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The crypto ecosystem goes through market cycles like other financial markets. To navigate these market cycles, it is important for investors to have a clear plan and investment strategy that will allow them to navigate each market cycle as they occur. The cryptocurrency market is currently in a bear market, which means that investors will need to adjust their trading strategies if they hope to survive these volatile markets. To get the best out of their portfolios, investors would have to seek undervalued crypto projects which will rebound when the market cycle changes. Investors must spend significant time scouting and researching crypto projects to find these projects. This research will cover every aspect of a crypto project to determine if the token is worth purchasing.
Three cryptocurrency projects that investors can purchase to boost their portfolios are Solana (SOL), Dogecoin (DOGE), and Big Eyes (BIG). These three projects have the right attributes to make them top choices for investors. Their tokenomics are solid and have fundamentals guaranteeing a smooth, sustainable project. Here is what you should know about these projects.
Solana (SOL) is a layer 1 blockchain designed by Anatoly Yakovenko in 2017 and launched in 2020. The Solana blockchain is designed to solve some of the common problems associated with legacy blockchains, such as low throughput, high fees, and congestion. Solana is fast, has low transaction fees, and a high throughput that aids transactions. Furthermore, it is scalable and has a large block size to process more transactions per block. The Solana Foundation runs the blockchain, ensuring the chain runs smoothly. Solana is suitable for developing DEFI projects and smart contracts and can also host dApps (decentralized apps).
SOL is the utility token of the blockchain, and token holders can stake, sell or use the token for transactions. Solana uses a Proof of History (PoH) consensus mechanism to validate transactions on its blockchain. It is a subset of the Proof of Stake (PoS) consensus mechanism used by the likes of Ethereum (ETH). Solana provides developers with the tools they need to build and scale their blockchain projects.
Dogecoin (DOGE) is a meme token. Billy Markus and Jackson Palmer developed the project. The duo created Dogecoin by forking Lite coin and named the project after a Shiba Inu dog's "doge" meme. Dogecoin is an open-source crypto token asset with a strong following and dedicated loyalists who believe in the token's supremacy. DOGE was created to be a fun, easy-going, and low-urgency cryptocurrency that would appeal to a casual crypto audience. Furthermore, it was meant to foster a community that is the opposite of the serious Bitcoiners. Dogecoin has gained the attention of two popular figures, Mark Cuban and Elon Musk. This attention has pulled more members into the DOGE ecosystem.
DOGE has acquired utility beyond being just a meme coin. Token holders can use DOGE to tip Twitter and Reddit users. In addition, a planned rollout will allow users to purchase Teslas using DOGE. These and many more features have contributed to the project's continued growth.
The Big Eyes (BIG) project is a DEFI community token. It aims to allow users to get access to the decentralized finance ecosystem by reducing the barriers to entry. The project is community-driven, which is why it will make 90% of its tokens available to its users at launch. This will allow users to be at the center of this project and also allow them to participate in the DEFI ecosystem through injected liquidity. Users would also e able to get extra perks from the platform through NFTs they can purchase.
The BIG EYES tokens are available at the ongoing presale. You can become an early user of the protocol and make yourself eligible for future airdrops when you purchase BIG EYES. Furthermore, you receive an additional bonus when you invite your friends to purchase BIG EYES. You are eligible for the bonus when your friends spend a set amount on Big Eyes tokens.
MORE:
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.
