ethereum is the first smart contract compatible blockchain and opened up the gates for a new generation of innovators creating decentralised applications and protocols on top of blockchain technology.
These applications have attracted significant capital to the cryptocurrency sector and the increased adoption of the underlying blockchain’s native Ethereum (ETH) token.
Most DeFi protocols are built on Ethereum, and over 64% of the total value of locked funds (TVL) across all blockchains is held on Ethereum alone ($69.1 billion).
The success of the DeFi market can be largely attributed to Ethereum and the protocols built upon it which have attracted a huge influx of investment from new and existing members of the cryptocurrency community.
Bitcoin (BTC) Is the Most Accepted Crypto By Merchants
Bitcoin (BTC) has probably done more for adoption than any other cryptocurrency, although the core protocol has not changed since its launch. The Bitcoin protocol cannot be changed, only forked.
Much of what Bitcoin (BTC) has done for adoption is by virtue of its presence, status as a crypto market bellwether, and recognizability. Whenever cryptocurrency is mentioned in traditional news outlets, Bitcoin (BTC) is the first name that you hear. Two countries, El Salvador and the Central African Republic have also adopted Bitcoin (BTC) as legal tender.
It’s also worth mentioning that Bitcoin (BTC) is one of the most widely accepted cryptocurrencies amongst retail merchants, including Whole Foods, Microsoft, and many more. Even Paypal now enables merchants to take payments via cryptocurrency.
Mushe Token (XMU) offers a fiat-to-crypto onramp and an all-in-one DeFi ecosystem
Mushe Token (XMU) is an ERC20 token used for utility on the Mushe Token protocol which is built on the Ethereum blockchain and is in presale, launching on July 4, 2022.
Mushe Token (XMU) was built with a focus on driving the adoption of cryptocurrencies with its DeFi ecosystem which includes adoption-driving features such as a fiat-to-crypto on-ramp.
Other ecosystem features include Mushe Chat, Mushe Wallet, and support for NFTs. By bringing together these different areas of cryptocurrency, DeFi, and blockchain culture, Mushe Token hopes to attract and maintain a community united by shared interests and keep them by offering an all-in-one, easy-to-use solution.
Mushe Token (XMU) is currently in presale which will conclude on July 3, 2022, one day before launch.
The Market Will Recover and Long Term Holders will Prosper
It is more vital than ever that we see cryptocurrencies that offer real-life use cases for crypto, on-boarding for fiat currencies, and an adoption-focused strategy such as Mushe Token (XMU) and Ethereum (ETH) in particular.
If you remember that a similar time last year, in May, we saw the market recover from a situation similar to the one we are currently in. Now looks like a great time to invest and hold long-term.
Mushe Token (XMU)