Great news
In case you didn't know, there's been news about the Moeing project, which is an EVM and Web3 compatible sidechain for Bitcoin Cash that promises to offer the same benefits of ETH2.0 while allowing for a block gas limit of one billion. Moeing aims to provide smart contracts, DeFi, Stablecoins, NFTs etc but with very low fees, and will also offer the possibility to earn interest on your Bitcoin Cash non-custodially. From what I understand, Moeing won't have its own currency but just Moeing gas which can be bought with Bitcoin Cash.
Now, to be perfectly honest I haven't delved into the technical details yet, but this sounds big for Bitcoin Cash, and I think it will be a great chance for BCH to attract the attention it deserves, as it is considered by many to be one of the most undervalued projects out there. Activity on the BCH network has increased by more than 500% over the last three months thanks to noise.cash, and I expect Moeing to take things to the next level once it is launched. DeFi is a big deal and will probably have a remarkable effect on Bitcoin Cash. That means the current discount season will be over soon.
You can read some interesting facts about Moeing that blew my mind by the Admins of noise.cash and read.cash in the image below:
I literally had no clue something like this was in the works and I've always been extremely bullish on Bitcoin Cash, so you can imagine my excitement after reading the news about Moeing. I believe the project will allow Bitcoin Cash to shine and showcase its true potential as a much more efficient and reliable alternative that comes at a much lower cost as well. It is undoubtedly big news for Bitcoin Cash holders, not only because it is a bullish sign that fills us all with optimism about the future, but also because we will be able to enjoy a wide range of benefits using our BCH. And it feels great to know I have never sold a single Bitcoin Cash Satoshi.
I believe you don't have to be super-technical in order to appreciate the news about the Moeing project, because sooner or later all the development being made will be reflected on the price of the token. Of course this is just my humble opinion and you should never take my word for your investment decisions without doing your own research, but if you are an author contributing content on read.cash, I think that now is the time to stay active and increase your productivity levels. Keep producing and consuming content, and stack your BCH while you still can. With BCH swinging around the $490 mark, it is literally like going back in 2013 to buy Bitcoin at a discount. Literally.
I could be wrong, but that's a risk that I'm willing to take. They say hard work pays off, and I can attest to that. I also know that there is a very powerful community of successful individuals working behind the scenes in order to enable Bitcoin Cash to thrive and realize its full potential, and this is reason enough to be optimistic. They say we are in a bull market, but I believe that we haven't seen anything yet, so I will keep stacking those Bitcoin Cash Satoshis like there's no tomorrow. I also plan to keep buying one whole BCH every two months while the price remains at the current levels, but the truth is that I'm panic-FOMOing these days and do not believe BCH will remain that cheap for long. Again, these are just my thoughts, don't take this post as investment advice.
What are your thoughts on the matter? We are talking about endless possibilities for BCH holders with Moeing. Activity and demand will go through the roof once the project is launched. Do you realize how big this can be? I would love to read your input in the comments below. The whole cryptocurrency game was born roughly 12 years ago; it is still in its infancy stage and the world is just starting to notice. It is the internet of money, and it will revolutionize the way we perform transactions and communicate value to each other on a global scale. Stay safe and productive, keep your eyes open and HODL your Bitcoin Cash. You won't regret it.
I appreciate your attention,
Hopefully it will be finished soon.