Everyone is anticipating the next cryptocurrency to skyrocket in value. But only a few tokens have seen price gains in 2022. Is it time to get excited about crypto again now that the markets could start to exhibit bullish signs at any moment?
The following are three interesting cryptos that may be the next big thing:
Ripple (XRP), Stellar (XLM), and Parody coin (PARO). Let’s look at why you should add these tokens to your portfolio.
The native coin of Ripple Labs, Ripple (XRP) is one of the oldest cryptocurrencies, having been launched in 2013. Ripple (XRP) currently ranks as the top 6th crypto according to market capitalization. The XRP coin is utilized to make cross-border payments easier and to drastically improve an outdated or slow system. Money may be transmitted from one country to another in split seconds, just for a small XRP fee with Ripple Labs’ technology.
Ripple Labs has been involved in a legal battle with the Securities and Exchanges Commission (SEC) since December 2020 over allegations that it offered shares as securities many years ago. The price of Ripple (XRP) has plummeted in consequence.
In 2021, the year that nearly all cryptocurrencies set a new All-Time High (ATH) price, Ripple (XRP) came nothing close to matching its current ATH. The suppressed price of XRP is likely to explode once the SEC litigation is resolved.
Stellar (XLM) is a remittance and money transfer network that seeks to make sending money throughout the world simple and affordable. In many aspects, Stellar (XLM) is similar to Ripple (XRP), however, where Ripple (XRP) focuses on financial institutions, Stellar (XLM) focuses on individuals.
Stellar (XLM) aims to make global payments easier, faster, and cheaper by utilizing blockchain technology.
Stellar (XLM) has been steadily declining since May 2021, when it threatened to make a new all-time high before settling at $0.73. Its all-time high, set in 2018, is $0.93. Many crypto experts believe Stellar (XLM) will easily reach this milestone in 2022, and may even rank among the top ten cryptocurrencies by market capitalization.
Parody Coin (PARO)
Parody Coin (PARO) has joined the world of meme coins with its much-anticipated presale. Multiple sorts of utility will distinguish the PARO network from existing competition. An NFT marketplace, ParodySwap, and ParodyBridge will be available through Parody Coin.
Users of the token will be able to build spoof NFTs on the NFT marketplace being established. PARO can be used to purchase copies of popular NFTs. The goal is to reduce the cost of NFTs and make them more accessible to individuals on a budget.
With this unique innovation, you’ll be able to swap PARO tokens and connect them to other networks. ParodySwap also allows you to exchange other cryptocurrency tokens for PARO. The tokens can then be transferred to other blockchain platforms for trading and purchases.
Parody Coin’s unique airdrop mechanism is another fascinating endeavor. All transactions on the network are subject to a 2% surcharge. A modest number of PARO tokens are distributed evenly among active PARO wallets consequentially.
In the long run, keeping PARO in your wallet can result in millions of dollars as its popularity increases. The creators hope to continue the popularity of meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
There is still plenty of time to invest in Parody coin (PARO) because the presale is still in its early stages. You boost your chances of increasing the value of your portfolio by 10x if you invest before the coin is launched on decentralized exchanges (DEX).
Make sure you don’t miss out on the massive gains that some people made in 2021. Ripple, Stellar, and PARO are three of the most fascinating crypto projects right now, and they have the potential to 10x your portfolio.