Place/Date: - March 2nd, 2023 at 10:06 pm UTC · 3 min read
Source: Big Eyes Coin
The crypto winter last year nearly crippled the entire crypto market. A devastating crash led to millions being lost by the most successful investors and platforms. The confidence of many investors was broken, and some coins are still battling to recover. However, in the new year, it seems like the winter may be warming up as we see Polygon (MATIC), Litecoin (LTC), and Big Eyes Coin (BIG) gain speed in the market.
The crypto winter snipped the potential of many cryptocurrencies, either moving them to the bottom in regards to market cap or taking them off the board entirely. Many who stayed on had to work hard and have the market work in their favor to stay on top.
Polygon is the Ethereum token that powers the Ethereum scaling solution, the Polygon network. The platform aims to provide cheaper and faster transactions to users. These users can deposit Ethereum tokens to a Polygon smart contract, interact with the token within Polygon and later withdraw them.
Polygon is slowly becoming the most profitable token in the past 30 days, with its price spiking by an astounding 12%. There has been a buying spree on the platform, with around 6.92 million of Polygon (approx. $8.5 million) sold. It currently has a market cap of over $10 billion.
The currency was created in 2011 and is a decentralized currency that was designed to be the faster and cheaper alternative to Bitcoin and has now become one of the world’s most popular currencies. The coin offers investors an advantage through its speed and efficiency, presenting lower block times and lower transaction fees. This advantage is favored among online retailers and merchants for daily transactions.
Litecoin has a larger maximum supply than Bitcoin, standing at 84 million coins, which makes it a more accessible and highly liquid asset. It currently has a market cap of $6 billion. The performance of the coin in 2022 was not the greatest, starting the year with a price drop from $151 to $108; however, the price did begin to rise steadily in February, bringing it to $140. During the crypto winter, it plummeted to $50 but soon recovered and was baselining at $79 toward later in the year. It currently has a market cap of $6 billion and is trading at $95.
Announced in late 2022, Big Eyes Coin is an investor’s dream as it not only provides plenty of opportunities to turn a profit but it also gives them a chance to change the environment. The coin has been speedy in gathering the support of investors, which has helped them raise $30 million of their $50 million goal.
Even in presale, the coin is showing investors what it is made of. It provides opportunities to turn a profit through its Loot boxes, where they can win up to $100 000 or their money back in tokens. Additionally, it offers investors a chance to preview their investment profits by using its equity calculator—the platform pledges to donate 5% of its total earning to an ocean conservatory.
The crypto winter shattered the confidence of many investors and nearly crippled the crypto economy. However, with a possible spring in sight, the new year seems as if it will bring about new opportunities for investors to regain their confidence and possibly venture into new and exciting avenues.
For more information on Big Eyes Coin: Website, Telegram, Presale.
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