The effects the metaverse has had on our society is undeniable. There is no escaping the industry-defining digital avatar-based universe. Most companies now are trying to get a piece of the landmine Facebook co-founder and CEO Mark Zuckerberg, created after announcing the company would now be known as “Meta”. What does that mean for cryptocurrencies?
FIREPIN Token (FRPN) keeps skyrocketing
The upcoming metaverse FIREPIN Token (FRPN) is rounding up its phase two pre-orders in two weeks and their sales have far from slowed down. They’ve so far had a very successful presale after a 300% increase in price after launching its presale only two months ago in February.
By providing a multi-chain solution, the metaverse token plans on solving significant problems in the industry.
Given that the metaverse and the NFT industry have been the main talking point in everyone’s conversations in recent months, FIREPIN’s (FRPN) prime focus is on developing these two upcoming superpowers, which may very well be the reason it is doing so well. They intend to send portions of the income they make from the transactions of FRPN tokens to their treasury fund.
They will then finance their investments with the income from their treasury fund.
FIREPIN Token (FRPN) tokens can be bought and sold with ease, without the risk of hurting their value which is possible following FIREPIN’s successful lock of $1 million in liquidity.
Another benefit to this is that FIREPIN intends on giving its customers the free will to choose which blockchain their transactions will be processed on. It will also allow the option to trade between Layer 1 Networks such as Solana (SOL) and Polkadot (DOT), which have Layer 1 Network support.
Although, FIREPIN’s pre-order sales achievements may be due to the overwhelming hype and interest in the metaverse and NFT industry, doesn’t take anything away from the team as we await what looks destined to be a successful launch.
With no plans on slowing down, the new cryptocurrency is on its way to becoming one of the leading metaverse tokens.
It might be one of those currencies you look back and regret not having in your wallet.
The decline of Solana (SOL)
The public blockchain platform, Solana (SOL), known for its smart contract functionality is starting to experience some decline. The token has dropped over 10% in recent weeks.
Solana (SOL), which initially took surged with claims to have the fastest blockchain speed and lower costs than the competition, such as Ethereum (ETH), was dethroned by Bitgert’s (BRISE) 100,000 transactions per second (TPS).
This has led the Solana (SOL) community to invest in Bitgert (BRISE) instead, further worsening their predicament.
Overtaking Bitgert’s speed might prove to be tricky, even though Solana (SOL) might try and improve their rate.
However, this could be one of their only options since Bitgert now has the lowest gas fees in the industry.
What is next for Polkadot (DOT)?
Polkadot (DOT) is an open-source blockchain platform and cryptocurrency.
DOT is better known for its interconnectivity between blockchains. On November 4th, 2021, DOT hit an all-time high when it was up 68.5%. However, it has slowly been declining ever since.
As of April 27th, 2022, DOT prices have slightly recovered, going over the $17.0, which it had previously dropped below.
Well-known crypto analyst, Benjamin Cowen, seems to have faith in them.
During an interview with Altcoin Daily, he mentioned DOT can triple its previous all-time high of $55.
Although, he made it clear that the total cryptocurrency market cap must reach a ballpark of a $10 million value first.
Investing in either the metaverse or NFT industry could do both Solana (SOL) and Polkadot (DOT) some good to remain competitive in the market.
Discover more on FIREPIN Token (FRPN) below:
Join Presale: https://presale.firepin.io/register