Fantom (FTM) and FIREPIN Token (FRPN) are the 2 ‘Ethereum Killers’ Rumoured to Explode This Year

Ethereum is losing its market dominance with more competitors on the line

Ethereum (ETH), the first programmable blockchain, was launched in 2013. Ethereum (ETH) supports smart contracts, which are self-executing computer programmes, unlike previous blockchains that only served as digital ledgers for transaction data. Since then, the technology has blossomed into a thriving ecosystem of decentralised apps and DeFi products.

Ethereum (ETH) has grown into a flourishing software and service ecosystem, but its growing popularity has exposed its scalability issues. Fees have increased as more people use the network, which has caused congestion. Naturally, the developer community is working on a solution, but it will not be available until next year.

Meanwhile, rivals like Fantom (FTM) and FIREPIN Token (FRPN), which is currently in presale, are filling the gap that Ethereum (ETH) left.

Here’s what to keep in mind.

 

Fantom (FTM)

The Fantom (FTM) blockchain went live in December 2019. The company’s main innovation is the Lachesis protocol, a proof of stake (PoS) consensus mechanism that boosts throughput to thousands of transactions per second.

Fantom (FTM) can also complete transactions in a fraction of a second for a fraction of a cent. On the other hand, Ethereum (ETH) processes about 14 transactions per second and charges an average fee of more than $13.

Fantom (FTM) is also compatible with Solidity, the programming language that is used to create Ethereum (ETH) smart contracts. Developers can now quickly deploy Ethereum (ETH)-based software and services on the Fantom (FTM) blockchain, resulting in improved performance and cost savings.

Last October, for example, Yearn.finance, an Ethereum (ETH)-based yield aggregator, joined Fantom’s (FTM) rapidly growing network of DeFi services. With nearly $6 billion in funding, Fantom (FTM) is the sixth most popular DeFi ecosystem.

The value proposition of Fantom (FTM) — fast and cheap transactions, as well as compatibility with Solidity — positions it as a strong contender to dethrone Ethereum (ETH) in the coming years.

What does this mean for investors in financial markets? Fantom (FTM) is a small company with a market cap of only $3 billion. This represents less than 1% of Ethereum’s (ETH) $365 billion market cap.

However, as the demand for Fantom (FTM)-powered software and services grows, so will the demand for the FTM, driving up its price. And, based on its current price, if its market cap reached that of Ethereum (ETH), investors would see a colossal 120-fold return.

 

FIREPIN Token (FRPN)

FIREPIN Token (FRPN) is a new token designed specifically for the Metaverse. It allows transactions to be completed quickly and cheaply by utilising the most efficient blockchain at the right time.

Since its highly anticipated presale, which began in late February, it has had impressive early-stage success, with a return of more than 150% so far for investors.

This Metaverse-based token aims to address a major issue in the crypto industry by offering a multi-chain solution as well as a community-driven system focused on metaverse-based gaming, NFT games, and 3D technology.

It comes at a pivotal point in Web 3.0 history, with Facebook changing its name to Meta in October of last year to reflect its new focus, and many other businesses and individuals looking for more decentralised cryptos to invest in.

The value of FIREPIN Token (FRPN) has increased by 285% since the presale began, and continues to rise, with a 96% increase in value in just one week, as the token aspires to become the leading Metaverse and NFT game development crypto for those looking to sell, buy, and trade virtual goods in the Metaverse.

Holders of the FIREPIN Token (FRPN) will be able to vote on how the crypto evolves and changes over time, as the project plans to become a DAO. Long-term investors are also rewarded weekly with more FRPN, thanks to the token’s reflection process, which imposes a 2% tax on all transactions and distributes a portion of the revenue back to holders.

The total supply of FIREPIN Token (FRPN) is expected to be 100 billion tokens across all protocols, with 30 million tokens set aside for the presale, which will run until mid-May, meaning this is the last chance for potential investors to get in on FIREPIN Token (FRPN) at its lowest ever price.

 

Verdict

Whether or not Fantom (FTM) and FIREPIN Token (FRPN) surpass Ethereum (ETH) in price and popularity, long-term investments in them could be lucrative.

The crypto market is notorious for its volatility, and the blockchain industry is fiercely competitive. As a result, following this simple guideline may be beneficial to investors: create a diversified portfolio, with a mix of stocks and cryptos as a starting point.

Also, never invest money that you might need in the near future.

 

Learn more about FIREPIN Token (FRPN) here:

Join Presale: https://presale.firepin.io/register

Website: https://firepin.io/

Telegram: https://t.me/FIREPINOFFICIAL

Twitter: https://twitter.com/FIREPIN_io

 

Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.