In the wild, wild world of cryptocurrency, a “Moonshot” is not a cute nickname — it’s a crazy bet, an investment made by people who believe a digital currency can hit insane highs.
This post is to demystify what Moonshot crypto is, what it does, and why it’s becoming more common in the Web3 world.
What is Moonshot Crypto All About?
Moonshot crypto is usually a reference to small-cap, young cryptocurrencies with the potential for a value explosion. These coins tend to begin with a small market capitalization and can be associated with trending sectors such as artificial intelligence, gaming, meme culture, or decentralized finance.
The draw is apparent: these are coins that have so much upside they could offer exponential returns — 10x, or even 100x — while also bearing a high degree of risk. Many more Moonshot coins are volatile, highly speculative, or even prone to manipulation and outright scams. That’s why it’s also important to conduct your due diligence before diving in.
Moonshot The Trading Platform
Beyond the space age investment — “Moonshot” is also the name of a brand-new meme-coin trading platform geared for ease and getting in and out quickly. Running on the Solana blockchain, the project hopes to make investing in crypto easy for mainstream users.
Some of its features include:
• Frontend: A mobile-friendly web interface, for use similar to mainstream stock trading applications.
• Fiat on-ramp support: Meaning users can purchase crypto with debit cards, bank transfers, or Apple Pay.
• Embedded wallets with self-custody: So the users have control over their private keys.
• Curved listings: Where prices are slightly higher for each consecutive buyer.
This mobile-first strategy helped Moonshot gain hundreds of thousands of users and trade millions during peak times.
Moonshot Token Use Cases
Some of the Moonshot platforms also release their own native tokens, MSHOT for example, which has various purposes:
• Staking and Yield Farming: Users can lock up their tokens to receive rewards.
• Spot Trading and Arbitrage: Investors can profit from price differences of assets on various platforms.
• P2P Payments: Tip using the token and make direct payments in the app’s community.
They are helping to create a sustainable ecosystem while promoting interaction over the long haul.
What Are the Pros and Cons?
Potential Benefits:
• With low entry barriers, it is easy for new users to get going.
• Potential for huge gains if the token goes viral or gets accepted.
• Platforms are also intuitively designed for usability and speed.
Key Risks:
• Wide price swings are possible with high volatility.
• In exchange for the above, self-custody wallets can require some additional responsibility — lose access to your keys, and you can lose everything.
• The space will become increasingly crowded and not all Moonshot platforms or tokens are going to make it in the long term.
Final Thoughts
Moonshot crypto is a catch-all shorthand for a certain type of speculative digital assets with the potential for explosive growth, as well as for platforms like Moonshot that are designed to make it easier for the masses to trade meme-coins. These projects attract early-bird, risk-tolerant investors and crypto-heads who are eager to chase the next big thing.
Still, not everyone should be investing in Moonshot tokens. As usual, do your due diligence before buying a team, technology, and tokenomics. Only use secure wallets. Keep up to date with regulations. Don’t ever invest more than you can lose.
Moonshot crypto might be the jump some investors seek — but it needs to be approached with caution and care.