Published
1 year ago on
June 12, 2022
It is officially summertime - the season of sunshine, joy and good energy. What many people are hoping for this new season is to make a fortune by investing in viable cryptocurrencies. After the daunting month of May, people are hoping for a brighter future and a strong recovery for the crypto market. Furthermore, individuals are looking to divert away from investing in popular crypto coins, as the chances of them declining can sometimes be higher than the smaller and upcoming tokens. Three cryptocurrencies that have a good probability of providing you with significant financial fortune are Parody Coin (PARO), Polygon (MATIC) and Aave (AAVE). This article will explain why these three coins have great potential to be successful this season and onwards.
Why Parody Coin (PARO) is a cryptocurrency to look out for
A new utility coin that is emerging in the crypto market is Parody Coin (PARO), which is an Ethereum based project that runs under the Binance Smart Chain (BEP-20). In their whitepaper, they state how they aim to facilitate the trading, minting and access to the utility of parodies of favourite NFTs on the BNB chain as well as other blockchains. Token holders of PARO will also find the value in the decentralised applications (dApps) launched in the Parody ecosystem.
They have three key utility features which are promoted on their website: Parody Bridge, Parody Swap and Parody Market. Parody Bridge is a bridge which permits participants to transfer Parody coins to other blockchains. Furthermore, the Parody Market constructs Parody NFTs out of other big bluechip NFTs whilst allowing users to mint them. The Parody Swap feature is quite self-explanatory - it allows users to swap any crypto within any blockchain for an equivalent amount of Parody coins. It is scheduled to go into stage two of its presale in five days - where they plan to introduce its NFT marketplace, upgrade its website, add liquidity to PancakeSwap and plan to be listed on CoinMarketCap.
The Ethereum Based Token - Polygon (MATIC)
Polygon (MATIC) is an Ethereum scaling and infrastructure development platform that was founded in October 2017 by Jaynti Kanani, Anurag Arjun and Sandeep Nailwal. The blockchain network efficiently modifies Ethereum into a full-fledged multi-chain system, which allows the MATIC currency to be transferred to blockchains such as Cosmos, Avalanche and Polkadot. On their website, they state how they aim to enable developers to build scalable user-friendly dApps with low transaction fees, whilst having solid security.
Additionally, Polygon is also a layer 2 scaling solution - referring to how the project’s developers are content with the blockchain layer and do not plan on changing it anytime soon. Its uniqueness comes from focusing on diminishing the complexity of instant transactions across blockchains and scalability. It is currently ranked eighteenth on CoinMarketCap along with having a high market capitalisation of $4,798,097,398 as of 7 June 2022. Keep an eye out for MATIC this summer if you want a secure multi-chain compatible coin.
