Bitcoin (BTC) isn’t the only crypto you can invest in.
While Bitcoin (BTC) is the most popular crypto, it only accounts for about 40% of the nearly $2 trillion market. Instead, it’s altcoins that account for the majority of the market.
Altcoins are cryptos that aren’t Bitcoin (BTC), despite the fact that many of them were created in the spirit of the leading crypto and serve similar functions and purposes. However, there is a wide range of altcoins with different features and applications. Several altcoins have even outperformed Bitcoin (BTC) this year as a result of the wave of altcoin popularity.
Here’s everything you need to know about the crypto market’s three favourite altcoins: Ethereum (ETH), Ripple (XRP) and FIREPIN Token (FRPN), which is enjoying a massively successful presale at the moment.
Ethereum (ETH)
Ether (ETH), the Ethereum (ETH) blockchain’s native crypto, is one of the most popular cryptos in terms of transaction volume.
This leading altcoin currently has a market share of roughly half that of Bitcoin (BTC), at around 19% or $360 billion, compared to Bitcoin’s (BTC) $813 billion. As the volume of crypto transactions grows, Ethereum (ETH) can process nearly five times as many transactions as Bitcoin (BTC).
Ethereum (ETH) users are anticipating “the merge,” or Ethereum (ETH) 2.0, a network upgrade that will transition the blockchain from the energy-intensive proof-of-work mining system to the proof-of-stake consensus system, which is expected to provide faster processing speeds, energy efficiency, and cheaper transactions.
As a range of altcoins have started competing with Ethereum (ETH) by boasting faster transaction speeds and cheaper gas fees, the upgrade will undoubtedly help the second biggest crypto (by market cap) to maintain its superior position.
Ripple (XRP)
Ripple Labs’ XRP is a digital asset that aims to strengthen the global payments network. Ripple (XRP) has aided the development of DeFi infrastructures by reducing the role of third parties in financial transactions.
The Securities and Exchange Commission has chastised Ripple (XRP), alleging that its XRP sales amounted to an unregistered securities offering in 2020. In light of the SEC’s lawsuit, Coinbase Global Inc., one of the most popular crypto trading exchanges in the United States, suspended XRP trading. But XRP can be purchased on other crypto exchanges such as Binance, Kraken, and Huobi Global.
Users of XRP are optimistic about the price of this leading altcoin because it continues to add value to blockchain development.
FIREPIN Token (FRPN)
FIREPIN Token (FRPN) has two main goals.
To begin with, treasury revenue will be invested in the NFT and Metaverse industries. The market for Metaverse-based P2E games like Axie Infinity (AXS) and The Sandbox (SAND) has grown dramatically in the last year.
The project’s second goal is to allow customers to choose which blockchain their transaction should be processed on. Users will be able to choose between the Polygon (MATIC), Binance Smart Chain (BNB), Avalanche (AVAX), Ethereum (ETH), and Solana (SOL) blockchains, thanks to FIREPIN’s (FRPN) cross-chain capability.
The price of FRPN is expected to continue to rise at a breakneck pace. When the token is released on decentralised exchanges the volatility will kick in, meaning that the current surging price of FIREPIN Token (FRPN) is no longer guaranteed.
The value of early FIREPIN Token (FRPN) investors’ portfolios has increased by nearly 4000%. Many believe that another 1000% increase will be easy to achieve before the presale ends.
Learn more about FIREPIN Token (FRPN) here:
Join Presale: https://presale.firepin.io/register
Website: https://firepin.io/
Disclaimer: This is a company release. No HT journalist is involved in creation of this content.