The cryptocurrency market has constantly experienced growth in valuation, adoption, and the number of projects over the years, with more notable growths experienced in the DeFi, NFTs, Meme, and gaming sectors of the market. This progressive occurrence has given millions of crypto market players plenty of revenue-generating opportunities, and you can also leverage the market to achieve your financial goals by adopting profitable live projects.
This article reviews three of the good crypto projects with promising prospects in the market currently. We carefully review them below and explain why we think they could make good portfolio additions for long run profits.
ApeCoin is a decentralized crypto project inspired by one of the most popular NFTs collections — Bored Ape Yacht Club by Yuga labs. The coin was created to power the Ape Ecosystem, a decentralized and incentivized community for users exploring the benefits of the web3 space through building, gaming, or entertainment.
The ERC-20 token equally serves as the community governance token, ensuring that ApeCoin DAO allows fairness and general inclusiveness in the continuous building and development of the APE Ecosystem. Holding the ApeCoin can give you some exclusive games and services rights within the community and allow you to participate in the ecosystem as a third-party developer.
It is mostly referred to as an NFT token due to what inspired the project. One factor that makes ApeCoin a project with promising prospects is its community. The project boasts an ecosystem of community members committed to its growth and development while gaining incentives. It also has a foundation focused on making the project beneficial to humanity. This has given major crypto enthusiasts a form of assurance that ApeCoin isn’t dying anytime soon.
The boom of the NFTs marketplace over the years and ApeCoin’s relativity to non-fungible tokens have also increased its adoption potential. It currently ranks amongst the top #40 on Coinmarketcap by market capitalization and has a 5× increase in price from its recent all-time low of $1 in March 2022. Great optimism surrounds the project, and many crypto enthusiasts haven’t shied away from adopting it at the best time possible.
Avalanche (AVAX) is widely regarded as a top crypto project in the coin market. It’s one of the top 20 cryptocurrencies by market capitalization and boasts over 870K+ watchlists inclusion on Coinmarketcap. AVAX was well above the $100 market price point in November 2021, reaching an all-time high of $146.22. Although an unfavorable market run makes it currently sell way below this price, the majority of the analysts are topping it to cross the $100 market again before the year runs out.
The layer one blockchain ecosystem is a platform for numerous DApps and custom blockchain networks, including GMX and 1inch. It is usually regarded as one of Ethereum’s greatest rivals due to its blockchain and smart contracts functionality. It’s one of the fastest blockchain platforms with high throughput and scalability. Avalanche boasts three individual blockchains that perform different functions, thus making it fast and reliable.
The contract chain (C-chain) differs from the platform chain (P-chain) and the exchange chain (X-chain). They all work on different things simultaneously to ensure speed, optimum functionality, and higher throughput. Other newly launched projects are adopting the cryptocurrency, and its functionality doesn’t make it look likely for it to lose relevance soon. Thus, experts believe it remains a good and promising project for long term gains.
Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is a new cryptocurrency project in the market. Like almost every meme token, Big Eyes is animal-themed, but it comes with unique applications and functionalities, unlike most meme projects in the market. The cat-themed token aims to further increase wealth creation in the DeFi ecosystem by building a blockchain ecosystem that allows individuals to grow their finances and experience through exclusive rights to certain rewarding content and events, leveraging the ecosystem’s NFTs.
Big Eyes Coin (BIG) NFTs have been tipped to become one of the biggest in the NFTs market, making them a valuable asset to hold. The cat-themed cryptocurrency will leverage community strength, effective marketing strategies, charity, and incentives like tax-free shopping to ensure optimum adoption and ultimate success for the project. Big Eyes (BIG) will be one of the few meme tokens that aren’t created purely for entertainment. Rather it aims at the development and growth of community members and users in finance and other areas.
These features make Big Eyes Coin (BIG) a good project with promising prospects. Experts are optimistic about it and are confident it’s worth monitoring. Find out more about Big Eyes here
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Be the first to comment