Can Parody Coin (paro) Make Millions Like Dogecoin (doge)& Shiba Inu (shib) Did?

You can make a lot of money with cryptocurrencies. The market is still in its infancy and has the capacity to develop quicker than any other major industry in the world. Last year, many millions were made by many people with The Metaverse and NFTs skyrocketing. It was, however, Dogecoin (DOGE) and Shiba Inu (SHIB), a meme currency duo, that received the most attention.

Since then, many new projects have popped up and disappeared. Squid Games coin is a great example of this. Parody Coin (PARO) is a brand new token electrifying the meme coin space through its intriguing presale.

The Rise Of The Memes

Jackson Palmer, an Adobe engineer in Sydney, Australia, founded Dogecoin (DOGE) as a spoof of Bitcoin (BTC) in 2013. Dogecoin is an open-source peer-to-peer cryptocurrency that uses the Shiba Inu dog meme. During the year of 2021, DOGE had a huge following of ardent supporters from Reddit as well as the very public backing of Elon Musk who helped it rise in value by almost 10,000% in less than a year.

Shiba Inu (SHIB), a direct rival to DOGE, was released on the Ethereum (ETH) blockchain in 2021 by an unnamed developer, with the identical picture of a Japanese Shiba Inu dog. By October 2021, the asset had increased tenfold in value, and the SHIB token was listed on the majority of cryptocurrency exchanges.

Elon Musk, too, jumped on the Shiba Inu bandwagon and tweeted about it constantly, initially increasing the asset’s price by 300%. Though most experts view the SHIB token as a speculative asset, the fact is that all meme currencies are by definition speculative. The coin does, however, have some use as a component of its native ecosystem, which provides NFTs and a DeFi platform via the ShibaSwap safe cryptocurrency trading environment.

Both DOGE & SHIB had poor starts to 2022 as did the majority of the cryptocurrency market. As trading in crypto normally goes in cycles, we can predict that both the meme coin giants should get back to the heights they set in 2021 shortly.

Laughing All The Way To The Bank

Parody Coin (PARO) has just launched into the meme coin world via a presale. Within the Parody Coin world, there will be multiple ways for users to earn money and potentially make millions.

An NFT marketplace where users may mint Parody NFTs is being developed. These are copies of popular NFTs which can be purchased via PARO tokens. The idea behind this is to allow everyone to have access to NFTs.

You will be able to use Parody Coin to swap tokens and bridge between networks. ParodySwap will present you with the opportunity to transfer any crypto tokens you have into PARO and vice versa. The ParodyBridge then allows you to transfer your tokens to other blockchains to trade and buy elsewhere.

All Parody Coin users can earn a passive income through the reward system. 2% of each transaction made on the network is evenly redistributed between active PARO wallets providing an excellent incentive to hold long term.

Additionally, the PARO token may be staked to help protect the network, allowing holders to earn extra benefits. Holding Parody Coin in your wallet could make you millions of dollars in the long run. The developers hope to capitalise on the meme coin trend and follow in the footsteps of Dogecoin and Shiba Inu.

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Disclaimer: This is a company release. No HT journalist is involved in creation of this content.

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