The recent mainstream attention and global interest in crypto and the cryptocurrency industry have brought about various myths and beliefs. An example is a common misconception that the crypto market is a get-rich-quick scheme. It is an ideology that is becoming common amongst newcomers within the cryptocurrency industry, one that is ill-informed and dangerous and can lead to unprecedented loss, especially in the current climate.
The ongoing bear market that has laid siege to the cryptocurrency industry since the summer after crypto markets crashed alongside global financial markets is tricky to navigate and requires careful consideration to avoid massive losses. One strategy proving successful for many investors is focusing on long-term cryptocurrency investments. Long-term cryptocurrency investments help reduce the risk of running at a loss in the current climate and promise massive returns in the long run.
Algorand (ALGO), Apecoin (APE) and Big Eyes Coin (BIG) are three cryptocurrencies rumoured to explode within the ongoing bear market. All three possess the massive potential to be valuable assets and could reap an enormous return on investment (ROI). We examine all three altcoins in-depth below.
Algorand (ALGO) The Solution Crypto
Algorand (ALGO) is the solution to the blockchain industry’s scalability trilemma. It is a prominent blockchain-based platform that enables the creation and deployment of powerful decentralised applications (dApps) and financial primitives that will be used as the backbone of the future economy.
Algorand (ALGO) addresses several critical challenges faced by competing platforms, such as decentralisation, scaling and speed through its architecture. It is divided into two layers, which serve various purposes, such as running smart contracts, handling atomic swaps, creating new Algorand-based blockchain assets and stacking on additional functionality. Its native cryptocurrency, ALGO, is increasingly popular around the crypto community and acts as a utility token used to pay gas fees on the Algorand platform.
Apecoin (APE) The Ethereum Based Token
Apecoin (APE) is an Ethereum (ETH) based utility and governance token for the Bored Ape Yacht Club collection and the ever-expanding Apecoin Ecosystem. The token is a reward for BAYC and MAYC NFT holders, who can claim a certain amount of the token from the official Apecoin (APE) website. Apecoins (APE) also grants access to exclusive content within the Apecoin Ecosystem and participation in the Apecoin DAO.
As a utility and governance token, Apecoin (APE) facilitates several operations, such as payments and transactions within Web3 apps, network governance and more.
Big Eyes Coin (BIG) The New Meme Token
Big Eyes Coin (BIG) is an upcoming meme coin that has recently become the subject of much anticipation and excitement within the cryptocurrency industry. Native to the Big Eyes project, the token is a full-on community token with the express goal of shifting wealth into the Decentralised Finance (De-Fi) ecosystem and protecting an essential part of the world’s ecosystem. Big Eyes Coin’s appeal comes from its commitment to community development, massive supply and roadmap.
Big Eyes Coin (BIG) is likely to be a valuable asset in the bear market and is currently on presale. After raising $1 million in the first week of its presale, the token is on course to smash the $20 million mark set by the team. You can see more information and details about the Big Eyes Coin (BIG) and Big Eyes project here.
Big Eyes Coin (BIG)