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It has been seen in recent days that the British Pound is in decline, with the value of the Pound to the US Dollar being its lowest on record. Seeing an established fiat currency crash so quickly and harshly has made many reconsider their position on traditional currency.
Therefore, for these people, now may be an excellent opportunity to get involved with cryptocurrency. Three cryptocurrencies to consider are XRP, Ethereum, and Big Eyes Coin, as despite these tokens all having different utilities they are all extremely beginner friendly and a great jumping-off point for exploring the deeper crypto ecosystem.
In this article we will be looking closely at these three coins, to see which may be best to help you begin your crypto journey in these troubling times.
Outside of Bitcoin, one of the other most recognizable coins within the cryptocurrency market is Ethereum, which has become renowned for its forward-thinking technology and wide use amongst smaller projects as the blockchain to build themselves upon.
The value of Ethereum has been on the rise recently, in no small part thanks to the success of The Merge which was completed earlier in September. The Merge, which saw the Ethereum Mainnet shift from the Proof-of-Work to Proof-of-Stake validation protocol, has cut the network's energy consumption by over 99%, while also future-proofing the network for additional traffic.
For those looking to get involved with a cryptocurrency that is breaking all the rules of traditional finance, XRP may be an excellent option for you.
The coin, which has been up over 25% this past week as of the writing of this article, is the native coin of the XRP Ledger- a technology that is completely decentralized, permissionless, and open-source. It is a blockchain that anyone can use for anything, making it completely user-owned and propagated.
Despite its wide use for a variety of purposes, XRP also provides other benefits to its users which encourage its continued use and increasing value. These aspects include transactions that only cost a fraction of a cent, transaction speeds under five seconds, as well as impressive scalability which allows the blockchain to handle up to 1,500 transactions per second.
Therefore, for a cryptocurrency currently on the path to success that provides a unique opposition to traditional finance, XRP may be a great place to start.
For another token that is currently on the warpath to success, look no further than Big Eyes Coin (BIG).
The meme token, which is almost out of the second stage of its presale, is on the cusp of breaking the $3 Million value mark, making it a force of nature in the current meme coin market.
For those new to crypto, the value of meme tokens may be challenging to grasp, as when compared to coins like Ethereum these tokens can easily be perceived to have little utility. This is a perception that Big Eyes Coin is actively trying to rebel against, doing so in several ways.
One of the main ways that Big Eyes Coin is challenging perceptions of meme tokens is by existing with a mission, having expressed goals to make a positive impact on the world around it. From the start of the project, Big Eyes Coin has been a vocal advocate for wildlife conservation, especially regarding marine life and the oceans as a whole. As their website states; 'Healthy oceans produce delicious cat food.
Big Eyes Coin is making its ecological standpoint known thanks in no small part to its charity wallet, which holds 5% of all total BIG tokens. These tokens will be donated in stages across different stages of the project's development, with the value of these donations set to continue rising as the Big Eyes Coin presale phase continues.
Sound interesting? Then follow the links below to get involved and find out more:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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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.
