Avalanche, Big Eyes Coin and The Sandbox – Three Crypto Sectors to Watch Out For
October 6th, 2022 at 1:00 pm UTC · 4 min read
There are many different narratives in the cryptocurrency market; all narratives have their time in the spotlight of every bull market, but there is usually one winner. 3 of the highest performing narratives, or sectors, in the previous bull cycle, were DeFi, Meme Coins and Metaverse tokens. This article will explore a particular currency pertaining to each narrative to try to decipher which sector, and token, could be the best performer in 2022 and 2023.
DeFi and Avalanche
DeFi (Decentralised Finance) exploded during the previous bull market with both Layer 1 DeFi-orientated blockchains thriving as well as DeFi protocols, such as AAVE and Curve Finance coming to prominence. Arguably the stand-out Layer 1 blockchain which took DeFi to new levels over the previous years was Avalanche (AVAX).
Bringing blistering transaction speeds and near sub-zero transaction costs to the game, AVAX very quickly gained traction with both investors and web3/DeFi builders in the industry. The rise of Ethereum as the king of Decentralised Finance also preempted an industry issue. The Ethereum blockchain could not handle the throughput necessary for a global network of DeFi transactions. Because of this, more scalable solutions such as Avalanche were conceived and were allowed to gain such gravity swiftly.
The counter to this, however, is the ETH 2.0 narrative and the move to a Proof of Stake consensus for the blockchain. This upgrade allows for sharding of the ETH blockchain in the future, to ultimately allow secondary Ethereum chains to decongest the network, ensuring a higher volume of transactions and throughout can be charged through the network.
This does not, however, make the Avalanche blockchain redundant – far from it. AVAX has developed a strong community with loyal developers. The blockchain was built to create subnets on top of the chain. This does, theoretically, mean that the volume of future transactions the blockchain can process in any given time should be infinite, depending on the number and quality of the subnets.
Meme Coins and Big Eyes
The meme coin market reached a peak in 2021 following the surge of Dogecoin and Shiba Inu. The highest combined market capitalisation of both reached over $120 billion. The meme coin market is certainly an explosive one with only speculation to weigh in on their value. For this reason, they can witness intense rises in value in the very short term and can make great medium-term investments.
Big Eyes Coin is a new meme coin in its presale stages and is rapidly gaining increasing traction and community. Powering through its 3rd Presale phase in a matter of days, the project has already raised $3.8 million in 3 stages of the presale. With presale projects like this, the earlier you buy in, the higher the return you will receive on investment.
For example, if you bought in presale phase 1, 1 USDT would have bought 10,000 tokens. Now in presale phase 3, 1 USDT buys 5,883 tokens. If Big Eyes were to launch now, investors would have made an automatic 41% upon launch time. The higher the presale phases the return on investment and the Big Eyes Development team is looking to take Big Eyes through 15 stages! You are still very early on the 3rd stage. If you want to buy the Big Eyes presale, check the button below.
Metaverse and The Sandbox
The Sandbox is a metaverse project built for enterprise adoption. Large multinational companies like Adidas are already building and purchasing land in the Sandbox metaverse; they believe that the future of retail exists in the digital world.
In essence – an individual would be able to ‘log on’ to the Metaverse and pop down to a shop, bank or other institution and conduct their business completely digitally and remotely. This does, of course, require a large technological shift in advancement but this is not a problem. The entire concept of the ‘metaverse’ is far from a short-term plan. Many believe it is the next iteration of the internet – Web3 – and that this development will take place over the next 10 years with incremental advancements in digital technology.
During the last week, AXA Hong Kong has partnered with the Sandbox to make it the first insurer in Hong Kong to enter the Metaverse which only goes to further serve the great adoption that is coming to the world of crypto and Web3 tech.
More information on Big Eyes Coin: Website, Telegram, Twitter.
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