More and more people are becoming fascinated each day by cryptocurrency and how it made people millionaires overnight. But, unfortunately, cryptocurrencies are prone to a gold-rush mentality. Cryptocurrency is a new chapter in the technology sector that needs to be unfolded completely and avail opportunities to make good money. However, for the dream of becoming an overnight crypto millionaire – always take a calculated risk before investing. Nonetheless, cryptocurrencies in presale stages like Parody Coin (PARO) could be a viable option to invest in right now alongside coins like Nexo (NEXO) and The Graph (GRT).
Parody Coin (PARO)
Parody Coin (PARO) is an ERC-20 token that can be used to pay fees for decentralized applications (dApps) built and run on the native blockchain. The Parody Coin (PARO) blockchain is also a decentralized application platform that allows users to create dApps.
The platform also aims to provide its user’s options to mint NFTs and on its way to developing its metaverse with access to dApps. According to their plans, it will be locking its liquidity and will be sent to a time-lock smart contract for some time. It is a bitcoin-like cryptocurrency with a blockchain-based Proof of Stake (PoS). In short, Parody Coin (PARO) is a simple and minimalistic digital currency that runs on the Proof of Work (PoW), PoS and Masternodes.
The Graph (GRT)
The Graph (GRT) is a decentralized, open-source indexing protocol for blockchain information and data. It is an indexing protocol for querying networks like IPFS and Ethereum. The main advantage of its platform is that everyone can build and publish open application programming interface APIs, called Subgroups which makes the data so easily accessible. The Graph (GRT) can be seen just like a marketplace for all the data which is currently present on Ethereum. It works to save both money and time for the developers. It intends to establish a Graph Council, the governing body for all the technical parameters in this protocol.
The Graph (GRT) is a customizable blockchain indexing protocol that allows developers to build dApps that provide access to off-chain resources. Furthermore, it includes smart contracts and business logic, thus making it easy for automated procedures like payments and polling.
Nexo (NEXO)
Nexo (NEXO) is a popular blockchain-based lending platform that aims to offer crypto-backed loans to users. It allows its customers to earn a compound interest on their cryptocurrency that is paid up daily. Nexo (NEXO) aims to solve several inefficiencies in the leading market. It has unlimited access to smart contracts to power its platform and record user balances.
Nexo’s (NEXO) comprehensive mobile app will simplify the management. It is best for long-term cryptocurrency investors and beginners who are new to cryptocurrency savings accounts. Users can easily access their credit line and make a loan request. Furthermore, it allows the user to send or receive funds in any currency through its mobile app or website. In addition, Nexo (NEXO) allows users to earn compound interest on their crypto assets. The platform uses the Ethereum’s blockchain smart contracts technology that enables the recording of each asset’s value in real-time for all loan periods at any given time.
Final Verdict
All three coins discussed above have good roadmaps and investing in them for long-term results is a decent option. But taking a worthy risk and fulfilling your dream of becoming an overnight crypto millionaire might only be possible by Parody Coin (PARO). It is still in its presale stages which makes it highly volatile and has higher chances of gaining good margins in the long term. The roadmap and utilities it will provide to its users will attract many investors and crypto enthusiasts, so it might be a one-time opportunity you should avail yourself of right now.
Investing in Graph (GRT) and Nexo (NEXO) can also be a good option. Still, the lack of decentralization of Graph (GRT) and the high competition in the lending/borrowing crypto space might make you think twice about investing in Nexo (NEXO). Overall, these coins will perform well in the long term, but Parody Coin (PARO) is expected to be ahead of all, and so could your investment.
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DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
