It’s been a rollercoaster month so far for many of the major cryptocurrencies. Bitcoin (BTC) was as high as $44,000 and as low as $37,000. Almost all coins follow the same trend as Bitcoin, which leads to many large price fluctuations. Over the past seven days, Solana (SOL) and Cardano (ADA) suffered the most from the top 10 coins down 14.3% and 11.2%, respectively. Now might be the perfect time to buy the dip. One project that escaped 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% surge in just the first two weeks of its pre-sale. Starting at $0.000067, the token has already risen to $0.000312 at the time of writing. With over a month until the presale, investors still have a fantastic opportunity to capture some of the impressive gains. Analysts say that if it continues to gain at the same rate, it could increase by at least 2000% at official launch. This means that a $1,000 investment could return $20,000!
There are many advantages to holding a FIREPIN token for the long term. To begin with, the project aims to be a complete metaverse community, which means that all token holders will have a say in how the ecosystem progresses.
Second, long-term holders are rewarded weekly with additional tokens made possible by a 2% tax applied to all transactions made on the network.
Finally, FIREPIN Token has many different forms of utility. The funds collected from the Treasury will allow the development of a game studio and NFTs. Users will be able to stake their tokens for rewards. There is a unique opportunity to bridge 5 different cryptos to maximize transaction efficiency. 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 capitalization of $26 billion. After a fantastic 2021 where Solana was one of the top 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 found success following the constant lag of Ethereum 2.0. Solana’s lightning-fast transaction speeds and cheap costs blow Ethereum out of the water. It’s no surprise to see that many developers, especially in the NFT world, are starting to turn to Solana.
$SOL is down 68% from its all-time high of $259.96. If Ethereum continues to delay the release of ETH 2.0, then Solana could be in line for another price explosion.
Cardano (ADA) ranks 9th in the list of cryptocurrencies by market capitalization, 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 on the decline in value and risks falling out of the top 10 cryptos despite 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 designed to distribute decentralized applications (dApps).
If you have a spare $1,000 ready to invest, then one of the three projects here might be a great choice. Solana and Cardano have proven to be good long-term catches, while the FIREPIN Token pre-sale could provide you with some of the huge returns seen in 2021.
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Join the presale: https://presale.firepin.io/login