With how successful and global the cryptocurrency industry has become, it’s only natural there will be many trying to emulate the triumphs that many cryptos have had within the digital asset space.
The likes of Uniswap (UNI) and Tron (TRX) have become bonafide cryptocurrencies in the industry with both rankings in the top 25 cryptos in the world, according to data from CoinMarketCap.
The likes of Parody Coin (PARO) are newcomers to the space and look to make a real impact.
Is Parody Coin (PARO) set for stardom?
Currently, in its presale stage, Parody Coin (PARO) is a deflationary utility coin that facilitates the trading, minting, and marketing of parodies of popular NFT collections.
PARO is the native token of the Parody Coin ecosystem where the likes of the Parody Bridge and Parody Swap exist where investors could earn revenue through.
The Parody Bridge is a place where PARO tokens can be sent among other blockchains and the Parody Swap exists where users can exchange the cryptocurrency they possess for an equivalent amount of PARO coins.
The Paroverse, a metaverse of the Parody Coin ecosystem contains decentralized applications (dApps) where investors could operate them and also interact with virtual worlds via the NFT parodies.
As the coin remains in presale, the opportunity to get in low for potential investors is there.
Uniswap (UNI) suffers a disappointing month
As the leading decentralized exchange token, Uniswap (UNI) is at the top of its respective game.
However, the recent performance of UNI has left a lot to be desired.
UNI has been red across the board over the past month, suffering a 14.5% dip in the past 14 days.
After reaching its all-time high of $44.92 in May 2021, UNI has since suffered an 80% decline to its current price of $8.99, at this time of writing.
Uniswap is ranked as the 25th biggest cryptocurrency in the world, amassing a market cap of over $6 billion, according to CoinMarketCap.
According to some crypto experts, the minimum price UNI will reach by the end of 2022 is $12 and the maximum price is $15.
Tron’s (TRX) good fortunes come to an end
While most of the cryptocurrency market was in the red this past week, Tron (TRX) had an admirable market performance with a 12.6% rise in the past seven days.
However, it wasn’t to last as Tron (TRX) inevitably succumbed to the market pressure and has dipped 8.0% in the past 24 hours.
Tron is ranked as the 22nd biggest cryptocurrency in the world, amassing a market cap of almost $7 billion, according to data from CoinMarketCap.
As a blockchain-based decentralized digital platform, Tron aims to host a global entertainment system of digital content at a cost-effective price.
Trading at $0.067, at this time of writing, Tron last reached its all-time of $0.23 back in January 2018.
According to TradingBeasts, TRX could reach a price of $0.113 by the end of 2022.
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