The world of cryptocurrency is constantly evolving, with new coins and platforms emerging all the time. As we look ahead to Q2, there are several digital currencies that are poised to make a big impact. In this article, we’ll take a look at some of the top cryptocurrencies to watch in the coming year, Ethereum (ETH), XRP (XRP), Decentraland (MANA), and Big Eyes Coin (BIG). Whether you’re a seasoned crypto trader or just getting started in the market, these coins are worth keeping an eye on as they could potentially see significant growth in the coming months.
Industry Staple: Ethereum
Ethereum is a decentralised platform that is best known for the creation of smart contracts and dApps. It has been a staple in the cryptocurrency market since its launch, consistently ranking among the top three digital currencies by market capitalization, currently sitting at $186,037,015,932.
In addition, Ethereum’s long-term plan to transition from a Proof of Work (PoW) consensus mechanism to a Proof of Stake (PoS) mechanism, called Ethereum 2.0, is expected to bring significant improvements to the network’s scalability and sustainability, which could further solidify its position in the market. As we know, it is a strong staple of the cryptocurrency market and looks to continue its success throughout the rest of the year.
Impending Explosion for XRP?
As those that have been following XRP for some time will know, the SEC brought a case against Ripple Labs, the company behind the cryptocurrency XRP, back in December 2020. The outcome could have a significant impact on the future of XRP – if the SEC were to win the case, XRP would be delisted from many major cryptocurrency exchanges, likely causing a significant decline in its value. However, if Ripple ends up on top, XRP could regain credibility as a coin and potentially face an explosion in price. Since XRP seems to have had a good start to the year already, with the price increasing from $0.34 to $0.38, we can expect it to be one of the key players in Q2.
Decentraland & Metaverse Tech
Decentraland is a virtual reality platform built on the Ethereum blockchain. It allows users to create and experience content and applications in a virtual world, and it is powered by its native cryptocurrency, MANA. It is one of the pioneers of the development of metaverse technology which is still in its early stages but is expected to grow rapidly in the coming years.
Decentraland is a promising example of what the metaverse could look like. This platform is expected to be at the forefront of metaverse tech expansion and could potentially see significant growth in the future. The coin has seen a 115% increase this past month and if this trajectory continues into Q2, we can expect it to make waves in the crypto world.
Hype for Big Eyes Coin
Big Eyes Coin is a more recent entry to the market and is already well-known for bringing money to the DeFi community. Big Eyes Coin places decentralisation at the core of its ecosystem, allowing users to participate in the network’s growth and development as long as they hold tokens.
The anticipation is growing now that a new offer has been announced. Buyers will get a huge 200% bonus by using the code LAUNCHBIGEYES200. Hype surrounding the project is growing as it boasts high utility and scalability. This project has raised $16.5 million during presale – a figure that is climbing every day. Its returns calculator indicates that there is a potential for 53.8% increase in coin price between now and its launch, let alone post-launch in Q2.
Final Thoughts
These projects are all promising cryptocurrencies that are worth keeping an eye on as we head into 2023. However, it’s also important to note that all have their own set of limitations. Ethereum’s network is facing high transaction fees and slow confirmation times. XRP’s future is uncertain due to the ongoing SEC case. Decentraland is still in its early stages of development, whilst Big Eyes Coin seems to be going from strength to strength. Is this the best coin to carry into the next quarter?
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
