The longest bear market in historical past seems to be going nowhere anytime quickly, and the cryptocurrency business continues to wrestle with the consequences of the scenario. This week, the second largest crypto by market cap, Ethereum (ETH), dipped by a substantial quantity once more, main crypto gamers to query whether or not one other vital hunch is on the horizon. Sadly, such has been the character of the continuing bear market by which the world’s largest cryptos have suffered essentially the most.
All around the cryptocurrency industry, there is a realization that the bear market may not end anytime soon. While this may seem like bad news to some, it presents a unique opportunity for others, particularly crypto investors. Low crypto prices mean bulk purchases are possible, and with the right altcoin, investors stand to gain a massive return on investment (ROI) in the long run.
Extensive market research indicates that these two altcoins, Polkadot (DOT) and Big Eyes Token (BIG), stand head and shoulders above the competition for various reasons. This piece examines both altcoins in depth. Here’s all you need to know.
Polkadot
First, we have Polkadot (DOT). An open-source, sharded multichain protocol, Polkadot (DOT) not only connects and secures a network of specialized blockchains but also facilitates the cross-chain transfer of any data or asset types, not just tokens. Polkadot (DOT) solves one of the significant problems within the cryptocurrency industry by acting as a hub that allows blockchain networks to be interoperable.
Polkadot (DOT) functions as an ideal environment and a foundation to support a decentralized web controlled by its users and to simplify the creation of new applications, institutions and services. Its native cryptocurrency, DOT, is integral to achieving this and facilitates several operations with the Polkadot ecosystem. For example, DOT enables crypto-related activities such as staking for operations and security, network governance and purchasing bonding tokens to connect parachains.
A top 20 cryptocurrency by market cap, DOT is a familiar token with the industry and is available on several top crypto platforms, including Binance, Huobi Global, OKEx, Coinbase and Kucoin.
Big Eyes Token
Big Eyes Token (BIG) is native to the upcoming crypto mission Large Eyes, which has lately develop into the topic of buzz and pleasure throughout the cryptocurrency business. The crypto mission is gaining prominence as a result of a number of components, similar to its roadmap and the options inside its ecosystem. Large Eyes is totally community-oriented, and its native token, BIG, is a full-on group token that exists to shift wealth into the Decentralized Finance (De-Fi) ecosystem and shield a big a part of the world’s ecosystem.
The Large Eyes Token (BIG) supplies utility and facilitates a number of crypto-related actions within the Large Eyes platform and ecosystem. The token has a most provide of 200,000,000,000, 70% of which will likely be accessible throughout its presale stage. Extra options of the token embody zero fuel charges or transaction taxes, NFTs, occasions and merch.
With the bear market raging on, the Large Eyes Token (BIG) may very well be a viable long-term cryptocurrency funding for buyers in the long term. The token is quick approaching its presale stage. To search out out extra particulars about BIG, click on here.
