Home / Brand Stories / The Future Of Crypto Is Interoperability: MUSHE, BINANCE & ICON Are In The Lead

Why crypto crashing is probably the most common question everyone has been asking in the past couple of months. Some people blame the ongoing war in Ukraine, while others rightly cite the current soaring inflation as a factor. Many predict the worst is yet to come. 

There is a less dramatic and perceptive answer to why crypto has experienced a crush reminiscent of the one from 2020: it's an industry prone to fluctuations and consistent cycles. What we’re seeing right now is a temporary drop before we once again witness the trusty green charts back on our computer screen. Yes, no one knows for sure what the future holds but the tide that goes out must come in. 

Taking our knowledge of past projects and predictions for emerging ones we can, however, speculate that interoperability as a project's primary feature will indeed be the next big thing in crypto. Let's dive in. 

MUSHE to the Masses

A handful of projects put interoperability at the core of their development, and MUSHE (XMU) is one that deserves particular attention. According to its Litepaper, the project aims to become not only the leading interoperable digital currency but also a wallet of choice for both beginners and aficionados alike. Bridging the gap in experience.

If you have ever accessed crypto, most likely you have experienced difficulties with trading, exchanging, depositing, or at the very least withdrawing cryptocurrencies and fiat currencies. Understandably, it is no easy task for any entry-level crypto user. 

The MUSHE project addresses these issues by providing a simplified and interoperable platform where intuitive UX design meets a straightforward ecosystem that allows users to engage seamlessly with all the aforementioned activities. Its native token (XMU), a multi-verse token interoperable across fiat & Metaverse markets, powers such a robust and integrated platform. 

By doing so, the projects attempt to solve one of the main problems in the current crypto domain: the limited division of fiat and crypto space and the complexity of the tools provided by existing crypto and banking companies. Considering that (XMU) presale will reach its end on the 3rd of July 2022, this project should be firmly on your radar. 

BNB Looking Sharp 

Binance (BNB) rightly takes its place amongst the OGs within the interoperability crypto domain. BNB is the cryptocurrency that’s used to power the BNB Chain ecosystem. As one of the world's most popular utility tokens, you can trade BNB like any other cryptocurrency and use BNB in various applications across different platforms.

For example, you can use BNB to pay for travel expenses and buy virtual gifts. According to Binance's estimations, millions of BNB had been consumed by users for travel expenses, payment of goods, lending, rewards, creating smart contracts, and other transactions. 

BNB is also considered relatively stable compared to other cryptos that failed spectacularly. Following the latest crypto crash, BNB has decreased from 300$ to 200$. In the same time period, many cryptocurrencies, like Terra, lost nearly all of their value. The bear market's reign will not last, so take this opportunity to buy the dip. 

ICON Making A Comeback

ICON is another example of blockchain protocol building a hyperconnected future with BTP, an interoperability solution for the project's platform.

(BTP) stand for Blockchain Transmission Protocol, which enables ICON's cross-chain communication between smart contract-enabled blockchains. In other words, it allows complex cross-chain applications with smart contracts residing on two or more blockchain networks with few security sacrifices. As a consequence, users can readily move their assets between ICON, Binance Smart Chain, NEAR Protocol, and many others. 

The token (ICX) is the currency that powers the ICON ecosystem. ICX has many use cases, including staking, network governance, collateralization on DeFi platforms, and other applications.

The price of ICX, mimicking all major cryptocurrencies, went down in the past month from 0.4$ to 0.26$. If interoperability is the next big thing in crypto, expect the ICX's price to rise far above the former mark. 

What The Future Holds

The cross-chain interoperability looks like a logical move combining different protocols and cryptocurrencies on various levels of interactions among them. For the first time since the inception of blockchain and crypto technology, several projects have made interactions and transactions effortless. And for that, we are immensely grateful. 

Key Words: Why is Crypto Crashing, MUSHE, XMU, BNB, Interoperability, ICX

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

Trending Stocks

Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout