How to make the most of your May investments with FIREPIN Token (FRPN), Polygon (MATIC), and NEAR Protocol (NEAR)
This time last year, most people in the cryptocurrency sector couldn’t believe what they were seeing.
Cryptos were shooting up left, right and centre without warning.
Coins were rising in the thousands, in many cases, changing people’s lives.
A year on, the space is a very different place.
Cryptocurrencies like Polygon (MATIC) and the NEAR Protocol (NEAR) are established projects in the space while newly-found cryptos like FIREPIN Token (FRPN) have garnered much attention despite still being in presale.
Impending launch for FIREPIN Token (FRPN)
We’ve finally entered the month of May where on the 27th, FIREPIN Token (FRPN) will launch after months of excitement and presale success.
Currently it is in its second phase of the presale, and only eight days remain before FIREPIN enters its third and final phase.
It’s been a long time coming for the project that aims to integrate the Metaverse as a community-driven DAO (decentralised autonomous organisation) platform.
Versatility is the name of the game in the cryptocurrency industry and being a project that both has aspirations in the metaverse as well as interoperability of blockchains is a win for the FIREPIN Token (FRPN).
With FIREPIN using funds from its treasury to invest in both the Metaverse and NFT industries as well as the 3D industry with companies that aim to aid the development of play-to-earn (P2E) games. The project has firmly planted its roots in developing the virtual world.
Alongside its virtual reality aspirations, FIREPIN wants to help form a solution for the blockchain issues that crypto users have suffered with.
FIREPIN Token (FRPN) is offering the opportunity for users to be able to choose up to five blockchains to undertake transactions on including the likes of Ethereum (ETH), Solana (SOL), Avalanche (AVAX), the Binance Smart Chain (BSC), and Polygon (MATIC).
Enabling this ability to switch blockchains allows users to make the best decision in terms of cost and transaction speed, an option that has not been readily available for crypto users in the past.
Polygon (MATIC) rebounds after a significant dip
Polygon’s (MATIC) most recent all-time high (ATH) of $2.92 was reached in December 2021 but it’s been a steep drop-off for the technology platform since then.
Trading at $1.10, at this time of writing, MATIC has suffered a dip of over 62% from its ATH that’s seen the cryptocurrency drop to the 18th biggest cryptocurrency in the world, amassing a market cap of over $8 billion, according to data from CoinMarketCap.
After experiencing a 33.2% dip in the past month, MATIC has welcomed a return to the green with a 1.9% rise in the past 24 hours.
As a platform that aims to connect blockchain networks and scale, Polygon has been labelled as one of the “Ethereum killers” due to its prioritising of scalability, interoperability and security.
Despite MATIC’s recent downturn, that hasn’t stopped some crypto experts in their bullish predictions for the crypto.
According to TradingBeasts, they believe MATIC will surpass the $3 mark by the end of 2022.
NEAR Protocol (NEAR) is back in the green
In a similar boat to Polygon (MATIC), NEAR Protocol (NEAR) has suffered a damaging month with a dip of 27.4% in the past 14 days.
However, a slight improvement of 3.0% in the past 24 hours for NEAR has seen them return to the green.
Ranked as the 19th biggest cryptocurrency in the world (one place behind MATIC), it has accumulated a market cap of almost $8 billion, according to data from CoinMarketCap.
Trading at $11.78, at this time of writing, NEAR had hit its ATH earlier this year in January, reaching a record high of $20.44.
According to Digital Coin Price, NEAR won’t make another bullish run like the beginning of the year but has predicted the coin will reach a price of $14.98 by the end of the year.