If you had access in the past two years, there is no way you would not have heard of cryptocurrency and all the numerous branches and sectors that the blockchain and cryptocurrency world provides to its users. Cryptocurrency has existed for over a decade with other sectors like DeFi, NFTs, DEXs and many more. However, the attention didn't come until 2019, starting with DeFi projects. Cryptocurrency projects followed suit in 2020, the year of the pandemic. NFTs also rose in popularity in 2021. The cryptocurrency has been on an up and down trend of changes since 2019.
As you already know, a cryptocurrency is a digital currency created and run with the aid of advanced encryption techniques known as cryptography. Starting in2009 with Bitcoin, many more projects have come up after that, utilizing the feature of the blockchain to their full advantage. Now, there are so many altcoins running the cryptocurrency market alongside bitcoin. In fact, Altcoins make up most of the crypto projects. The world is in support of cryptocurrency stocks due to its decentralization. This decentralization is the main reason many people are looking to invest in cryptocurrency stocks. If you are one of the people looking to invest in projects in the cryptocurrency market, then this article is for you. This article highlights two cryptocurrency projects to invest in 2022. They are Monero (XMR) and Parody Coin (PARO).
Monero (XMR)
Monero is an open-source blockchain with roots of creation from a decentralized grass-roots development. Monero is very similar to Bitcoin, but the major difference is that Monero focuses more on privacy and anonymity for the users and their transactions. The cryptocurrency token is XMR. The token, XMR, is a blockchain-based altcoin with multiple privacy-enhancing features. XMR is also untraceable.
Parody Coin (PARO)
The NFT world is constantly evolving. Since it blew up in 2021, when everyone talked about NFTs, there have been different updates and versions of the NFT world in the application by different people. NFTs started as mainly digital art in the form of images, GIFs, and videos for sale, but now, NFTs have gone beyond digital art usage and are now used for gaming assets, music and ticketing NFTs and real-world collectables, among many others. With the growth of the NFT world, certain challenges come with it. Currently, the NFT world is becoming too exhausting to participate in. As many people are diving into the NFT ecosystem, it is becoming too filled up and expensive for everyone to participate in it. This makes the NFT ecosystem's target audience more limited as time passes.
There are some projects that were created to switch this up. Parody Coin is one of them. The Parody Coin ecosystem is a protocol designed to improve accessibility and inclusiveness for everyone in the world in the interesting and beneficial parts of the NFT world. The Parody Coin ecosystem was created to allow users to mint parodies of their favourites and the most popular NFTs in the NFT world. Parody Coin also provides its users with features that allow them to easily trade these minted NFT parodies and earn returns on them. Also, if by any chance, the minted parody NFT is a functional NFT, the users can gain utility value from it just like they can if it was the original NFT.
The Parody Coin ecosystem consists of different elements that make it possible for the project to achieve its aim. These ecosystem components are the NFT marketplace, a DApp store, the Paroverse and the Parody Coin, PARO.
PARO is the utility and native token of the Parody Coin ecosystem. This PARO token is used to pay fees for minting and transferring NFT parodies on the marketplace from one wallet to another. PARO will be launched on PancakeSwap.
You can join Parody Coin's ongoing presale or learn more using the links below.