23 Jun 2022 · 3 min read

Can Parody Coin (PARO) Reach the Heights of the Surging Shiba Inu (SHIB), Which is Now Up 17%?

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Cryptocurrencies have ultimately changed the way that we trade, purchase, exchange and store our finances. As time progresses, cryptocurrencies are slowly becoming ubiquitous in society, being the main form of currency and investment in Africa, Asia and Europe. Along with cryptocurrencies come meme coins - a digital token that originates from an online meme or viral image. These tokens have created a new wave in the crypto market, bringing humour and enthusiasm to users when investing. Despite the recent crypto crash, people are still searching for a viable way to make good financial returns. This article will explore two meme tokens that have great potential to be a viable investment: Parody Coin (PARO), and Shiba Inu (SHIB).

The Utility Meme Token - Parody Coin (PARO)

Parody Coin (PARO) is an upcoming deflationary utility token that is built on the Binance Smart Chain (BEP20) - with a passive income system that is designed to give users more control over their finances. PARO has a mechanism called ‘Paroflection’, which plans to generate earnings of the native token, and has a feature called ParoRewards system that will initiate earnings in any BEP20 coin that you want. Parody Coin has several key utility features such as Parody Swap, Parody Bridge and Parody Market. Their swap feature permits users to swap any cryptocurrencies within any blockchain for an equal amount of Parody tokens. 

It is ultimately a multi-chain swap that accumulates liquidity into one location. Additionally, the Parody Bridge provides users with a bridge that permits them to transfer PARO coins to other blockchain networks. Furthermore, the Parody Market is essentially an NFT marketplace where Parody tokens will create parody NFTs out of other big bluechip NFTs and allow Parody holders to mint these. Parody Coins have also implemented a unique tax system, with current market development of 2%. The token is now in the third stage of its presale, with an inexpensive initial cost of USD 0.004. If you are looking for a meme token that provides you with multiple unique features, PARO is one to watch out for.

A Top Dog Coin - Shiba Inu (SHIB)

According to Benzinga Crypto, Shiba Inu has surged by 17% in the past 24 hours. Why? Well, Shiba Inu (SHIB) is one of the most prominent dog-based meme coins. It is also one of the most mentioned cryptocurrencies on Twitter and CoinGecko, along with trending among retail investors at press time. Similar to Bitcoin, SHIB came into existence through an anonymous source, a person who goes under the alias “Ryoshi”. Ryoshi has publicly stated that they feel their identity is insignificant to the platform, and if their true identity was discovered, it would be underwhelming. This is partially why SHIB quickly rose in value and became popular, through its mysterious arrival in the crypto market. One of the main people who contributed to the rapid success of Shiba Inu is Vitalik Buterin.

Vitalik Buterin is the co-founder of Ethereum and a Canadian programmer. To reverse the devastating spread of COVID-19 in India, Buterin conducted the largest crypto donation in history with SHIB. After this occurred, Vitalik Buterin burned 40% of SHIB’s total supply to a dead wallet, which helped the success and stability of the meme token. It is one of the top twenty most valuable cryptocurrencies, with a ranking of fourteenth on CoinMarketCap. Furthermore, SHIB’s market capitalisation has significantly increased by 16.59%, along with its volume within the past 24 hours which rose by an impressive 309.63%. If there is any meme coin you can trust, it's Shiba Inu.

Conclusion

Overall, Parody Coin has shown signs of great potential since it came into inception, getting the attention of crypto experts due to its distinct features. Shiba Inu continues to remain one of the most dominant cryptocurrencies and meme tokens, showing no signs of slowing down. If you are looking for a new token that has a low-risk factor and an established coin which has made its mark, PARO and SHIB are the investments for you.

More information on Parody Coin (PARO):

Website: https://parodycoin.io/

Telegram: https://t.me/PARODYCOIN_OFFICIAL

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