Choosing which cryptocurrency would benefit your portfolio the most after the dismal year of 2022 can be daunting. The crypto market saw one of the worst-performing years in history, with a little over $2 trillion lost throughout the year. So, which cryptocurrencies are the best to purchase this year? This editorial piece will examine three that could provide explosive returns, reigniting your portfolio!
Solana (SOL) and Litecoin (LTC) are two crypto heavyweights, cementing their place in the top fifteen cryptocurrencies by market capitalisation. However, a new cryptocurrency has entered the market by the name of Big Eyes Coin (BIG). This new meme token has garnered a lot of attention for its unique style and innovative ecosystem, raising $17.6 million in its presale at the time of writing.
Why Is Everyone So Excited About Big Eyes Coin?
Big Eyes Coin is grabbing headlines ahead of other popular meme tokens in the market. The platform has shown interest in the NFT sector while showcasing its dedication to charitable causes. While Big Eyes Coin has set aside 5% of its tokens for ocean conservation efforts, the platform will also make contributions to other crucial causes.
Some of Big Eyes Coin’s contributions include $1,000 to Big Cat Rescue Corp through The Giving Block and $1,000 for Action For Child Trauma International, inspired by donations made by Jay-Z!
Big Eyes Coin’s involvement in the NFT sector will come with the release of an NFT collection in the third stage of its roadmap, with snippets released in the second stage. These won’t just be any ordinary NFTs, though. Big Eyes Coin will add utility to its collection, allowing its holders to utilise them as invitations to exclusive events.
Litecoin Looks To Climb Back Up The Crypto Ladder
Litecoin was introduced to the crypto market as an energy-efficient alternative to Bitcoin (BTC). Bitcoin uses mammoth amounts of energy, equivalent to countries. However, Litecoin uses around half of Bitcoin’s energy per transaction, making it a viable alternative to eco-conscious crypto enthusiasts.
Even with Litecoin’s reduced energy consumption, the blockchain is still able to confirm transactions faster than Bitcoin. While Bitcoin can confirm 7 transactions per second, Litecoin is capable of handling 54.
Due to its faster transaction rate, Litecoin can scale better than its competitor, Bitcoin. The platform also hosts a novel mining algorithm that attracts miners and has low transaction fees, making it a desirable cryptocurrency for crypto enthusiasts.
Is Solana Worth Your Attention In 2023?
Solana has always been regarded as a good cryptocurrency to keep on your watchlist. The platform has several innovative features, including a combined consensus of Proof-of-Stake (PoS) and Proof-of-History (PoH).
This combined consensus allows Solana to reach 50,000 transactions per second at its peak performance. Additionally, Solana can limit its energy usage due to its consensus, allowing it to scale efficiently while remaining sustainable.
Another advantage of Solana that makes it so popular among crypto enthusiasts is its low transaction fee. On average, each Solana transaction costs $0.00025 to process, making it one of the cheapest blockchains to utilise in the crypto space.
So, which cryptocurrency is the best to buy in the crypto market this year? While Litecoin and Solana have provided platforms filled with utility that can give explosive returns, the hype surrounding Big Eyes Coin is too much to pass up on. The new platform aims to become the most talked about meme token in the crypto space by 2030.
Additionally, if Big Eyes Coin hits its goal of $12 million raised in January, the platform will launch early. You can obtain 200% bonus tokens with your order if you use the ‘LAUNCHBIGEYES200’ promo code at the checkout!
For more information on Big Eyes Coin (BIG), please visit the following links:
*This article was paid for. Cryptonomist did not write the article or test the platform.