The cryptocurrency market has a wide range of projects that enrich the world with innovation and value. One such group is meme tokens, a fast-growing cryptocurrency concept. From DogeCoin (DOGE) to the new cryptocurrency, Big Eyes Coin (BIG), this niche has grown in popularity over time.
However, to build a strong crypto portfolio, you must hold cryptocurrencies with the potential to yield high profits. In this article, we discuss Big Eyes Coin (BIG), Dogecoin (DOGE), and Chainlink (LINK), three potentially profitable cryptocurrencies that every crypto trader should hold.
Dogecoin: Meme Coin with a Wide Online Following
A meme cryptocurrency needs to generate significant buzz and hype to be profitable to holders. In light of this, Dogecoin (DOGE) is a cryptocurrency to keep an eye on, given its enormous online following.
Dogecoin was launched in 2013 as a meme to the rise of Bitcoin (BTC), making it one of the most established tokens in the cryptocurrency market. However, the project shot to prominence in early 2021, when billionaire, entrepreneur and Tesla CEO Elon Musk tweeted his support for Dogecoin. As a result, Dogecoin experienced an exceptional run, reaching an all-time high of $0.74 later that year. This indicated that Dogecoin has appreciated by over 370,000% since its price in 2013.
Being a community-driven cryptocurrency, Dogecoin was used to reward social media users for creating and sharing good content. Furthermore, many e-commerce stores have approved it as an acceptable payment medium. At the time of writing, Dogecoin is trading over 65% below its all-time high. This makes it an extremely enticing entry point for individuals wishing to join the Dogecoin bandwagon.
Chainlink: Top Tier Oracle Network
Chainlink (LINK) is a blockchain oracle network that connects real-world data and services to blockchain networks using smart contracts. In addition, it has a sustainable crypto asset, LINK, that provides governance and utility within the network.
Blockchain technology is a broad field with many advantages, including decentralization, cutting-edge security, and improved financial services. However, it also has many shortcomings. Among them is interoperability with real-world apps, services and data. However, Chainlink (LINK) aims to address this flaw.
In February 2022, the Chainlink (LINK) development team announced the ongoing development of its Verifiable Random Function (VRF) 2.0. Chainlink’s VRF is a fair and verifiable random number generator (RNG) that enables smart contracts to access random values without sacrificing security or usability.
Once the VRF 2.0 update goes live, users can execute transactions with minimal gas fees using hybrid smart contracts. According to Chainlink’s CEO, Sergey Nazarov, the new update will support the Ethereum blockchain and other blockchains.
The new update will also support use cases that will empower creators. For instance, the Fair NFT Minting feature will offer every user an opportunity to mint a unique NFT with exponential growth potential. Furthermore, the new version will allow users to play unbiased and tamper-free games.
Given Chainlink’s (LINK) established use cases and the imminent arrival of its VRF 2.0, the project and its native token, LINK, hold enormous profit potential for LINK holders. At the time of writing, it has a market cap of over $3.7 billion and ranks just outside the top 20 cryptos in the cryptocurrency market.
Big Eyes Coin: The Meme Industry’s New Gold
Big Eyes Coin (BIG) is an emerging crypto project. The project comes as a community-driven meme token that uses its cute cat theme to attract user attention. The new cryptocurrency will leverage advanced features, including DeFi and NFTs, to grow its market value and ecosystem.
Big Eyes Coin aspires to gain the adoption that famous meme crypto projects DogeCoin (DOGE) and Shiba Inu (SHIB) have received. These digital assets have dominated the meme token industry and cryptocurrency market while significantly contributing to the cryptocurrency community.
However, like the entire coin market, the projects’ values have declined due to the recent crypto collapse and are currently trading at a loss. This volatility is causing crypto traders to move on to other intriguing tokens, such as Big Eyes Coin. Currently, at its pre-sales third stage, Big Eyes Coin has raised over $4 million and is rapidly inching towards the $4.5 million mark. As a result, BIG could be a worthy catch if you want to invest in a profitable meme token.
Final Thoughts
While the established altcoin, Chainlink (LINK), is generating intense buzz due to its use cases and upcoming upgrade, meme tokens are an increasingly interesting concept. The new cryptocurrency, Big Eyes (BIG), is exciting crypto enthusiasts due to its underlying project’s DeFi and NFT capabilities.
The best news is that community members will trade BIG on the network tax-free after its launch. However, the developers are also developing a dynamic and robust system to ensure the project’s sustainability.
To learn more about Big Eyes (BIG), click the links below.
Pre-sale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Twitter: https://twitter.com/BigEyesCoin
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