Keep Your Eyes Peeled for These DeFi Crypto Coins This Month – Polkadot (DOT), Solana (SOL), and FIREPIN Token (FRPN)

Place/Date: - May 18th, 2022 at 2:00 pm UTC · 3 min read
Source: FIREPIN Token

Introduction

The concept of acquiring digital assets is gradually becoming the norm, and with virtual currencies progressively being accepted by the general public and large sectors of the financial society, investing in cryptocurrency has now become rampant, with new investors flocking in every day.

With the introduction of DeFi (Decentralised Finance), a system that manages financial transactions using cryptocurrencies and blockchain technology, it has become easier to make investment decisions. The DeFi system has introduced peer-to-peer connections capable of providing a wide range of financial services, ranging from ordinary banking, loans, and mortgages to complex contractual interactions and asset trading.

Keep Your Eyes Peeled for These DeFi Crypto Coins This Month - Polkadot (DOT), Solana (SOL), and FIREPIN Token (FRPN)

Polkadot (DOT), Solana (SOL), and FIREPIN Token (FRPN) are examples of some DeFi cryptocurrencies capable of returning good gains to long-term investors and in this article we shall be reviewing these tokens.

Polkadot (DOT) and Its Upward Trajectory

Since its inception in 2020, Polkadot (DOT) has seen significant success as a crypto investment. Success could be attributed to its revolutionary approach to attempting to tackle some existing problems in the crypto community. Polkadot (DOT) is comprised of some essential components:

  1. It uses a brand-new technology called Parachains, which are decentralised chains with coins that can be tailored to particular use cases.
  2. As an alternative to parachains, Parathread uses flexible connections and a pay-as-you-go paradigm, which is similar to parachains but more cost-effective.
  3. To link and communicate with foreign blockchains like the Ethereum network, it features gateways that allow parachain and parathreads to establish connections with these blockchain networks.

CoinMarketCap currently lists Polkadot (DOT) as the 11th largest cryptocurrency by market capitalisation at the time of writing. Despite the current war situation that has plagued so many cryptocurrencies, Polkadot’s (DOT) rise to market prominence is quite encouraging. With the launch of its DeFi projects, this cryptocurrency is one to watch out for.

Keep Your Eyes Peeled for These DeFi Crypto Coins This Month - Polkadot (DOT), Solana (SOL), and FIREPIN Token (FRPN)

Solana (SOL): Blockchain’s Next Big Thing

Solana (SOL) is very popular amongst crypto investors and has always presented itself as a safe go-to option for crypto traders.

SOL is an alternative to Ethereum (ETH) that aims to be the next-biggest blockchain network by promoting maximum throughput, speed, and cheap transaction fees at the expense of more centralisation than blockchains like Ethereum (ETH). Its third-generation blockchain network is designed to hold various DeFi projects and an array of NFT marketplaces.

The Solana (SOL) network can process up to 50,000 transactions per second (TPS), while Ethereum (ETH) can only execute 30 TPS. SOL has much lower transaction costs compared to the gas fees of Ethereum (ETH)

Solana (SOL) employs a novel proof-of-history approach in addition to the more widely used proof-of-stake methodology. As the other blockchains frequently have expensive fees and slow speeds compared to this network, it is projected to draw more attention soon, so do well to add this to your watch list.

FIREPIN Token (FRPN)

FIREPIN Token (FRPN) is no exception to the trend of investors making money when they acquire new cryptocurrencies that seem to have a lot of promise before they get officially listed on the market. FIREPIN Token (FRPN) has returned 150 percent to investors in just two weeks since the pre-sale began.

The FIREPIN Token (FRPN) aims to be a decentralised autonomous organisation (DAO), which indicates that token holders will have control over the ecosystem, governance, and advancement. So, if you are seeking a long-term investment that has shown early success, then FIREPIN Token (FRPN) may be the right choice for you.

For more info on FIREPIN Token (FRPN): PresaleTwitterTelegram.

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