The price of cryptocurrencies fluctuates wildly and the value of tokens are dynamic. Having a solid portfolio is essential for every diligent crypto trader. How much money you gain or lose as a result of fluctuations in prices depends on the quality of your portfolio.
The cryptocurrencies Near Protocol (NEAR), Avalanche (AVAX), and Big Eyes Coin (BIG) are all excellent additions to any well-balanced investment portfolio. What you can expect to gain by investing in these digital currencies is detailed in this article.
The Near Protocol (NEAR) is a distributed platform for building and running web applications. An advanced blockchain infrastructure was designed to support this protocol, and because it’s decentralized, it can also be used as a hub for the creation of new crypto coins, blockchain apps, and enterprises on the web.
Mainstream adoption of decentralized applications has three major challenges at the moment: a lack of users, the inability to scale blockchains to support a big community, and concerns over security.
The goal of the Near Protocol (NEAR) is to break away from these conventional decentralized applications by resolving these issues. The primary goal of the platform is to provide sharding to address the issue of blockchain scalability. Sharding is the process of dividing a network into smaller, more manageable pieces (called “shards”) in order to reduce the computational strain on the entire system.
In order to carry out its primary function, Near Protocol relies on its primary platform, which is a distributed network of community-managed nodes hosted in the cloud. Smart contracts can be introduced to this cloud by means of these specific nodes. The platform’s native token, NEAR, is used for platform-specific purposes, such as settling transaction fees and facilitating seamless interaction between the various parts of the platform’s ecosystem.
One of the most trusted and fast blockchains is the Avalanche platform. It’s often used in place of Ethereum and can handle around 4,500 transactions per second.
Decentralized applications (dApps) built on this scalable blockchain are powered by the network’s smart contracts. It is a more eco-friendly alternative to Bitcoin’s Proof-of-Work system, which it replaces in the process of transaction validation (BTC).
Holders of Avalanche pledge not to sell or transfer a fixed amount of AVAX in exchange for the right to operate validator nodes. Coin holders have a voice in governance decisions such as the rate of new coin production, the cost of doing transactions, and the rewards for taking part in the network.
The current market cap for the Avalanche (AVAX) network is $5 billion. It’s one of the top twenty tokens by market cap on CoinMarketCap. It is anticipated that the price of AVAX will increase as more holders stake the token in order to gain access to incentives and protect the network.
Any crypto enthusiast with an appreciation for memes and a penchant for precious metals should keep Big Eyes Coin in mind. This coin aspires to achieve success on par with the most popular meme coins. The designers of Big Eyes have built a platform that will propel this meme token to the forefront of the cryptocurrency market.
The sixth stage of the Big Eyes Coin presale has recently begun. During the presale, there will only be a limited number of tokens available for purchase, and as demand rises, those tokens will sell out quickly.
Community involvement is key to Big Eyes Coin, a meme cryptocurrency. Only by participating in the presale and buying tokens can you become a part of the Big Eyes Coin community.
Due to Big Eyes Coin’s practicality, buyers will keep coming back for more. It is not widely available as a coin that can be produced using NFTs. Big Eyes Coin, being a coin that allows for NFT minting, stands alongside the industry’s most well-known coins.
Within a short time, Big Eyes Coin could have some of the largest NFT collections in the world. This would be great news for the cryptocurrency, as it would mean more people would start using it and its value would rise.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
Blockchain gaming remains a crucial Web3 pillar to monitor. Several titles have noted substantial success…
All major companies are under scrutiny in the early phases of 2023. With soaring layoffs…
TORONTO--(BUSINESS WIRE)--Banxa, the world's first listed cryptocurrency payment gateway provider, today announced its integration with…
Deal will Eliminate principal payments and defer amortization to April 2024 with ability to extend…
TORONTO--(BUSINESS WIRE)--$CBIT #Bitcoin--(Block Height: 774,581) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra” or…