Cryptocurrency did not begin as the giant it is today. Instead, it was considered the cyberpunk universe of decentralized finance. However, the idea of digital assets started out slow and exploded to become one of the biggest financial markets in the world today. Cryptocurrencies and their digital assets are set to unleash an unprecedented and unexpected change when it comes to the socioeconomic relationships that connect our society. The crypto industry is one of the biggest and most complicated industries that so many people can hardly even fathom.
The industry offers a great deal in terms of utility. The coins in the crypto market offer incredible utility by solving the issues that plague the crypto market. Apart from fixing the crypto market, these projects are also dedicated to fixing the issues surrounding other industries as well. With its open arms policy, the crypto market offers the freedom developers need to stretch themselves in various directions. The crypto market is home to well over 10,000 coins without any rules and restrictions. Of the numerous coins available in the market, investors need to consider two coins: Nexo (NEXO) and Big Eyes Coin (BIG).
Nexo (NEXO): Lending Made Easy
Nexo (NEXO) is a different and interesting crypto asset that is set to make a difference. The crypto asset is making use of blockchain technology to offer something different to the crypto community. The Nexo (NEXO) platform is one that is interested in providing easy-to-get loans for interested individuals. The intended crypto users can get instant crypto-backed loans on the platform. All they have to do is put up the acceptable tokens as collateral. The platform offers loans in the form of stable coins or fiat currency. The acceptable tokens that can be used as collateral are select tokens like Ether (ETH), Bitcoin (BTC), and Ripple (XRP), among others.
The crypto asset is built off the Ethereum (ETH) network, and it offers all the perks that the Ethereum (ETH) network has to offer. The crypto asset makes use of smart contracts and an oracle network to manage loans. The platform makes use of NEXO, its native token, and the native token is used as an advantage to gain discounts on loan interest. The native token can also be used to recover dividends on profits and earn interest on deposited funds. The crypto asset is labeled as the first platform that offers crypto-backed loans. This lending feature has improved the popularity and adoption of the crypto asset among crypto users. Nexo (NEXO) enjoyed a great run in the fourth quarter of 2021. However, the crypto collapse hampered its run in the crypto market. However, with its unique use case, there is no doubt that it is only a matter of time before the coin soars again and records new highs in the crypto market.
Big Eyes Coin (BIG): The Mighty Crypto Asset
Big Eyes Coin (BIG) might be cute and cuddly, but the crypto asset has more to offer than what meets the eye. It might be a newbie in the crypto market, but Big Eyes Coin (BIG) is setting itself up to be one of the most valuable crypto assets an investor can get. The coin is built off the Ethereum (ETH) blockchain and takes full advantage of the network. It has already gained a significant following and is now worth well over 31 million dollars, even in its presale stages. The feats and achievements of the crypto asset warn investors that it must not be ignored or overlooked. Apart from its numerous financial benefits, the coin is also dedicated to saving the environment.