Can Mehracki Token (MKI) Rise as High as FTX Token (FTT) and Cardano (ADA)?
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New cryptocurrencies are launched every week but few of them show promise to go big. Mehracki Token (MKI), a community-driven platform, is one such token which can scale greater heights due to the enormous potential it holds. Let’s analyze what makes it an interesting prospect to be as successful as FTX Token (FTT) and Cardano (ADA) have become.
FTX is one of the world's largest cryptocurrency exchanges. It has a global brand and a business in the United States. Private investors have valued the two companies at above USD 30 billion. This puts it ahead of Coinbase, which has a market capitalization of nearly USD 15 billion.
The massive crypto exchange FTX's utility currency, FTT, supports a large section of the Ecosystem, including the DAO and staking protocol.
After presales, FTX Exchange issued the FTX token (FTT) in September 2019 at a price of USD 0.83. Only two years after its inception, in September 2021, the coin hit an all-time high of USD 85. When you look at its value propositions, you can see how it intends to compete with the greatest ecosystems by focusing on blockchain and DAO businesses and enabling more developers to create scalable crypto products—this is a strategy Binance has always used.
Cardano (ADA) has been around since 2017, which is a long time for a cryptocurrency to develop. It is able to distinguish itself from its competitors for many reasons.
The key reason for this is because it may provide long-term viability. When it comes to Bitcoin (BTC), the tremendous energy required to maintain blockchain and verify transactions is a major issue.
Everything with Cardano (ADA) is green and instantaneous.
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