Thanks to the rapid development of blockchain technology, it is now possible to invest strategically in certain tokens. Whilst short term trading can be extremely volatile, a long term approach can be very beneficial.
If you’re wondering which Decentralised Finance (DeFi) projects to invest in right now, you’ve come to the right place. Ethereum (ETH), Solana (SOL), and FIREPIN Token (FRPN) are three of the market’s most valuable coins. Putting your faith in the path of these three altcoins will almost certainly convert your financial fantasies into reality.
Ethereum (ETH) – A Leading Altcoin
Since its initial coin offering (ICO) in 2015, Ethereum (ETH) has risen to become the highest-ranking altcoin. The smart contract blockchain achieved a staggering 425% gain last year. It’s important to remember that ETH is more than simply a payment system; it’s a marketplace for DeFi services, games, and apps – and it won’t steal or censor your data.
As a result, by providing a multi-purpose platform, it confirms its position as one of the most efficient cryptos on the market. Furthermore, if the current positive trend continues, its price might conclude 2022 between $6,500 and $7,500 with some estimating it could hit $10,000.
Solana (SOL) – The Alternative
Solana (SOL) is another well-known altcoin that has the potential to make you millions of dollars. With a current price of $105.30, SOL is the seventh most valuable Cryptocurrency. The value of SOL has declined 6.4% in the last week but saw meteoric rises throughout 2021, increasing in value by 11,000%.
Solana achieves rapid transaction speeds through the use of a Proof of History (PoH) mechanism, with the ability to handle 50,000 transactions per second. As a result, it has proven its efficiency and established itself as a trustworthy DeFi project to invest in.
SOL tokens are now one of the most staked assets, with about $40 billion in SOL staked across several protocols. Solana is also a leading blockchain for the development and transactions of NFTs. The notorious high gas fees on Ethereum (ETH) have made a lot of traders make the switch to the faster and cheaper Solana network.
The Millionaire Maker – FIREPIN Token (FRPN)
FIREPIN Token (FRPN) is a DeFi project that has all the fundamentals to make you a fortune. FRPN is a newly created Cryptocurrency with the capacity to transfer funds across blockchains, providing investors with maximum efficiency.
Token holders will have access to five different smart contract networks: Binance (BNB), Ethereum (ETH), Polygon (MATIC), Solana (SOL), and Avalanche (AVAX). This unique feature will allow users to choose between the five networks daily to execute the most cost-effective and efficient network transactions.
A 6% tax fee will be taken for every transaction made on the FRPN network. From this, 2% will be added to the liquidity pool, 2% will be used for marketing development and the remaining 2% will be evenly redistributed between active FIREPIN Token wallets.
The presale for FRPN began in February 2022 at a price of $0.000067. Since then, the altcoin has risen by a staggering 2800% and is now worth $0.0021. With a month of the presale remaining there is still a tremendous chance that the token will continue rising in price at the same speed.
Looking at the history of presales for the likes of Ethereum (ETH) and Filecoin (FIL) we can see that the earliest investors made a lot of money whilst the networks have continued to grow and develop at incredible rates. Could FIREPIN Token (FRPN) be the next big DeFi protocol to explode?
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