For most of 2022, the cryptocurrency market has experienced a constant downward trend, termed the crypto collapse, that has caused most coins to drop drastically in value. While most of the market is still trying to find its footing amidst the bearish situation, Solana (SOL) and Axie Infinity (AXS) are top among the tokens performing better than others. With Big Eyes Coin (BIG) set to launch, we will review these coins and why you should invest in them.
Solana’s (SOL) cryptocurrency price has significantly reduced since the start of the crypto collapse in early 2022. The bearish trends have seen its value drop by about 87% since March 2022.
The Solana (SOL) network was launched in 2018 after its developers announced the project’s whitepaper in 2017. The platform is a different blockchain system designed to scale quickly while maintaining its decentralized function. These objectives are met using a hybrid protocol, comprising the proof-of-stake and proof-of-history protocols.
The protocols allow the Solana (SOL) network to process several thousand transactions at once, using smart contracts to execute the transactions promptly. Solana (SOL) also charges low gas fees on each transaction because the platform spends less energy than counterpart blockchains on processing transactions.
Solana (SOL) plays host to several DeFi software, including dApps, games, and a fully functional NFT marketplace, which saw the network gain even more popular rankings in 2021. SOL, the platform’s native token, sells on several exchanges like Coinbase.
Axie Infinity (AXS)
GameFi giant, Axie Infinity, is one of the best performing tokens in 2022 despite the effects of the crypto collapse. AXS has been on a price spike for the past week, a boost that saw its cryptocurrency price increase by 3.6% to $12.5 presently.
Axie Infinity (AXS) is one of the biggest gaming protocols on the Ethereum blockchain, with about a million users as of 2021. The game features pets, represented as NFTs, as the players have to acquire such pets, upgrade them, and use them to fight other users’ avatars. They build up kingdoms for the pets and challenge one another at intervals for such strongholds.
The platform has two tokens that are useful for different reasons. The in-game currency, SLP, is used to get upgrades for the pet avatars and enter game modes. It is also a reward for users for spending time in the game. SLP is listed on UNISWAP and SushiSwap.
On the other hand, AXS, the official token for Axie Infinity, is used for buying pet NFTs. It serves administrative purposes, as members could use it to vote on protocol approval. AXS is listed on more exchanges than SLP and can be traded like regular cryptocurrencies.
Big Eyes Coin (BIG)
Considering Big Eyes Coin’s ongoing presale events, it is very likely it will join top-performing tokens like Solana and Axie Infinity at the top of the charts by the time it launches. Already, the presale is doing better than expected for a memecoin, reaching $3 million in revenue after only three weeks.
To ensure a stable project, the Big Eyes Coin (BIG) developers have prioritized more solid features–launching an NFT trade center, listing the token on popular exchange platforms, and charity donations–over social media stunts and announcements typical of memecoins. Big Eyes Coin (BIG) offers more than just entertainment; it exists to build a community that will help it stay relevant in the long term.
The NFT club launch is scheduled for the third phase of the prelaunch stages. A minor release of NFT snippets, slated for the current phase, will precede the official launch. Members will get their own NFTs firsthand before the marketplace opens to all other networks.
Also, the development team anticipates a launch on UNISWAP, where users can exchange their other tokens for BIG and vice versa. Such listings will also make the token more popular and increase its cryptocurrency price.
Big Eyes (BIG) is here to stay and is projected to hit the ground running after it officially launches. Until then, stay tuned for updates and ensure you get your tokens to be a part of the project.
Follow this link to join the presale.
Big Eyes Coin (BIG)
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