Cryptocurrencies entered the financial market in 2009, with the launch of Bitcoin. With thousands of different cryptos worldwide, we have watched the market grow and become one of the biggest sectors within the economy. Litecoin (LTC) launched in 2011 and is currently ranking 20th on coinmarketcap, at the time of writing. Compared to a new coin currently in the presale stage, Parody Coin (PARO) is a great example of how crypto has evolved.
What Is Litecoin (LTC)?
Launched in 2011, just 2 years after the release of Bitcoin, Litecoin is almost identical to Bitcoin. This is likely due to the roaring success of Bitcoin.
Despite its aim to mimic Bitcoin, Litecoin has done exceptionally well over the years as it is one of the most popular coins on the market. Being decentralised and blockchain secure, Litecoin is a trusted way for users to invest and use crypto.
Arguably, LTC is a basic coin and is easy to use, which is good for beginners and users that prefer trading with simpler cryptos.
How Has The Crypto Market Grown From The Traditional Coins?
Since the launch of Litecoin, the crypto market has evolved significantly. With different types of crypto projects being released all the time, from meme coins to NFT focused coins, the market has become very diverse.
Parody Coin (PARO) is a great example of how much the crypto market has developed. Being a meme coin with many features, Parody Coin is one of the upcoming coins with a lot of potential to become big in the market.
What Makes Parody Coin (PARO) unique?
Currently in the presale stage, Parody Coin is unique from other projects in this phase. With 3 key features:
- Parody Swap – allowing users to swap any crypto within any blockchain to an equivalent amount of PARO coins.
- Parody Bridge – a bridge allowing users to transfer PARO coins to other blockchains.
- Parody Market – an NFT marketplace for Parody NFTs. Users can mint Parody tokens from other big bluechip NFTs.
These 3 key features differentiate Parody Coin from other crypto projects in the market. With a clear plan for its users, they know how to entice users to help them benefit from their project. By targeting users who are interested in NFTs as well as providing flexibility to its users by using multi-chain technology, Parody Coin is targeting a diverse range of individuals.
Why Is This Needed?
With so many crypto projects out there on the market, it has become oversaturated. Hence, for a new crypto project to enter the market, it has to ensure it has key features to make it stand out and attract users.
Parody Coin does a great job of this, especially as it is still in the presale stage. With a clear plan set in place for its users, it seems that Parody Coin can become big in the market, possibly more so than LiteCoin.
Parody Coin (PARO)
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