It has been quite a turbulent year for the cryptocurrency industry. Looking back, what stands out most are the events of what many crypto enthusiasts are dubbing the “craziest week in crypto history,” a week that featured jaw-dropping events that rocked the world. industry on its knees. Now, in the fourth and final quarter of the year, the industry continues to battle an endless bear market that has strained its day-to-day activities, such as trading and investing. Over the past week, the world’s largest cryptocurrency, Bitcoin (BTC), has fallen to $19,000, and while it has ballooned again, it further proves the extreme volatility that has been a familiar feature of the ongoing bear market.
Within the bear market, however, some cryptocurrencies are making waves and attracting the attention of crypto analysts and experts. These cryptos hold great promise and could be valuable assets in the current climate. An example is the Big Eyes Coin (BIG), the next meme coin that seeks to revolutionize decentralized finance (De-Fi) and help the development of the sector. Other examples include XRP (XRP) and Elrond (EGLD). We take an in-depth look at the three altcoins and what makes them fantastic investment options below.
The sole purpose of the XRP (XRP) platform is to help banks and other financial institutions transfer money faster and at no cost. It is a blockchain platform using blockchain technology to provide faster and more efficient service to the banking and financial industry. XRP (XRP) does not rely on energy-intensive mining to function or create a new currency. Instead, it makes its native cryptocurrency, XRP, all at once and gradually sells it as it needs it.
XRP (XRP) connects cryptocurrency and traditional banking with its native token, XRP, which acts as an intermediary to exchange fiat such as dollars and pounds into crypto. The token is one of the top 10 cryptos by market capitalization and is available on several industry-leading crypto platforms such as Binance, Coinbase, and FTX.
Elrond (ELGD) is a blockchain network that achieves immense scalability and transaction throughput through an adaptive state-sharing system. It is capable of performing 15,000 transactions per second (tps) with instantaneous finality and has the ability to address the limitations of older, well-established blockchain networks to provide faster, more robust technology that can scale a base much larger users.
Its native cryptocurrency, EGLD, is an integral part of its ecosystem and essential to its functioning. EGLD is used across the network for transactions, validator rewards, governance, staking, and smart contracts. It is available on the most important encryption platforms in the sector.
Big Eyed Coin (BIG)
Big Eyes Coin (BIG) is a new cryptocurrency that is currently attracting a lot of interest within the cryptocurrency industry. The appeal of the token lies in its massive supply, roadmap, and diverse use cases and real-world applications. It is a 100% community-owned token that seeks to unconfuse decentralized finance (De-Fi) and pioneer the advancement and development of the industry. Big Eyes Coin (BIG) will also serve as a means 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 in presale and is on track to cross 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 crypto experts are predicting. For more information on the Big Eyes project, click here.