One of the longest bear markets in cryptocurrency history looks to have no end, and the cryptocurrency industry continues to grapple with the consequences.
This week, Ethereum (ETH), the second biggest cryptocurrency by market value, fell significantly again, prompting crypto investors to wonder whether another huge drop is coming.
Unfortunately, the nature of the recent bear market has been such that the world’s biggest cryptos have suffered the most.
While this may seem terrible news to some, it represents a once-in-a-lifetime opportunity for others, notably cryptocurrency investors.
Low crypto prices allow for bulk purchases, and with the appropriate cryptocurrency, investors may expect a significant return on investment (ROI) in the long term.
According to extensive market research, these three cryptocurrencies, Polkadot (DOT), Ethereum Classic (ETC), and Big Eyes Token (BIG), stand head and shoulders above the competition for a variety of reasons. This article thoroughly reviews all altcoins. Here’s all you need to know.
Polkadot (DOT)
Polkadot (DOT) was created to connect many blockchains. The system utilises a relay chain, which is in charge of connecting numerous parachains to allow data and assets to transfer across multiple blockchains.
To be clear, parachains are independent chains linked to the Polkadot relay chain. The relay chain manages cross-chain contacts, facilitating resource sharing across parachains.
The purpose of DOT, Polkadot’s native coin, is to facilitate the transfer of data and assets across blockchains. It is currently a potent tool capable of increasing the efficacy of cryptocurrency systems.
Like the Ethereum network, Polkadot has earned a reputation for itself, with the DOT coin having a market valuation of $7.6 billion.
Ethereum Classic (ETC)
In July 2016, Ethereum (ETH) hard fork Ethereum Classic (ETC) was launched. Its primary function as a smart contract network is to host and allow decentralised applications (dApps). Its native token is ETC.
Since its debut, Ethereum Classic has attempted to differentiate itself from Ethereum, and the two networks’ technical roadmaps are growing more divergent.
The whole cryptocurrency market is getting excited about the impending Ethereum merger. Early on, the event that would see the world’s largest smart contracts platform convert from a proof-of-work (PoW) consensus to a proof-of-stake (PoS) consensus benefitted the price of Ethereum Classic. The coin hit a four-month high of $41.41 on August 14.
As the merge date approaches, miners in the Ethereum ecosystem who will be unable to mine ETH are exhibiting interest in Ethereum Classic, indicating a solid conviction in ETC’s broader future popularity.
Big Eyes (BIG)
Big Eyes (BIG) is the native token of the future crypto project Big Eyes, which has lately gained attention and interest in the cryptocurrency market.
The cryptocurrency project is gaining traction for various reasons, including its roadmap and ecosystem characteristics. BIG, Big Eyes‘ native currency, is a full-fledged community token to move money into the Decentralized Finance (De-Fi) ecosystem and conserve a considerable section of the world’s ecology.
The token has a maximum quantity of 200,000,000,000, with 70% accessible during the presale period. The coin also has no gas costs or transaction taxes, NFTs, events, and apparel.
With the bear market still raging, the Big Eyes (BIG) might be a long-term cryptocurrency investment for investors. The token is rapidly nearing the presale phase.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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