Will Parody Coin (PARO) surpass Flow (FLOW) and Zcash (ZEC)?

It’s an unquestionable truth that cryptocurrencies were perceived as an unmitigated boon for criminals before they became more prominent on news and social media outlets. This is because the digital wallets that carry cryptocurrencies do not have to be attached to people’s identities, so sending money can be done anonymously. Now cryptocurrencies have gained huge momentum, with success stories of crypto millionaires circulating the internet.

This article will unpick some of the qualities of Parody Coin (PARO) which sets it apart from other well known cryptocurrencies. There are absolutely no guarantees or promises being made that these investments could lead you to undeniable wealth, but what is sure is that some information could lead you to making a more informed investment decision.

Is Zcash a good investment choice?
Zcash (ZEC) has been noted as one of the most popular privacy coins, which has led to its vast and spreading popularity. Inspecting Zcash price action divulges that the token is in tight range and might be due for a significant breakout.

Zcash (ZEC)’s macro trend exposes that it has been on an aggressive downtrend since 26 March, after peaking at $216. During the May crash, Zcash (ZEC) bottomed out at $69.5, and its price action since then indicates that it has been achieving higher lows. With those lows creating an ascending support line, it is interacting with a descending resistance line.

How scalable is Flow?

Flow (FLOW) is powered by its native token cryptocurrency FLOW. The one layered blockchain was inundated with users wanting to join between 2020-2021, as there was a surge in demand for Decentralised Financial (DeFi) services.

The Flow (FLOW) network has a proof-of-stake consensus mechanism, which grants it free range to be more scalable and environmentally sustainable by sacrificing some centralisation. FLOW was created by the team behind CryptoKitties, whose main focal point was developing a new blockchain that is fast and easy to use. With outstanding potential and specialising in diverse games, Flow (FLOW) can efficiently scale its widespread adoption.