Three Versatile Coins That Can Make High Profits in Short Term
When it comes to cryptocurrencies, there are a lot of them out there. And with the rise in their prices, more and more people are getting into this market. So, knowing which coins will make you the most profit...
When it comes to cryptocurrencies, there are a lot of them out there. And with the rise in their prices, more and more people are getting into this market. So, knowing which coins will make you the most profit can be challenging.
In this article, we’re going to take a look at three coins that have great potential in the short term: Firepin Token (FRPN), Cardano (ADA) and Elrond (EGLD). All of these coins have shown significant growth in recent months and could continue to do so in the coming weeks and months. So if you’re looking for a quick payout, these are three cryptos definitely worth keeping an eye on.
Upcoming Innovations in the Short Term: Firepin Token (FRPN)
Firepin Token (FRPN), one of the most exciting projects of 2022, developed in the field of gaming, draws attention to its financial stability and future planning. This token, which is already included in the portfolio of many buyers, seems to appeal to a broad audience with the Metaverse game to be developed. Token holders and analysts state that the presale values of the FRPN token could be a good buying opportunity.
Firepin Token points out the game studio to be established as the first target in the third quarter of 2022. It is anticipated that the highly comprehensive Metaverse game to be developed with the game studio will lead to more mention of the project.
The Firepin Token (FRPN) project, planned to be decentralised, intends to complete the DAO integration from the first quarter of 2023. In this way, much more efficient progress is aimed at the management that will be left entirely to the community.
Firepin Token (FRPN) aims to provide financial stability with the reserve created with BNB. In addition, people who will buy into the ecosystem are provided with a highly profitable staking program, enabling them to earn passive income.
The Riskier, the More Productive: Cardano (ADA)
Cardano (ADA) has a very volatile price chart in the current trading band. Being very close to the resistance point can be a disadvantage for day traders. However, thanks to the significantly increased trading volume, it is possible to make high profits in the short term, as long as you catch the right buying opportunities. Cardano (ADA) carries high risks in terms of leveraged trading as it is currently very open to unexpected price movements.
In the current trading band, it is tough to determine a resistance point for Cardano (ADA). However, with the wave of traders and rising trading volume, it has the potential to reach the first resistance point of $0.70. As the break of this resistance will renew buyers confidence and strengthen the possibility of a bullish trend, it is predicted that the $1 band may be forced as the second resistance point.
Potentially Lucrative Even in the Long Term: Elrond (EGLD)
Elrond (EGLD) strongly holds the first support point at the $51.94 band. Considering the contraction and bearish trend signals in the markets, it is not expected that the resistance point will be broken anytime soon.
Elrond (EGLD) holders generally tend to make long-term purchases. However, the price elasticity, which changes on an average of 6 – 7 dollars per day, draws a very suitable chart for short-term holders and day traders. As long as the buy points are determined correctly, and the general mood of the cryptocurrency markets is followed, it can be a profitable token for short-term trading.
All three of these coins are worth looking into, but if you want our recommendation, we suggest exploring Firepin Token (FRPN). It’s a versatile coin with a lot of potential and could make you rich. If you have any questions about where to buy FRPN or how to buy it, read more with the links below.
Firepin Token (FRPN)
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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