3 Major Cryptocurrencies Trading Under $5
3 Major Cryptocurrencies Trading Under $5 – Cronos (CRO), Pac-Man Frog (PAC), Enjin Coin (ENJ)
Cronos and PAC are among the top trending cryptocurrencies today
Many cryptocurrencies are currently trading for hundreds or even thousands of dollars. Take bitcoin (BTC) for example, buying 1 BTC will cost you a whopping $40,000, not so affordable…
Of course, you can just buy 0.0001 BTC or even less, but it can be frustrating not being able to afford the whole thing.
Chronos (CRO) is the utility token of the Crypto.org Chain and Cronos Chain, the EVM (Ethereum Virtual Machine) compatible block chain developed by a fast growing financial services company and crypto exchange Crypto.com.
The project was renamed Chronos in February 2021 to express its commitment to the development of a decentralized ecosystem.
Cronos is a typical example of a so-called “Ethereum killer”, a term that refers to the alternative Layer 1 (L1) projects that provide users with enhanced transaction speed at ultra-low cost, thus in direct competition with Ethereumthe leading blockchain and smart contract platform today.
Other notable Ethereum killers include high-profile projects such as Binance’s BNB Chain (BNB), Cardano (ADA), Solana (SOL), Avalanche (AVAX), Polkadot (DOT), to name a few. main.
Chronos The chain is Crypto.comof the EVM-compatible blockchain and is powered by Ethermint, a proof-of-stake (point of sale) network developed using the Cosmos Software Development Kit (ATOM). This makes Cronos and Ethereum chains compatible and able to communicate with each other, allowing decentralized applications (dApps) to transfer between the two networks, a major improvement.
Cronos is therefore a promising blockchain that contributes to the overall interoperability of the crypto space, an increasingly relevant objective given the number of existing blockchains still in release today.
CRO is trading at $0.41 at the time of writing and is expected to see a big price increase over the next few years!
Pac-Man Frog (PAC)
Frog Pac-Man (CAP) is an early-stage initiative that aims to create a decentralized community that will help pave the way for Internet 3.0 developments.
Similar to Enjin, Pac-Man Frog will focus on video game and NFT solutions, but with an emphasis on decentralized finance (Defi). Pac-Man Frog whitepaper details development of vibrant ecosystem including NFT game marketan NFT dashboard and user onboarding platform.
Frog Pac-Man is also developing an incubator specifically dedicated to emerging blockchain-based games and NFT projects to provide promising initiatives with access to capital, networking and the opportunity to connect with peers.
Other than that, the Pac-Man Frog token, CAPcontains a governance mechanism that will provide its holders with voting rights regarding the evolution of Pac-Man Frog as a community project.
PAC is currently in a presale period and will be listed on the stock exchange in the coming weeks. The presale is accessible directly on the Pac-Man Frog website.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is an interesting ERC-20 (Ethereum-based) token and currency of the Enjin ecosystem. ENJ was issued in mid-2018, making it a relatively recent cryptocurrency.
Originally conceptualized in 2009, Enjin is a leading and proven blockchain project. video game. Enjin’s core product is the Enjin Network, a diverse gaming-focused platform that allows users to build virtual marketplaces, websites, online communities, and group chats…
Users on the Enjin the platform can use their ENJ tokens to create blockchain-based things like NFT and other in-game items. The interesting feature of Enjin is that in order to craft these items, users need to lock a certain number of ENJ tokens inside, a number that varies depending on rarity and the popularity of objects.
This mechanism in turn ensures that ENJ-backed assets have tangible value because they literally “hold” a number of ENJ tokens. In turn, these ENJ-based NFTs and objects can be destroyed by users, who then receive the Enjin tokens that were used to create the object in the first place – a process called “melting” by Enjin.
Outraged, Enjin Coin’s total supply is limited to 1 billion tokens and 88% of this supply is currently in circulation. As the number of Enjin users increases with the number of ENJ-based articles created, the circulating supply of ENJ will decrease over time.
This makes ENJ a deflationary active, meaning its circulating supply decreases over time, making each ENJ token more valuable by following the laws of demand and supply.
A ENJ the token can currently be purchased for $1.46, an affordable price for investors looking to gain exposure to the blockchain video game industry.
Learn more about Pac-Man Frog:
Disclaimer: The information provided in this article is solely the opinion of the author and not investment advice; they are provided for educational purposes only. By using this you agree that the information does not constitute investment or financial instructions. Do your own research and contact financial advisors before making any investment decisions.