If your crypto portfolio was affected by the bear market, then you are not alone. With the Luna crash, and various cascading liquidations that followed, many crypto natives were affected. It has been quite terrible for those who were overexposed, but others with limited exposure to Luna still have a dog in the fight.
The bear market may cause some investors to suffer heavy losses, but it also gives them the chance to make some course corrections. For example, this is the best time to dump poorly performing cryptocurrency tokens. Additionally, investors can use this opportunity to buy the dip and purchase tokens with potential.
These tokens must be currently undervalued and must be thoroughly vetted before purchase. Investors should ensure that they properly research these tokens before they add 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 be a significant value add and will position your portfolio for future advantages. Furthermore, the projects tick the right boxes for investment. We have curated all you need to know about these projects below.
STEPN (GMT) – The Fitness Crypto That Can Change Lifes
STEPN (GMT) is a web 3 fitness app that rewards users for engaging in physical activity. The project uses the transparency of the blockchain to reward users for their activities. STEPN is a Web3 lifestyle app that utilizes GameFi elements like Play-to-Earn (P2E) to reward users for physical activities.
Additionally, it ensures its users stay healthy and are incentivized to continue living a healthy lifestyle. To get access to these rewards, users purchase NFT sneakers using GST (the platform’s transaction token). Some of the activities users get rewarded for include walking, running, or jogging.
STEPN operates a multi-token system which uses GMT and GST. These tokens are used for different activities on the protocol. GMT is the governance token of STEPN, 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 perform transactions on the platform.
ApeCoin (APE) – Born From The Famous NFT Collection
ApeCoin (APE) is the utility token of the APE ecosystem which Yuga Labs own. The token was created to unify the NFT ecosystem of Yuga Labs and facilitate transactions. APE is also used for governance and grants token holders voting rights within the ecosystem.
Furthermore, APE uses the ERC-20 token standard, making 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 company. The ApeCoin DAO consists of APE token holders and controls the ecosystem’s direction.
Token holders vote on proposals, and the DAO is in charge of executing these proposals. The APE ecosystem continuously expands as Yuga Labs purchases the Crypto punks collection.
Moshnake (MSH) – A New Take On A Classical Game
Moshnake (MSH) is a play-to-earn crypto game that is inspired by the popular Snake game. The game is built on the Binance Smart Chain because of its speed and cheapness.
The game uses NFTs to reward players and enable them to play games. Additionally, users will be able to access the game using their mobile devices anywhere in the world they are. Moshnake will give players the ability to earn while playing a game they love to get a full experience from the game.
MSH is the governance token of the platform and will grant holders voting rights within the game. 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 the entrance fees to special tournaments.
You can purchase the MSH token to start playing and earning on the game. Join the ongoing presale today.