Some people would say they can determine a crypto-assets price at some point. Speculation is a huge part of the cryptocurrency market, but it doesn't always work out well, does it?
In the bull run of 2021, everyone was so ecstatic about speculations that it might reach $100,000 before the end of 2021, and it proceeded to crash massively. However, there are a few speculations that are almost always right.
These speculations are based on fundamental analysis and have patterns and trends. For example, if a top cryptocurrency has some interesting updates to add to its network that could help it grow faster, it might be a safe bet that the price would go up towards that event. Also, if you could buy a token very early before it goes public, you're in the best position to make a profit on the token after it launches.
The two cryptocurrencies, Ethereum(ETH) and Big Eyes Coin (BIG) fit into this category, and they may be the best cryptocurrencies to go for in the current market situation. Ethereum(ETH) has some interesting updates coming through with the Merge, and Big Eyes Coin is a meme coin project that could create an interesting narrative for the market.
Ethereum (ETH) is the second-largest crypto asset in the cryptocurrency market and could pose some potential for profit in the next few months. The Ethereum blockchain is switching its consensus mechanism from Proof-Of-Work (PoW) to Proof–Of-Stake (POS), which would see the network become eco-friendly and much more scalable. Experts predict that Ethereum will be able to process up to 100,000 transactions per second after the Merge.
However, there are several other developments surrounding the Merge. Miners from the PoW consensus mechanism are looking to break away from the Ethereum mainnet and milk the last cash out of their mining equipment. The plan is to create a hard fork of the Ethereum blockchain and create value for it using several different means.
This kind of breakaway has happened with Ethereum once; that is why we have ghost networks like Ethereum Classic(ETC). A hard fork is more like copying the source code of a network and making a radical change to it. It mostly results in two branches of the same network, with the same on-chain assets replicated on both.
There are exciting developments about ETHPoW and users are looking to buy more ETH so they can have more ETH assets when they are replicated on the Proof-Of-Work network.
Big Eyes Coin (BIG) is a promising new cryptocurrency for the current market condition. It's hard to speculate the price of any crypto asset in this condition as most investors are sitting on their hands. Big Eyes Coin is a cat-inspired meme coin that could give the market the jumpstart to boost trading volume and get people buying and selling again.
Big Eyes Coin is a community-governed meme coin project that aims to create wealth for its community. However, the best winners from this opportunity will be early buyers who buy on presale and those who are early enough after launch.
The BIG token hopes to be a big wealth generator for its community and charity. The project will contribute to several humanitarian causes towards water bodies and climate worldwide.
This meme coin is inspired by cute-looking cats and could have one of the craziest meme rallies across crypto communities online. It was the same leverage Dogecoin (DOGE) and other dog meme coins milked to make some value out of a dead market. You shouldn't miss out on Big Eyes Coin (BIG).
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.