Undoubtedly, this year has been very rough. Geopolitical instability, economic crisis, supply chain bottlenecks, and soaring inflation have resulted in a prolonged bear market globally.
Most cryptocurrencies have plunged severely, with Solana (SOL) and Toncoin (TON) extending losses of over 75% since their ATHs (All-time highs). However, the upcoming DeFi (Decentralized Finance) coin, Big Eyes Coin (BIG) is performing well in its presale, with over $9.5 million raised in funding. Let’s read more about SOL and TON before exploring BIG.
Solana: Permissionless Blockchain
Solana (SOL) is a permissionless blockchain platform that provides DeFi solutions. It facilitates the creation of scalable dApps (Decentralized Apps) and rivals Ethereum due to its speed, efficiency, and transaction fees. The blockchain combines PoS (Proof-of-Stake) with PoH (Proof-of-History) mechanism to validate & verify its transactions with even faster processing.
This combination also makes the blockchain much more scalable while adding another layer of security to the platform. With a market cap above $10.8 billion, SOL currently ranks in the top 10 cryptos on CoinMarketCap (CMC). At the last check, the coin was trading below $35 apiece, marking a vast decline of over 88% from its November 2021 ATH (all-time high) of $260.06. While there is no data on its max supply, its total supply is over 511 million.
Toncoin: Streamline Crypto Payments
TON, “The Open Network,” is a PoS layer-1 blockchain network with its native asset Toncoin (TON). It was initially launched to streamline crypto payments on Telegram in 2018. However, some roadblocks, including an SEC (Securities Exchange & Commission) intervention, led Telegram to part ways with the blockchain, leaving TON to its community. It now provides smart contract transaction commission payments and capital lending for rewards.
Additionally, it also features sharding and a variety of wallet options. At the time of writing, the project’s market cap was over $1.5 billion and ranked in the top 50 on CMC. TON reached a price of $5.84 last November to register its ATH but has lost over 78% of its value to now trade at below $1.5. Its max supply is 5 billion.
Big Eyes Coin: Phenomenal Presale Run
CRYPTO CLASS: BIG EYES | PRE-SALE IS LIVE | $9M RAISED | CEX LAUNCH SECURED | WIN $250K OF BIG EYES
BIG is a community-driven DeFi meme coin built on the Ethereum blockchain. Based on a “cute feline with big eyes,” it aims to increase wealth in the DeFi ecosystem through a mix of cute and NFT (Non-fungible token) technology. It also plans to save a part of the world’s ecosystem and has reserved 5% of its 200 billion tokens for charity.
Given its community orientation, 70% of its tokens are currently available to the public in its presale, and another 20% are reserved for exchanges. Furthermore, it has put 5% of the tokens in a marketing wallet to propel its customer base and even has initiated a Gleam competition with a giveaway worth $250,000. The meme coin will soon enter the market on a CEX exchange after its stages are over.
How to Purchase BIG in the Presale?
The token is currently available in its presale stage five, making purchasing it easy and cheap. Visit their presale page and choose your desired number of BIG tokens (within their given limit). Then make a purchase using a crypto wallet through either ETH, BNB, or USDT. Be ready to collect your BIG tokens following the presale’s conclusion.
To Sum Up
While BIG is making good progress with a nice amount of funding in its presale, existing crypto projects like SOL and TON continue to suffer from the economic downturn. The upcoming meme project won the hearts of the investors. Its only a matter of time that Big Eyes Coin reaches the top!
Click on the links below to be a part of the cat presale!
The post Market Giants Like Solana & Toncoin Face The Fury Of 2022 While Big Eyes Coin Shines Bright After Securing Over $9.5M In Presale appeared first on Analytics Insight.
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