When cryptocurrencies got popularized, the success of a project depended on its whitepaper announcement and the scarcity of its tokens. Now, the requirements are changing subtly, as the tokens with the most users and members perform the best. The users help increase traffic on the platform and demand for the token, thus increasing the coin's value. Here, we have compiled some top-performing tokens–Solana (SOL), ApeCoin (APE), and Big Eyes Coin (BIG)–who receive active support from their communities.
The Solana (SOL) blockchain was released in 2018 after the developers announced its whitepaper the previous year. The network was an excellent solution to the current blockchain issues, as many blockchains found it quite tricky scaling to accommodate the increased user influx. Some who could accommodate it sacrificed speed for it and subsequently charged more network fees.
Solana (SOL) is very popular for its low network fees and speedy transactions. The platform validates transactions using smart contracts based on a proof of stake/proof of history hybrid protocol arrangement. According to the developers, this hybrid protocol is the key to Solana's outstanding features since it dramatically reduces the energy required to process each transaction.
Solana (SOL) attained its highest cryptocurrency price in 2021, following the creation of a localized NFT marketplace on the platform. The NFT club drew users from other networks, like Ethereum and Polygon, where high gas fees hampered smooth trading, to Solana (SOL), where speed and low gas fees were guaranteed.
Since the crypto collapse affected the market, Solana's (SOL) valuation on various DEXs has dropped by about 87%. It currently sells for $33.61, according to CoinGecko.
ApeCoin (APE) is another notable token wholly run by the community, in association with a foundation and a team of developers. The APE token was designed to function as the official token for the Bored Ape Yacht Club, one of the biggest NFT clubs.
The APE platform exists on the Ethereum blockchain, with access to many DeFi tools and software. These applications make it easier for members to carry out operations on the ApeCoin (APE) network. The platform also supports NFT trade and usage, instrumental to its function in the Metaverse.
ApeCoin (APE) is used to create and trade NFTs that will be used as player avatars and elements of the game's graphics. The primary purpose for free designing the coin is for use in the community's gaming interface. Members also use it to vote on protocol alterations seeking approval.
ApeCoin (APE) is listed at $5.27 on CoinMarketCap.
Consistent with memecoin trends, Big Eyes Coin (BIG) is pulling together a vast community who have supported the project. Their contribution undoubtedly brought the project to its current state in the cryptocurrency market, where it has made over $6.6 million in presales. It's currently in its third presale stage, and a lot is still to come from the development team.
Big Eyes Coin (BIG) understands the importance of an active community. The developers keep the community's interests in mind while making decisions. For instance, the developers announced that 70% of the initial tokens would be available for buying at the presale. This places a lot of decision-making power on the members.
Also, in appreciation for the members' support for the project, there is an ongoing Giveaway, where ten lucky winners stand a chance to win 250,000 BIG tokens. The draw will occur in December, so there is ample time to buy BIG tokens and hold them.
Another significant feature of the Big Eyes Coin (BIG) project is that it will soon launch its NFT club, where developers and users can create and trade tokens. A significant bonus is trading on the NFT platform doesn't incur any fees or charges. This means all users will mint, exchange, and sell/buy NFTs at zero network fees, which is a massive incentive in attracting users to the platform. A well-developed NFT marketplace will contribute significantly to BIG's cryptocurrency price.
So, do you want to be a part of the Big Eyes Coin (BIG) project? Here's your chance to join the presale before it rounds up and the prices spike. Click here to participate in the presale and stay up-to-date with news from Big Eyes (BIG).
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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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.