Ever since the Covid-19 outbreak, political division in the US, and the most significant military conflict in Europe since World War Two, the inflation rates have inevitably reached their highest mark (8.6%) since 1981.
We can witness their effects not only on the traditional markets, which are currently entering a bear stage but also in the
crypto
domain, where many fear that the current state of affairs would lead to
hyperinflation
.
The biggest question remains if
hyperinflation
would indeed occur on a massive scale, what
crypto
coins – if any – can survive in this harsh environment? Let’s try to find out.
Back To Basics
Before we talk about cryptocurrencies, it would be wise to define
hyperinflation
. According to its economic definition, hyperinflation refers to a very high monetary inflation rate. Assuming this definition, some analysts would claim that what we are currently experiencing is already hyperinflation, considering that in 2020, the inflation rate in the US was only 1.2%. Now it has reached the 8.6% mark. If this estimation is correct, we are free to speculate about the current state of hyperinflation and what cryptocurrencies in the
crypto
market will survive through it.
Watch Out For Web 3.0
If you are following crypto even slightly, there is a chance that you have heard about Web.3.0, which is a concept amalgamating such innovative fields as Metaverse, DAO (decentralised autonomous organisation), and Play-To-Earn (P2E) gaming model combined with the integrated in-game NFTs.
Web 3.0
is the next big thing in crypto, and there are a handful of projects one should look for. One such is
MUSHE
(
XMU
), which has all the necessary potential to become a fundamental player in the
Web 3.0
game.
What makes the MUSHE project unique is that it incorporates all the aforementioned features under its umbrella. It effectively creates its unique ecosystem powered by the project’s native
token
(
XMU
). Like most
tokens
on the market right now, (
XMU
) is decentralised, and its role in the project’s development is the most important. Besides providing liquidity to MUSHE’s exchange, XMU is used as the primary medium of interaction in the upcoming metaverse (MusheVerse).
As part of the project’s development, MusheVerse will also incorporate Play-To-Earn (P2E) games within it, where players would be able to buy, sell and trade unique NFTs – all through the platform’s native
token
(XMU).
Currently, the XMU token is powered by the Ethereum
blockchain
, but in the near future, the project intends to migrate to Stellars open network, a well-renowned
blockchain
for low transaction costs.
Another core feature of MUSHE, coinciding with the reason to choose the Stellars network, is that it aims to provide interoperability to its users through utilising a very intuitive UX design, thus paving the way for mass
blockchain
adoption.
The Upshot
The current state of affairs in the traditional markets and crypto is undoubtedly going through a rough patch, however. When the crypto market started to crash earlier this month, many predicted it to be the end of the industry, but as we can see, this is far from being true. Sure, some projects, like Terra, failed spectacularly, but even in the state of hyperinflation, fundamental projects like MUSHE will prevail against all odds.
Website:
https://www.mushe.world/
Presale:
https://portal.mushe.world/sign-in
https://portal.mushe.world/sign-in
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