The bull season of the cryptocurrency market can also be referred to as the season of abundance. Why? Because there’s usually plenty of money to go around, the prices of crypto assets increase exponentially. However, it’s still possible to lose money in a bull market. That’s if you fail to make wise purchase decisions. So, which crypto tokens should you purchase to get the best out of an impending bull season? Keep reading to find out more. You’ll learn exciting details about top crypto tokens with plenty of hidden potential for short and long-term success.
The cryptocurrency market has begun recognizing decentralized finance projects because of their innovative features and the high interest they generate from users. However, many early decentralized finance projects failed to reach lofty heights. Avalanche was released at a time when the entire world was struggling with an overdependence on Ethereum. Avalanche was touted as an alternative to Ethereum because it also could support decentralized applications and programs using smart contracts. The development team of Avalanche has clearly stated that the cryptocurrency was designed to tackle scalability, decentralization, and blockchain security problems.
Avalanche can process transactions at impressive speeds because it operates on a consensus mechanism that’s different from proof of stake or proof of work. What’s more? Avalanche is compatible with the Solidity Language adopted by Ethereum. As a result, Avalanche has reasonable interoperability with Ethereum. And if that was not enough, Avalanche also has some degree of interoperability with Aave and Curve. AVAX is the native token of the Avalanche blockchain. It’s used to power transactions on the blockchain.
AVAX serves as a form of reward for users of the blockchain. Finally, this native token can also be used for blockchain governance and as a network or transaction fee.
If you’re looking for a good coin to buy for a great bull season, Chainlink should be at the top of your list. Why? Chainlink has some of the most impressive features that you’ll come across in the coin market. This project is a technology platform that allows blockchain enterprises to use blockchain technology. Before now, blockchain technology couldn’t function with external data. But today, Chainlink functions as the middleware that allows external data, such as baseball scores, to communicate with the blockchain. LINK is the native token of this middleware. It’s used to reward users of this blockchain and serves as collateral for the network.
When it was launched in 2017, this cryptocurrency gained popularity because if had finally solved a problem many cryptocurrencies had struggled with. Chainlink is also popularly known as a decentralized oracle network. Chainlink can secure computations on and off the network through hybrid smart contracts. Through this middleware, you can access Terra, Solana, and Ethereum. Chainlink’s consensus is hosted on the Ethereum network. And it’s designed as an open-source code that will make users and developers endeared to it.
Big Eyes (BIG)
Big Eyes is a cryptocurrency that’s going to thrill plenty meme coin lovers. There are many reasons why this meme coin is destined to succeed. According to its developers, Big Eyes is designed to transfer weather from DeFi world to meme coin holders. Before now, the meme sector has only been hype-filled, and many highly touted options have failed to impress. But there are clear indications that Big Eyes is a different prospect.
This meme coin has a highly committed development team who has used the best token and NFT standards. Also, this cryptocurrency adopts a community-driven approach. This approach guarantees that no single person is in control of the token’s future development. Finally, Big Eyes will be a cryptocurrency that allows its holders to buy NFT, and it has a long-term goal to become one of the largest cryptocurrencies in the world by 2030. If you want to jump on the Big Eyes bandwagon and kickstart your bull season, you can participate in the presale.