An advantage of buying early into a just launched project is the huge profit potential that comes with it. It is a unique position that offers little to lose and very much to gain, and as such is attractive to new users and customers. With the trend we see with notable cryptocurrencies like Bitcoin (BTC), over time, it has been observed to have an uptrend movement on the charts. Cryptocurrency requires patience, as much of the work is concentrated on careful research and monitoring market movements.
Many projects on launch have on several occasions made more than double the initial capital for users who buy in early. Big Eyes Coin (BIG) is no different, as it is set to follow market movers like Ethereum (ETH) and Algorand (ALGO).
The meme coin industry is agreeably saturated with potentially useless coins and tokens. Big Eyes Coin (BIG) seeks to change this, as it is a meme coin with utility. Developed with the primary intention of funneling wealth into the DeFi community, Big Eyes Coin has huge growth potential. It is a highly community-driven protocol with attractive decentralized finance (DeFi) features and rewards distribution systems. The Big Eyes Coin (BIG) protocol features a trading platform called Big Eyes Swap, an NFT collection called the Big Eyes NFT, and many more DeFi-oriented features to bring more value into the ecosystem.
A huge plus for Big Eyes Coin (BIG) is its involvement with Charity organizations, particularly with charities committed to preserving marine life and cleaning up the oceans. Many charity events would be held by the community, with proceeds going towards ocean conservation efforts. The Big Eyes Coin (BIG) is the adopted token of the Big Eyes Protocol. It serves both utility and governance as it creates a way to store and transfer value within the protocol.
Algorand (ALGO) was developed in 2017 as a highly decentralized Blockchain network. It was primarily built to improve scalability and provide access to DeFi solutions within the crypto industry. The Algorand (ALGO) Blockchain offers near-instant transaction completion, high security, high speed, and low fees. It operates using the pure proof of stake consensus system which requires no stakers, as every asset holder within the network has a share of the transaction rewards and the validation duties.
Algorand (ALGO) creates a vast ecosystem of projects with revolutionary DeFi technology, including non-fungible token (NFT) marketplaces, trading platforms, and the development of decentralized services including decentralized applications (dApps), tools, and resources. The ALGO is the native currency on the Algorand chain, and it provides access and governance within the ecosystem.
Ethereum (ETH) is the brainchild of renowned computer programmer Vitalik Buterin, and a team of professionals within the crypto-verse. It was developed as a network committed to granting full ownership and access to funds and assets to users. It is currently the biggest decentralized protocol in the world, supporting many Blockchain networks within it. Ethereum's code, the Ethereum Virtual Machine (EVM) propels other blockchains as well, and for this reason, many networks rely on Ethereum (ETH) for operation.
Currently, Ethereum (ETH) is the second most valuable cryptocurrency in the world with the potential to scale and become more interoperable. The native token for the Ethereum network is the Ether (ETH), a high-value crypto coin with utility. Ethereum operates using the highly secure Proof-of-Work (PoW) consensus system, and for this reason, many side chains seek to leverage Ethereum's security to provide scaling solutions to crypto users.
There are plans in place to launch Ethereum 2.0, a more permanent scalable solution for Ethereum, and there are even plans to change the consensus mechanism from the energy-consuming Proof-of-Work (PoW) to the more energy-efficient Proof-of-Stake (PoS) module. This would see a notable increase in Ethereum service delivery with higher speeds, high network throughput, and low gas fees.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.