FIREPIN Token: the Hot Token to Watch as Algorand & Polygon Suffer Slumps

The great thing about cryptocurrencies is that anybody can buy them. There’s no discrimination, no socio-economic barrier that keeps you from getting involved, and that’s a major reason why the decentralized industry continues to gain recognition and become a real rival to centralized financial institutions.

Anybody can invest in cryptos like Algorand (ALGO) or Polygon (MATIC) and benefit from the financial gains. Many people invested in the presale of FIREPIN Token (FRPN) in a move that has led these particular investors to success.

With just over eight days remaining until the project reaches phase two, the opportunity for considerable investment remains.

FIREPIN Token (FRPN) on Track for Success

By all means, It’s been a successful presale for FIREPIN Token (FRPN) so far. The token has rise over 350% since the launch of its presale, and the cryptocurrency is showing no signs of slowing down.

Recently announcing the lock of $1 million in liquidity, the project has now achieved market stability of the FRPN token when being bought or sold quickly.

FIREPIN has attained good liquidity, which means the FRPN value will not be affected when investors purchase the token on PancakeSwap (CAKE) and Uniswap (UNI) in the coming months.

Aiming to make its mark in the virtual world, FIREPIN has plans to invest in the 3D industry, the metaverse and NFT space, and develop play-to-earn (P2E) games.

Demonstrating its versatility, FIREPIN is also deploying multi-chain integration between the blockchains of Polygon (MATIC), Binance Smart Chain (BSC), and Ethereum (ETH) for a better user experience.

Launching on May 27th, time is ticking for FIREPIN with opportunities to get in early becoming smaller each, so don’t let this chance pass you by.

Algorand (ALGO) is Red Across the Board

Algorand (ALGO), a blockchain platform and a digital currency, has been having a tough go. Aiming to process many transactions simultaneously, similar to Mastercard and Visa’s financial companies, Algorand is a direct rival to Ethereum due to its ability to host blockchain-based projects and other cryptocurrencies.

Down almost 43% in the past year, ALGO has struggled to muster up any sort of consistent growth. And since that, it has continued to dip, suffering a 12.6% slump in the past seven days.

Having reached its all-time high (ATH) of $3.56 in June 2019, ALGO’s current price of $0.805019 is a 77.5% decrease from its ATH.

Algorand (ALGO) is currently ranked as the 30th biggest cryptocurrency in the world, according to data from CoinMarketCap, but could soon drop out of the top 30 should its slide continue.

Polygon (MATIC) Growth Grinds to a Halt

Despite the growth of 316.6%, Polygon (MATIC) finally hit as it dipped in price by 7.2% in the last 24 hours, as per CoinMarketCap. Having hit its all-time high of $2.92 in December 2021, MATIC currently trades at $1.54.

Polygon has become a staple of the crypto industry and the poster-child of the Web 3.0 era as a technology platform that enables blockchains to connect and scale.

Crypto Trading

According to technical analysis from TradingBeasts, they are particularly bullish on MATIC. They predict it will reach an average price of $4.15 by the end of 2022, a figure that smashes MATIC’s current ATH.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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