It has been quite an eventful year for the cryptocurrency industry. Looking back, what stands out the most are the events of what many crypto enthusiasts dub the “craziest week in crypto history”, a week that featured mind-boggling occurrences that shook the industry to its knees. Now, in the fourth and final quarter of the year, the industry continues to battle a never-ending bear market that has severely strained its day-to-day activities, such as trading and investing. In the past week, the world’s largest cryptocurrency, Bitcoin (BTC), fell to $19,000, and although it has pumped again, it just further proves the extreme volatility that has been a familiar feature of the ongoing bear market.
Within the bear market, however, certain cryptocurrencies are making waves and catching the attention of crypto analysts and experts. These cryptos are showing much promise and could be valuable assets in the current climate. An example is the Big Eyes Coin (BIG), the upcoming meme coin that seeks to revolutionize Decentralized Finance (De-Fi) and aid the development of the sector. Other examples include XRP (XRP) and Elrond (EGLD). We take an in-depth look at all three altcoins and what makes them fantastic investment options below.
The sole focus of the XRP (XRP) platform is to help banks and other financial institutions move money faster and without fees. It is a blockchain platform utilizing blockchain technology to provide quicker and more efficient service to the banking and finance sector. XRP (XRP) does not rely on energy-intensive mining to work or create a new currency. It instead makes its native cryptocurrency, XRP, all at once and gradually sell it as and when it needs to.
XRP (XRP) bridges cryptocurrency and traditional banking with its native token, XRP, which acts as a go-between to exchange fiat such as dollars and pounds into crypto. The token is a top 10 crypto by market cap and is available on several prominent crypto platforms within the industry, such as Binance, Coinbase and FTX.
Elrond (ELGD) is a blockchain network that achieves immense scalability and significant transaction throughput thanks to an adaptive state-sharing system. It is able to push through 15,000 transactions per second (tps) with instant finality and possesses the capacity to remedy the limitations of older, well-established blockchain networks to deliver faster, more robust tech that can scale a much larger user base.
Its native cryptocurrency, EGLD, is an integral part of its ecosystem and is essential to its operation. EGLD is used across the network for transactions, validator rewards, governance, staking, and smart contracts. It is available on prominent crypt platforms within the industry.
Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is a new cryptocurrency currently attracting a lot of interest within the cryptocurrency industry. The token’s appeal lies in its massive supply, roadmap and various use cases and real-life applications. It is a 100% community-owned token that seeks to unconfuse Decentralized Finance (De-Fi) and pioneer the advancement and development of the sector. Big Eyes Coin (BIG) will also serve as a medium of interaction within its community and the cryptocurrency industry. Its lack of transaction taxes or gas fees makes it ideal for adoption by crypto traders.
Big Eyes Coin (BIG) is currently on presale and is on course to smash the $20 million mark set by the team. The token looks likely to become a valuable asset in the current climate and could very well be the next big cryptocurrency, as predicted by crypto experts. For more information on the Big Eyes project, click here.