The competitive nature of the cryptocurrency industry is no secret to anyone paying attention. With numerous cryptocurrencies already in existence and many more being created and launched daily, the battle for relevance/dominance is never-ending. For years we have witnessed several cryptos try to usurp Ethereum (ETH) and take its place within the market. These “Ethereum Killers”, as they are fondly called, consist of highly sought-after tokens, such as Polkadot (DOT), Solana (SOL), Avalanche (AVAX) and much more. Such is the nature of the cryptocurrency industry and a feature that has become all too familiar.
In recent weeks, a new altcoin has been in the news for various reasons. Moshnake Token (MSH) is an upcoming gaming coin and one of the most anticipated cryptocurrencies this year. Native to the Moshnake platform, the token is part of an initiative that seeks to deliver a nostalgic gaming experience to the ever-expanding gaming society. The excitement and anticipation surrounding Moshnake Token (MSH) have led to several comparisons with industry-leading altcoins, the most notable ones being Avalanche (AVAX) and Shiba Inu (SHIB). To that effect, we compare all three altcoins in this piece.
Avalanche (AVAX)
Avalanche (AVAX) is a blockchain network that supports the creation of multifunctional blockchain platforms and decentralized applications (dApp). It is a platform that addresses problems within the cryptocurrency industry, such as slow transaction speeds, centralization and scalability. Avalanche (AVAX) achieves this through a number of innovations like its consensus protocol which provides low latency, high throughput capabilities and resistance to 51% of attacks.
Avalanche (AVAX) is the third-largest blockchain by total value locked (TVL), only behind Ethereum (ETH) and the BNB Smart Chain (BNB). AVAX is its native cryptocurrency and an integral part of its ecosystem. AVAX serves many purposes on Avalanche, such as facilitating networ…
