The cryptocurrency market is one that takes some getting used.
A coin can be up 50% one week and down 10% the following week, at the flip of the coin.
The volatility and unpredictability of the crypto industry is one that both helps and hampers its cause.
On one hand, someone may earn $100,000 from an investment whereas another individual may get rug pulled for that same amount.
That’s where research comes in and is the foundation for cryptocurrency investing.
The likes of FIREPIN Token (FRPN), Ethereum (ETH), and Decentraland (LAND) have all earned relative scales of success with the former in its initial stages of growth and the penultimate and latter already establishing themselves as a major player in the crypto market.
FIREPIN Token (FRPN) procures $1 million in liquidity
With just 10 days remaining in phase 1 of FIREPIN Token’s presale, the project announced the procurement of $1 million in liquidity, a massive step in FIREPIN’s journey as they’re able to reduce the risk of the FRPN token being subject to market volatility.
Buying and selling of the token can be confirmed quickly without having a massive effect on the token due to the $1 million in liquidity being confirmed.
For those who may have still doubted FIREPIN Token and their potential, this illustrates just how far they can go.
Following its launch on May 27th, FRPN is scheduled to be listed on both PancakeSwap (CAKE) and Uniswap (UNI), two of the leading cryptocurrency exchanges in the industry.
Ethereum (ETH) staggers following period of prosperity
Whenever there’s an ascent or descent in Ethereum’s (ETH) performance, regardless of size, it will become news and that’s down to the influence Ethereum has in the digital asset space as its the second biggest cryptocurrency in the world, with a market cap of over $417 billion, according to data from CoinMarketCap.
After reaching a value of almost $3,600 this past week, ETH suffered a slight dip of 2% in the past 24 hours, as it currently trades at $3,446.113, at this time of writing.
Despite the dip, Ethereum has enjoyed a profitable month, surging 31.5% in the past 30 days.
The strong performance of ETH in 2022 means that crypto analysts from CoinPriceForecast have predicted that ETH will end 2022 with a price of $4,543.
Decentraland (LAND) facing competition from Shiba Inu (SHIB)
For those reading this headline and are confused, the projects aren’t competing against each other in the cryptocurrency market, but instead in the virtual world.
Shiba Inu (SHIB) recently announced their intention to enter the metaverse with users able to buy plots of land, like users can in Decentraland (LAND).
According to market experts, Shiba are directly attempting to compete with Decentraland within the metaverse.
It’s been a recent period of fluctuation for LAND, who after a growth of 9.1% in the past 14 days, the cryptocurrency has declined 3.7% in the past week as LAND is currently valued at $2.62.
According to Tech News Leader, LAND will end 2022 with a valuation of $5.58, in what would be extremely close to its all-time high of $5.85, reached in November 2021.
Join Presale: https://presale.firepin.io/login
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Source: https://cryptodaily.co.uk/2022/04/firepin-token-frpn-obtains-1-million-in-liquidity-while-ethereum-eth-and-decentraland-land-stagnate