Best Cryptos For Passive Income – Litecoin (LTC), Stellar (XLM) & FIREPIN Token (FRPN)

 Best Cryptos For Passive Income – Litecoin (LTC), Stellar (XLM) & FIREPIN Token (FRPN)
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Looking for a crypto investment but fed up with hearing about Bitcoin (BTC) and Ethereum (ETH)?

Look no further than underrated cryptos Litecoin (LTC), Stellar (XLM) and FIREPIN Token (FRPN), which is nearing the end of its hugely successful presale. These under-the-radar assets aren’t as well-known as their more popular counterparts, but they have unique characteristics that could drive long-term growth and make for a reliable passive income stream. 

Let’s delve a little deeper.

Litecoin (LTC)

Litecoin (LTC), which was founded in 2011, is the second-oldest public crypto after Bitcoin (BTC), which was launched in 2008. Despite falling behind newer competitors, the network continues to serve as a faster alternative to Bitcoin (BTC).

Bitcoin (BTC) and Litecoin (LTC) appear very similar to one another on surface level. Both use a proof-of-work (PoW) mechanism to verify transactions, in which miners solve computational puzzles in exchange for new coins. Neither supports dApps, which are blockchain-based services that use self-executing smart contracts.

Litecoin (LTC) can process 56 transactions per second compared to Bitcoin’s (BTC) lowly seven. And, with a market cap of just $7.8 billion, it’s a lot less expensive than Bitcoin (BTC), which is currently worth $770 billion.

Litecoin (LTC) also has a vibrant development team that will help it remain relevant in the long run. The platform’s Mimblewimble upgrade was released in January, with the goal of improving the network’s security and privacy by allowing confidential transactions on its ledger. Changes like this could help the coin carve out a place for itself in the market.

Stellar (XLM)

Stellar (XLM) is a decentralised cross-border payment network built on the blockchain. In the face of stiff competition from similar cryptos, the platform’s massive addressable market and impressive technical capabilities could help it stay relevant.

The digital remittance market is expected to grow at a compound annual growth rate (CAGR) of 15% to $37 billion by 2028, according to Facts and Factors, as international migration trends encourage workers to send money back to their home countries. 

Stellar (XLM) aims to provide a low-cost, easy-to-use method for these individuals to move money without relying on centralised financial institutions, which are slow and costly. While almost any crypto can perform this function, Stellar (XLM) has a distinct advantage due to its speed.

The network can process 3,000 transactions per second, far outpacing Bitcoin (BTC) and Ethereum (ETH), which can only handle seven and fifteen transactions per second, respectively. 

Despite its advantages, Stellar (XLM) has been eclipsed by its larger rival Ripple (XRP), which also focuses on cross-border payments and attracts the majority of investor interest due to high-profile partnerships with major financial institutions. 

Regardless, Stellar (XLM) stands out because it focuses on regular people rather than banks. With a market cap of only $5 billion, it is a much more affordable alternative to Ripple (XRP), which is worth $37 billion.

FIREPIN Token (FRPN)

FIREPIN Token (FRPN) is a new crypto designed especially for use in the Metaverse, allowing transactions to be completed quickly and cheaply by utilising the most efficient blockchain at the right time.

Since its presale, which began in late February, it has had an impressive early-stage success, enjoying a price increase of over 150%, indicating that it has what it takes to revolutionise the crypto market.

This Metaverse-based token aims to address a major issue in the crypto industry by offering a multi-chain solution as well as a community-driven system focused on metaverse-based gaming, NFT games, and 3D technologies.

It comes at a pivotal point in Web 3.0 history, with Facebook changing its name to Meta in October of last year to reflect its new focus, while many other businesses and individuals are looking for more decentralised cryptos to invest in.

The value of FIREPIN Token (FRPN) has increased by 285% since the presale began, and continues to rise, with a 96% increase in value taking place in just one week. 

The token aspires to become the leading Metaverse and NFT game development crypto for those looking to sell, buy, and trade virtual goods in the Metaverse, and presale statistics seem to show that it can accomplish that goal even before launch. 

Holders of the FIREPIN Token (FRPN) will be able to vote on how the crypto evolves and changes over time, as the project plans to become a DAO. Long-term investors are also rewarded weekly with more FRPN, thanks to the token’s reflection process, which imposes a 2% tax on all transactions and distributes a portion of the revenue back to holders.

The total supply of FIREPIN Token (FRPN) is expected to be 100 billion tokens across all protocols, with 30 million tokens set aside for the presale, which will run until mid-May. This means this is the last chance for potential investors to get in on FIREPIN Token (FRPN) at its lowest ever price before it potentially skyrockets on launch. 

Verdict

Litecoin (LTC), Stellar (XLM) and FIREPIN Token (FRPN) live in the shadows of their bigger competitors. But crypto isn’t a zero-sum game, and the industry is large enough to support a variety of blockchains with similar functions. These three assets might deserve a place in your crypto portfolio due to their lower market caps and niche advantages. 

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