Meme tokens such as Dogecoin (DOGE), Shiba Inu (SHIB), and Parody Coin (PARO) are generating a lot of interest among the crypto community.
Let us discuss the potential of these three tokens and whether you can gain handsome returns by investing in these coins.
Dogecoin is the original pioneering meme token that started the trend of powerful communities backing a coin. After receiving strong celebrity support from the likes of Elon Musk, DOGE witnessed a price spike that remains unmatched to date. Only another meme token, Shiba Inu could perhaps claim the same growth in such a short period of time.
Meme tokens tend to leverage the power of community and have created a separate investment niche in the cryptocurrency world. The DOGE token is currently trading at $0.13 and could be added as it’s the most important meme token. It has seen widespread adoption and is accepted as a payment method on many platforms.
Shiba Inu followed in the footsteps of DOGE but has carved out a separate identity for itself. The SHIB token has delivered mind-boggling returns of 46944580.1% to date and is poised for more growth. It is currently exchanged hands at $$0.00002647 and given its low price, huge volumes can be bought by even retail players.
Shiba Inu has disclosed plans to launch a metaverse empire bringing about strong utility and adoption for this token.
The PARO token is currently in its presale phase and you can buy it through this link. The Parody Coin has introduced greater utilities and provides the ability to earn a passive income. It will also host an NFT marketplace, and a metaverse.
The coin is poised for growth as it has cross-chain compatibility and the ParoSwap can be used to transfer tokens to other blockchain networks. The cross-chain support is an increasingly useful aspect demanded by the developer community. When deploying tokens and dApps for a new project, a developer might want to use the facilities on other blockchain networks. At present, the process is difficult and involves separate deployment on each chain. However, using PARO network can eliminate this need as it has a built-in mechanism for cross-chain transfer. The coin will be listed on the popular decentralized exchange PancakeSwap as it has been built on the BEP-20, Binance Smart Chain.
The Parody Coin will also enable users to mint NFTs through parody versions of popular NFTs. The original owner can stake a claim to these NFTs by deciding to burn the original version. Moreover, the PARO token will also generate a passive income by providing all user wallets with 5% of the revenue share from transactions.
As we can see, Parody Coin has taken the concept of meme tokens further by providing strong use cases. A meme token backed by the cryptocurrency community along with strong utility can be a potentially strong investment. With utility comes adoption and with more people purchasing tokens, PARO could explode in 2022. It could be considered if you’re looking for a new investment opportunity.
The Parody Coin will target big revenue opportunities in the form of NFTs and the metaverse space as these two are budding sectors within the cryptocurrency universe.
All three tokens discussed above have strong prospects leading into 2022. All three have strong community support and PARO seems to be gaining the interest of investors. Catching such small-cap coins early during the presale phase can yield greater returns over time.
Click on the links below to learn more about the PARO coin. You can also follow the token’s progress on social media channels such as Twitter and Instagram where the team posts regular updates.