Recover The Crypto Crash With Filecoin (FIL) And Parody Coin (PARO)

25 June 2022

in XLM

Reading Time: 6 mins read

Recover The Crypto Crash With Filecoin (FIL) And Parody Coin (PARO). This is a sponsored advertising post. Nothing in this content should be construed as advice, it is meant for informational purposes only.

The most recent flash crypto crash indicates danger for the cryptocurrency market, which was already experiencing layoffs and hiring freezes due to the global economic crisis.

The market capitalization of all cryptocurrencies fell below $1 trillion for the first time since January 2021, as token holders sold their digital currency.

According to cryptocurrency analysts, the bear market looks to have arrived in full force. The decline has deepened, and crypto investors and enthusiasts are presently feeling shocked and lost.

The cryptocurrency market’s volatility is a well-known caveat, yet this fact also inspires optimism that the market might recover.

Keeping this in mind, these two tokens that may provide long-term benefits to crypto enthusiasts. There are Filecoin (FIL) and ParodyCoin (PARO).

Filecoin (FIL)’s Most Successful Presale

Filecoin (FIL) is an open-source, public cryptocurrency and digital payment system for collaborative digital storage and data retrieval.

Despite technical difficulties, Filecoin’s ICO (Initial Coin Offering) received $200 million from approved investors in 2017. Sequoia Capital and Union Square Ventures purchased tokens for $52 million in a presale.

CoinList, a joint venture between AngelList and Filecoin (FIL) creator Protocol Labs, facilitated the ICO. On the day of the launch, social media reports revealed that numerous consumers could not access the website after the sale started. In reality, sales were suspended after barely one hour.

Despite a rising minimum price, it was adjusted many times inside the first hour. As more investors join Filecoin’s ICO, the minimum price purchasers must pay increases. At the time, investor interest in the auction was unprecedented.

The Filecoin (FIL) team stated 30 minutes into the auction that presale investors had contributed $252 million. FIL’s initial coin offering (ICO) was the biggest to date, surpassing Tezos’ $232 million mid-July.

Since September 2021, FIL’s performance has been continuously inferior to that of Stellar (XLM), declining. However, the first investors benefited greatly from the initial feeding frenzy. It is just a matter of identifying the correct coin.

Parody Coin (PARO)’s Potential For Profit

Parody Coin is a future meme coin still in its infancy. However, it has shown a great deal of uniqueness by blending the NFT space.

The project enables holders of PARO tokens to create spoof NFTs. The spoof NFTs may then be listed on the platform’s NFT marketplace. This is a method for constructing a community of cryptocurrency NFT aficionados.

The initiative is minting 240 billion PARO tokens in total. This is done to reduce inflation and maintain a high price for PARO tokens.

The smart contract will be audited by Certik, a reputable blockchain security company following the plan. This is essential because it soothes investor anxieties. Hackers have abused Blockchain initiatives owing to insufficient security.

There will be listings for Parody Coin on centralised exchanges. This will allow more people to believe in it and support the effort.

Investors may purchase PARO tokens using major cryptocurrencies like ETH, BTC, LTC, XRP, and Tether (USDT), among others, during the presale phase of Parody. This endeavor has the potential to achieve a new all-time high if the market becomes positive.