Paragon Network ($PARA) is a promising brand-new cryptocurrency introduced in April 2024. Built on the Ethereum network, Paragon Network facilitates decentralized technology practical for everybody. This is a revolutionary movement in the decentralized computing industry.
Paragon Network maintains its compatibility with the infrastructure of the Ethereum network. They are aiming to revolutionize cloud computing and GPU network tokenization.
Paragon Network’s much anticipated Test Net demonstrates their dedication to quality and innovation. This significant accomplishment marks a turning point in the growth of the business and validates Paragon Networks’ leadership in the Layer-1 protocols for smart contracts.
This article will provide a comprehensive overview of the latest addition to the blockchain network – Paragon Network ($PARA). I will be analyzing the economics, key features, past performance, and expected future prices.
What is Paragon Network ($PARA) & How does it work?
The Paragon Network ($PARA) is committed to establishing a decentralized chain that will facilitate the distribution of cloud computing capacity and the formation of the Cloud Computing Alliance (CCA), even when they are preparing for the network’s formal debut.
They are seeking to transform the cloud computing market by hosting all other cloud computing networks on ETH and transferring them to Paragon. This will transform the availability of decentralized technology accessible to people and not just projects.
Paragon Network Key Features:
| Guaranteed Uptime | The uninterrupted access to resources on the Paragon network is beneficial for applications that require high GPU power. |
| Scalability | All the resources are allocated regardless of scale. This is a of the Delegated Proof-of-Stake (DPoS) consensus process with the EVM-compatible Layer 1 infrastructure. |
| Enhanced Security | Processing is safeguarded with layers of security along with AI-enhanced technology |
What is a $PARA Token?
$PARA is a native utility token of the Paragon Network. It is used to perform transactions and pay network fees on the protocol.
Paragon Network ($PARA) Price Prediction
At the time of writing, $PARA is trading at $0.00528 – up 117.60% in the last 24 hours.
Based on several key indicators including market equilibrium and trading signals, we have made the future price prediction of $PARA until 2030. Check out the future price of Paragon Network ($PARA) prediction for the next seven years;
| Year | Minimum Price Prediction | Maximum Price prediction |
| 2024 | $ 0.001594 | $ 0.005228 |
| 2025 | $ 0.001594 | $ 0.007531 |
| 2026 | $ 0.001329 | $ 0.004231 |
| 2027 | $ 0.001457 | $ 0.002985 |
| 2028 | $ 0.002152 | $ 0.005077 |
| 2029 | $ 0.004071 | $ 0.010136 |
| 2030 | $ 0.004018 | $ 0.006515 |
Where to buy Paragon Network ($PARA)?
$PARA is only available to purchase and trade on the decentralized exchange Uniswap V2 (Ethereum), in the token pair PARA/WETH
How to buy Paragon Network ($PARA)?
Step 1: Download a Wallet: Within the Ethereum Network, there are several cryptocurrency wallets available. You may download the wallet Chrome extension and Google Chrome on a desktop computer. If you would rather use your phone, you can download the wallet from the iOS App Store or Google Play Store.
Step 2: Set up your Wallet: Using the mobile application you have downloaded or the Google Chrome extension, register and set up the cryptocurrency wallet. Refer to the wallet’s help page for further information or clarifications. Remember your wallet address and be careful with your seed phrase as this will be used in the later procedures.
Step 3: Buy ETH as your Base Currency: After setting up your wallet, you may log into your Binance Account and purchase ETH by visiting the Binance Crypto website. If you haven’t used Binance before, you may sign up and purchase your first cryptocurrency.
Step 4: Send ETH to your Crypto Wallet: Once your ETH has been acquired, locate the ETH you bought by going to the wallet area. Select, withdraw, and complete the necessary fields. Once the network is set to Ethereum, enter the amount you wish to send along with your wallet address. Wait for your ETH to appear in your wallet after clicking the withdraw button.
Step 5: Choose a Decentralised Exchange (DEX): You merely need to confirm that the exchange supports the wallet out of the several DEXs available.
Step 6: Connect your wallet: Utilise your wallet address to link your wallet to the DEX that you wish to use.
Step 7: Trading: Trade your ETH with the coin you want to get. Choose to pay using Ethereum and purchase Paragon as your desired coin.
Conclusion
Paragon Network is not another simple blockchain project because it provides customers with unmatched security, scalability, and accessibility. The protocol facilitates the distribution of cloud computing capacity and the formation of the Cloud Computing Alliance (CCA). Paragon Network’s native cryptocurrency, PARA is projected to grow in value, making it a credible long-term cryptocurrency investment
Cryptocurrencies are highly volatile assets, and therefore you need to do proper due diligence before making any investment decision
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