With another spectacular fall of the cryptocurrency market, many investors will be nervously checking their portfolios this week to see how their chosen investments are performing. With the market in volatile times, let’s consider whether it is better to invest in an inflationary project like Solano (SOL) or a deflationary crypto like Parody (PARO).
Solano (SOL) – A SOUND INVESTMENT
Solano (SOL) continues to outperform other altcoins and looks strong enough to weather this latest crypto storm. According to the latest CoinShares Digital Asset Fund Flows Weekly report, over $108 million has been invested in Solano (SOL) investment products this year, the most of any altcoin by far, including the mighty Ethereum ( ETH).
Indeed, last week’s Solano (SOL) inflows bring its year-to-date (YTD) net flows nearly $500 million higher than the YTD flows of the leading exchange ETH.
Solano (SOL) cemented its place as the true goliath of the cryptosphere. Solano (SOL) has built-in safeties that will protect it from high inflation rates that could throw a spanner in the works of many other crypto projects.
Solano’s (SOL) initial inflation is 8%. However, this inflation rate will decrease by 15% each year until it reaches what the developers describe as its “long-term inflation rate”. 1.5%. This will hold regardless of the current rate of inflation in fiat currency or other cryptocurrencies. Under this inflation proposal, the total supply of SOL will reach 550,000,000 over the next two years.
Considering this, could Solano (SOL) be considered a anti inflation crypto? The short answer to this question is no. An anti-inflationary crypto, or deflationary coin, is a coin that is decreasing in supply. Furniture of Solano (SOL) tokens grows at a predetermined rate.
However, even though it is inflationary, it has a fixed rate of inflation, so it is not subject to the obvious pitfalls of being connected to national or global fiat currency inflation.
Parody (PARO) – Laugh to the Bank
However, Parody piece (PARO) is a anti inflation crypto, or a deflationary coin. This is a new utility created on Binance Smart Chain (BEP20) by developers for Australia, Germany, and the United States.
The ecosystem of Parody piece (PARO) is designed around the symbolic reflection model. This means that the fees accrued on transactions are redistributed to the various branches. For each transaction, there is a 10% tax which is then distributed in this way: 5% to the token holders, 3% to the liquidity pool, then 2% to the coin burn wallet to be burned and removed from circulation.
It’s a clever tactic that rewards early investors and users who are willing to sit on their tokens for a long time, with high burn in off-peak times providing investors with great profit opportunities.
Parody piece (PARO) users can pay fees to create, sell, and transfer parodies of existing NFTs between wallets in the marketplace. The token has been expertly designed to provide users with easily accessible products that have excellent utility in NFT and the metaverse.
The two cryptos discussed here could make great investments right now. Parody piece (PARO) is currently in stage 3 of its pre-sale. You can follow the link below to join the presale and get on board with this exciting news cryptocurrency project.
Learn more about Parody Coin (PARO):
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