Top 3 Promising Crypto Projects: Avalanche (AVAX), Theta Network (THETA) and Parody Coin (PARO)

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Top 3 Promising Crypto Projects: Avalanche (AVAX), Theta Network (THETA) and Parody Coin (PARO)

April 26
20:48 2022

With almost 20,000 altcoins in existence and the apprehension that investing in more of them increases the likelihood of returns, choosing which crypto to invest in can feel like a daunting task.

Yet while the chances of winning the lottery stand at around 1 in 14 million, becoming a crypto millionaire is seeming more realistic with the amount of crypto projects that have been taking off over the past year. But could Avalanche (AVAX), Theta Network (THETA) or Parody Coin (PARO) be the next goldmine?

These are three cryptos offering long-term benefits. Because of their strong branding and innovative designs, these assets appear to be well-positioned for longstanding success. Let’s delve a little deeper into why you should be adding these three to your crypto portfolio.

Avalanche (AVAX)

Avalanche (AVAX) is a dApp platform that aims to be faster and less expensive than Ethereum (ETH). While there are plenty of potential ‘Ethereum (ETH) killers’, Avalanche (AVAX) stands out due to its Ethereum (ETH) compatibility and deflationary design, which will help ensure that the price of its native token rises as the platform gains more users.

Avalanche (AVAX) has a transaction speed of 4,500 TPS, which is far faster than Ethereum’s (ETH) 15. It does so by using Snowman, a PoS protocol compatible with Ethereum (ETH), as its consensus mechanism. Avalanche’s (AVAX) development activity and user demand could be boosted if Ethereum (ETH) smart contracts could be easily adapted to it. However, Avalanche (AVAX) has another trick up its sleeve that will pique the interest of potential investors.

The platform burns transaction fees via an automated process, which could raise the token’s price by increasing its scarcity in relation to demand. According to the network’s website, it has already destroyed 1.3 million AVAX units, which equates to roughly $111 million.

Theta Network (THETA)

Theta Network (THETA) is a peer-to-peer video and entertainment blockchain. It aims to provide better video delivery at lower costs. This eliminates the prohibitively expensive problem of delivering high-quality videos to far-flung corners of the globe. Theta (THETA) has the potential to be the future of internet video streaming.

Steve Chen, who is no stranger to upending the video industry, founded this project. Chen co-founded YouTube in 2005, which has revolutionised the way people consume content. He now believes the industry is ready to undergo a new evolution. Theta Network (THETA), he believes, is that evolution.

Theta Network (THETA) has benefitted from funding from over 20 large investors so far. In addition, top executives from Twitch, Verizon, Microsoft, and YouTube serve on its advisory board.

In the latest news, Samsung released new devices in collaboration with Theta (THETA) NFTs, which may have been responsible for driving up the price of THETA by 11% over a 24 hour period.

Parody Coin (PARO)

Parody Coin (PARO) is the most recent deflationary token to enter the market, starting its presale only weeks ago. 

It’s based on the Binance Smart Chain (BNB), which allows for instantaneous transactions and extremely low gas fees on the network. Furthermore, Binance Smart Chain (BNB) has advanced smart contract functionality as well as compatibility with the Ethereum Virtual Machine (EVM).

Despite the fact that Parody Coin (PARO) has yet to launch, it’s generating buzz in the crypto and NFT communities due to its bold goals as stated in the White Paper.

The goal of Parody Coin (PARO) is to address the exorbitantly high floor prices of popular NFTs, which make the market exclusive and elitist. The entire NFT market could shift to Parody as a result of users being rewarded for minting ‘parodies’ of expensive NFTs and selling them on the market for a low price (as owners of original NFTs can gain ownership of the parody by locking up or burning the original).

Parody Coin (PARO) will also provide three additional revenue streams for its holders to generate consistent passive income. These include staking on the BNB Chain, ParoRewards, and reflection.

Because the token is in its first stage of presale, it’s currently available for purchase at its lowest price ever. Because of the attention Parody Coin (PARO) has gotten, it’s likely to take off soon and reward early investors with massive returns.

For more information about Parody Coin (PARO), visit:

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