FIREPIN Token (FRPN) is one day away from its third presale stage as Terra (LUNA) and Shiba Inu (SHIB) plunge
At this moment in time, the cryptocurrency market is in freefall. FIREPIN news…
With the likes of Bitcoin (BTC) and Ethereum (ETH) down 18% and 16%, respectively, all other cryptocurrencies follow the trends of the two biggest coins in the industry.
While we’re in the midst of a crypto sell-off, crypto investors may be split between HODLING onto their assets or deciding to get rid.
One token that isn’t involved in the sell-off is FIREPIN Token (FRPN) which is one day away from entering the third and final stage of its presale.
FIREPIN Token (FRPN) 17 days away from launch
FIREPIN Token (FRPN) has had one of the most successful presales of the year and it’s soon coming to an end.
Launching on May 27th, FIREPIN enters its third phase of presale tomorrow as it gears up for a launch that’s highly anticipated.
With its plans to invest in the metaverse and virtual reality, FIREPIN Token (FRPN) is a community-driven DAO (decentralised autonomous organisation) that is planning for metaverse integration.
Alongside its ambitions to invest in the metaverse and play-to-earn (P2E) games, FRPN has plans to both offer staking and farming options, as well as the establishment of an NFT marketplace.
Not only is a 2% fee for each transaction deducted and added to an airdrop but from every transaction, a portion is taken and added to a treasury fund which will be used for the investment into several virtual reality sectors.
Through the airdrop, existing FRPN holders will receive tokens weekly which allows them to generate a passive income.
With the crypto market being incredibly volatile at times, FRPN will instruct the use of the Algorithmic Reserve Currency mechanism to maintain the price stability of the token.
With just 17 days remaining until its launch, the window of opportunity to invest in FRPN tokens is slowly diminishing and you wouldn’t want to miss your chance.
Terra (LUNA) plummets down crypto rankings
It’s been a truly shocking period for Terra (LUNA) who have dipped as much as 70% in the past 14 days.
Having been a mainstay in the top 10 list of biggest cryptocurrencies in the world, according to market cap, Terra finally dropped out of the esteemed list and is now ranked 14th, following its vicious decline.
A 52.3% drop in the past 24 hours has contributed to LUNA losing half its value as it now trades at $29.02, at this time of writing.
Despite its extremely bearish run, Long Forecast predicts LUNA will hit $37.21 by the end of 2022.
Shiba Inu (SHIB) suffers a gloomy market month
While not as bearish as Terra (LUNA), Shiba Inu (SHIB) has suffered its respective dip in the past few weeks.
Suffering a 32.2% drop in the past 14 days, the price of SHIB now stands at $0.0001654, at this time of writing.
According to some crypto experts, SHIB will reach a price of $0.00003037 by the end of the year.
Despite its dip, Shiba Inu remains the 15th biggest cryptocurrency in the world, amassing a market cap of over $9 billion, according to data from CoinMarketCap.