The cryptocurrency market is a highly competitive space, especially with new crypto projects showing up daily on the market, trying to gain the attention of new users. Still, a number of projects in the cryptocurrency industry appear to be unstoppable, like Bitcoin (BTC) and Chainlink (LINK), two prominent projects that have seen recent growth. Big Eyes Coin (BIG), a new meme coin in its third presale stage, appears ready to take over the market.
Bitcoin (BTC) – The Leader of the Pack
Bitcoin (BTC) was among the first modern cryptocurrencies to be introduced to the market. It is the most widely used cryptocurrency and has the largest market capitalization. Bitcoin consumes 150 terawatt-hours of electricity every year. This sum is heavily influenced by how people mine Bitcoin.
The proof-of-work mining method is used to generate Bitcoin. This technology allows for the addition of extra Bitcoins to the blockchain. Each end of the blockchain is assigned a unique hash number. To contribute to the blockchain, you must solve complex mathematical equations that yield the complementary number to the preceding block.
The holder who solved the equation will be able to add to the blockchain and be awarded a Bitcoin as a result. As more people began mining Bitcoin, the calculation became more difficult. As a result, individuals prefer to mine using intelligent computers since they are faster. However, these computers consume a lot of energy, which is why Bitcoin has high energy usage.
Chainlink (LINK) – Linking Cryptos together
Chainlink (LINK) is a renowned open-source, decentralised oracle solution provider. Chainlink (LINK) is a platform built on Ethereum (ETH), rated 22nd on CoinMarketCap. LINK is the protocol’s native token. It is used as a medium of trade, to pay transaction fees, and to compensate network operators.
Chainlink (LINK) is a unique protocol and one of the major crypto initiatives. It combines non-blockchain technologies with popular blockchains successfully. Basically, Chainlink (LINK) is the middleware that connects smart contracts to external data. This information may include football scores and stock prices. For the connecting protocol to function correctly, users must collateralize their assets. The network compensates for this service.
Chainlink (LINK) will perform well in the coming weeks if tokenomics remain strong and the utility does not fail. With around half of the entire LINK supply in circulation, the token is expected to skyrocket by the end of the year. Chainlink, according to experts, is an excellent long-term cryptocurrency investment. Users of the Chainlink (LINK) network have access to most of the major blockchain networks.
Introducing Big Eyes Coin (BIG)
The new crypto token, Big Eyes Coin (BIG), aspires to emerge as the most well-known meme coin when it launches later this year. The platform’s native token is BIG. These charitable organizations will donate a significant portion of the presale earnings.
The Big Eyes Coin (BIG) team will ultimately add NFTs to the platform and try to rank among the top ten NFTs. By devoting 5% of their funds to their advertising wallet, they will also maintain a prominent presence on cryptocurrency exchanges and social media. The developers are also thinking of developing a platform where consumers may swap Tokens for Big Eyes Coin.
Big Eyes Coin (BIG) is putting its community first by doing so. Moreover, the developers have pledged to commit 80% of the $200 billion tokens now in use to be circulated at the presale event. These Tokens will be awarded at a rate of 5% to various charities. Analysts suggest that the presale of the new coin was one of the strongest on the market, and investors were satisfied with the results, especially as it has raised over $3.5 million alone in its presale.
They projected that the coin’s price would skyrocket in the days leading up to the end of the third presale. As a result, investors are eager to invest in the platform and see their wealth grow dramatically.
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