While the crypto winter has been on everyone's mind for the past ten months, after a relatively successful Uptober, many investors believe that the market has a chance of making a U-turn. Although it is still being determined when precisely this will happen as the bear claws are sharp and will only let go with a fight. However, even during dark times, light can be found; you just have to look for it.
When you want to make a bet for the long run, always look for the fundamentals, which are a safe choice or for juggernauts, which, despite being a wild card, could bring you a lot of happiness. Join me in today's editorial, where we will consider Ethereum, which is the second-largest cryptocurrency by market capitalisation and Big Eyes Coin, a new kid on the crypto block. Let's dig in.
Ever since Vitalik Buterin created Ethereum, the crypto world has never been the same. While in 2014, not many could have envisioned the future this "supercomputer" possesses, at the time of writing, not many protocols in the cryptosphere can challenge this wondrous creation. Through smart contracts capabilities and the proof-of-stake algorithm, Ethereum offers a platform: the Ethereum network and the fuel to power it, its native token, ETH.
Due to its architectural design and the growing community of validators, this network offers an unprecedented level of protection, making it a perfect choice for building decentralised applications (DApps).
And although at the moment, its gas fees (price for processing transactions) and network speed could be congested if too many people perform transactions on it, in the near future, this will be resolved, skyrocketing ETH to its hitherto heights. By all accounts, Ethereum is the fundamental that should be on your radar regardless of what colours the charts are.
Despite Big Eyes Coin only recently entering the meme coin elite, it has all the potential to go even further in its quest for conquering the crypto Olympus. This project is unique due to the diverse value proposition it offers to its loyal fanbase. For starters, it managed to build the community around the project even before it was fully launched, which is an impressive achievement considering that it amassed more than $9.4 million in presale. Another reason to look closely at this project is its blend of the two of the most lucrative crypto industries under its umbrella: DeFi and NFTs.
If you follow crypto, you know that DeFi services can be pretty expensive, especially when swapping your favourite tokens. To resolve this unfortunate issue, Big Eyes Coin introduced a special NFT tax, where with each subsequent NFT sale, 4% goes to the original seller, while 5% is distributed to the holders of the platform's native token BIG. By doing so, a constant flow of liquidity is being pumped into the BIG token, and NFT holders are incentivised to resell NFTs, as it will always benefit them with token allocation. Be sure to check this project out, as there is a chance of winning some free tokens with this promo code BUYEYES533 when purchasing BIG. Happy trading!
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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.