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The bear market has caused many people to question the viability of investing in cryptocurrencies. These past two months have been anything but positive for crypto, seeing the likes of veteran blockchain networks such as Bitcoin (BTC), Ethereum (ETH), and Terra (LUNA) decline in value. Nevertheless, crashes are common in investable markets such as stocks and forex. How to move on from difficulties is by searching for the positives. Here are three cryptocurrencies that can be good purchases: Big Eyes Coin (BIG), Avalanche (AVAX), and Cardano (ADA).
An upcoming cryptocurrency that is showing signs of being a great purchase is Big Eyes Coin (BIG). It identifies as a meme coin that plans to protect an essential part of the world's atmosphere while simultaneously transferring wealth to the decentralised finance (DeFi) ecosystem. The blockchain network revolves around its mascot, an aesthetically appealing cat with big pupils. Its design takes clear inspiration from Japanese artforms, manga, and anime – which targets a crypto audience as there are 5.5 million cryptocurrency owners in Japan, according to an article published by Forbes.
The developer of Big Eyes Coin is stated to be the cat character itself, which targets a 'billion-dollar industry' through the mascot's cuteness. Other features of Big Eyes Coin include a dynamic tax system, tax-free fees, and community governance. Token holders will have a dedicated charity wallet where 5% of their earnings will go towards ocean conservation charities. NFTs are planned to be a crucial part of the token ecosystem, with NFT events being held seasonally.
One of the most eminent blockchain networks in the metaverse is Avalanche (AVAX). It is a cryptocurrency that describes itself as blazingly fast, eco-friendly, and low-cost. AVAX is a layer one blockchain that functions for custom blockchain networks and decentralised applications. Additionally, Avalanche is a direct competitor to Ethereum as it is also primarily known for using smart contracts. Although Ethereum can finalise a transaction in approximately ten seconds, Avalanche can conduct it in one and process an estimated 4,500 transactions per second. Thus, the blockchain network has been given the nickname 'Ethereum Killer' by crypto experts and enthusiasts.
Cardano (ADA) is a proof-of-stake (PoS) blockchain network that seeks to provide innovators and visionaries to bring positive change internationally. The first platform was founded on peer-reviewed research and developed through evidence-based methods. Essentially, ADA combines pioneering technologies to supply exceptional sustainability and security. The open-source platform also aims at systems, societies, and decentralised applications.
The platform was founded in 2017 and named after the 16th-century Italian polymath Gerolamo Cardano. Its ticket (ADA) derives from the 19th-century mathematician Ada Lovelace, who is regarded as the world's first computer programmer. With a current market capitalisation ranking of eighth on CoinMarketCap, crypto buyers can have reliability when purchasing the Cardano token.
Still interested in Big Eyes Coin (BIG)? Find out more by joining its presale right now.
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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.
