Crypto Crash Today: Ethereum (ETH), Ripple (XRP), Parody Coin (PARO)

Although, this is not the worst crash compared to previous years. Investors should not be discouraged, we’ve seen how the market can bounce back. Many investors have found investing during a crash to be hugely beneficial in the long run.

Today we will look at Parody Coin (PARO), as well as Ethereum (ETH) & Ripple (XRP), as these could potentially bring profit to investors’ wallets in the near future.

What is Ethereum (ETH)?

Ethereum is an open-source blockchain that enables decentralised applications and financial services by leveraging smart contract technology. Ethereum also has its own native currency – Ether Tokens (ETH) – which can be purchased and traded for any other cryptocurrency.

Ethereum was established and made to be the model crypto ecosystem, creating a blockchain that could accommodate a wide range of platforms and currencies.

When looking at the website, Ethereum defines itself as “a technology that’s home to digital money, global payments and applications” that functions as a ‘digital economy’ in its own right.

Make Your Wallet Bulge with Ripple (XRP)

XRP is a token with the primary function of being a medium of exchange. The token is used as a pool of liquidity, granting the ability for users to transfer any currency to another without the need of a third party.

To illustrate, let’s assume a bank or business needs to send money to another financial entity in another country. The bank would need to make a wire transfer and convert their money to another currency to pay the recipient in their respective currency.

This all sounds practical; yet, this process takes days and costs many fees due to the amount of movement needed to make the transaction complete.

Upcoming Coin Parody Coin (PARO)

Parody Coin, currently reaching stage 3 of its presale phase, is one of the new crypto projects that are yet to be launched and that most investors and analysts would advise taking a look at, given the recent events of the current crypto market.

Parody Coin is referred to as a deflationary utility token built on the Binance Smart Chain. As a deflationary token, this means the number of coins in circulation does not increase but decreases over time.

Part of the fees users pay is systematically sent to a burn wallet where they are eradicated and not bought back into circulation.

Parody Coin has 3 key utility features that are offered to its users – Parody Swap, the Parody Bridge and the Parody NFT marketplace.

Conclusion

To wrap up, after assembling some key pieces of information about Ethereum, Ripple and Parody Coin, crypto analysts would suggest doing your own research before investing.

Given recent events on the market, investing in new projects and coins like Parody Coin would always be considered a smart investment as they have more potential to grow in value.

Parody Coin (PARO)

Presale: https://presale.parodycoin.io/register