Cryptocurrencies are generating a buzz and attracting a lot of first-time investors. Since the launch of Bitcoin in 2008, thousands of other tokens, known as altcoins (alternative coins) have been launched. Here are three which have currently caught the eyes of crypto investors, experienced and new.
Big Eyes Coin – a win for investors and the planet
The first of the three is Big Eyes Coin (BIG). Big Eyes Coin is different from many alternatives. This cat-themed meme coin has set out to contribute to – and increase the growth of – the DeFi (Decentralized finance) market.
Having generated impressive sales on its presale, raising over $11 million, Big Eyes Coin aims to further this by attracting more people into its community. As well as being a smart investment opportunity, Big Eyes Coin will be involved in charitable activities and NFT campaigns that reward customers for promoting available cryptocurrencies. Big Eyes Coin provides cash to the cryptocurrency market through its ability to trade directly, compared to some alternatives. As a decentralized token, Big Eyes Coin has the potential to become a big wealth generator for token holders.
Its unique point is based on a win-win philosophy. Big Eyes Coin plans to protect sea life, by creating oceanic sanctuaries. Investors can join the fight to protect the world’s precious oceans. As investors win, so does the planet. Big Eyes Coin will utilize numerous marketing channels to promote its vision. The meme coin also aims to set up a charity wallet using 5% of the 200 billion coins available at launch, to help fund any campaigns. With its projected success and charitable goals, Big Eyes Coin is certainly the one to watch.
Cardano – a success story
Cardano (ADA) is one of the biggest cryptocurrencies ranked by market capitalisation. The decentralized proof of stake (PoS) blockchain was developed by the co-founder of Ethereum, Charles Hoskinson. Tested by top academics and scientists, Cardano was hailed as the first peer-reviewed blockchain. Although it functions mainly as a digital currency, it can also be used for digital contracts, DApps, and other purposes. Compared to Bitcoin’s seven transactions a second, Cardano can achieve an amazing 1000 transactions per second.
Cardano operates with a massive $105 million in trading volume and now ranks as the 9th largest cryptocurrency, with a market cap of $8.91 billion.
Recently, Cardano has been making waves with a number of exciting developments and product launches. The ADA team began testing its DJED stablecoin which includes a number of special features. The project also highlighted fluctuating growth in the number of Plutus Scripts, Cardano’s smart contract platform.
Furthermore, Cardano’s co-founder and CTO, Charles Hoskinson, has announced the company’s intentions for ‘Midnight’. This blockchain will feature confidentiality architecture, designed to tackle smart contract privacy.
Currently, the strong fundamentals and technical metrics used by Cardano, predict a bright future for the altcoin over the course of 2023.
Stellar – fast, easy and cost-effective
The Stellar network was launched in 2014, with the aim of connecting traditional financial institutions and new digital currencies. Stellar does not charge institutions or individuals for using the network and is rapidly becoming a serious alternative to PayPal due to its quicker, easier, and more cost-effective transactions.
Stellar’s achievements include the growth of the XLM network in both size and quality, the development of several partnerships (notably, with money transfer app MoneyGram) as well as many other new initiatives.
Stellar is believed to have delivered a 176% increase in payments processed, with a final figure of 345.9 million. The number of accounts is also reported to have increased by 17%, totalling 7.37 million. On average, 3.6 billion operations have been processed through the Stellar protocol, rising 92% year-over-year.
Seasoned cryptocurrency investors and investors new to the crypto market are understandably excited about these three cryptocurrencies.
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