3 Cryptocurrencies competing for Bitcoin’s position in 2022: Apecoin (APE), Tezos (XTZ), and FIREPIN Token (FRPN)

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NFTs are digital or virtual assets that are represented by tokens that run on smart contracts via the blockchain. They can be used to authenticate works of art, produce limited-edition collectibles, or depict gaming characters. FIREPIN news…

As investors looked at capitalising on the crypto mania, digital art collections such as Bored Ape Yacht Club and CryptoPunks and Metaverse games like Axie Infinity, The Sandbox, and sports collectibles were the trending NFTs of 2021.

NFT tokens, like many other cryptos, were hammered hard during the last flash crash, but Metaverse coins – Apecoin (APE), Tezos (XTZ), and FIREPIN Token (FRPN) have had significant profits.

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Apecoin (APE)

Apecoin (APE) has been one of the most sought-after metaverse tokens since its introduction in April 2021. Its NFT collections for the Bored Ape Yacht Club (BAYC) have a devoted following. APE is the project’s utility token, which follows the ERC-20 protocol. The token facilitates the project’s transition to Web 3.0. It is funded by the ApeCoin DAO and controlled by the ApeCoin Foundation, which is a non-profit organisation. Holders of APE tokens can vote on and be voted for on DAO governance proposals. They also have access to special features like events, games, and services.

The new gamified Metaverse, designed by Yuga Labs, the creators of Bored Ape Yacht Club, is named Otherside. To participate, those that pre-registered with their Ethereum wallets will need to pay with ApeCoin. The mint will follow the Dutch auction pattern, with prices starting high and gradually decreasing until all NFTs have been sold.

Tezos (XTZ)

Tezos (XTZ) is a self-amending cryptocurrency ledger that can upgrade itself using a functional module, that does not require a hard fork or split in the blockchain to offer new functionality. XTZ, the network’s native currency, has risen in value thanks to agreements with some of the most promising NFTs. Tezos is an open-source blockchain that supports NFTs.

Tezos (XTZ) is similar to Ethereum (ETH) in that it uses smart contracts to run its network. However,  Tezos hopes to differentiate itself from its larger competitor, by providing a more advanced infrastructure that may evolve and improve over time.

Tezos’ pre-sales began  in 2017 and raised a record $232 million, making it one of the most successful ICOs ever. Because of its ingenuity, the creators of XTZ believe it may be “the last cryptocurrency.” In October 2021, XTZ hit an all-time high of $9.18. It is almost 65% down at the time of writing, but many crypto experts believe it will break its record by the end of the year.

FIREPIN Token (FRPN)

The growth of the FIREPIN Token (FRPN)  has been fascinating to watch, with the FRPN token rising from $0.000067 at the start of the presale to $0.0023 at the time of writing, a quadruple increase in value. The project is gaining traction, as it will be listed on PancakeSwap (CAKE) and Uniswap (UNI) in May, along with the debut of its multi-chain deployment.

FIREPIN Token (FRPN) is a brand new cryptocurrency designed specifically for use in the Metaverse. Transactions can be completed quickly and cheaply by using the most efficient blockchain. By providing a multi-chain solution and a community-driven system centred on Metaverse-based gaming, 3D technology, and non-linear time games, this Metaverse-based coin aims to tackle a major problem in the cryptocurrency market.

If you want to acquire cryptocurrencies that can prosper in an oversaturated market, investing in ApeCoin (APE), Tezos (XTZ), and FIREPIN Token (FRPN) are logical choices, with the potential to make you millions.

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