Cryptocurrencies are all the rage right now. If you're not on the bandwagon, you're missing out big time! The three currencies I want to talk about today – FIREPIN Token (FRPN), Theta Network (THETA), and Shiba Inu (SHIB) – have the potential to make you stinking rich. Who knows where these coins will be tomorrow?
FIREPIN Token (FRPN) project was launched in February 2022 with the goal of creating a unique cryptocurrency community. The platform plans to make a sound in the industry by moving forward with a community focus. In doing so, it wants to secure the rapid and long-term growth of FRPN, the project's local token. The Firepin (FRPN) protocol takes advantage of blockchain technology and DeFi features. It provides users with a chance to participate in the development of the Metaverse and NFT gaming platform through the purchase of the FRPN token.
DAOs have become extremely popular as they enable users to participate in the governance and development of a cryptocurrency through a democratic and transparent process. FPRN platform token holders can participate in the decision-making process for many developments such as integrations, security measures, and updates. FIREPIN Token (FRPN) is overseen by Certik, a company famous for providing blockchain security.
FIREPIN Token (FRPN) hopes to build the largest community in the crypto world. The platform has a decentralised structure and believes that the three most important elements for long-term progress are trust, openness, and community. FIREPIN Token (FRPN) tries to include people from all walks of life in the system, indiscriminately. In this way, they think that people will gain a broader perspective on the project.
The project plans on participating in the metaverse game development phase, and according to the project's roadmap, they aim to be listed on more than 20 exchanges and to create a game studio in the 3rd quarter of 2022. FRPN will eventually bridge Binance Smart Chain (BNB), Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX), and Solana (SOL), allowing token holders to execute transactions quickly and inexpensively. It is stated that the aim of the platform is to become a multi-exchange DAO cryptocurrency by bridging the five major blockchains and filling the gap in the market.
Theta Network (THETA) is a blockchain protocol created to improve the process of creating, publishing, and managing online video content.
The company behind the project is Theta Labs, which was founded in 2015. The team has a strong belief that their technology will shape the future of video streaming. They are based in San Francisco and currently has around 30 full-time employees. So far they have managed to raise $20 million from well-known investors such as Samsung Electronics, Sony Innovation Fund, and even the CEO of Reddit, Steve Huffman.
Theta Network (THETA)'s roadmap shows that they are still on track with their plans and are constantly expanding their partnerships. A recent partnership was with Binance which is the world's largest cryptocurrency exchange by volume. This gives holders of Theta Network (THETA) tokens access to new features such as staking and voting on governance proposals, as well as earning rewards for participating in the network. Binance also announced that they will be listing Theta Fuel (TFUEL) on their launch.
Although Shiba Inu (SHIB) is a coin with the same theme and functions as Dogecoin (DOGE), it has managed to attract attention and become one of the 50 most valuable coins. Shiba Inu (SHIB) only has slightly more technical features than Dogecoin. The main reason for its interest is its potential to surpass Dogecoin.
In 2021, the price of Shiba Inu (SHIB) has increased almost 60 times in 6 months. Like all meme tokens, SHIB gets its share from Elon Musk's tweets and statements. Musk even adopted a Shiba Inu puppy named Floki earlier this year. The Tesla CEO tweeted a photo of a Shiba Inu puppy in a Tesla vehicle on October 4, 2021. Within a week, the Shiba Inu price has increased by 250%. About a month and a half later, Newegg, a North American e-retailer, announced that it would accept the Shiba Inu cryptocurrency as a form of payment. On this news, the price of the token increased by 4%. Meanwhile, the Shiba Inu (SHIB) was very disappointed when Musk recently announced that the only cryptocurrencies he owns are Bitcoin, Ethereum, and Dogecoin.
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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.