Big Eyes (BIG) is currently on pre-sale, yet its early buy opportunities prop the altcoin up for huge success.
Although Bitcoin (BTC) controls over a quarter of the entire cryptocurrency market, many altcoins have also been very successful.
Altcoins are every cryptocurrency aside Bitcoin (BTC). Thus, this article discusses the altcoins Big Eyes (BIG), Ethereum (ETH), and Polkadot (DOT). While the successes of Ethereum (ETH) and Polkadot (DOT) are well documented, Big Eyes (BIG) is a new cryptocurrency with greater profitability potential.
However, can it follow the success of Ethereum (ETH) and Polkadot (DOT) to become the next big cryptocurrency? Let’s briefly explore the features of these three cryptos to find out.
Ethereum: Improving Decentralized Applications
The Ethereum (ETH) network offers scalability solutions to increase its usage among cryptocurrency users. The Ethereum blockchain has been well recognized for supporting various cryptocurrency projects, including NFTs and DeFi.
As recent as September 2022, the Ethereum blockchain completed its upgrade, the Ethereum Merge, transitioning it from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism.
The new Proof-of-stake (PoS) network will significantly deplete the energy used by the Ethereum blockchain by 99.9%. This upgrade has been predicted to cause increased user adoption and a massive price surge of the ETH token.
Polkadot: One Network to Connect All Blockchains
Polkadot (DOT) is a connecting crypto platform for incompatible blockchains. The platform allows users to communicate and transfer information among various blockchain networks. Polkadot (DOT) is also geared toward offering users a fully decentralized system where they are in control.
The native cryptocurrency of the Polkadot blockchain is known as DOT. DOT is a utility token that rewards validators for staking on the network. The DOT token is also used to pay transaction fees and as a settlement between users.
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