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Just last month, the annual inflation rate in the United States reached 8.3%. That's the highest recorded rate in forty-one years, leaving investors in a very tight spot.
The current bear market is another reason investors need to look before they leap.
In this article, you will learn about three impressive anti-inflation cryptocurrencies that you should consider if you want to invest. They are Binance coin (BNB), 1INCH (INCH), and Parody Coin (PARO).
Binary Finance or Binance, is the most popular cryptocurrency exchange in the world today. There are 337 cryptocurrencies listed on the exchange, and in 2021 alone, Binance processed more than $7.7 billion in transactions.
Binance is a robust ecosystem of solutions for crypto holders and investors, offering products and services like its blockchain network, the Binance Smart Chain (BSC), peer-to-peer trading, NFT marketplace, futures trading, Binance Pay, etc.
Its native currency, BNB, ranks fifth amongst all cryptocurrencies, with a market cap of more than $37 billion.
It launched as an ERC-20 token but migrated to the Binance Smart Chain (BSC), where users can enjoy ultra-fast transactions at low costs.
1INCH is a remarkable Decentralised Exchange (DEX) aggregator that allows users to complete trades with the best rates and lowest transaction fees.
It does all the work for the user by gathering price data from different exchanges and comparing which would be the best option for a transaction.
It is a powerful platform built on the Ethereum (ETH) blockchain network. It is completely decentralised, so users don't rely on the participation or intervention of intermediaries to conduct transactions.
The 1INCH (INCH) platform also offers Liquidity Staking programs that you can leverage to earn passive income. To participate, you will deposit your tokens into a liquidity pool.
Liquidity pools are used to facilitate users' transactions on its platform.
Furthermore, the platform lets users place stop-loss orders and trailing-stop orders through its Limit Order protocol allowing users to lock in their profits or prevent avoidable losses.
Parody Coin is a groundbreaking platform set to disrupt the cryptocurrency industry by allowing users to mint parody versions of popular tokens and trade them with other users in its marketplace.
It is built on the Binance Smart Chain (BSC) network, and as such, it presents a faster, cheaper alternative to the Ethereum (ETH) network for minting and trading NFTs.
Similarly, a user can mint a replica of an NFT on the platform and burn/lock it on the Ethereum (ETH) network so that the replica becomes the original that the user can now trade it at faster speeds and low transaction fees.
Its native currency, PARO is a deflationary BEP-20 token that provides access to all the other features of the ecosystem. For example, its multi-chain swap protocol allows users to swap all their favourite coins from other blockchain networks for their equivalent in Parody coins.
The Parody Market is its NFT marketplace where users can easily mint their favourite mainstream NFTs and trade with other users on the platform.
BNB and INCH are known in the crypto market as two very successful cryptocurrencies but PARO is still in its pre-launch stage, so it is an excellent anti-inflation cryptocurrency that you can get for cheap.
Website: https://parodycoin.io/
Telegram: https://t.me/PARODYCOIN_OFFICIAL
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
