The cryptocurrency market is a volatile industry, just like every other. Cryptocurrencies have been working together to ensure they secure the essential investor base to stay afloat as the cryptocurrency market continues to recover from the downturn it experienced in mid-2022. In actuality, a cryptocurrency’s community is what gives it its strength.

To put it another way, only coins with a sizable community will withstand this slump. In light of this, this article will examine the top coins with the biggest communities. Due to their capacity to build a larger and more robust community over time, crypto experts forecast that coins like LooksRare (LOOKS), Polygon (MATIC), and Big Eyes Coin (BIG) will soar in value in the near future.

LooksRare (LOOKS): The Rarest of the Rare – Collect, Trade, and Invest in Unique Digital Assets

LooksRare is a marketplace for digital collectibles and non-fungible tokens (NFTs). The Ethereum-built NFTs trading platform is quickly gaining notoriety and is already competing with the main ones. Users are rewarded for successful transactions and LooksRare makes it simple to trade NFTs using cryptocurrency assets.

Users are drawn to the Web3 platform for trading digital goods because of its incentives. It has given $1 billion to traders and collectors of NFTs as compensation, and token owners can profit from the network by staking their tokens. In exchange for staking your LooksRare token (LOOKS) on the platform, you receive wrapped ETH equivalent to a portion of the daily trading fees.

Invest in the top Web3 Platform and Join the Polygon (MATIC) Community

In particular for web3 developers, Polygon blockchain is the preferred dApp development technology. The decentralized platform started out as an Ethereum network scalability solution but later evolved into a user-friendly protocol with many different uses. Users can create a variety of highly scalable and effective dApps on the platform, and it connects Ethereum-compatible blockchains.

As an improvement to current blockchain platforms, Polygon was developed. The layer-two blockchain has been enhanced to improve scalability, cost-effectiveness, user satisfaction, and usability. To ensure appropriate functionality and efficiency, it makes use of powerful technologies. On the Polygon network, users must pay for transactions with the utility token MATIC. The holders of the tokens use it to acquire governance rights and take part in decision-making.

Unleash Your Inner Spy – Join the Big Eyes Coin (BIG) Revolution

Despite being a new coin, Big Eyes Coin (BIG) is off to a fast start. The cryptocurrency asset is an original meme coin committed to modernizing the meme coin industry. Before, the meme coin industry may have been recognized only for its capacity to make people laugh. The story is improving with the introduction of wonderful coins like Big Eyes Coin (BIG).

Big Eyes Coin (BIG) seeks to take advantage of the decentralized finance (DeFi) ecosystem to disperse wealth inside the crypto market. When consumers use the DeFi space, they can generate great gains and turn their financial conditions around for the better. The blockchain technology and the NFT market will both be fully utilized by the crypto asset. The Big Eyes Coin (BIG) platform’s creators want to promote growth, development, wealth creation, and financial success. All of this is consistent with its commitment of granting its members riches and financial independence.

Also, the Big Eyes Coin (BIG) community can fully benefit from the non-fungible token (NFT) market. The coin’s entry into the NFT market, which is similarly positioned to offer customers amazing value, is growing in popularity.

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TikTok has frowned at the report that the Biden administration was asking its Chinese owners to sell their stakes in the company as a way to erase national security concern that has pitted the popular video-sharing app against the US and its allies.

The Wall Street Journal reported on Wednesday, citing sources familiar the matter, that the Committee on Foreign Investment in the U.S. was threatening to ban the app in the U.S., unless its owners, Beijing-based ByteDance Ltd., divested. TikTok was dismissive of the report on Wednesday, saying that the move won’t solve the problem.

“If protecting national security is the objective, divestment doesn’t solve the problem: a change in ownership would not impose any new restrictions on data flows or access,” TikTok spokesperson Maureen Shanahan said. “The best way to address concerns about national security is with the transparent, U.S.-based protection of U.S. user data and systems, with robust third-party monitoring, vetting, and verification, which we are already implementing.”

TikTok’s reaction follows the decision of the British government to ban the app on official devices as security concern emanating from its use spreads across the West.

The U.S. leads the campaign against the short-form video app, whose crime is being owned by the Chinese tech giant ByteDance. Late last month, the White House gave all federal agencies 30 days to delete TikTok from all government devices.

The move came around the time FBI Director, Chris Wray, warned that the app could serve as a backdoor for Chinese espionage. Several U.S. states have also restricted the use of TikTok on government-issued devices.

The social media platform has been trying to tame the frenzy, which has escalated like no other time, without success.

While the move to ban TikTok underlines broader tech and economic fight between the U.S. and China, the recent uptick in bans by western countries, deepens the existential threat to the video-sharing app.

The Office of Management and Budget said the ban of TikTok on official devices is a “critical step forward in addressing the risks presented by the app to sensitive government data.”

In December, Congress passed the “No TikTok on Government Devices Act”, which though it allows the use TikTok in certain cases, serves as part of a sweeping government funding package.

The No TikTok on Government Devices Act has been followed by a proposed legislation that would give the Biden administration more power to ban TikTok and other apps seen as threat to national security.

The growing number of Western governments clamping down on TikTok underpins the deteriorating relationship between China and the West.

China has criticized the decision of the U.S. and its allies to prohibit the use of TikTok on government-owned phones, calling it “abuse of power.” But China’s criticism holds no bearing as several U.S. tech companies, including Google, Meta and Twitter, are banned in the Asian country.

TikTok said it has moved its data centers away from China as part of efforts to address U.S. concerns and it is developing security and data privacy plans as part of the Biden administration’s ongoing national security review.