How Avalanche, Uniswap and Big Eyes are Leading Their Niches in the Cryptocurrency Market Today
From the meme subsector to decentralized exchanges, liquid staking, play-to-earn and so on, the cryptocurrency market can be easily broken into niches. Today, Avalanche (AVAX), Uniswap (UNI) and Big Eyes (BIG) are leading their niche in the cryptocurrency market, offering buyers, investors and software developers a shot at luxury if they jump on them.
Let’s dive into these coins and what they offer.
Avalanche (AVAX)
Avalanche (AVAX) is one of the top cryptocurrencies in the market, and it is famed as the fastest smart contract technology. Using Avalanche has a massive advantage over other blockchains due to its incredibly quick throughput when making transactions. For Ethereum (ETH), it takes about 6 minutes to complete a transaction, while for Avalanche (AVAX), it takes just two seconds to complete that same transaction.
AVAX token offers software developers and programmers the opportunity to create decentralized applications (dAPPs). They can utilize the platform’s protocol to create different blockchain applications. Avalanche (AVAX) also opens a market that fosters the sale and transfer of DApps and self-executing smart contracts that automate various design objectives and product offerings. However, it would appear that Avalanche’s most attractive feature is how it enables businesses to scale using only a few pieces of hardware.
According to CoinGecko, at the time of writing, the current price of Avalanche (AVAX) is $22.56. AVAX has been marked out for its relative stability after the crypto collapse.
Uniswap (UNI)
Uniswap (UNI) is a foremost decentralized exchange platform in the cryptocurrency market today. Uniswap became the first DEX with a trading volume to exceed $800 billion. An astounding feat especially when compared to other exchange platforms.
Uniswap (UNI) became center stage around 2020 due to the increasing amount of discussion surrounding decentralised finance, otherwise known as DeFi. Uniswap (UNI) was launched in September 2020, and shortly after, the token price boomed. Days later, UNI was already trading among the top 40 cryptocurrencies by market capitalization.
On Uniswap (UNI), the users are the liquidity providers contributing assets to the decentralized liquidity pools. This is how the network drives user loyalty and engagement, as it imbues a lasting sense of ownership for more efficient collaborations. These liquidity providers enjoy a fraction of the fees in their pool, earning passive income with every fee.
From its launch in November 2018, Uniswap (UNI) has undergone three upgrades, with the third version featuring improved capital efficiency, better oracles, and flexible fees. According to CoinGecko, at the time of writing, a UNI sells at $6.81.
Big Eyes (BIG)
Big Eyes (BIG) is a full-on community token aimed at shifting wealth into the defi ecosystem and protecting the world’s ecosystem. Big Eyes’ community is its most fantastic attribute, as more users and events will help build momentum for the token and its operations. Big Eyes understands that every cryptocurrency has its heart and soul in the community. As such, it aims to always prioritise the demands of its community and reward its dedication to the project.
Big Eyes Coin (BIG) is hosted on Ethereum (ETH) protocols but is already planning to switch to a Proof-of-Stake consensus system for quick throughput and high scalability. It is the most anticipated meme coin the cryptocurrency market has seen this year. This is mainly because it departs from the dog fanfare that has permeated the meme coin ecosystem, creating a befitting alternative that offers cat lovers and the aquatic community a project to call their own, helping them earn passive income from its high cryptocurrency prices.
As the Big Eyes (BIG) presale goes live, 90% of the tokens will be available at launch to give control of the platform to the community. 10% of total BIG tokens will be equally split between a marketing wallet and charity.
The Big Eyes Coin (BIG) mascot has an Anime design that catches the attention of the youth population, who are the biggest demographic in the cryptoverse. It ranks among some of the top ten NFT initiatives in the cryptocurrency market. For the NFT holders in the community, Big Eyes is working on an exclusive NFT Sushi Crew club such that holders can take advantage of exceptional rewards and purchase the best NFTs available.