Cryptocurrency

Altcoins that Could Explode like Solana (SOL): Enjin Coin (ENJ) and FIREPIN Token (FRPN)

Market Trends

Solana has garnered several competitors with its rising market cap

Since the inception of Bitcoin (BTC), several cryptocurrency projects have arisen with intriguing use cases that have altered the blockchain technology landscape.

Solana's (SOL) speed and scalability are one of its most attractive characteristics. At least 50,000 TPS are supported by Solana, which is about 3800 times faster than Ethereum and 10,000 times faster than Bitcoin. According to CoinMarketCap, this has resulted in a 367x ROI since its launch.

Enjin Coin (ENJ), a blockchain-based gaming platform, is poised to see explosive growth in the next few days due to its compelling use case.

Similarly, FIREPIN Token (FRPN) is through the second round of its presale, and its price has already multiplied by a huge percentage.

What will happen to these three tokens? Should you include them in your portfolio?

Solana (SOL)

Solana (SOL) is one of the leading contenders to Ethereum (ETH) and has earned the nickname "Ethereum killer."

Solana is now the eighth-most valuable cryptocurrency, according to CoinMarketCap.com. The platform's developers revealed that it was built to outperform other blockchains.

Solana is a practical open-source network with a layer-1 blockchain that is both permissionless and fast.

It provides investors with several advantages as the ideal platform for developing decentralised applications (dApps) and non-fungible tokens (NFTs).

The presale for Solana (SOL) is one of the finest ever recorded. If you had invested $100 in the past, you might now have hundreds of thousands.

Enjin Coin (ENJ)

Enjin Coin (ENJ) is an effort of Enjin, a company that provides a blockchain-based gaming environment. The Enjin Network is the company's flagship product; it is a social gaming network that allows users to create websites and clans, chat, and operate virtual goods businesses.

Enjin allows game developers to tokenise in-game assets using the Ethereum network. Enjin Coin, an ERC-20 token, is used to back the digital assets issued on its platform, enabling the purchase, sale, and trade of things with real-world value.

ENJ accompanies each coined asset on the Enjin Platform, a minting resource safely kept in NFTs and removed from circulation.

Enjin Coin (ENJ) is a solid long-term investment due to the expansion of NFTs and play-to-earn games.

Firepin Token (FRPN)

FIREPIN Token (FRPN)  intends to be a multi-swap DAO with numerous metaverse uses. It will be deployed as a currency for metaverse space transactions.

Transactions often occur on a single blockchain, which poses the greatest difficulty for many crypto investors. Typically, tokens are not exchanged across blockchains. FIREPIN Token (FRPN) is distinctive since it can be used on multiple major blockchain networks, such as Ethereum (ETH), Binance Smart Chain (BNB), and Polygon (MATIC). The addition of more chains will be determined by user participation.

The FIREPIN Token (FRPN) also provides a bridge across several blockchain networks. It serves as a bridge between the DeFi and NFT systems.

Moreover, it enables consumers to conduct interchain transactions at favourable prices. Its primary objective is to provide a coin that bridges the market split between the leading blockchains. The objective of the linkage is to enable holders of various cryptocurrencies to conduct their transactions quickly, cheaply, and with nominal fees utilising an efficient blockchain system.

FIREPIN Token (FRPN) has already begun its presale, enabling prospective investors to purchase and acquire tokens before its launch.

Solana (SOL), Enjin Coin (ENJ), and other popular cryptocurrencies have already shown that investing in cryptocurrencies early may result in exponential returns.

FRPN is already poised to become one of the most expensive coins on the market, given its performance.

FIREPIN began its presale in January and has risen to lofty heights, increasing its value.

FIREPIN Token (FRPN) is committed to becoming a community-driven platform, as shown by the fact that token holders may vote and participate in choices that will define the protocol's future.

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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.

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