Mehracki Token (MKI) and Kava (KAVA): Two Coins That Could Help You While the Stock Market is Crashing and Cryptocurrency Prices are Plunging
If you’re a cryptocurrency buyer or trader, then you’re probably weeping at the nose-diving of crypto price crashes in recent times. It’s not an easy thing, and so that is why we’re here to help you. Even in these uncertain times, there are some altcoins that you can buy into to possibly give you good returns in the short and long term. Mehracki Token (MKI) and Kava (KAVA) are the altcoins under review in this article.
Mehracki Token (MKI)
Meme coins used to have a bad rap in previous times. They had no inherent utility in them and no intrinsic value, and consequently, they were more or less negligible. People paid them no mind. They generally went for the coins more likely to yield a profit due to some groundbreaking technology or innovative problem-solving approach. All this changed in 2020/2021; as a matter of fact, 2021 has been dubbed “the year of the meme coins.” Lots of influencers started talking more about meme coins.
Elon Musk for example started endorsing Dogecoin (DOGE) and proclaiming it to the moon, and since then, it’s been a jolly ride for not just Dogecoin (DOGE) but for all meme coins. It’s on the back of this success that the Mehracki Token (MKI) was launched.
It differs from Dogecoin in that it has utility and intrinsic value. With MKI, you can book flights, hotel reservations, restaurant reservations, pay for a tour guide, buy things and do so much more, all without needing to convert your money to the native fiat currency of that nation. With these and many more plans, Mehracki is set to take the crypto works by storm. MKI is the native token of the Mehracki ecosystem.
Launched in 2018, Kava (KAVA) is a decentralised peer-to-peer lending protocol built without intermediaries or third parties. Unlike traditional banking institutions and lending platforms where you have to apply to a central authority that approves your loan and issues it, Kava (KAVA) is quite simple. The users lock the value of crypto that they want to borrow into a smart contract on the KAVA blockchain.
Then they get USDX coins. USDX is a stablecoin pegged to the value of a dollar. When the users are done, they return the USDX coins along with an interest.
Then the users can gain access to their locked cryptos again, and the USDX coins are burned out of circulation. The users’ tokens are usually collateralised, meaning that they are usually more in total value than the amount of USDX they want to borrow so that they can be held responsible if they default.
The KAVA blockchain is built by crossing the Ethereum and cosmos blockchain to give a superior network that combines the best technology available on both sides.
If you’re looking for coins to buy into to guard against the uncertainty of these turbulent times, then you just may have found them with Kava (KAVA) and Mechracki Token (MKI). But always ensure that you carry out your research before doing any purchases.
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Read more: Mehracki (MKI), Elrond (EGLD) and Hedera (HBAR) – This Trio Could Turn the Tables of the Bear Market