It’s been a rollercoaster month so far for many of the major cryptocurrencies. Bitcoin (BTC) has been as high as $44,000 and as low as $37,000. Nearly every coin follows the same trend as Bitcoin, resulting in many major swings in price. Over the last seven days, Solana (SOL) and Cardano (ADA) have suffered the most out of the top 10 coins falling 14.3% and 11.2%, respectively. Now could be the perfect time to buy the dip. One project that has escaped the volatility is FIREPIN Token (FRPN). The decentralized protocol continues to make waves in its presale, up 300%! It could be the next crypto millionaire maker.
FIREPIN Token (FRPN)
FIREPIN Token (FRPN) is lighting up the crypto world after a staggering 300% increase in just the first two weeks of its presale. Starting at $0.000067, the token has already risen to $0.000312 at the time of writing. With over a month left of the presale, investors still have a fantastic opportunity to catch some of the impressive gains. Analysts state that if it carries on gaining at the same rate, it could increase by at least 2000% on official launch. That means a $1000 investment could return $20,000!
There are many benefits to holding FIREPIN Token long term. For starters, the project aims to be a complete metaverse community, meaning that all token holders will have a say in how the ecosystem progresses.
Secondly, long-term holders are rewarded every week with extra tokens made possible from a 2% tax applied on all transactions made on the network.
Lastly, FIREPIN Token has many different forms of utility. Funds raised from the treasury will develop a game studio and NFTs. Users will be able to stake their tokens for rewards. There is a unique opportunity to bridge between 5 different cryptos to maximize efficiency in transactions. The five networks will be; Ethereum (ETH), Binance (BNB), Solana (SOL), Avalanche (AVAX) & Polygon (MATIC).
Solana (SOL) is currently the 8th largest cryptocurrency with a market cap of $26 billion. After a fantastic 2021 where Solana was one of the best performing coins, the smart contract platform has been on a steady downward trend since the start of 2022.
$SOL is a highly scalable smart contract platform that can handle up to 50,000 transactions per second. It rose to success in the wake of Ethereum 2.0 being delayed again and again. Solana’s lightning-quick transaction speeds and cheap costs blast Ethereum out of the water. It is no surprise to see that many developers, especially in the NFT world, are beginning to shift to Solana.
$SOL is 68% down from its all-time high price of $259.96. If Ethereum continues to delay the release of ETH 2.0, then Solana could be in line for another explosion in price.
Cardano (ADA) sits 9th in the list of cryptocurrencies by market cap, according to CoinGecko.com. It is worth $25.6 billion at the time of writing and can be traded for as little as $0.79. Like Solana, $ADA finds itself sliding downwards in value and in danger of falling out of the top 10 cryptos despite seeing a 1600% price increase in 2021.
Cardano was created in 2017 by Charles Hoskinson, who also co-founded Ethereum. It is a proof-of-stake blockchain cryptocurrency that aims to improve the efficiency of other smart contracts. The Cardano blockchain was made to distribute decentralized applications (dApps).
If you have a spare $1000 lying around ready to invest, then any one of the three projects here could be a great choice. Solana and Cardano have proven themselves to be good long-term holds, while the presale of FIREPIN Token could provide you with some of the enormous returns seen in 2021.
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