Many cryptocurrencies have multiple different use-cases, as well as various reasons for getting into the cryptocurrency market in the first place. FIREPIN news…
There are projects like Dogecoin (DOGE), that were created as a joke, and on the other hand there are projects such as Ethereum (ETH), with plans to expand the reach of decentralised finance in the crypto industry.
The likes of FIREPIN Token (FRPN), Cardano (ADA), and The Sandbox (SAND) all have different visions of what they want to achieve in the digital asset space, but all three have or are moving in the right direction.
FIREPIN Token (FRPN) could challenge the likes of The Sandbox (SAND)
The main aim of the FIREPIN Token (FRPN) is to make waves in both the metaverse and NFT spaces.
With its treasury fund that is funded by the purchases of the FRPN token, the project will look to invest that money into NFT game development, metaverse VR games, the 3D industry and metaverse-based play-to-earn (P2E) games.
The rise of metaverse-based games like Axie Infinity (AXS) and The Sandbox (SAND) has greatly increased the demand for the market and has inspired the likes of FIREPIN Token to follow in similar footsteps.
Alongside its digital asset aspirations, FIREPIN possesses the cross-chain capacity of exchanging and trading tokens across five different blockchains, including Solana (SOL), Avalanche (AVAX), Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC).
Early investors of FRPN have already witnessed a 4,000% surge, with further rises expected to come as the project currently has 13 days left in phase two of its presale.
The versatility of this project is something that should excite prospective crypto investors as well as purchasing FRPN tokens at a cut price due to it still being in presale.
Cardano (ADA) ekes out a market rebound
Cardano (ADA) has been one of the major cryptocurrencies that have laid victim to the crypto sell-off that has plagued the market for the last few days.
With Bitcoin (BTC) and Ethereum (ETH) both trending below $40,000 and $3,000, respectively, the crypto market is essentially experiencing a domino effect, as when the aforementioned cryptos fall, so do the rest.
Cardano is the ninth biggest cryptocurrency in the world, amassing a market cap of over $28 billion, according to data from CoinMarketCap.
ADA’s all-time high of $3.09 was attained in September 2021, but the altcoin has since dipped to $0.85, at this time of writing.
According to a NASDAQ analyst, Cardano will reach a hefty value of $10 by the end of 2022.
The Sandbox (SAND) faces stiff competition
The Sandbox (SAND) achieved remarkable success in 2021 as the growth of the metaverse expanded exponentially.
A pioneer in metaverse-based play-to-earn (P2E) games, The Sandbox grew in the cryptocurrency sector, with SAND ranking as the 40th biggest cryptocurrency in the world, amassing a market cap of almost $3 billion, according to data from CoinMarketCap.
Having suffered a 26.2% dip in the past 30 days, SAND has ever so slightly rebounded by 1.2% in the past 24 hours, at this time of writing.
With Shiba Inu (SHIB) entering the metaverse, and the planned investment into the space from FIREPIN Token, The Sandbox now has competition on the horizon.