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  • What Does The Latest Crypto Market News Spell For The Future Of The Industry?

    Published on June 23, 2022

    It’s been a worrying time in the cryptocurrency industry as of late.

    With $1 trillion being wiped off the global crypto market capitalisation in the past few weeks, alarm bells have been ringing non-stop.

    It’s been an arduous year in crypto for a variety of reasons.

    The overwhelming success in 2021 was when the word ‘crypto’ was on everybody’s mind, even those who had no idea what crypto meant. This may have led to unrealistic expectations of success in 2022.

    The rise of inflation and cost of living prices, especially in the United States and the United Kingdom has led to major cryptocurrency sell-offs throughout the year.

    While it seems like a tumultuous time for the industry, we must recognise that the bear market that is currently taking place is not an isolated incident.

    Is the perfect time for FIREPIN Token (FRPN) to enter the market?

    While last year would have been seemingly perfect for FIREPIN Token (FRPN) to make its debut onto the cryptocurrency market among the success of the altcoin boom, triumph for the project can still be found following its launch next week.

    This current bear market may show a more realistic view of how FIREPIN will perform in the market.

    Despite the current market circumstances, FIREPIN Token should feel confident about the product they’ve put forward and backed by its remarkable presale performance, excitement about the community-driven DAO (decentralised autonomous organisation) is sky-high.

    Aside from ApeCoin (APE) earlier this year, no other altcoin has essentially burst onto the scene with immediate success, a far cry from last year, but FIREPIN could have a similar impact with its metaverse ambitions as well as aiming to become a multi-chain platform that solves the interoperability issue in blockchain.

    Metaverse 3D games, play-to-earn (P2E) games and NFT game development are just a few sectors where FIREPIN Token (FRPN) look to invest in and make their mark.

    Can OKB (OKB) crack the top 50 cryptocurrency list?

    Currently ranked as the 62nd biggest cryptocurrency in the world, amassing a market cap of almost $700 million, according to data from CoinMarketCap, OKB (OKB) is the global utility token issued by the OK Blockchain Foundation.

    Having become a world-leading trading floor since its initial launch in 2017, OKB is the utility token of OKX which enables users to access the cryptocurrency exchange’s special features.

    OKX is one of the largest crypto spot and derivatives trading exchanges.

    It is alsois used to calculate and pay trading fees as well as grant users access to both voting rights and governance on the platform, and offer rewards for users who possess OKB tokens. With all of these attractive features, this token could be a good bet to stave off the crypto winter.

    What the next for Terra Luna Classic (LUNC)

    After the recent collapse of Terra (LUNA), Terra rebranded its native coin to Terra Luna Classic (LUNC).

    With hopes of the new chain rescuing the Terra ecosystem, Terra founder Do Kwon took to Twitter back in May to discuss the new move for the blockchain protocol.

    Luna Classic (LUNC) existed before the new chain launch as this chain ignores the new chain, it will continue with the existing code that makes the Terra ecosystem.

    Following the launch of Luna Classic in late May, the community will look to have more of a focus on LUNA burns to reduce the supply with several exchanges having already vowed to burn LUNA tokens through transaction fees.

    Time will tell if this second attempt at this project will show any form of success.

    FIREPIN Token (FRPN)

    Presale: https://presale.firepin.io/register
    Website:
    https://firepin.io/

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