Mehracki (MKI) is also a meme token that is set to make use of cryptocurrencies more common.
As of right now, there are different types of cryptocurrencies floating on the market: stable coins, utility tokens, meme tokens, etc. Stable coins are the tokens whose prices always remain fixed to another asset which, in most cases, is the value of a fiat currency. These tokens are non-volatile and are used for exchanging cryptocurrencies, mostly in the buying and selling process. Some famous stable coins are USDT, USDC, BUSD, DAI, etc.
Then there are the famous cryptocurrencies. A utility token is a token that is used in the governance of either blockchains, exchanges, ecosystems, or protocols, such as DeFi. Their value keeps on fluctuating depending on market trends, people’s sentiments, and international news. Some popular ones include Cardano (ADA), Stellar (XLM), Polygon (MATIC), etc.
The third prominent category in the cryptocurrency market is meme tokens. These are cryptocurrencies...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...