Here Are The Most Lucrative Destinations For Moonshot Projects

In recent years, the idea of ‘moonshot’ projects has become extremely common amongst crypto enthusiasts globally. However, before getting into the nitty gritty of the concept, it would be best to describe the term and what it actually entails. As the name seems to imply, a moonshot is an “ambitious, exploratory and ground-breaking project” designed to operate without any expectation of near-term profitability, sometimes launching without even having undergone an in-depth investigation of its potential, inherent risks.

In this regard, crypto moonshot offerings work in pretty much the same way, i.e. they come backed with an “experimentation-rooted, fail fast philosophy” which allows them to reap massive potential benefits within an extremely short period of time. This is also the reason why a whole host of companies within the tech sector have adopted this approach, since it enables them to tackle many of the problems affecting different social and financial realms.

Moonshots 101

As highlighted previously, Moonshot thinking is best viewed as an approach that seeks to tackle a huge, seemingly insurmountable problem by proposing a radical solution that is not incremental or pragmatic in nature but rather extremely holistic in its outlook — i.e., it looks to resolve the problem in its entirety no matter how insurmountable it may appear on paper. In other words, the projects operating within this scope of possibility rely on delivering outstanding results after one intense, consistent effort. 

The core benefits of moonshot ideologies include the development of technological offerings that are extremely wide ranging, i.e., they can span from the development of the metaverse to the curing of some deadly illness. The point being that such a project, if realized, is capable of delivering huge returns for all of its stakeholders and end users.

From a purely financial perspective, recent studies suggest that moonshot technologies have the potential to deliver an average compound annual growth rate (CAGR) of 36% in the near-to-mid term. Not only that, the market is all set to touch a market capitalization of $6 trillion by the turn of the next decade.

A closer look at crypto moonshots

One industry where the idea of moonshots has garnered a substantial amount of interest is crypto. This is because the domain, as a whole, is full of projects looking to tackle seemingly complex real-world problems such as instant cross border payments, slow remittances, amongst other things.

Some examples of crypto moonshot projects include Hedera Hashgraph, a platform that allows companies to utilize blockchain technology without them needing to devise their very own protocols or establish an elaborate mining community. It is supported by a number of major mainstream entities including Alphabet (Google’s parent company), IBM, the Tata Group, etc. 

Similarly, RBIS, the native token of the ArbiSmart project, is another offering that has a lot of potential to grow in the near-to-mid term. This is because ArbiSmart is a one of a kind automated crypto arbitrage platform that has been able to deliver low risk, consistent yields while also proving to be a reliable hedge against crypto bear markets, since it generates profits from temporary price differences across exchanges, which emerge with the same regularity whether the market is crashing or climbing.  

In terms of where one can invest in Moonshots, digital asset platform MEXC has quickly transformed into the “go to destination” for these kinds of projects that hold massive investor upside. Numbers wise, the MEXC ecosystem has an active user base of over 7 million people while boasting a collective daily trade volume of $4+ billion. In brief, the platform can be viewed as an all-in-one offering of CEX services, including spot, margin, leveraged ETFs, derivatives trading, and staking.

Furthermore, MEXC’s Pioneer offering is designed to serve as a business incubation accelerator that is focused on cutting-edge blockchain and cryptocurrency projects. To date, the program has supported a little over 100 new projects with MEXC having entered into business engagements with crypto mainstays such as Solana, Polygon, Avalanche, Algorand, Chainlink, NEAR protocol, amongst many others. 

Other potential options worth checking out include Crypto.com, a popular exchange that allows users to gain access to various up-and-coming projects while also offering various other benefits. For example, the project’s native app currently has on offer a total of 420+ different cryptocurrencies, which is twice as many as Coinbase. Another offering in this vein is FTX, an exchange led by the world’s youngest billionaire Sam Bankman-Fried. It features a lot of moonshot offerings while levying low trading fees as well as providing traders with many attractive service options.

Looking ahead

There is no denying that the global cryptocurrency market is primed to keep growing at a staggering pace. To this point, conservative estimates suggest that by 2027, the digital asset sector will reach a projected valuation of $32.4 billion while exhibiting a CAGR of 58.4%. Thus, it stands to reason that as this industry continues to mature, investors will have an opportunity to harness the power of many up and coming moonshot offerings so as to maximize their potential yields.