Is fire protocol (fire) underperforming the global cryptocurrency market?

With a price increase of 2.00% in the last 7 days, Fire Protocol (FIRE) is underperforming the global cryptocurrency market which is up 3.10%, while outperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%. What is the market sentiment of Fire Protocol today?

What is fire protocol (fire)?

FIRE PROTOCOL (FIRE) is currently ranked as the #16046 cryptocurrency by market cap. Today it reached a high of $0.010759, and now sits at $0.010480. FIRE PROTOCOL (FIRE) price is down 2.35% in the last 24 hours. FIRE PROTOCOL's ICO launched on December 27th 2020 and ran until December 27th 2020.

What is a fire token?

The Fire Token is a BEP-20 token (a token on the Binance Smart Chain) that incorporates a reflection model to benefit the holders. The reflection model is a mechanism that taxes the traders to reward holders. According to its whitepaper, the fire token has an inbuilt mechanism to assure the funding for marketing for businesses and users worldwide.

What is the future of cryptocurrencies?

The changing landscape of investing and rise of access to technology has led to a newer generation of investors adopting cryptocurrencies as a financial instrument. People are now moving towards achieving financial independence and retiring early ( FIRE ).