There’s no question that cryptocurrencies are on the rise, with more and more people investing in them every day. And as the prices of Binance Coin (BNB) and Ethereum (ETH) continue to skyrocket, investors are searching for new altcoins to invest in. So can FIREPIN (FRPN) be traded as high as Ethereum (ETH) and Binance Coin (BNB)? Let’s take a closer look.
FIREPIN (FRPN):
FIREPIN (FRPN) is a decentralized platform controlled and managed by the community. FRPN is a DAO and will therefore be run by the community rather than a centralised team. FIREPIN (FRPN) works with a team of founders who declare that they welcome any ideas and development suggestions for the development of the platform and tokens.
The FIREPIN (FRPN) initiative has quite a strong presence on social media. Due to the increasing reliance on social media generation to generation, this will become an important factor for future cryptocurrencies and FRPN seems to be ahead of the game.
It is stated by their website that the FIREPIN (FRPN) will be supported by many blockchains. It will also be open to cross swap on centralized or decentralized exchanges. In addition, you will be able to transfer your FIREPIN tokens from one chain to another with ease compared to various other bridge services.
In the first phase of the project, the maximum supply of 100,000,000,000 tokens has been determined and 30,000,000,000 of them will be released with pre-sale. It is stated that pre-sales will be made over Binance Smart Chain, Ethereum network, and Polygon blockchain.
FIREPIN has an excellent roadmap that will be encouraging to investors as they progress with the project. FIREPIN (FRPN) has already announced that it will become a DAO in the first quarter of 2023. FIREPIN (FRPN), which states one of its most fundamental values and the most important one as DAO, is proud and excited that the platform will be managed by users and developers.
Ethereum (ETH):
Ethereum (ETH) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. In the Ethereum protocol and blockchain, there is a price for each operation. The general application of Ethereum is a decentralized world computer that allows developers to build and run distributed applications.
These decentralized applications (Dapps) have their own Ethereum-based token, but they can also interact with other tokens on the network, such as Ether (the native cryptocurrency of Ethereum).
The market value of all Ethereum (ETH) outstanding exceeds $353 billion. As of May 2022, Ethereum has the second-largest market capitalization after Bitcoin (BTC), and its popularity as an investment has seen it grow rapidly in recent years. Cryptocurrency exchanges such as Coinbase allow users to buy ETH with fiat currency (i.e. USD, EUR, GBP).
Alternatively, users can mine ETH using special computer hardware designed to solve the Proof-of-Work (PoW) algorithms required by the Ethereum protocol. There are currently over 100,000 people around the world mining ETH. By staking their Ethereum (ETH) in a validator node, users can also earn rewards for supporting the network by verifying transactions (a process known as “mining”). Its long existence supports that Ethereum (ETH) is always a good investment opportunity for investors.
Binance Coin (BNB):
Binance Coin (BNB) is a popular cryptocurrency that was launched in 2017 by the global cryptocurrency exchange Binance. As one of the fastest-growing trading platforms in the world, Binance is well-known for its cutting-edge technology and robust security features. But it is also one of the most active investment hubs for blockchain enthusiasts, thanks to its fast transaction speeds, low fees, and a wide array of supported cryptocurrencies.
Indeed, Binance Coin (BNB) has quickly become one of the most valuable coins on the market, with a current market value of over $14 billion. Whether you’re an experienced trader looking to make big profits on the latest investment craze or just curious about cryptocurrencies in general, BNB offers everything you need to keep up with this dynamic and rapidly evolving market.
Binance, which has proven itself as one of the largest crypto exchanges a long time ago, can provide good profit opportunities to its investors with Binance Coin (BNB).
Conclusion:
While it is impossible to say for certain if FIREPIN (FRPN) can reach the same heights as Ethereum (ETH) and Binance Coin (BNB), the potential seems there. Do your own research before investing. Thanks for reading!
LEARN MORE:
Presale: https://presale.firepin.io/register
Website: https://firepin.io/
Telegram: https://t.me/FIREPINOFFICIAL
Twitter: https://twitter.com/FIREPIN_io
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Source: https://thecryptobasic.com/2022/05/12/can-firepin-frpn-be-traded-as-high-as-ethereum-eth-and-binance-coin-bnb/?utm_source=rss&utm_medium=rss&utm_campaign=can-firepin-frpn-be-traded-as-high-as-ethereum-eth-and-binance-coin-bnb