The cryptocurrency market is a highly competitive space, especially with new cryptocurrency projects appearing on the market daily, trying to get the attention of new users. Still, several projects in the cryptocurrency industry seem to be unstoppable, such as 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, looks ready to take over the market.
Bitcoin (BTC) – The Leader of the Pack
Bitcoin (BTC) was one of 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 each 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 additional Bitcoins to be added 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 produce the complementary number to the previous block.
The holder who solved the equation will be able to add to the blockchain and will be awarded one Bitcoin as a result. As more people started mining Bitcoin, the calculation became more difficult. As a result, people prefer to mine using smart computers as they are faster. However, these computers consume a lot of power, which is why Bitcoin has a high power consumption.
Chainlink (LINK) – Linking Cryptos Together
Chainlink (LINK) is a renowned open source and decentralized Oracle solution provider. Chainlink (LINK) is a platform built on top of Ethereum (ETH), ranked 22nd on CoinMarketCap. LINK is the native token of the protocol. It is used as a means of commerce, to pay transaction fees, and to compensate network operators.
Chainlink (LINK) is a unique protocol and one of the major crypto initiatives. It successfully combines non-blockchain technologies with popular blockchains. Basically, Chainlink (LINK) is the middleware that connects smart contracts with external data. This information may include soccer scores and stock prices. For the wire protocol to work properly, users must secure their assets. The network compensates for this service.
Chainlink (LINK) will do well in the coming weeks if the tokenomics remains strong and the utility does not fail. With around half of the total 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 investment in cryptocurrencies. Chainlink (LINK) network users have access to most major blockchain networks.
Introducing the Big Eyes Coin (BIG)
The new crypto token, Big Eyes Coin (BIG), aims to emerge as the most well-known meme coin when it launches later this year. The platform’s native token is BIG. These charities will donate a significant portion of the presale proceeds.
The Big Eyes Coin (BIG) team will finally add NFTs to the platform and try to rank in the top ten NFTs. By dedicating 5% of their funds to their ad 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 can exchange tokens for Big Eyes Coin.
Big Eyes Coin (BIG) is putting its community first by doing so. Additionally, the developers have committed to committing 80% of the currently used $200 billion tokens to circulate in the pre-sale event. These Tokens will be awarded at a rate of 5% to various charities. Analysts suggest that the pre-sale of the new coin was one of the strongest in the market, and investors were pleased with the results, especially since it has raised more than $3.5 million in its pre-sale alone.
They projected that the price of the coin would skyrocket in the days leading up to the end of the third presale. As a result, investors are eager to invest on the platform and see their wealth grow dramatically.
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