If your crypto wallet has been affected by the bear market, you are not alone. With the Luna crash and the various cascading liquidations that followed, many crypto natives were affected. It’s been pretty terrible for those who’ve been overexposed, but others with limited Luna exposure still have a dog in the fight.
The bear market can lead to heavy losses for some investors, but it also gives them the opportunity to make course corrections. For example, now is the best time to dump poorly performing cryptocurrency tokens. Additionally, investors can take advantage of this opportunity to buy the dip and buy tokens with potential.
These tokens must be currently undervalued and should be carefully checked before purchase. Investors should ensure that they research these tokens properly before adding them to their portfolios.
STEPN (GMT), ApeCoin (APE) and Moshnake (MSH) are three crypto projects investors should have in their portfolios. These three projects will add significant value and position your portfolio for future benefits. Moreover, the projects tick the right boxes for investment. We’ve gathered everything you need to know about these projects below.
STEPN (GMT) – The Fitness Crypto That Can Change Lives
STEPN (GMT) is a Web 3 fitness app that rewards users for physical activity. The project uses blockchain transparency to reward users for their activities. STEPN is a web3 lifestyle app that uses GameFi elements like Play-to-Earn (P2E) to reward users for physical activities.
Moreover, it ensures that its users stay healthy and are encouraged to continue leading a healthy lifestyle. To access these rewards, users purchase NFT sneakers using GST (the platform’s transaction token). Some of the activities users are rewarded for include walking, running, or jogging.
STEPN operates a multi-token system that uses GMT and GST. These tokens are used for different activities on the protocol. GMT is STEPN’s governance token, allowing users to propose and vote on proposals made by other members. On the other hand, STEPN uses GST as its native token, and users can use GST to transact on the platform.
ApeCoin (APE) – Born from the famous NFT collection
ApeCoin (APE) is the utility token of the APE ecosystem owned by Yuga Labs. The token was created to unify the Yuga Labs NFT ecosystem and facilitate transactions. APE is also used for governance and grants token holders voting rights within the ecosystem.
Additionally, APE uses the ERC-20 token standard, which makes it compatible with the Ethereum blockchain. The APE token was airdropped to BAYC (Bored Ape Yacht Club) holders as a reward for being part of the ecosystem.
The APE token is a crucial part of Yuga Labs’ NFT universe as they plan to transition to a Web 3 business. The ApeCoin DAO consists of APE token holders and controls the direction of the ecosystem.
The token holders vote on the proposals and the DAO is responsible for the execution of these proposals. The APE ecosystem is continually growing as Yuga Labs purchases the Crypto punks collection.
Moshnake (MSH) – A new take on a classic game
Moshnake (MSH) is a play-to-earn cryptocurrency game inspired by the popular game Snake. The game is built on the Binance Smart Chain due to its speed and low cost.
The game uses NFTs to reward players and allow them to play games. Additionally, users will be able to access the game using their mobile devices anywhere in the world. Moshnake will give players the opportunity to win while playing a game they love to get the full gaming experience.
MSH is the governance token of the platform and will grant holders in-game voting rights. It will also be used for transactions as MSH will be used to purchase the NFTs used to play the games. It would also be used to pay entry fees to special tournaments.
You can buy the MSH token to start playing and earning on the game. Join the ongoing presale today.