Investing in cryptocurrencies such as FIREPIN Token (FRPN), Solana (SOL) or Uniswap (UNI) for the first time is a nerve-wracking moment and why wouldn’t it be?
You’re venturing into a volatile financial market investing your hard-earned money into a virtual coin that, depending on your research, could earn you a profit or leave you regretting you ever decided to enter the industry in the first place.
Like I mentioned before, research is incredibly key if you want to truly understand the market in which you invest in.
One token that looks not only like a credible altcoin but one that could flourish is FIREPIN Token (FRPN).
FIREPIN Token (FRPN)
Having begun phase 1 of its pre-sale this past week, FIREPIN Token (FRPN) is a community-led protocol that enables crypto holders to transfer value across several blockchains.
Its multi-bridge capability will allow users to exchange funds between the blockchains of Solana (SOL), Avalanche (AVAX), Polygon (MATIC), Binance Smart Chain (BSC) and Ethereum.
The interoperability of these blockchains will allow holders to choose the blockchain they desire to undertake its transaction taking in the speed and cost-effectiveness of the transaction.
With just days since the launch of the pre-sale, some analysts believe the FRPN token can still surge by at least another 1000%, demonstrating the bargain investors could have should they invest in the token, which officially launches in May.
On each transaction for an FRPN token, there’s a 6% tax with 2% being airdropped to current users.
Alongside its aims to connect the ecosystems of multiple blockchains, FIREPIN aims to make NFT games and develop 3D and metaverse VR games through the money that its users put in the treasury fund.
There’s a total supply of 100 billion FRPN tokens with just 30 billion available to purchase during the pre-sale.
Solana (SOL)
Ranked as the ninth biggest cryptocurrency in the world, according to CoinMarketCap, Solana (SOL) is certainly one of the big hitters when it comes to the crypto industry.
Solana is a decentralised blockchain that is built to support smart contracts and offers high transaction speeds.
Solana’s hybrid of the proof-of-history and proof-of-stake algorithm allows the network to potentially process over 710,000 transactions per second (TPS).
Consistently labelled as an ‘Ethereum killer’ due to its blockchain speed and more eco-friendly methods, the network remains vulnerable to centralisation due to a lack of blockchain validators.
The SOL token has trended downwards in the past 30 days, suffering a 26.9% drop, and is currently trading at $82.26, at this time of writing, a 68.4% drop from its all- time high of $259.96 in November 2021.
Uniswap (UNI)
Uniswap is a leading decentralised cryptocurrency exchange that operates on the Ethereum blockchain.
While the exchange is a successful one, its UNI token has shared in the glory, recently surpassing Ethereum (ETH) to become the most traded token by the 1000 biggest Binance Smart Chain (BSC) whales, according to WhaleStats.
Despite suffering a drop of 16.1% in the past seven days and 3.1% in the past 24 hours, Uniswap released exciting news this past week by launching an interface that
converts Ethereum (ERC-20) tokens such as Aave (AAVE), Decentraland’s MANA and Chainlink’s LINK into Ethereum (ETH).
This was done in support of Ukraine during its invasion by Russia as the previously mentioned tokens are subsequently sent to the crypto wallet addresses of the Ukrainian government.
Join Presale: https://presale.firepin.io/login
Website: https://firepin.io/
Twitter: https://twitter.com/FIREPIN_io
Telegram: https://t.me/FIREPINOFFICIAL
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
