The crypto market has been volatile since the beginning of the year. There have been various notable incidents in this crypto cycle, including the Luna crash and resulting liquidations. These events have caused investors to become cautious and tread carefully. The important thing to remember during these times is that preserving capital is the most important responsibility of an investor. Therefore, they must ensure that they take strategic steps that prevent their portfolios from taking a serious hit. One way to protect their portfolio is by converting their crypto assets into stablecoins. This would keep them in the crypto markets but ensure that their assets are also protected from volatility. Another method of surviving the bear market is scouting undervalued crypto tokens and purchasing them. Therefore, you benefit when the token value begins to rise.
Cardano (ADA), Aave (AAVE), and Big Eyes (BIG EYES) are three crypto projects that will boost your crypto portfolio. These three projects have solid fundamentals, decent tokenomics, and a strong user base that utilizes the project. Here is a summary of each project with more details on what each project entails.
Cardano (ADA) The Proof of Stake Layer 1 Blockchain
Cardano (ADA) is a Proof of Stake Layer 1 blockchain. It was launched in 2017 and aims to use crypto technology and decentralization to create positive change. Furthermore, it will provide the tools necessary for invaders to build life-changing projects on its blockchain. The solutions that can be built using Cardano are numerous, as some of the projects already built on the blockchain prove this. For example, Cardano is involved in some projects, including partnering with African governments and helping agricultural companies keep track of their crops. In addition, Cardano has created products to help kids in Africa learn about the blockchain.
ADA is the utility token of Cardano, and it can be used for various purposes on the blockchain. Token holders can collect rewards, stake, and govern the blockchain. Additionally, the token will allow users to perform transactions on the Cardano blockchain. Furthermore, the ‘Alonzo’ hard fork of 2021 brought smart contract capabilities to the blockchain, further attracting more developers to the Cardano ecosystem.
Aave (AAVE) The Decentralized Exchange
Aave (AAVE) is a decentralized exchange (DEX) that allows users to borrow and lend savarious crypto tokens. Users provide these crypto tokens on the platform in exchange for a share of fees paid by borrowers. To borrow assets on the protocol, users need to deposit collateral and a fee to access the liquidity pools on the platform. The liquidity pools on Aave are powered by smart contracts, which remove order books from the equation. Furthermore, Aave is a multi-chain protocol that allows users to borrow and lend crypto tokens from different blockchains.
AAVE is the protocol’s governance token, giving holders the right to vote on and propose changes to the protocol. The Aave DAO is in charge of executing all proposals that token holders have approved. In addition, borrowers on the Aave protocol can use AAVE to reduce borrowing fees from liquidity pools.
Big Eyes (BIG EYES) The New Meme Coin
Big Eyes (BIG EYES) is a crypto project that is dedicated to ensuring users get access to DEFI services. It will simplify access to these services and also increase the liquidity of DEFI through its token. Additionally, users would be able to gain access to DEFI projects. Big Eyes was created to simplify access to DEFI and allows users to use DEFI projects without any of the hassles involved. The project draws inspiration from Japanese culture, and the aesthetics of the coin are prevalent in Japanese paraphernalia.
The project aims to take a community-first approach to solve the DEFI problem. It will put the project in the hands of its users and allow them to guide the project’s future. Get in on the ground floor of this project by purchasing BIG EYES tokens at the ongoing presale. There are various presale stages and bonuses attached to each stage. Want to learn more about how to participate in the presale, visit their website.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
