Cryptocurrency prices have consistently climbed over the last several years due to how simple and secure blockchain technology is. The market is currently focused on the daily introduction of a new cryptocurrency, as well as appealing features such as trading, NFTs, and so on.
When it comes to cryptocurrency investing, the many blockchain advancements allow investors to make educated choices that are in their best interests. This article focuses on various prominent coins, including Big Eyes Coin (BIG), Shiba Inu (SHIB), and Stellar (XLM).
Shiba Inu (SHIB) – Not just another Meme Coin
Shiba Inu (SHIB), sometimes known as the “Dogecoin killer,” is a famous meme coin. Shiba Inu is one of the cryptocurrencies with a high concentration of whales, or exceptionally large cryptocurrency holders, who are likely to impact the cryptocurrency’s recent resurgence substantially.
According to recent cryptocurrency news, Shiba Inu (SHIB), a competitor to Dogecoin, jumped from seventh to second place due to Ethereum whales raising their holdings by more than 580%. This coin, like many others, is not based on cash flows or assets.
Most of the apparent value of meme coins like Shiba Inu (SHIB) is based on speculation and ongoing hype. Not surprisingly, when the Shiba Inu (SHIB) excitement faded in the face of negative market conditions, Shiba Inu (SHIB) token values plummeted, now trading at 87% of their ATH.
SHIB is a meme currency becoming increasingly popular owing to its versatility. It can be used as a value store and a means of payment and aspires to join the NFT market. It is only two years old, but it has the endorsements of influential figures. Musk and Buterin have shown their admiration for SHIB, which helped spread the word about the coin.
There are various reasons why investing in SHIB may be a wise decision. For starters, SHIB has a formidable community behind it, which is critical for any cryptocurrency’s long-term development.
Stellar (XLM) – The Speedy Platform
Stellar (XLM), a blockchain-based payment network, allows for the digital representation of all types of money, including cryptocurrency and fiat. As a result, the exchange is very broad, and respected financial institutions prefer it. Stellar (XLM) prices may rise before the end of the year.
Stellar (XLM) essentially allows large investors, corporations, and institutions to move funds around with less trouble and at reduced transaction costs. Stellar (XLM) primarily enables smart contracts and allows users to send multiple currencies to other users via different currencies if they own Lumens. Stellar (XLM) does not, like Bitcoin (BTC), allow mining solely on proof of work.
When the Stellar (XLM) network initially became active in 2014, 100 billion Lumens were generated, with annual inflation of 1%. Nonetheless, the community later agreed to reduce the overall amount of Lumens to roughly 50 billion while abandoning the decision to inflate. As a result, half of the 50 billion Lumens are in circulation, with the other half being utilized by the Stellar Development Foundation to sustain the Stellar (XLM) ecosystem.
Stellar (XLM) is one of the most effective altcoin projects available and will play an important role in developing digital money. According to analysts, the value of Stellar (XLM) could rise to $10 per XLM, a significant increase from the present cost.
What is Big Eyes Coin (BIG)?
Big Eyes Coin (BIG) is now making headlines and drawing a lot of interest in its presale period, especially as it has already raised a whopping 3.791 million dollars. This meme coin’s whitepaper is evidence that it has been paying close attention to the trajectory of the current green investment trends.
This meme coin is committed to giving 5% of all its coins to organizations that help the preservation of our oceans.
Big Eyes Coin’s (BIG) charitable donation is in line with the Ethereum (ETH) network’s recent switch to Proof-of-Stake (PoS). This upgrade significantly lowered the energy required to transfer or mine cryptocurrency (a huge enhancement to the old proof-of-work system).
Instead, individuals in this PoS blockchain network must opt-in as stake validators, enhancing sustainability, a sense of community ownership, and an incentive to join.
Big Eyes Coin (BIG) is now in a good position to attract new potential investors who may have yet to consider trading in cryptocurrencies before this update. Big Eyes Coin (BIG) is waving a green flag to a new audience eager to embrace a community that upholds sustainable values and is dedicated to rescuing the planet. Don’t miss out; here is your opportunity potentially make a lot of money!
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