Sick of Crypto Gas Fees from Ethereum (ETH)? Switch to Polygon (MATIC) or Parody Coin (PARO)
Polygon (MATIC) has exploded in popularity in recent years, thanks to a surge in developers and users.
Ethereum (ETH) gas fees have a tendency to fluctuate, with some months soaring, thereby preventing some users from participating in DEX swaps and rendering smaller transactions impossible. However, as Ethereum (ETH) struggles to meet its deadlines for ETH 2.0 and a slew of other technical upgrades, a range of new platforms dubbed “Ethereum (ETH) Killers” have emerged.
Polygon (MATIC) and Parody Coin (PARO) are two platforms that have arisen to challenge Ethereum (ETH). Let’s take a look at what they have to offer.
Polygon (MATIC)
Polygon (MATIC) has exploded in popularity in recent years, thanks to a surge in developers and users. The platform has all of the benefits of Ethereum (ETH), but with greater scalability and lower gas fees, making it an excellent Ethereum (ETH) alternative.
As a result, many popular Ethereum (ETH) dApps have moved to Polygon (MATIC). With over 150,000 active users, the platform currently has over 100 working dApps in the areas of payments, decentralised exchanges, gaming networks, and third-party applications.
MATIC has shown impressive price rallies throughout last year, following the platform’s massive uptake. Polygon (MATIC) began the year at $0.018 and has steadily increased since then.
MATIC gained over 112% in May 2021 alone, reaching an all-time high of $2.65 on May 18th. The token experienced a price correction shortly after, with the price plummeting to a low of $0.75. MATIC is currently trading at $1.47, down 49.82% from its all-time high.
However, Polygon (MATIC) is yet to surpass Ethereum (ETH), the godfather of all dApps. When compared to Polygon (MATIC), Ethereum (ETH) is miles ahead – for example, its market cap is roughly $368 billion compared to around $14 billion for Polygon (MATIC).
Furthermore, due to a significant increase in gas prices, Polygon (MATIC) is yet to enter the Top 10 on CoinMarketCap. The gas fees have risen dramatically as the protocol has grown in popularity and the number of transactions has increased. Polygon’s (MATIC) gas fees have increased 400% in the last few months, from $0.0005 to $0.002.
Parody Coin (PARO)
Parody Coin (PARO) is the latest deflationary utility token to be developed on the Binance Smart Chain (BEP20), having gone into its first stage of presale a couple of weeks ago.
Parody Coin (PARO) is introducing the ability to mint, buy, and sell NFT ‘parodies’ on its platform. These ‘parodies’ will be priced significantly lower than many of the prominent NFTs on the likes of OpenSea.
Because owners of original NFTs can gain ownership of the parody NFT by burning or locking up the original, the NFT market could even migrate entirely to the Parody marketplace as it opens up to more people.
Theoretical aside, Parody Coin (PARO) boasts ambitious technology in its White Paper, which will make Parody Coin (PARO) highly efficient for use as crypto. Likewise, the platform will implement other ways for holders to earn effortless passive income, such as through reflection and staking.
One feature promised upon Parody Coin’s (PARO) launch includes the Parody Swap, which is essentially a multichain swap that aggregates liquidity all into one place. Therefore, users can exchange any crypto for an equivalent amount of PARO on any blockchain.
Another feature is the Parody Bridge, allowing for the transfer of PARO to other blockchains. Despite that both of these features are extremely sophisticated, Parody Coin (PARO) vows to keep its fees low and TPS high.
As it’s only in the first stage of its presale, PARO is very cheap to buy, currently priced at around $0.002. Investors are encouraged to buy now as the price is expected to soar as it progresses towards its launch date.
If you’re interested in buying into another presale, the Caprice Finance Token (CFT) is another multichain crypto that will be operating on the Ethereum (ETH), Binance (BSC), and Polygon (MATIC) blockchains. It plans to create Metaverse and NFT solutions to maximize the use of crypto technology and generate new types of wealth.
Learn more about Parody Coin (PARO) here:
https://presale.parodycoin.io/register
Learn more about Caprice Finance Token (CFT) here:
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