3 Popular Crypto Coins You Need to Know About – Dogecoin (DOGE), Polkadot (DOT) and FIREPIN Token (FRPN)
Cryptocurrencies are suddenly all the rage and for a good reason. They offer a new way of handling secure, anonymous, and relatively low-cost finances. But with so many different currencies on the market, it can be hard to know which ones are worth your investment. This blog post will discuss three popular cryptocurrencies you need to know about- Dogecoin, FIREPIN Token (FRPN), and Polkadot. Without further ado, let’s get started.
Dogecoin (DOGE) is a cryptocurrency based on the Doge meme. It was created as a lighthearted alternative to traditional cryptocurrencies like Bitcoin (BTC), and it has a total market cap of over $80 billion. Each coin is worth pennies, but there are 10,000 new coins mined every minute. Dogecoin (DOGE) is traded on many exchanges and can be used to purchase goods and services.
Billy Markus and Jackson Palmer created Dogecoin (DOGE) in December 2013. Dogecoin (DOGE) quickly gained value, reaching a market capitalization of over $2 billion in early 2018. However, the value crashed later that year, and as of 2021, it is worth around $0.50 per coin.
Dogecoin (DOGE) has many notable features, such as having no limit on coins’ supply and a relatively short block time of 1 minute. It also uses the Scrypt hashing algorithm to resist ASIC mining hardware. The Dogecoin (DOGE) community is very active and has raised millions of dollars for charity.
FIREPIN is a new cryptocurrency that has enormous growth potential in 2022. It has just recently begun its presale and will bridge Polygon (MATIC), Ethereum (ETH), Binance’s Smart Chain (BSC), Solana (SOL), and Avalanche (AVAX). It enables users to execute multi-chain transactions at the lowest possible prices and in the shortest timeframes feasible by employing various technologies. FIREPIN Token (FPRN) will initially be listed on two exchanges, including PancakeSwap and Uniswap, with a presale allocation of 15%. With the increasing demand for faster, less expensive cross-chain transactions, FIREPIN Token (FRPN) appears to be able to capitalize on the top two while also generating significant value for investors.
FRPN is a decentralized system based token, collateralized and maintained by the Metaverse Decentralized Autonomous Organization (DAO). The goal IS appears to establish itself as the Metaverse’s backup currency. FIREPIN Token (FRPN) will employ the Algorithmic Reserve Currency algorithm to provide price stability, assisted by other decentralized assets. The goal is to utilize a user-assigned treasury to develop NFT, 3D Metaverse, and VR games by investing directly in teams and organizations with a long-term vision for Play-to-Earn (P2E) Metaverse games. This will be performed by a community vote, based on the community’s majority preferences. FRPN was founded to harness the Metaverse and make it accessible to everybody.
Polkadot (DOT) is a heterogeneous multi-chain network of blockchains. It is a platform for building decentralized applications. It features a relay chain and a consortium chain. The relay chain is a proof-of-stake (PoS) blockchain that connects other blockchains, and the consortium chain is a private blockchain that businesses and organizations can use. Polkadot (DOT) is written in Rust and uses the Substrate framework.
Polkadot (DOT) is a blockchain protocol that seeks to connect different blockchains. DOT is the native token of the Polkadot (DOT) network. The Web 3.0 foundation created the Polkadot (DOT) network, a Swiss foundation with the mission to facilitate an open-source, fully functional, and user-friendly decentralized web. The Polkadot (DOT) protocol is the brainchild of Dr. Gavin Wood, Robert Habermeier, and Peter Czaban.
The Polkadot (DOT) network debuted in May 2020. DOT tokens were distributed through an initial coin offering (ICO) in October and November 2017, which raised over $145 million.
So which one should you invest in? That depends on your needs and goals. But each of these coins has potential, so it is worth keeping an eye on them!