Cardano
Cardano (ADA) is the eighth-largest cryptocurrency by capitalization and was founded in 2015 by Charles Hoskinson, a co-founder of Ethereum. Cardano’s developers have good intentions, seeking to “redistribute power from unaccountable systems to the margins and people” through the use of crypto and the blockchain.
Cardano is a public high-speed blockchain platform. It is decentralised and open-source, with consensus achieved via the use of proof of stake. Its cryptocurrency, ADA, enables peer-to-peer transactions. The network has ambitious plans to include smart contract capabilities which should propel the project to the next level.
ADA is currently trading at $0.97, 27% down from its price this time last week. Cardano set its all-time high price of $3.09 in September 2021 but has been on a steady decline ever since.
As we move into Q2 and beyond, the infrastructure already in place from Cardano should help it achieve an influx of new and experienced investors alike. With the introduction of smart contracts, ADA could and should be able to offer an efficient and reliable alternative to Ethereum which would almost certainly result in massive price appreciation.
Avalanche
Another high-speed blockchain is Avalanche (AVAX). The network can process on average 4,500 per second, and transactions are completed in less than two seconds. The blockchain of AVAX is made up of three chains.
Asset exchange is handled by the X chain, validators are handled by the P chain, and smart contracts are handled by the C chain. When everything is routed through a single network, this streamlines operations and reduces congestion.
Avalanche also has the added benefit of being Ethereum compatible.
Given Ethereum’s popularity in the cryptocurrency realm, this is crucial. AVAX may therefore be used to create a decentralized application developed in the Ethereum programming language by a developer. Avalanche now hosts over 170 projects spanning from decentralized banking to video games.
With over 170 projects spanning from decentralized banking to the Metaverse already being hosted by the Avalanche network, the project is gaining popularity. If AVAX continues on the same trajectory, it could compete with Ethereum and Solana for a slice of the smart contract dominance.
FIREPIN Token
One of the most exciting cryptocurrencies in existence right now is FIREPIN Token (FRPN) and it hasn’t even been officially released on any decentralized exchange (DEX) yet. The Metaverse integrated, Defi blockchain is up 50% this week and looks set to continue its incredible rise into phases two and three of its presale.
If you had put just $1000 into the FIREPIN presale when it started in February, the value of your tokens would now be worth a staggering $29,000. With just over a month of the presale remaining there is still ample time to increase your net worth.
FIREPIN isn’t only about making a quick buck, however. The network aims to become a fully decentralized autonomous organization (DAO) and will reward its long-term holders with extra FRPN tokens regularly. A small percentage of tax will be applied to every transaction made through the network. This will then be used to supply the extra FRPN tokens for holders, as well as fund the FIREPIN treasury for future developments and liquidity.
Investing in FIREPIN Token (FRPN) could be life-changing. The project is looking like it’s going to go on a long upwards run that could match the returns seen by Cardano (ADA) and Avalanche (AVAX) last year.
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Source: https://coinpedia.org/guest-post/cardano-ada-avalanche-avax-firepin-token-frpn/