Friday, 9th June 2023

Cryptos that will make you rich – Avalanche (AVAX), Axie Infinity (AXS) & Parody Coin ($PARO)

By Guardian Nigeria
31 March 2022   |   11:03 am
The Crypto community continues to grow rapidly and it only makes sense… Why? It’s an entirely decentralised system that now poses a threat to standard forms of finance, due to its unmatched efficiency and potential benefits.

The Crypto community continues to grow rapidly and it only makes sense… Why? It’s an entirely decentralised system that now poses a threat to standard forms of finance, due to its unmatched efficiency and potential benefits.

A key benefit that has boosted its popularity is that it can make anyone rich. That’s right, you don’t need any requirements to participate. However, it differs from the lottery as Crypto success relies heavily on strategy, not pure ‘luck’. So, why not take advantage and invest in coins that can turn you into a millionaire?

Be sure to keep your eyes peeled for Avalanche (AVAX), Axie Infinity (AXS) and Parody Coin ($PARO)

One should note that Crypto has turned many Decentralised Finance (DeFi) sceptics into enthusiasts. For instance, Lloyd Blankfein, former CEO of Goldman Sachs, criticised Bitcoin in 2017 by stating that something which can move 20% in value overnight does not seem like a real currency. He further claimed that it’s simply a means to perpetrate fraud. 

Fast forward to 2022, the official website of Goldman Sachs now includes a designated area to highlight digitalisation insights. This section provides detailed information about Cryptocurrencies to the Metaverse – thus, encouraging individuals to explore the ‘megatrends that are reshaping the economies’. This clearly illustrates the financial shift we are experiencing in society.

‘Ethereum-Killer’ – Avalanche (AVAX)

Ethereum (ETH) has often been criticised for being quite costly and slow for the average user. This has led its critics to class it as “the blockchain for the bankers.”

As a result, multiple contenders have attempted to overtake Ethereum’s dominance by fixing its faults with a competing blockchain. Avalanche (AVAX), which promotes itself as blazingly fast, low-cost, and environmentally friendly, is one of the key competitors. Overall, it’s definitely a coin that stands out as it assures high transaction security while scaling to a trillion transactions per second.

Concerning its price prediction,  experts estimate a long-term increase by stating that AVAX can potentially reach $940.939 by the end of 2026. Furthermore, it’s expected that the revenue will be roughly 775.5% after a 5-year investment. Therefore, this is a coin that will most likely multiply your money significantly. 

AXS Coin

Another Crypto that is likely to provide you with financial stability is Axie Infinity (AXS). Considering the recent rise of Non-Fungible Tokens (NFTs), AXS future looks very promising. According to CoinMarketCap, it’s currently known for being one of the most popular and biggest Cryptocurrency games, with a market capitalisation of $33 billion, at this time of writing. 

The DeFi game allows players to buy, collect, battle, and trade Axies, which are NFTs. Axie Infinity (AXS) is also one of the first ‘play-to-earn’ (P2E) gaming platforms, with gamers earning tokens as they play. Moreover, some gamers have claimed to be earning thousands of dollars in AXS gaming tokens every day, causing the stock price of this game to skyrocket from $0.54 at the start of 2021 to approximately $80 at the start of this year.

From this, it’s evident that it’s a great investment option in the Metaverse, which also caters to the huge community of gamers – two birds one stone, you could say.

Your Way To Paro-dise – $PARO Coin

Finally, a rising gem to watch out for in the crypto space is a brand-new deflationary utility token – Parody Coin ($PARO). Built on the Binance Smart Chain, its passive income network has been designed ultimately to provide users more control. 

The core purpose of $PARO is to address the lack of access to the NFT market due to the high pricing and fees associated with NFTs, as well as to provide features that are not available on regular NFT platforms.

The developers of the emerging crypto highlight three of its primary functions and how they would benefit its investors in their white paper. Firstly, its feature ‘Parody Swap’ allows users to swap any Cryptocurrency on any blockchain for an equal number of Parody coins. 

Secondly, users will have the ability to send $PARO currencies to other blockchains through the coin’s ‘Parody Bridge’ feature. Furthermore, it offers a ‘Parody Market’ where its tokens will be used to create parody NFTs from other huge bluechip NFTs. In doing so, it will allow holders to mint them. 

A unique aspect of this is that the original owner of a parody NFT based on a specific NFT, such as a CryptoPunk or a Bored Ape, can acquire custody of the parody NFT by burning or locking their original NFT.

To conclude, Crypto-investing is very volatile but it has incredible long-term potential. It’s helpful to acknowledge that the success of famous coins such as BTC and ETH did not occur overnight. Early investors held on and their patience eventually paid off. 

Essentially, this is the same with $PARO, as it is currently in presale and is bound to explode. So what are you waiting for? Purchase tokens and save yourself from missing out. 

Find out more: