Price rises and dips are part and parcel of the cryptocurrency industry and something you should get used to should you want to become fully engulfed in the space.
Price volatility is indiscriminate; any cryptocurrency is vulnerable to these market corrections.
The likes of Solana (SOL) and Ethereum (ETH) are among some of the biggest cryptocurrencies in the world but that hasn’t stopped them from falling and dipping significantly.
The likes of FIREPIN Token (FRPN) remain in presale and have yet to feel the full force of the crypto market, and it's something the project will have to get used to fast.
FIREPIN Token’s (FRPN) blockchain possibilities
The bread and butter of FIREPIN Token’s (FRPN) project is its dedication and planned financial investment toward the virtual reality space.
FIREPIN has built itself as a community-driven DAO (decentralised autonomous organisation) aiming to build towards a metaverse universe.
Having started from a presale price of $0.000067, FIREPIN has since surged to a price of $0.002493, at this time of writing.
The investments of FIREPIN are planned to go into both the metaverse and NFT industries, as well as metaverse 3D games and corporations that plan to develop play-to-earn games.
However, for those that think the virtual reality sphere is all FIREPIN has focused their energy on, they are very much mistaken.
Not only has the DAO branched out in the issues of inoperability between blockchains but FRPN looks to solve the issue which continues to plague millions of crypto users.
With aims to connect the blockchains of Binance Smart Chain (BSC), Avalanche (AVAX), Solana (SOL), Polygon (MATIC), and Ethereum (ETH), users will be able to choose which blockchain they want their transaction to be undertaken on.
Users will be able to save money and receive tokens faster with the choice of choosing the blockchain that’s best for them.
With just six days remaining in its second phase of the presale before FIREPIN enters its third and final phase of the presale. The potential crypto investors should understand just how unique this project is and the impact FIREPIN could have in several sectors of the digital asset industry.
Solana (SOL) struggles to boost its market growth
As one of the leading blockchains in today’s society, Solana (SOL) has endured a remarkable rise to the top of its respective industry.
Ranked as the sixth biggest cryptocurrency in the world, acquiring a market cap of over $30 billion, according to data from CoinMarketCap, Solana reached its most recent peak back in November 2021, having hit its all-time high of $259.96.
SOL has since dipped to a price of $96.46, at this time of writing, as the blockchain platform has struggled to replicate its success of 2021.
A 30.2% decline in the past 30 days has set Solana back in its mission to break into the top five cryptocurrencies in the world.
According to some crypto experts, SOL will reach a value of $138.19 by the end of 2022.
Ethereum’s (ETH) year-end price prediction is bullish
Despite a return to the green in the past 24 hours (2.9%), it’s still not the type of growth Ethereum (ETH) was expecting in 2022.
An extraordinary 2021 for Ethereum and many other altcoins effectively transformed the cryptocurrency market but the sheer growth that the industry experienced last year may have set unrealistic expectations.
ETH trades at $2,928.93, at this time of writing, in what is a 40% dip from its all-time high of $4,878.26, set in November 2021.
Despite the lack of growth, ETH still possesses a bullish price prediction for 2022 by some crypto experts.
According to Bloomberg intelligence analyst Mike McGlone, he has ETH ending the year between $4,000 to $5,000.