Crypto News Today: What Are The Top 3 Underhyped Crypto Coins Today – Stellar, Shiba Inu and Moshnake?

by Arthur · October 13, 2022

The coin market is similar to other financial markets around the world. Every experienced trader knows the importance of hype and how it can spur an asset to new heights. As a result, most traders find buying coins with a lot of hype around them. While this may seem like a good strategy, an interesting thing to note is that sometimes certain coins pop out of nowhere and take over the marketplace. Many times these explosive price movements occur when no one is paying attention.

If you are interested in trying a different trading strategy, buying coins that are not in the news and waiting for them to flourish, this is the piece for you. You’ll find a list of crypto tokens that are currently underhyped, but with the potential for much more.

Table of Contents

Stellar

An interesting thing to note about the coin market is that there are several innovative digital assets. Each of them offers something different. While you will find coins that are content to only be used as a means of payment and transfer of assets, others provide a unique type of utility. Stellar is one of those projects that introduces a completely different set of features to the coin market. This cryptocurrency is designed to support payment systems worldwide. It aims to be the first blockchain-based solution to unify the traditional financial system.

Think of the almost limitless potential that traditional financial institutions would have if their transactions could be processed seamlessly without lengthy confirmations. This means that Stellar can be used to process cryptocurrency transactions. Stellar was a decentralized protocol created by the Stellar Development Foundation. XLM is the token that powers this decentralized protocol. Through token burning, the Stellar Development Foundation plans to maintain a high price for its digital assets. These burns will reduce the total supply of Stellar.

Shiba Inu

The Shiba Inu was among the most popular meme coins on the coin market. But the hype surrounding it has died down considerably. After Shiba Inu proved it could compete with Dogecoin, many users started flocking to it. They believed that Shiba Inu would be the next top coin in the crypto space. There were some interesting things to note about the Shiba Inu.

To begin with, Shiba Inu uses a community-driven approach. This means that a community of users will determine its growth and development. Today there are more than five hundred thousand users on Shiba Inu, and there are still more on the way. This active user community is referred to as the Shiba Army. Shiba Inu’s developers also recognized some of Dogecoin’s shortcomings. Therefore, they have ensured that the Shiba Inu will have a limited market offer.

Also, Shiba Inu is more than a meme coin. There will be an ecosystem of cryptocurrency activities. Through ShibaSwap, users can exchange different cryptocurrencies for each other. Shiba Inu has introduced token burnings to reduce the number of SHIBs in circulation and force their value to increase.

Moshnake

Moshnake is a game to earn NFT game that has won the hearts of crypto users worldwide. Why have users fallen in love with this crypto token? Well, Moshnake uses the same system as an early retro game. So this game brings back unique memories for users. Anyone can be a part of Moshnak’s gaming world, but you need to get your own NFT hose to get started. You can buy either viper, cobra, krait or mamba. However, you must note that the prices and features of each of them are different.

Players will earn money for taking care of their NFT snake. The longer it lasts, the more money you make from it. Your snake will grow by feeding it eggs and other items in the game. To buy these items, you use MSH tokens.

Moshnake:

Website: https://moshnake.io
Telegram: https://t.me/MoshnakeOfficial
Twitter:

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