Cryptocurrencies like Bitcoin (BTC) and others have seen their value approach or exceed their all-time highs in recent years. As a result, there has been a surge in curiosity about cryptocurrencies, with tech advocates and traditional financial institutions paying close attention.
This year’s dramatic decline in the value of the cryptocurrency market has made investors wary. More than $2 trillion in value was lost in the recent market crash, which has fundamentally altered the dynamics of the industry. Consequently, crypto traders are looking for new cryptocurrencies that can bring them substantial long-term rewards to offset their losses.
Eventually, we will witness another crypto bull run and some of our favorite projects to gain exposure are: Big Eyes Coin (BIG), Monero (XMR), and FTX Token (FTT), all of which are mentioned in this article. Read on to learn more about trading these cryptocurrencies and what sets them apart.
Monero (XMR) is an open source cryptocurrency launched in April 2014 and uses encryption to protect financial transactions. Users can protect their transactions and identities as senders and recipients with the help of unique features like Ring Signatures, Confidential Addresses, and Ring Confidential.
Everything you buy or sell is hidden from prying eyes, protecting your privacy. The user is effectively their “own bank” as no one else can see or influence their financial transactions. Proof of Work (PoW) is their consensus method and aims for a lot of decentralization, although it is a different form of decentralization than other cryptocurrencies.
Every time a user makes a purchase, a new hidden address is generated to guarantee their anonymity. The anonymity that Monero (XMR) offers is a major selling point contributing to its meteoric rise in popularity.
FTX Tab (FTT)
The FTX Token (FTT) is the currency of the FTX Exchange, a fast-growing centralized cryptocurrency exchange among the largest platforms for buying and selling cryptocurrencies around the world.
This marketplace offers state-of-the-art goods and services, including leveraged tokens and derivatives. Developers rely on the platform’s novel features such as options, derivatives, and leveraged tokens to distinguish it from similar platforms.
Many other types of financial assets, including fiat money deposits and withdrawals, are supported on this crypto platform.
State-of-the-art security mechanisms included in FTX Token (FTT) aim to protect users’ personal information and cryptocurrency holdings. Another benefit of this platform is that margin accounts are no longer required to trade Bitcoin futures or leveraged tokens.
Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is a DeFi meme coin developed on the Ethereum (ETH) network and emphasizes community and personality attraction to recruit and retain users.
The coin could be profitable in a prosperous economy due to its decentralized governance and low transaction costs. Therefore, the value of the token will increase and the potential of the community will expand due to the increase in regular trading and participation.
The BIG token economy is known as “cuteomics”. The Big Eyes Coin (BIG) ecosystem is based on the BIG token, which serves as a means of transaction and voting for the leadership of the network.
There will be 200 billion tokens available, with 70% (140 billion) available for purchase during public pre-sale and 20% (40 billion) reserved for token placement on multiple exchanges, according to their ‘cutenomics’.
Learn more about this new meme coin here.