New coins and initiatives are constantly appearing in the realm of cryptocurrency. While some projects fall into oblivion, others establish themselves as significant participants in the cryptocurrency market.
We’ll examine three of the fastest rising cryptocurrencies in this article: Avalanche (AVAX), Enjin Coin (ENJ), and Pacman Frog (PAC).
Let’s look at each one and see what it has to offer. Since each project has its own set of specialisations and applications, let’s get started.
Avalanche (AVAX)
Avalanche (AVAX) is a decentralised application platform (dApp) that was created in 2020 to host decentralised applications (dApps), which are programmes that provide on-chain services through self-executing smart contracts.
The network is characterised by its unique method of burning. In cryptocurrency, burning a token transfers it to an unreachable address, essentially removing it from circulation.
Similar to stock buybacks, this practice may increase the price of a token by lowering supply for a given amount of demand.
Since Avalanche burns all transaction fees on its network, the token supply lowers as the platform grows in popularity.
The AVAX supply is limited to 720 million coins, which implies that no new coins may be minted, amplifying the effect of the coin-burning process.
Additionally, the network can process 4,500 transactions per second (TPS), greatly above the current market leader, Ethereum (ETH), which can process just 15 transactions per second.
Enjin Coin (ENJ)
Enjin Coin is an initiative of Enjin, a firm that offers a linked ecosystem of blockchain-based gaming goods.
The Enjin Network is the company’s main product, a social gaming network that enables users to build websites and clans, communicate, and run virtual goods shops.
Enjin enables game producers to use the Ethereum blockchain to tokenise in-game assets.
It utilises Enjin Coin, an ERC-20 token, to back the digital assets released via its platform, allowing for the purchase, sale, and trading of products with real-world value.
Enjin Coin was introduced in July 2017 and became live on the Ethereum mainnet in June 2018. Enjin Coin (ENJ) is a digital store of value used to support the value of non-fungible blockchain assets such as tokens (NFTs).
Each asset coined on the Enjin Platform includes ENJ, a minting resource securely stored in NFTs and withdrawn from circulation.
With the proliferation of NFTs and play to earn games, Enjin Coin (ENJ) is a sound long-term investment.
Pac-Man Frog (PAC)
While everything is brand new in GameFi, it’s unsurprising that the most significant breakthroughs are still occurring in these initiatives.
Despite its relative youth in this industry, Pac-Man Frog (PAC) is another potential currency. We think that the NFT and GameFi projects will usher in one of the most extraordinary eras in the cryptocurrency industry.
PAC develops innovative and beneficial solutions, most notably in GameFi NFT markets, on the decentralised Solana (SOL) Blockchain. Its mission is to provide an incubator for game creators and to help them reach worldwide markets.
Although it is being offered as a presale GameFi token, Pac-Man Frog (PAC), which we hear a lot about, offers a slew of qualities that would enable the development of a successful and unique cryptocurrency gaming system.
Pac-Man Frog (PAC) is a cryptocurrency that may be acquired via the BoostX site where presale coins can be purchased or it can be obtained directly through the coin’s website.
BoostX is a blockchain-based investment platform that provides a fair, open, and transparent distribution method for early-stage private presale investors.
Pac-Man Frog (PAC), which will have a maximum quantity of one billion coins, will be available for purchase using Tether (USDT) and other cryptocurrencies.
While Avalanche (AVAX) and Enjin Coin (ENJ) have previously shown their metal, PAC is now in presale and will begin trading on an exchange within the next few weeks. Orders for the presale may be made directly via Pac-Man Frog’s website.
You may combine all three coins for the potential of incredible future rewards.
Presale: https://presale.pacmanfrog.io/
Website: https://pacmanfrog.io/
Instagram: https://www.instagram.com/pacmanfrogsocial/
Telegram: https://t.me/PACMANFROGOFFICIAL
Twitter: https://twitter.com/PacmanfrogToken
Keywords: Cryptocurrency, Avalanche, AVAX, Enjin Coin, ENJ, Pac-Man Frog, PAC, Ethereum, ETH
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Source: https://www.thecoinrepublic.com/2022/05/06/fastest-growing-cryptocurrencies-in-q2-2022-avalanche-avax-enjin-coin-enj-and-pac-man-frog-pac/