Solana, Polygon, and Big Eyes Coin: 3 Cryptocurrency Tokens Investors Should Watch

The cryptocurrency market is undergoing a period of negative prices and a downturn known as a bear market. This situation is not unique to the cryptocurrency market as other financial markets such as bonds, forex, and stock market are all experiencing similar fates. Investors across the board have moved into preservation mode as they hope to secure their capital until the market becomes favorable.

Additionally, they are also using this moment to shed poorly performing projects from their portfolio. There is an opportunity for investors to purchase project tokens while their prices are low, as solid projects are set to rebound when the market conditions become better. Before investors allocate capital to any projects, they should ensure that they are thoroughly vetted through extensive research.

Researching a crypto project entails checking the use cases, community, fundamentals, and tokenomics. Three cryptocurrency tokens with any investor's time right now are Solana (SOL), Polygon (MATIC), and Big Eyes (BIG). The three crypto projects have strong user communities that actively use the projects. Additionally, they have decent fundamentals and tokenomics. Here is a summary of these projects.

Solana (SOL)

Solana (SOL) is a layer 1 blockchain conceived in 2017 and launched in 2020. The Solana project aims to solve the issues common with Layer 1 blockchains. Solana is fast, has low transaction fees, and is scalable with larger block size. The Solana Foundation is the project's parent company, and it is the brainchild of Anatoly Yakovenko. Solana is suitable for developing DEFI projects and smart contracts and can also host dApps (decentralized apps). This makes Solana quite attractive to developers looking to build scalable solutions.

Solana uses a Proof of History (PoH) consensus mechanism, a subset of the Proof of Stake (PoS) consensus mechanism. This helps Solana and its validators to secure the network and validate transactions. The Solana blockchain is a great destination for developers as it gives them the tools necessary to build and scale their projects. SOL is the utility token of the blockchain, and token holders can stake, sell or use the token for transactions.

Polygon (MATIC)

Polygon (MATIC) is a layer 2 scaling solution for the Ethereum (ETH) blockchain. The project is well structured for scaling and infrastructure development on the blockchain.  The Polygon protocol has the Polygon SDK: a modular and flexible framework that helps developers to build and develop projects. The SDK also allows the creation of zero-knowledge (ZK) chains and optimistic roll-up chains on Polygon. Furthermore, Polygon transforms and expands the capacity of the Ethereum blockchain by changing it into a multi-chain ecosystem.

MATIC is the utility token of the Polygon Network. It secures and enables governance on the Polygon and facilitates trades. For example, users can purchase Polygon NFTs using MATIC. The Polygon side chain allows builders to expand the capabilities of the Ethereum blockchain and uses its network as an extension of the blockchain.

Big Eyes Coin (BIG)

Big Eyes Coin (BIG) is a community token with a cat mascot. It aims to funnel liquidity into the DEFI and NFT ecosystems. It would give more value to both ecosystems by funneling more liquidity into these crypto sectors and improving access. Big Eyes Coin is a fully community-driven project and would be owned entirely by its community.

At launch, 90% of the token would be available for users. Additionally, it would have NFT events where community members could participate and purchase various NFTs, including the top 10 NFTs in its ecosystem. The Big Eyes project is emersed in Japanese culture and draws inspiration from the country.

The BIG tokens are available to be purchased at its ongoing presale. Big Eyes Coin has raised over $1 million for its project, making it an important milestone. To be a part of this project, investors should join the ongoing pre-sale and start stacking tokens. Remember that you can earn various bonuses, and bonuses can stack.