At the forefront of technological advancement right now is cryptocurrency, with over 17,000 cryptos existing around the world, it’s safe to say that the market is likely to see more growth.
Solana (SOL) and Ethereum (ETH) have made their stand as two of the world’s top dogs in blockchain technology, ranking 6th and 2nd respectively. One new crypto is being talked about right now in the blockchain community and it’s FIREPIN Token (FRPN).
We will take a look at the unique selling points of these three coins; the two giants and the newbie. This will enable us to discover if the newbie can match up to what the giants have achieved and join their league. Let’s get started.
FIREPIN Token (FRPN)? What is it?
FIREPIN Token (FRPN) is a new crypto that began its presale back in February. It aims to become a completely community-driven DAO currency. According to its whitepaper, it says that they hope to build one of the world’s biggest communities for crypto and facilitate the growth of the value of its native token. This gives the users the power to decide what happens regarding the future of the token.
This blockchain platform states that it plans to make use of the treasury funds that are assigned to users in Metaverse Virtual reality as well as NFT games.
They also plan to help connect the top 5 leading blockchains in the world. With such, users will be able to fill a void in the market that doesn’t allow them to access different blockchains of choice when they wish to. This will let them utilise all of the blockchains FIREPIN is available on, this alternative will stop costly bridging across chains and maximise gains.
Solana (SOL) and Ethereum (ETH): Brief History
Solana (SOL) and Ethereum (ETH) have been battling one another since SOL emerged into the crypto world. Solana entered the crypto market with the nickname “Ethereum Killer” and that’s because of its unique offerings of swift transaction speed with very low fees.
Ethereum (ETH) on the other hand has been on the market as number 2 just behind Bitcoin (BTC), for a number of years now. One of Ethereum’s unique selling points is the fact that it’s the blockchain that gives users the ability to carry out reliable transactions through their blockchain technology whilst providing the basis for thousands of other projects.
Can FIREPIN Token (FRPN) match up to these two giants?
Looking at the general success of both Solana (SOL) and Ethereum (ETH), it’s easy to ask the question, how exactly is FIREPIN Token (FRPN) going to measure up to these two?
According to their whitepaper, FIREPIN Token (FRPN) is a decentralised autonomous organisation (meaning it will offer community voting power to users), since it’s a blockchain that’s centred around its user’s needs.
Cultivating a community that will rally and support the token during rough patches is essential to the potential success of a cryptocurrency. Giving the power to the community rather, than a centralised group, will give holders the confidence to move forward with the token.
Once FIREPIN (FRPN) is released and placed on several exchanges and listing websites, it could further increase past its presale price. Since stage 1 of the presale, its price has seen a tremendous increase.
For a presale that started at $0.000067, it reached a value of $0.0023 in a matter of one month. With that in mind, it could be a good idea to get invested before launch to maximise the potential earnings from the crypto.