Crypto market crashed under $1 trillion more than 60%: is it the time to buy the dip?
23 Jun 2022
If you have not been living under a rock in the past months, you are likely to be aware that the crypto market has crashed spectacularly, wiping out more than 60% of the gains it accumulated in 2021. This is not the first time the crypto flock has experienced the dark side of volatility.
In 2018 the market collapsed by more than 78%, marking the worst crypto crash to date. The history of crypto volatility taught us that the market bounced back stronger than ever each time, despite detrimental forecasts. In 2018, before the crash, the price of DogeCoin (DOGE) reached a peak of $0.018 per coin, and although it took more than three years to bounce, it reached ATH of $0.731.
The time of trouble we are enduring today represents the perfect opportunity to find the right project, jump onto that crypto waggon, and buy the dip, as many people did with DogeCoin (DOGE) in 2018, to score the desired Xs.
The Hottest Pie On The Crypto Table
Mushe Token (XMU) is the project that I think fits the aforementioned profile. As opposed to many current projects that put decentralisation as a fancy word in their white paper to score a couple of extra clicks, MusheToken (XMU) makes it the backbone of its development strategy. Inspired by the potential opportunities of Web 3.0, Mushe Token (XMU) seeks to accelerate the adoption of crypto among the global population by delivering a very intuitive UX design of its platform for crypto veterans and newbies alike. Enhanced user experience will be achieved through a globally accessible mobile application with low interchange fees rewarded through utilising the Mushe Token (XMU).
The crypto world can be a cautionary tale into a dark forest where disenchantment becomes almost synonymous with navigating from one platform to another. The complexity each protocol or coin invokes can give a headache even to someone who has been in the game long enough. Luckily for us, the Mushe project is set to solve these problems by providing its user base with three key elements integral to its platform’s development.
The first one is interoperability, manifested in Mushe's wallet, which is globally accessible, easy to navigate and efficient in processing all sorts of different tasks across various blockchains and protocols. In order to achieve this goal, the Mushe project will be built on top of Stellar’s open network, a proven blockchain reputable for low transaction costs and financial inclusion for the under-banked population.
The platform's native token (XMU) sits at the centre of Mushe's ecosystem, providing the necessary foundation for development along the Web 3.0 trajectory and invoking numerous financial opportunities for its users.
Whether it is a peer-to-peer interaction across different chains, rewards from DeFi activities or participation in the governance of the Mushe platform, everything is done through XMU. The decentralised nature of the XMU token enables its holders to also engage with the platform's marketplace, where users can perform commercial activities through constant incentives and rewards.
If you are still hesitant about the XMU token, Mushe also plans to introduce its own Metaverse (MusheVerse). The holders of XMU could participate directly in the upcoming MusheVerse, which intends to introduce its own NFTs, Play-to-Earn (P2E) gaming and other benefits the world of Web 3.0 has to offer.
Buying The Dip Is King
Suppose you are interested in Metaverse, Web 3.0, decentralisation, and financial rewards situated under a single umbrella, where you can interact across different blockchains and protocols hassle-free. In that case, the Mushe project should be under your radar this summer.
However, keep in mind that the final presale stage to purchase XMU will expire on the 3rd of July 2022. The current 60%crash in the crypto market is not permanent, and we will see the light at the end of the tunnel soon. In the meantime, be a savvy investor and consider purchasing XMU, like the wise souls who bought the DogeCoin (DOGE) dip in 2018. Volatility is permanent, and the 60%dip is temporary, so seize the moment while you can.
Keywords: 60% Crash, Dip, DogeCoin, DOGE, Mushe, XMU, Web 3.0