Crypto prices began to rise towards the end of March after a sluggish start to 2022. But if the last few months have taught us anything, it’s that crypto prices are volatile. Firepin news…
The recent price increase is encouraging, but it’s too early to declare a recovery — and Bitcoin (BTC) still has a long way to go before it reaches last year’s highs.
Nonetheless, market sentiment has shifted from pessimistic to optimistic. The crypto fear and greed index has been showing “fear” or “extreme fear” for some time, but it has now tipped into “greed” at present, indicating that people are hopeful that the crypto slump is over. Only time will tell if those expectations are justified.
While there is still hesitancy surrounding investing in the crypto market, an initial coin offering, often shortened to ICO, is an ideal way to gain the potential to create crypto fortune while simultaneously only having to put in a small amount of money.
Ethereum (ETH) and Tezos (XTZ) are two hugely successful cryptos that wouldn’t have been possible without first doing an ICO. Let’s take a look at how they’re doing years later, as well as checking out the newest token with an ICO that has been causing a stir in the crypto world – FIREPIN Token (FRPN).
Ethereum (ETH) has grown to the point where it is barely considered an altcoin by the general public. It is, however, nearing the crucial transition from the gas-guzzling proof-of-work (PoW) validation model to the more environmentally friendly proof-of-stake (PoS) system. This long-awaited step is dubbed “The Merge“, and has already been delayed, but is expected to launch by 2023.
It will be a significant milestone even though it is only part of a larger staged upgrade. Ethereum (ETH) will be on almost every crypto investor’s mind as the upgrade’s anticipation grows. A successful switch could boost industry confidence; on the other hand, technical issues could stymie any price recovery.
Tezos (XTZ) is a smart contract crypto that has been around for a while. Last year, however, it didn’t achieve the same levels of growth as coins like Solana (SOL) or Avalanche (AVAX). This could be due to management issues and lawsuits following the project’s initial coin offering (ICO) in 2017/2018, which harmed investor confidence. The tide, however, may be turning.
Tezos (XTZ) is about to launch a major upgrade, and it’s also gaining traction in the NFT space. Several NFT marketplaces, including Rarible, offer Tezos (XTZ) based NFTs.
According to a recent Coinbase poll, many users want the Tezos (XTZ) network, which bills itself as an environmentally friendly alternative to Ethereum (ETH), to be added to the NFT platform.
FIREPIN Token (FRPN)
Investors have expressed confidence in the FIREPIN Token (FRPN), which is currently undergoing an ICO, which it refers to as a presale. A planned metaverse and an NFT gaming empire make up the FIREPIN Token (FRPN) ecosystem.
Within the FIREPIN Token (FRPN) ecosystem, the FRPN token will be used to provide utility. It will include the Binance Smart Chain (BNB), Polygon (MATIC), and Ethereum (ETH) networks and will be cross-chain via a swap bridge. More networks, including Avalanche (AVAX), will be added in the future.
The FIREPIN Token (FRPN) team wants to make metaverse space more accessible to its users, as well as provide a one-stop shop for NFTs from multiple networks. Staking and airdrops generated by the transaction tax will also be used to reward holders with more FRPN.
Learn more about FIREPIN Token (FRPN) here: