Decentralisation is a relatively new concept in finance. It refers to the movement of power and decision-making from a centralised entity (person, organisation, or group thereof) to a dispersed network. The concept of decentralisation has led to the development of blockchain technologies that propagate cryptocurrencies to a more mainstream market. Crypto’s long-term feasibility has frequently come into question by financial experts due to its fluctuating and volatile characteristics.
The COVID-19 pandemic saw the popularity of crypto owners skyrocket, as people were looking for new ways to make passive income during lockdowns. Polygon (MATIC) and Avalanche (AVAX) are two established cryptocurrencies that have grown in popularity over the past couple of years, and Big Eyes Coin (BIG) is looking to follow suit.
Big Eyes Coin: Bringing Cutestness To Crypto
As a newcomer to the world of crypto, Big Eyes Coin (BIG) quickly gained a reputation for its figurehead’s cute aesthetic, a manga/anime designed cat with large pupils. Their developers believe that spending time on uniquely designing their figurehead is targeting the cute industry, which they believe to be worth a billion dollars.
Outside of its charming branding, Big Eyes Coin is centred on its 5% charity wallet, which will be donated to sea sanctuaries. BIG’s present success is based on a healthy community and a strong social media presence. With over 50,000 Twitter followers and the support of social media influencers such as Gino Assereto and Ieda Wobeto, the news about BIG is quickly spreading.
While the 5% marketing wallet has contributed to Big Eyes Coin’s popularity, other features such as the NFT sushi crew, merch store, and charity donations have all upset the crypto industry, creating a need for a new perspective on meme coins.
Avalanche: The Blazingly Fast Network
Avalanche (AVAX) is a prime example of a blockchain network that thrived during the heights of the COVID-19 pandemic. The blockchain network entered the market in 2020 as a layer one blockchain that serves as a platform for decentralised apps and specialised blockchain networks. AVAX quickly became recognisable for its ability to conduct an approximate 4,500 transactions per second while not compromising scalability. Essentially, the blockchain network seeks to resolve the blockchain trilemma, which holds that blockchains cannot attain a sufficient level of decentralisation at scale.
On 9 October 2022, Avalanche announced that they will hold with Crypto Royale, a browser-based Battle Royale in which participants battle for notoriety, and money. The fact that Avalanche will host Crypto Royale this month may lend it legitimacy. If it is tied to in-game tokenomics, it has the potential to generate demand for AVAX.
Polygon: A Web 3 Catalyst
Polygon (MATIC) is a blockchain network that believes in Web3 for everyone. It is the first well-structured, user-friendly Ethereum scaling and infrastructure development platform. Polygon transforms Ethereum into a fully functional multi-chain system. This multi-chain solution is comparable to others like Polkadot and Avalanche, but it benefits from Ethereum’s security, active ecosystem, and unrestrictiveness.
Polygon has released over 53,000 dapps, according to an announcement made on its Twitter account. This statistic has increased 8X since the beginning of 2022. Additionally, the number of dapps jumped by 60% following the June market meltdown. The Polygon release also stated that the MATIC downturn had no detrimental influence on network demand. In other words, dApps that launched on Polygon took advantage of the unfavourable market conditions to do so. This is excellent for one of Ethereum‘s premier layer 2 solutions. More importantly, the rapid proliferation of dapps has highlighted a promising future for the network and its native coin.
Find Out More On Big Eyes Coin (BIG) In The Links Below:
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.