At a time when the market has suffered a big dip a lot of investments are looking for cryptos that will hopefully make their portfolio a lot more healthier. Three crypto projects that we expect to withstand the bear market and stand the test the of time are Bitcoin (BTC), Compound (COMP) and Big Eyes Coin (BIG). These projects were selected based on their innovations and contributions to the blockchain ecosystem.
Let’s jump right in!
Bitcoin (BTC) – The King of Crypto
We can’t talk about long term crypto projects without talking about the first cryptocurrency, Bitcoin (BTC). Bitcoin is a peer-to-peer network that facilitates payments without needing a centralized authority. It enables users to manage money without using a bank.
Bitcoin has existed since 2009. While some anti-cryptocurrency experts may say that 13 years is too short a period to believe in digital payments, we can see the innovations that have sprung up from this singular idea. Altcoins, NFTs, Metaverse, decentralized applications, and games are all innovations from the blockchain ecosystem.
Many believe that other altcoins like Ethereum or Binance Coin would overtake Bitcoin because of their utilities. But, the crypto market is greatly influenced by Bitcoin. If Bitcoin dumps, there is a high probability that other tokens will follow suit. Isn’t this reason enough to call Bitcoin the king of crypto?
Another distinguishing aspect of Bitcoin is its limited supply. There are only 21 million Bitcoin tokens in existence. The technology also designed what they call the Bitcoin halving to half the issuance of Bitcoin to miners. This halving will occur every four years, and the next halving is expected to happen in Q3 2023 or Q1 2024.
Halving is big news in the crypto world. And speculations are that halving may cause an upward price move for Bitcoin. If it goes as said, then investors should position themselves early.
Compound (COMP) – The Top Lending and Borrowing Crypto
Compound (COMP) is a decentralized money market on the Ethereum network. It works similarly to a traditional money market; however, it takes away decentralization. We can also call Compound a lending protocol built on blockchain technology.
As a lending protocol, Compound facilitates the lending and borrowing of crypto tokens. This activity is sustained with the aid of a liquidity pool and an automated market maker. The automated market maker needs a liquidity pool as well as liquidity providers. These liquidity providers are also lenders.
Compound incentivizes liquidity providers with their tokens. The launch of the COMP token (Compound’s native crypto token) drew interest to the concept of yield farming.
With the solutions offered by Compound, we can’t help but believe that the protocol will be here for long.
What is Big Eyes Coin (BIG)?
A great way to take advantage of the crypto market is to look where people are not looking. In bear markets, many crypto enthusiasts focus on renowned tokens with lots of utilities. But when the bull market comes it could make many users millionaires of memecoin phenomenon. Does this mean that focusing on solid projects is not profitable? Absolutely not. However, memecoins are not to be overlooked.
One exciting memecoin that we have got our eyes on is Big Eyes Coin. Big Eyes Coin is a new meme token bringing fun to the ecosystem. It will bring excitement to cat lovers and the entire crypto world.
Big Eyes Coin (BIG) is a token represented by a cat. With its graphical representation, we can conclude that the project is focused on cat fans. This is a deviation from the norm. Many animal-themed memecoin borrows the look of a cat, all thanks to DogeCoin. Dogecoin is the biggest memecoin and the most popular. It was launched in 2013 and had its value skyrocket in 2021. This token is represented with a Shiba Inu dog logo. After the Dogecoin explosion, many memecoin jumped on the dog crypto bandwagon. However, Big Eyes Coin stood out.
Big Eyes Coin will not just be known for its graphical representation, but it will also be a full-fledged community token. It will create a community bounded by its token, with exciting offers for community members. Some of these offers include:
- NFT collections
- Merch Shop
- Community events
- Crypto onboarding content
The team will also organize contests and giveaways to reward community members’ active participation.
To find out more about Big Eyes Coin (BIG), visit the links below:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL