Can FIREPIN Token Reach the Heights of Ethereum & Binance?

Roxanne WilliamsApril 21, 2022Last Updated: December 6, 2023

FIREPIN Token (FRPN)

FIREPIN Token (FRPN) could be one of those cryptocurrencies you hear about that has made over 20,000% gains in the near future. The fundamentals that FIREPIN offers aren’t seen in any other crypto.

Firstly, FRPN can be utilized as a multi-chain currency that will allow you to bridge between five different blockchain networks to find the most efficient at any given time. Ethereum, BNB Chain, Solana, Avalanche, and Polygon are the five blockchains. If you’re an avid NFT trader, then this will help you greatly as you may be able to shift your expensive Ethereum gas fees to another cheaper and quicker network.

Secondly, FIREPIN Token is all about its community. As a decentralized autonomous organization (DAO), FRPN holders will be able to vote on the future of the platform and where funds raised by the treasury should be spent. A regular airdrop will reward long-term holders with additional FRPN tokens for their continued project backing.

A presale provides you with one of the greatest opportunities to maximize the value of your portfolio. By investing in a presale, you are buying into a project when its cost is lower than if it were on the general market. With this opportunity comes risk, but with risk often comes reward.

Many believe that the price of FIREPIN Token could continue to increase more than it already has. Since February, FRPN has risen by 3332% and came on to the scene. With a month of the presale left to go, there is a chance we could see at least another 2000% increase.

Ethereum (ETH)

Ethereum is the second-largest cryptocurrency by capitalization and the primary competitor to Bitcoin (BTC). Ethereum surpasses Bitcoin in a variety of areas, including transaction speeds. The Ethereum network is widely used for decentralized applications (dApps), such as smart contracts, which enable two parties to conduct legal transactions without using a third party.

Ethereum hosts several efforts promoting decentralized finance (DeFi) and non-fungible tokens (NFTs). Ethereum is migrating to its upgrade of ETH 2.0, which should dramatically improve the slow speeds and high costs that plague the network currently. When ETH 2.0 launches, the price of ETH is expected to explode, with some saying that could be the turning point in it toppling Bitcoin for the first time.

Binance (BNB)

Binance (BNB) is the world’s largest cryptocurrency exchange. Compared to Coinbase, the second-largest exchange, Binance receives over 30 million more weekly visits and four times the volume of trades. As cryptocurrency’s worldwide popularity grows, the majority of new investors will likely utilize Binance.

BNB can be used for a variety of different purposes. You can simply buy and hold it long-term and cash out when you’ve made a profit. Another option is to buy BEP20 tokens on sites such as PancakeSwap (CAKE). Finally, you can use your BNB to stake, pool tokens to earn rewards and interest, and use them to buy into initial coin offerings (ICOs) listed on the exchange.

Binance is now the third-largest cryptocurrency by market capitalization (excluding Tether). With many experts forecasting Bitcoin to reach $100,000 soon, it is expected that altcoins will follow suit. There is no reason to suppose that BNB will not hit the four-digit mark if this is true. Some analysts believe that along with Ethereum, Binance could be the one that dethrones Bitcoin from its perch at the top of the cryptocurrency tree.

If you want a safe bet with your investments, ETH and BNB could be solid holds. For the more adventurous of you out there, an investment in FRPN will provide slightly more risk, but ultimately your returns will be significantly higher.