Published
2 years ago on
March 04, 2022
The Binance Smart Chain (BSC) is one of the most well-known blockchains in the world of cryptocurrency, and it's used by a lot of people. Some of the most important cryptocurrencies use it because it costs less to use than the Ethereum (ETH) network, which currently is quite expensive and has a lot of congestion.
One of these well-known and established cryptocurrencies is called Dogecoin (DOGE). Dogecoin has made many people rich and brought many people into the world of cryptocurrency. Some people are saying that 2022 will be just as big as 2021 for the world of cryptocurrency, and that would be good news for everyone, however in this current political climate one of the only things we can really expect is intense instability. There are a lot of currencies that work on the BSC, like: PancakeSwaps (CAKE), GALA Games (GALA), and FIREPIN Token (FRPN).
In the Binance ecosystem the native token to pay for transactions is called Binance Coin (BNB). There are many things you can do with it in the BSC ecosystem, like staking, bonding and lending. But it is mostly used to pay transaction fees on the chain, which are impressively cheap.
BNB might be a good investment in 2022, because the price of BNB can show how healthy the cryptocurrency market is. It's a foundational currency that can be used to buy other options, thereby diversifying your assets. In the last seven days, BNB has risen by over 22% in the last seven days according to Coinmarketcap.com at the time of writing, but it isn't the only one.
A lot of cryptocurrencies broke records last year. GALA was one of many who did. In January 2021, GALA was worth around $0.0014. And in November 2021, it was worth near $0.83. A $100 investment in GALA would have been worth more than $50,000 if the market was just right.
These numbers show that this is a huge rise of almost 57,000 percent. Gala Games' first game is called Town Star, it tries to make blockchain games that are fun to play and not just a money grabbing experience. There are going to be more games in the future, like a sci-fi strategy game and a fantasy game. Today's statistics also show that over the last seven days this cryptocurrency has demonstrated an increase of price of over 25%. Although an increase of about 20% might seem modest, but recently, any form of increase should be commended in this crypto winter.
Both Gala Games and BNB have market caps in the billions which means even if there are increases in price in the future it is highly unlikely to be anything in the triple digits. However, the fresher the project the more potential it has for steeper gains.
This new cryptocurrency started it's pre-sale last week. It has plans to build a DAO framework that can be used in the Metaverse. FRPN wants to make a Farming Liquidity Staking Platform which will be supplemented by a games company.
This storage of liquidity will be invested for future projects to improve the Metaverse. As part of these future projects, the whole company will have a well-kept and stable treasury.
Pre-sales to give early supporters a great chance to buy before the token has a chance to rise to new heights. It can be a good idea to invest in cryptocurrencies like these early because it can pay off big, as seen in other great concepts like: Solana (SOL), Avalanche (AVAX), and Polkadot (DOT).
