The longest bear market in history appears to be going nowhere anytime soon, and the cryptocurrency industry continues to struggle with the effects of the situation. This week, the second largest crypto by market cap, Ethereum (ETH), dipped by a considerable amount again, leading crypto players to question whether another significant slump is on the horizon. Unfortunately, such has been the nature of the ongoing bear market in which the world’s largest cryptos have suffered the most.
All around the cryptocurrency industry, there is a realization that the bear market may not end anytime soon. While this may seem like bad news to some, it presents a unique opportunity for others, particularly crypto investors. Low crypto prices mean bulk purchases are possible, and with the right altcoin, investors stand to gain a massive return on investment (ROI) in the long run.
Extensive market research indicates that these two altcoins, Polkadot (DOT) and Big Eyes Token (BIG), stand head and shoulders above the competition for various reasons. This piece examines both altcoins in depth. Here’s all you need to know.
Polkadot
First, we have Polkadot (DOT). An open-source, sharded multichain protocol, Polkadot (DOT) not only connects and secures a network of specialized blockchains but also facilitates the cross-chain transfer of any data or asset types, not just tokens. Polkadot (DOT) solves one of the significant problems within the cryptocurrency industry by acting as a hub that allows blockchain networks to be interoperable.
Polkadot (DOT) functions as an ideal environment and a foundation to support a decentralized web controlled by its users and to simplify the creation of new applications, institutions and services. Its native cryptocurrency, DOT, is integral to achieving this and facilitates several operations with the Polkadot ecosystem. For example, DOT enables crypto-related activities such as staking for operations and security, network governance and purchasing bonding tokens to connect parachains.
A top 20 cryptocurrency by market cap, DOT is a familiar token with the industry and is available on several top crypto platforms, including Binance, Huobi Global, OKEx, Coinbase and Kucoin.
Big Eyes Token
Big Eyes Token (BIG) is native to the upcoming crypto project Big Eyes, which has recently become the subject of buzz and excitement within the cryptocurrency industry. The crypto project is gaining prominence due to several factors, such as its roadmap and the features within its ecosystem. Big Eyes is completely community-oriented, and its native token, BIG, is a full-on community token that exists to shift wealth into the Decentralized Finance (De-Fi) ecosystem and protect a large part of the world’s ecosystem.
The Big Eyes Token (BIG) provides utility and facilitates several crypto-related activities in the Big Eyes platform and ecosystem. The token has a maximum supply of 200,000,000,000, 70% of which will be available during its presale stage. Additional features of the token include zero gas fees or transaction taxes, NFTs, events and merch.
With the bear market raging on, the Big Eyes Token (BIG) could be a viable long-term cryptocurrency investment for investors in the long run. The token is fast approaching its presale stage. To find out more details about BIG, click here.