In the past couple of years, cryptocurrency has surpassed all imaginable records and has come to the forefront of the technological sphere. With over 1,000 blockchains currently operating and more than 18,000 cryptocurrencies in existence, it’s safe to say that the only way for the market is upwards.
If you are a crypto enthusiast, chances are you have already heard of the new coin FIREPIN Token (FRPN), all set to release, and it has taken the market by storm with its presale.
What is FIREPIN Token (FRPN)?
FIREPIN Token (FRPN) emerged on February 25, 2022. Its purpose is to become a community-driven DAO (decentralized autonomous organization cryptocurrency). FIREPIN’s whitepaper states that the builders hope to promote a long-term rapid rise in the Token’s value, by building the largest community in the crypto world and tokenomics.
The prime objective of the token is focused on developing the NFT industries and the Metaverse. The investments for these spheres will be generated from the treasury fund financed by FIREPIN’s transactions, and the portions of these transactions will be sent to the treasury fund. Can this remarkable Token become a success story like SOL and TERRA? Let’s find out.
The History Of Solana (SOL) And Terra (LUNA)
Like Cardano (ADA), Solana is an open-source, public blockchain. It supports NFTs and a variety of decentralized applications. The SOL token is native to the Solana blockchain and provides network security by staking and transferring value.
Solana is one of those coins that has made its investors very happy ever since its presale. Since its arrival in April 2019, Solana’s price has skyrocketed, and as of November 2021, it was trading for over $200. According to CoinMarketCap.Com, Solana is one of the 10 leading most valuable cryptocurrencies in terms of market capitalisation.
Had you invested 100 dollars when Solana was launched, by March 2022, you would have had over $250,000 in your wallet.
Another leading coin, Terra (LUNA), soared during its presale and owned the market in 2021. Throughout 2020, tons of new coins emerged, and crypto experts have reason to believe that the growth of these same coins is the backbone of the crypto industry. Terra has aimed to build a programmable algorithmic stablecoin, which would be available on all blockchains.
Terra has not been a cause of disappointment, and if you had invested $100 when it launched, you would have over $32,000 today.
How Can FIREPIN Token (FRPN) Compete With Solana (Sol) And Terra (LUNA)?
FIREPIN Token’s journey has not even started yet, so it’s too soon to assume anything. However, its presale launched at the end of February. Since then, it has taken the market by storm, indicating it indeed carries remarkable potential.
FIREPIN Token plans to invest directly into P2E games, along with the NFT marketplace and the Metaverse. This illustrates that the token has the potential to make its mark. 2021 witnessed a lot of growth in the Metaverse and NFT game development. Since FRPN is also working on these two spheres, it is worth keeping an eye on.
The token offered a 3% referral incentive to first phase holders. It will connect Polygon (MATIC), Ethereum (ETH), Binance Smart Chain (BNB), Solana (SOL), and Avalanche (AVAX).
Furthermore, an increase of over 350% has been observed in FRPN since its presale started. These numbers demonstrate that people have high hopes for FRPN, and it will indeed outperform once it is launched.
Although the token is still yet to launch, the presale numbers continue to rise drastically. The presale started at $0.000067 and has substantially skyrocketed since. Experts speculate that this might be the best time to invest in FRPN. The official launch date of FIREPIN Token is May 27. With some days to spare for the launch, now would be the best time to invest in the token.
For More Information About FIREPIN Token