2021 has seen the emergence of new tokens, and we have seen increases in the cryptocurrency prices of several existing coins, from Solana to Dogecoin and even Shiba Inu. However, most tokens in 2022 saw declining monthly valuations due to bearish trends caused by the crypto meltdown. Despite these downtrends, some tokens, like Solana (SOL), ApeCoin (APE), and Big Eyes Coin (BIG), have shown signs of being able to escape their lows in the coming weeks. Read on to find out why you should start investing in these coins today.
Solana (SOL) – Central NFT Platform
Solana was developed in 2017 following an announcement in a whitepaper and was publicly launched in the cryptocurrency market in 2020. The main goal was to present an alternative network to the existing Ethereum network, which featured several challenges for crypto asset holders and traders.
One of the main issues solved by Solana was the high gas fees charged by Ethereum for smart contract transactions. Mining network transactions was becoming too expensive for the average trader, and many small and medium-sized asset holders quickly turned to Solana for sales and trading.
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NFT mining and the popularization of Metaverse in 2021 made Solana a home token in the cryptocurrency market. Its cryptocurrency prices saw significant spikes throughout the year as developers subsequently introduced Solana-based NFT mining. However, the network has recently experienced several outages caused by a massive influx of users.
Despite the negatives, there are reasons to bet on Solana for profits this year. Over the past week, Solana (SOL) reached $34.6 indicating an incoming bullish trend. Additionally, the developers noted that outages on the network did not compromise the security of crypto assets. All tokens are safe in their respective wallets.
ApeCoin (APE) – The big player in the crypto market
ApeCoin (APE), introduced in 2022 by the Bored Yacht Club, is a Metaverse-based token that doubles as a trading coin in the cryptocurrency market. The Bored Yacht Club represents one of the world’s largest groups of NFT holders, and they have released the coin for use in their Metaverse space.
ApeCoin is based on the Ethereum blockchain, which requires gas fees for payment. A decentralized autonomous organization (DAO) controls the protocols offered by the token, which means that the support community has more influence on decisions than the developers.
Even though it did not make any highs, ApeCoin (APE) cryptocurrency prices have been doing quite well considering the bear market. Analysts predict a great experience for those who hold their ApeCoin (APE) tokens. The supporting community is growing every day, which means more is expected from the coin in a few weeks.
ApeCoin (APE) is currently selling for $5.05, around 11% higher than its September 9 price, which is further evidence of a bullish future.
What is the Big Eyes (BIG) coin?
Big Eyes Coin (BIG) is one of the latest meme coin projects to take the cryptocurrency market by storm. The presale is underway and already in the second stage, with over $2.08 million raised in token sales.
The total Big Eyes Coin (BIG) tokens are 200,000,000,000 with the community owning 80%. The developers wanted to create a meme room. Everyone will be part of it and they will place most of the approvals in the hands of the support community. A fraction of the profits will go to charities dedicated to saving marine life. This is an important point for the community and present at several stages of the site’s roadmap.
There are several plans to help maintain the value of the coin over time. The plans feature an NFT mining system through which community members can access Big Eyes Coin (BIG) NFTs over time. Crypto users are advised to participate in presales, while the coin is cheap, as the price is expected to increase soon after launch.
To learn more about Big Eyes Coin (BIG), visit the links below:
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Top 3 Coins To Watch In The Cryptocurrency Market: Solana, ApeCoin And Big Eyes Coin
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