Ever since the cryptocurrency industry achieved mainstream attention, it has witnessed a massive influx of newcomers interested in leveraging blockchain technology for several reasons. As more and more global communities come to terms with the vast potential of crypto and the blockchain, the industry can expect to receive many more interested parties. One of the most lucrative activities within the industry is crypto investing, and it has become a renowned source of income worldwide. Crypto investing grants the opportunity for crypto enthusiasts to gain financial identity and access wealth-generating tools.
However, the ongoing bear market threatens the lucrative nature of crypto investing and the portfolio and investments of crypto investors. As bear markets are periods of extreme market volatility and negative prices, crypto investors face the risk of unprecedented losses. Even at that, the bear market provides a unique opportunity for income generation. It provides the perfect avenue to utilize long-term cryptocurrency investing on suitable altcoins that can yield massive returns in the long run.
With the bear market in full swing, we suggest three altcoins with the potential to yield up to a 100x profit in the current climate. Here’s why you should consider investing in Near Protocol (NEAR), XRP (XRP) and Big Eyes Coin (BIG).
Near Protocol (NEAR)
Near Protocol (NEAR) is a notable smart contract-capable blockchain platform within the cryptocurrency industry. It is an ideal environment that supports decentralized applications (dApps) and provides feasible solutions to several limitations of competing blockchain systems like low throughput, low speeds and poor cross-compatibility.
Near Protocol (NEAR) is reputable within the industry for its incredible speed and performance. It can process up to 100,000 transactions per second (tps) with a near-instant transaction finality. Its native cryptocurrency, NEAR, is an integral part of its ecosystem and is responsible for facilitating several crypto-related operations, such as payment fees, network governance and user interaction.
XRP (XRP) is a blockchain-based platform that exists to remedy the inefficiency of traditional financial systems like banks. It is a platform that develops a method to help banks and other financial systems move money faster and cheaper than existing systems. Additionally, XRP (XRP) bridges Decentralized Finance (De-Fi) and traditional finance by using its native cryptocurrency, XRP, as a go-between to exchange pounds and dollars into crypto.
XRP (XRP) is notable for extremely fast transaction times, needing only 3.5 seconds to finalize and confirm a transaction. It can also process up to 1000 transactions per second (tps) and is energy-efficient as it does not require mining. Its native XRP token is a highly sought-after cryptocurrency available on several prominent crypto platforms within the industry.
Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is an upcoming meme coin that has become the subject of interest and excitement within the cryptocurrency industry. The token is one of the few meme coins with real-life applications and use cases and features exciting qualities like a lack of transaction taxes. This quality makes it an ideal cryptocurrency for interaction between traders and other crypto regulars within the industry.
Big Eyes Coin (BIG) is approaching the end of the second stage of its presale, after which its price will go up by 25%. Having already raised over $2 million, the token looks likely to surpass the $20 million mark set by its team and could be a valuable asset within the current climate.
Big Eyes Coin (BIG)