In tumultuous times, some investors may be wary of investing in cryptocurrency. In fact, they may be keen to take their money out if they feel they are in a position to do so. However, with inflation and the cost of living rising to alarming levels, the money that we have in banks is effectively worthless and less.
Crypto offers the unique opportunity to beat inflation rises by outdoing it with increases in the value of their assets. The world of crypto itself is not immune to real-world events, including Russia’s ongoing invasion of Ukraine.
A sustained dip was followed by a period of recovery for most major cryptos, such as Ethereum (ETH) and Binance Coin (BNB). New projects, like the very promising FIREPIN (FRPN), may not be as well-established as these aforementioned giants but offer investors a chance to get involved on the ground level.
It doesn’t get much bigger than Ethereum (ETH), and in fact, only Bitcoin (BTC) has a larger market cap. As an open-source blockchain platform, it offers millions of developers the chance to execute smart contracts.
Ethereum launched in 2015 and was first featured on leading listings platform CoinMarketCap in August of that year at a price of $0.75. By the time it reached its all-time high of $4891 in November 2021, it had increased by over 600,000%.
Recently it has drifted away from this peak, but with the impending launch of ETH 2.0, it is expected to surpass this and break new records, perhaps even reaching $7000 and higher by the end of the year.
Binance Coin (BNB)
Binance Coin (BNB) sits in 4th place when ranked by market cap. It is, in essence, only one spot behind Ethereum (ETH), considering the stable coin Tether (USDT) is in 3rd place.
BNB is the native token of the Binance Exchange and the Binance Smart Chain (BSC). The fees are significantly lower than those on the Ethereum Network, and users can pay for their transactions with BNB.
In the opinions of many crypto analysts, BNB is always useful to hold in your portfolio. This is due to the size of the Binance Exchange. It is the largest crypto exchange in the world (by daily trading volume), and as a direct result of this, BNB usually reflects the state of the crypto-sphere. For the vast majority of the time, as crypto grows, this is a positive thing.
FIREPIN (FRPN) joins the ranks of other new crypto releases like Lucky Block (LBLOCK) in 2022. Many crypto experts firmly believe it can be as successful as LBLOCK, which shot up 800% in its first three weeks. Targets of $0.0005 and as high as $0.0008 have been mentioned.
The presale of FRPN is just 30 days away from ending, and this gives potential investors plenty of time to become a part of the FRPN project. The main goals for FIREPIN (FRPN) are mostly concerned with the Metaverse, including play-to-earn games and NFTs. The popularity of the Metaverse has exploded in the last six months following Facebook’s rebrand, and FRPN will look to be a part of this ever-growing sector of cryptocurrency.
Join Presale: https://presale.firepin.io/login