In 2013, the first programmable blockchain, Ethereum, was launched. It supports some small contracts. These are computer programs. They are self-executing. So it won’t be difficult to decide which is good crypto. They are unlike any previous blockchains that served only as digital ledgers in the case of transaction data. From then, all technology bloomed into one thriving ecosystem of Apps and DeFi items.
This crypto grew into one flourishing service ecosystem and software. Its increasing popularity exposed all scalability issues. There is an increase in fees. This is because more individuals make use of the network which causes congestion. Thus the community of developers has started to work on a solution. But it will be unavailable until 2023. Rivals such as Fantom and FIREPIN token that is now in presale are filling up all gaps that get left by Ethereum.
Fantom (FTM)
• In December 2019, the FTM blockchain was live.
• The main innovation of the company is the protocol of Lachesis.
• A mechanism of PoS consensus boosts via many transactions each second.
• It can complete transactions within a few seconds for a cent’s fraction.
• Ethereum is capable of processing around 14 transactions each second.
• It charges over $13 average fees.
• FTM is compatible with Solidity.
• It is the programming language used for creating Ethereum smart contracts.
• Now developers can quickly develop Ethereum-based services. Also software on the blockchain of FTM.
• It results in cost savings and improved performance.
• FTM’s value proposition is quick. It is also a less costly transaction. Solidity compatibility will position FTM as one strong contender for dethroning Ethereum in the upcoming years.
• In the financial markets this has meaning for investors.
• Last year in October, Yearn Finance joined FTM’s fast-growing DeFi’s services network. Yearn Finance is an ETH-based yield aggregator.
• FTM is a very small company having $3 billion only as its market cap.
• It represents less than 1% of ETH.
• The market cap is $365 billion.
• FTM-powered services and software demands grow.
• Thus the FTM demand will also grow and drive up all prices.
• Based on the present price, if FTM’s market cap reaches that of ETH, investors will be seeing a massive return of 120-fold.
• With almost $6 billion in its funding, FTM has become the 6th very well-known DeFi ecosystem.
FIREPIN (FRPN)
• It is a new token that is specifically designed for the Metaverse.
• It will let transactions get completely fast and at less cost.
• It is done by using the most efficient blockchain at the perfect time.
• As this presale is highly anticipated and started in late February, FRPN had impressive success in the early stage.
• It had a return of over 150 % as far as all investors.
• This token that is Metaverse-based aims at addressing the main issue in the industry of the crypto by offering a solution of multi-chain and a community-driven system that is focused on NFT games, Metaverse-based games along with 3D technology.
• FRPN’s value increased by almost 285% as the presale started. It continued rising with a value increase of 96 % within a week.
• This is because the token has the aspiration of becoming the prominent Metaverse crypto or the crypto of the NFT game development for anyone interested to buy, sell or trade any Metaverse virtual goods.
• FRPN holders can vote on how crypto evolves or changes with time as this project has plans of becoming a DAO.
• Any long-term investor is rewarded too weekly with a lot of FRPN because of the reflection process of the token that imposes a tax of 2% on every transaction and it distributes a revenue portion back to all holders.
• FRPN’S total supply is predicted to become 100 billion tokens across every protocol.
• Tokens of 30 million are kept aside for this presale that will be running until middle May.
• It means it is the last opportunity for prospective investors to receive FRPN tokens at the lowest cost.
Conclusion
Regardless of whether the Phantom or Firepin token surpasses the price of Ethereum and its popularity, it is predicted that long-term investing in them can be alluring. The market of crypto is volatile and this blockchain industry is competitive.
So following a simple guideline can be advantageous for investors. Create one diversified portfolio along with different stocks and cryptocurrencies as a beginning point. Do not invest the money that you may be needing later.
