3 CRYPTOCURRENCIES TO PUT UP ON YOUR WATCHLIST: PARODY COIN (PARO), LITECOIN (LTC), AND CARDANO (ADA)

By Global Finance News Last updated Oct 6, 2022

Introduction

There are thousands of cryptocurrencies on the market, so choosing the best one is not a piece of cake, especially if you are just getting started with cryptocurrencies. PARODY news…

Probably, you have heard that your friends invest all their money in prominent cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH), and they have indeed made millions. They probably invested in these cryptocurrencies in their earlier stage, which is not the case now. Top-tier cryptocurrencies have already achieved their maximum potential, and their market value has skyrocketed. Investing in them requires a decent amount of investment, while newer cryptocurrencies don’t have any such prerequisite. People who have made fortunes through cryptocurrencies have typically invested in the earlier stages or the presale. At the presale stage, you can buy coins at a premium. As the price goes up, you can sell your coins at a higher price and maximize your profits. Let’s dig deep into some options to help you become a millionaire.

Parody Coin (PARO)

Parody Coin (PARO) is a deflationary utility coin based on Binance Smart Chain (BEP-20). After being publicly announced, it was quickly popular with investors due to its passive income potential. It provides a user-friendly decentralised application (DApp) that can emulate your favourite NFTs on BNB chains, Ethereum (ETH), and other blockchains. You can also sell these NFTs and buy them from other investors. The presale has only just begun recently, but with investors rushing in, Parody Coin (PARO) has already become a fan favourite. It allows users to have more control over their funds than other blockchains, while at the same time having the potential to generate their income in a variety of ways.

Parody Coin (PARO) also distributes the responsibility of maintaining a liquidity pool to users. Liquidity arises from the fees users pay when trading in the ecosystem.

It also has the great advantage of being able to be exchanged for other cryptocurrencies on other blockchains. This can be achieved by incorporating a native Parody bridge built into the Parody Coin (PARO), a blockchain with smart contracts that helps keep the liquidity pool wallet accessible.

Text

Description automatically generated with low confidence

Litecoin (LTC)

Following Bitcoin (BTC), the first market-leading cryptocurrency, Litecoin (LTC) was launched in 2011. Litecoin (LTC) is based on an open-source global payment network independent of the control of central authorities and third-party intermediaries. As a peer-to-peer (P2P) digital financial currency without a central authority, the network offers immediate, and near-zero cost payments. With faster block generation rates and better transaction confirmation times than its competitors, the network is expanding exponentially. Its market value is $66.50 as of today, with a 24-hour trading volume of $611.1 million. It is currently ranked 20th on CoinMarketCap and has a real-time market capitalization of $4.6 billion. The cyclic supply of Litecoin (LTC) is 70 million coins, with a total supply of 84 million.

Cardano (ADA)

On their website, Cardano (ADA) claims to have been developed for “changemakers, innovators, and visionaries,” which is evident from its many innovative and valuable features. Created by Ethereum (ETH) co-founder and launched in September 2017, Cardano (ADA) is a Proof of Stake (PoS) blockchain with a special two-tier system. The Cardano (ADA) team acknowledges that extensive research was done before launching the open-source blockchain and is proud to focus on driving global innovation and market improvement. Their research continues to focus primarily on building secure and functional distributed networks.

The network is named after the 16th-century Italian mathematician Gerolamo Cardano, and the token refers to the 19th-century mathematician Ada Lovelace. It is one of the fastest-growing cryptocurrencies, with a market value of $0.555 and a 24-hour volume of over $1.3 billion as of today. The market cap of this cryptocurrency is over $18 billion, putting it at 7th in CoinMarketCap.