Top Three Coins to Watch Out For – Solana (SOL), Ethereum (ETH) and Parody Coin (PARO)
Top Three Coins to Watch Out For – Solana (SOL), Ethereum (ETH) and Parody Coin (PARO)
The world’s economy is currently shaky, similar to the scales of the 2008 economic dilapidation. Nothing is certain in the finance world, which is what the crash of 2008 taught us as well as these last months in 2022. However, the world must go on.
The best way to battle against economic instability is to make more money. After some research, we have gathered a lot of information on the top three cryptos to buy to hedge against the fallout that’ll result from the incoming economic meltdown – Solana (SOL), Ethereum (ETH) and Parody Coin (PARO).
Solana (SOL)
At the time of writing, CoinMarketCap names Solana (SOL) as the 9th most popular coin in the world. It has the fastest blockchain, processing up to 710,000 transactions per second (tps). It has become the fastest-growing coin in the crypto space, being dubbed the “Ethereum Killer”, because it does better than Ethereum in so many ways.
Solana (SOL) is faster, cheaper, and more efficient than its competitors. This gives it an edge over other Altcoins. Although it has seen a decline from its ATH of $260, it remains a viable coin to buy to potentially boost your crypto portfolio.
Ethereum (ETH)
The second most viable coin globally, Ethereum (ETH), is on our list. Bitcoin (BTC) is in freefall right now. As it’s falling, it takes the Altcoins along with it. However, Ethereum has a high chance of standing tall because of its loyal fanbase and its wide acceptance.
As of today, most banks and financial institutions now use Ethereum (ETH) even when they’ve not yet fully integrated Bitcoin (BTC) into their systems. Ethereum (ETH) is a decentralized network built on blockchain technology. It is more than just a coin. It is a whole system and a sought-after tool by dApp developers because of its numerous utilities like security, performance, scalability, and network size.
Parody Coin (PARO)
This utility token was built on the BNB blockchain and released as a meme coin in presale. It has a potential for 10X growth in the future as it’s the hottest thing in the crypto space right now. While Ethereum (ETH) and Solana (SOL) are already established and have their blockchains, PARO is still in its presale stage. Thus, if you’re looking for a coin to buy in early and then cash out later on, Parody Coin can be the token for you.
Utility is what makes Parody Coin (PARO) stand out. It is poised to offer a ParodyBridge, a ParodySwap and an NFT Marketplace. The aim of the NFT marketplace is to make NFTs available to people with smaller budgets by creating Parodies of trendy NFTs.
Final thoughts
If you’re looking for coins with high utility, Ethereum (ETH) and Solana (SOL) are the ones for you. If you’re looking for a meme coin with the possibility of a high return on investments, Parody Coin (PARO) is the one for you. Whether you decide to pick one or go for all three, the possibility of an investment in any of these tokens going wrong is unlikely.