Muse crypto works as a bridge between the world of NFTs and ERC-20 tokens. It facilitates easier NFT trading. Muse also allows users to speak about the nft20.io platform and its evolution.
If you want to know about Muse, read the article to learn more about it. We have covered the functioning, performance, future price prediction, buying process, buying options, and the credibility of the project.
Let’s get started!
What is Muse (MUSE)?
Muse is a governance token of nft20.io. It works on the BitShares blokchian, a platform designed for decentralized applications. MUSE attempts to build a decentralized music ecosystem for fans and musicians. The BitShares Music platform enables musicians to sell their music directly to fans via blockchain. Fans can buy it using the MUSE tokens.
| Ticker Name | MUSE |
| Market Cap | $10,645,406 |
| 24-hour Trading Volume | $1,006,802 |
| Total Supply | 950,001 MUSE |
| Max Supply | 950,001 MUSE |
How does Muse Crypto Work?
Muse crypto performs the main role in the nft20.io platform. It simplified NFT trading through tokenization.
- NFT20.io: Nft20.io is a permissionless protocol built on the Ethereum blockchain, Anyone can participate in this without approval.
- The Fuel: MUSE tokens are the backbone that fuels the nft20.io platform. Users can utilize MUSE to tokenize their NFTs.
- NFT Liquidity: Tokenization of an NFT involves creating an ERC-20 token derivative representing the original NFT. NFT owners can unlock the liquidity of their assets, making them more tradable.
- Shaping Future: Users gain voting rights on the nft20,io platform by holding MUSE tokens. It allows users to shape the protocol’s future development and direction.
Key Factors of Muse (MUSE)
Here are some key factors of Muse crypto that set it apart:
- Convenient: NFT Trading creates ERC-20 token derivatives that can be easily traded on decentralized exchanges. It increases the liquidity of NFTs compared to traditional methods.
- New Possibilities: By tokenizing NFTs, MUSE opens doors for new financial products and services built around NFTs. Imagine using fractional ownership of an NFT through these ERC-20 derivatives.
- Community Driven: MUSE fosters a collaborative environment where users can propose changes. Owning MUSE grants voting rights on the nft20.io platform. MUSE holders can propose and vote on changes to improve the platform’s functionality and features.
- Ethereum Blockchain: MUSE uses the security and transparency of the Ethereum blockchain. It guarantees a safe, honest, reliable foundation for NFT trading activities.
Future Price Prediction of Muse (MUSE)
While writing this, the 24-hour trading volume of MUSE is $928,208 for the last 24 hours. This represents a surge of 18.28% compared to the previous day.
This indicates a rise in the market activity of MUSE. As per the analysis of its performance, and other technical indicators, we have made a seven-year price prediction for MUSE.
Check out the future price forecast of MUSE until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
|---|---|---|---|
| 2024 | $213.42 | $362.81 | $512.20 |
| 2025 | $392.69 | $623.18 | $85367 |
| 2026 | $597.57 | $682.94 | $768.30 |
| 2027 | $273.17 | $409.76 | $546.35 |
| 2028 | $375.61 | $592.28 | $682.94 |
| 2029 | $648.79 | $1,092.70 | $1,536.61 |
| 2030 | $1,365.87 | $1,621.97 | $1,878.07 |
Where can you buy Muse (MUSE)?
MUSE is live on top cryptocurrency exchanges. You can explore Gate.io, CoinbEX, Coinbase Exchange, and Uniswap v2 to invest in MUSE. While you are finalizing the exchange you can check for the trading fees, customer reliability, and review of the same. Make sure that the exchange functions in your location.
How can you buy Muse (MUSE)?
Once you have made the investment budget ready, you can proceed with the buying process we have outlined below:
- Step 1: The initial step is to make your account on the website or applications of the exchange.
- Step 2: You can fund the account to buy the tokens. There are options like Credit Cards, Debit Cards, P2P Trading, Bank transfers, and Third-party payment.
- Step 3: Now, you can buy the MUSE tokens from the exchange Navigate to the buy and sell option in the exchange.
- Step 4: Once the purchase is done, you need to store the MUSE. You can either hold it in the account or save it in your wallet.
You need to make sure to always depend on the official website while investing. If your budget seems less for purchasing the tokens, you can always choose to buy a fraction of the token.
Is Muse (MUSE) a credible investment option?
The performance of the crypto seems to be impressive. Muse is becoming increasingly popular among investors. If you are looking for a credible investment option within the crypto ecosystem, Muse might be a good opportunity for you. It is advised to conduct your research about the crypto before proceeding with the investment.
Read more: Velas (VLX) Price Prediction 2024 – 2030, Where To Buy, Is It A Good Investment?
