If you don’t know already, the term HODL Crypto refers to ‘Holding On For Dear Life’ to crypto, which stems from an online meme. This is ironic because, with the current market crash, it seems that the market is trying to ‘HODL’, yet there are certain cryptocurrencies such as XRP (XRP) and Mehracki (MKI) that investors are also trying to hold on to.
At a time when many users are beginning to lose faith in certain cryptocurrencies or even the market in general, XRP and MKI are two to keep an eye on as they could still be great investments despite the market crash.
HODL on to XRP
XRP is a digital asset that was built to be the most practical cryptocurrency for applications within the financial space. Built as an open-source, permissionless, decentralised project, XRP’s key factors include its fast speed, low costs, scalability and sustainability. Additionally, XRP is also carbon neutral.
Released in 2012, XRP has done well and seen massive success over the years. During this recent market crash, many successful coins have lost their balance in the crypto space and are uncertain about their future. However, XRP is not one of these cryptocurrencies as it is currently ranked 8th on CoinMarketCap at the time of writing. This goes to show its true potential for growth and success as it is still among one of the most used crypto projects.
As the market circumstances are uncertain at the moment, investors are HODLing onto XRP as it seems likely to survive the market crash.
HODL On Tight: Will Mehracki Come Out on the Other Side?
Mehracki is a new coming meme coin and is currently in presale. Focused on being community-driven, MKI has a lot of potential to do well in the current market.
The name Mehracki stems from how many crypto users are feeling ‘meh’ as they are tired of boring and repetitive coins. Hence, Mehracki aims to put the love back into the market and become a part of the enjoyable meme coin community. Its main features include transparency, trust, community, and long-term development of its ecosystem.
With its users at heart, this is attractive crypto for investors. As a result of the current market crash, many are looking to invest in presale projects as they are not directly affected. As Mehracki seems to be a strong crypto project that could potentially become a leader in the meme coin market, it seems to be a great investment opportunity. Furthermore, MKI is set to launch on August 22nd 2022, by which the market would have hopefully recovered.
Is It Better to Invest in Presale or Established Coins Right Now?
Due to the current market conditions, there is no simple answer. Whilst many are investing in established coins such as XRP, others would rather invest in presale projects like Mehracki. Both ways are logical and could bring significant returns to investors in the long term, however as everything is uncertain right now and nobody knows what to expect from the crypto market, every investment is done with a risk.