The year-long bearish trends in the cryptocurrency market have caused huge dips in various tokens' values. As a result, it has become more of a hassle for crypto traders and investors to find good tokens in the cryptocurrency market.
Here, we will review Avalanche (AVAX), Polygon (MATIC), and the new meme coin project, Big Eyes Coin (BIG), as they have shown potential for the future.
Three Separate Blockchains For Avalanche
Since its launch, Avalanche (AVAX) has been aiming to replace the top crypto platform Ethereum as the go-to platform for developers looking to add user codes to existing protocols. It's similar to the Ethereum network in many ways, mainly in how it accommodates several DeFi software.
Avalanche's smart contracts are audited by Solidity, a major programming language used to access the integrity of smart contracts. Solidity is widely used across the cryptocurrency industry. Avalanche also allows Ethereum's developers to create custom-built blockchains, called subnets, for use on the Avalanche network.
Avalanche (AVAX) is famous for its speedy transaction processing. The network boasts about 4500 transactions per second, which is way faster than Ethereum's rates pre-merge. This is a result of the blockchain model, which comprises three chains.
The P-chain coordinates subnet creation and validation, the C-chain oversees smart contract creation and integration, and the X-chain helps users manage and exchange their assets. The interoperability of the chains ensures that the network conserves energy spent to process operations.
Polygon - The Side Chain To The Ethereum Network
Polygon is a side chain to the Ethereum network developed to help reduce the heavy traffic the blockchain was experiencing at the time. Polygon was especially useful in the NFT space, as it was an acceptable payment option for NFT collectors and creators.
Polygon (MATIC) runs on a Proof-of-Stake consensus and operates Layer-2 blockchains to provide scaling options for the Ethereum network. This means Polygon charges less for network transactions than the Ethereum blockchain. Operations on the Polygon network are also relatively faster than on Ethereum, as there's less user traffic.
Polygon (MATIC) enables interactions with the Ethereum blockchain, as there are several bridges from which users can transfer assets from Ethereum to Polygon for easier transactions. After such transactions, the assets can be transferred back to the Ethereum wallets via the same bridges. That way, Polygon helps decongest the load on the Ethereum blockchain considerably.
Polygon (MATIC) has been a favorite among crypto users since its release, as it provides a suitable alternative to Ethereum.
Big Eyes Coin Looks To Compete With Meme Coin Giants
Several crypto analysis platforms back Big Eyes Coin (BIG) to be the future king of meme coins. In the past month, the presale event realized about $7.33 million, depicting its rising popularity in cryptocurrency. It's not your average meme coin, and here's why.
The Big Eyes Coin (BIG) presale will be rounding up soon, as it is in its fifth stage already. When the eagerly anticipated NFT club, Sushi Crew launches, it will complete the developers' aim to create a top-ranking project. The club will offer several NFTs and allow users to collect and create customized tokens free of charge.
Big Eyes Coin (BIG) is a community-oriented platform, as the developers prioritize the members' interests when implementing their website features. The presale featured 70% of the total tokens at the time, placing most of the decision-making power in the community members' hands.
The developers are also interested in helping the ecosystem sustain itself, as they have lined up periodic donations to charities involved in saving fish species in the oceans. These contributions will be funded from a unique wallet holding 5% of the initial token supply.
While the presale will soon end, there is still some chance to get your BIG tokens before their prices potentially spike. Big Eyes Coin is even offering bonus tokens for those who purchase BIG tokens with the code ‘EYES8314’.
For more information on Big Eyes Coin (BIG), please visit the following links:
This article does not necessarily reflect the opinions of the editors or management of EconoTimes.