Sunday, March 3, 2024
HomePoliticsDigital currency FIREPIN stays green even as Shiba Inu, Sandbox fall by...

Digital currency FIREPIN stays green even as Shiba Inu, Sandbox fall by almost 10%

If you’re a Decentralised Finance (DeFi) enthusiast, it’s only logical to invest in coins you can entirely trust. You may even prefer sticking to the mainstream tokens… However, if you want to become successful in Crypto, it’s key to recognise the coins that are emerging today.

For example, you’ve probably heard of projects such as Shiba Inu (SHIB) and The Sandbox (SAND), but you should absolutely pay attention to the rising FIREPIN (FRPN). Although SHIB and SAND are both in the top 50 coins on CoinMarketCap, now is the best time to invest in FRPN because it is currently in presale and has already shown impressive growth.

Shiba Inu (SHIB) 

The viral meme coin Shiba Inu (SHIB) hit an all-time high of $0.00003791 last May, shooting its way up in the Crypto space. However, the value of SHIB has been steadily declining since then. For instance, its price in value has decreased by 8% in the last 24 hours alone.

Experts believe that because of the massive amount of capital necessary, Shiba Inu (SHIB) is very unlikely to reach a penny. A single token price of $0.01, for example, would imply a market capitalisation in trillions of dollars.

Furthermore, some analysts assert that meme coins like SHIB have only risen as a result of social media virality, rather than due to their unique or efficient fundamentals. Hence, SHIB may not be your best option in the metaverse since its future isn’t very promising.

The Sandbox (SAND)

The Sandbox (SAND) provides users with a virtual reality where individuals can own, build, and sell virtual assets and gaming experiences all while having fun. Moreover, Snoop Dogg is one of the project’s many influencers, which helps to promote the coin.

Despite its popularity, SAND has earned some scepticism from Crypto investors. A key concern has been the lack of decentralisation in the server hosting The Sandbox platform. The game is presently hosted on Amazon Web Services (AWS), which creates a single point of failure.

Furthermore, critics have noted that SAND’s platform and its Marketplace are now running on the Ethereum (ETH) blockchain, which has made it nearly impossible for gaming projects to transact on the chain due to recent increases in gas fees. Therefore, making it less accessible to investors.

Overall, its value has gone down by 9% in the last 24 hours alone and it does seem to be quite a risky investment especially as users can only spend SAND tokens in the game, which one could argue – restricts long-term potential.

So far, it’s reasonable to assume that a Crypto’s popularity does not always determine the success of its journey.

FIREPIN Token (FRPN) – A Rising Gem

FIREPIN (FRPN) is a project DeFi enthusiasts should keep their eyes on. The presale for FRPN only started recently, yet early investors have already experienced a spiking 150% return.

Analysts also predict that the token’s value will now increase from $0.000067 to $0.0008. Thus, now is a fantastic time to invest in this emerging coin, as its future appears to be bright.

FRPN provides a variety of unique services. For starters, users will have access to five major smart contract networks: Binance (BNB), Ethereum (ETH), Polygon (MATIC), Solana (SOL), and Avalanche (AVL) (AVAX). As a result, individuals will have the freedom to find the most cost-effective and fastest network between the five options.

A further prominent advantage is that it’s community-based. Its White Paper reveals that the project will be a Decentralised Autonomous Organisation (DAO), which implies that token holders would be able to directly contribute to future decisions.

As a whole, this demonstrates FRPN’s goal of becoming a completely transparent and decentralised system based on three essential pillars: trust, openness, and community.

Overall, the FRPN team aspires to develop the largest community in the metaverse as well as create an exponential rise in its value over time.

Investing in upcoming projects with credible utility is your best bet for a bundle of long-term rewards. FRPN is an ideal fit, especially as it’s still in its early stages and has a long way to go.

Join Presale:  

(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.)

Also read: Make millions by investing now in Altcoins — invest in Chainlink, Litecoin, FIREPIN

Source: The Print

- Advertisment -

Most Popular

Recent Comments