Despite cryptocurrency volatility, investors can still make some gains in the market. And 2023 came with some better chances at profits, only if you know where to look. The year started on a bit more favorable ground, and in the last two months, we’ve seen value rise far more than it did in 2022. Looking for what to invest in to recover your losses in 2023? Then you should consider adding these coins to your portfolio.
Big Eyes Changed The Narrative For Defi Meme Coins
Big eyes(BIG) is a new and recent meme coin innovation brewing in the meme coin meta. It is a meme coin that offers fresh ideas, new liquidity, and a better chance at building wealth in crypto. Big Eye is a cat meme coin looking to build on the Ethereum blockchain and lay a foundation for others to follow.
It is a DeFi meme solution where users can explore exciting new offers and maximize their investments. Users can explore top nft collections, staking, liquidity, DeFi functions, a DAO model, metaverse, and more with big eyes. The meme coin has raised the bar for better presale performance and looks to do more in the coming days.
Algorand(Algo) Raises The Bar For Scalability.
Algorand(ALGO) is a blockchain platform founded in 2017 by Silvio Micali, a renowned computer scientist and winner of the Turing Award. The platform is designed to be highly scalable, decentralized, and secure for building and deploying decentralized applications (dApps) and creating new tokens and assets.
One of the main features of Algorand is its consensus mechanism, which is based on a pure proof-of-stake (PoS) protocol that enables high-speed transactions and secure block confirmation. Unlike some other PoS systems, Algorand’s consensus mechanism is fully decentralized and permissionless, meaning that anyone can participate in the network without needing to be selected or approved by any central authority.
Polkadot(Dot), The Interoperable Blockchain Network
Polkadot(DOT) is another leading blockchain platform in terms of efficiency and reliability. It was founded in 2016 by Gavin Wood, a co-founder of the Ethereum network. Polkadot aims to be highly scalable and interoperable to foster better communication amongst blockchains. It is a platform that allows different blockchain networks to communicate and exchange data.
The core innovation behind Polkadot is its “parachain” architecture, which allows multiple independent blockchains to operate in parallel within the Polkadot ecosystem. Polkadot also has a built-in governance system that allows token holders to vote on proposed changes to the platform’s rules and parameters. This system is designed to be highly transparent and democratic, allowing all stakeholders to have a say in the direction and evolution of the platform.
Polygon(Matic), The Top Layer-2 Solution For Ethereum
Polygon(MATIC) is the best-performing layer two solution on Ethereum so far. It uses technologies such as Plasma, Rollups, and side chains to provide faster and cheaper transactions compared to Ethereum’s base layer. This allows developers to create highly scalable dApps on the Polygon network without compromising security or decentralization. The blockchain offers better scalability than Ethereum, which suffers from network congestion.
One of the key features of Polygon is its interoperability with Ethereum. Polygon is fully compatible with Ethereum’s smart contract language, Solidity, and developers can easily port their dApps from Ethereum to Polygon without making significant changes to their codebase. It is one of the best innovations on the Ethereum chain, allowing a seamless transition into the blockchain ecosystem.
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