Dogecoin (DOGE) and Xchange Monster (MXCH) Make Major Gains in Real World Use
After a turbulent couple of months in the cryptoverse, things are looking skyward again for traders as prices ratchet up across the exchange. Many traders have taken to staking coins on apps like Crypto Earn to generate automated earnings through interest.
Which are the best coins to stake? Let’s check out Dogecoin (DOGE), Polkadot (DOT), and Xchange Monster (MXCH), each of whom may well be in line for some major price hikes in the ensuing months.
Dogecoin (DOGE) – Every Dog Has its Day
Since its launch back in 2013, Dogecoin (DOGE) has been on an unrivalled journey. Having gained phenomenal popularity, it’s made literally thousands of people millionaires.
Founded as something of a joke by Jackson Palmer, the coin was never developed with much actual usage. It has instead relied on hype from celebrities like Elon Musk and Snoop Dogg who have often tweeted their support and purchased the crypto, causing overnight surges in price, garnering lucky investors with humongous profits.
Dogecoin (DOGE) has evolved in recent times, having matured into the development of real utility on its platform. Now, alongside Shiba Inu (SHIB), it has been announced that food delivery giant UberEats will accept their coins as a means of payment via BitPay.
According to the announcement by BitPay, UberEats does not yet accept direct payments with cryptocurrency, users will first have to top up their BitPay cards or buy BitPay gift cards with the meme coin.
This is a major development for Dogecoin (DOGE) and comes barely one month after the announcement from DogeDesigner that they have released a new plugin that enables website owners to accept payments in DOGE. This plugin allows over 455 million WordPress websites to utilise the WooCommerce plugin as an ‘Easy Dogecoin Gateway.’
The growing amount of real world usage for the coin, along with its ever-increasing popularity on social media and among major celebrities, means Dogecoin (DOGE) retains its place at the forefront of the evolving transition from fiat to digital currency.
Xchange Monster (MXCH) – Don’t Hate The Player
Xchange Monster (MXCH) is a new cryptocurrency exchange that is focussing on the GameFi world. GameFi is the term used for the combination of play-to-earn (P2E) gaming and decentralised finance (DeFi).
P2E gaming is big business, with millions battling online every day in games like PUBG and Axie Infinity to earn in-game rewards like NFTs and various cryptocurrencies.
With a massive volume of transactions now taking place on GameFi platforms, the computational demand is extremely high, causing congestion on the blockchains. This can result in slow and unreliable transactions.
Xchange Monster (MXCH) alleviates these problems by allowing Multi-asset crypto trading across a multitude of blockchains. Simply put, if you use this platform to exchange your GameFi winnings for cryptocurrency or hard cash, the fastest and cheapest blockchain at the given time will be selected for you automatically.
You can download the Xchange Monster app now. Here, you can set up your Monster Wallet to store your digital or fiat money inside, ready to start trading. The Monster Wallet is already fully integrated onto the exchange, while the native currency, MXCH, is currently available at presale via the links below. A whole new world of digital trading and gaming awaits.
Polkadot (DOT) – Power to the People
Another platform with great interoperability is Polkadot (DOT). The open-sourced multichain protocol offers cross blockchain transfers of any type of data or asset.
Polkadot’s founder Gavin Wood announced at the Polkadot Decoded conference in Buenos Aires last week that the blockchain’s governance model was about to be transformed. Named Gov2, the new setup means that any holder of Polkadot (DOT) can now start a new referendum on the platform.
This kind of input and influence gives the coin’s community a real sense of empowerment and certainly encourages more potential investors to join the team.
Polkadot (DOT) has been a mega success story since its inception in 2020 due to its high functionality and adaptability. It currently sits at number 11 on Coincodex.
Xchange Monster (MXCH) and Dogecoin (DOGE) are both well poised to make major gains in the latter part of 2022. Now could be your best chance to climb aboard, stake all three on Crypto Earn, and hopefully watch the profits stream in.
You can learn more about this innovative new token Xchange Monster in thi MXCH s article.
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