scorecardresearchPessimism surrounds TRON, as investors identify Big Eyes Coin to be a better buy

Pessimism surrounds TRON, as investors identify Big Eyes Coin to be a better buy

Updated: 27 Dec 2022, 07:58 PM IST
TL;DR.
  • Many have chosen Tron (TRX) as the coin to go, while Big Eyes (BIG) have received huge reception.
Many have chosen Tron (TRX) as the coin to go, while Big Eyes (BIG) have received huge reception.

Many have chosen Tron (TRX) as the coin to go, while Big Eyes (BIG) have received huge reception.

(ANI/ATK): It's not common to see crypto investors opt for a new coin over a prominent existing cryptocurrency, but that is true with TRON (TRX) and Big Eyes Coin (BIG). Many crypto enthusiasts are doing away with Tron (TRX) in their portfolio, and Big Eyes Coin (BIG) has been the most adopted replacement. This holiday season is the best time to review your crypto holdings to remove and purchase some crypto assets. Many have chosen Tron (TRX) as the coin to go, while Big Eyes (BIG) have received huge reception.

Why Many Are Pessimistic About Tron (TRX)

When Tron (TRX) launched in 2017, many crypto enthusiasts envisaged it would be as successful as Ethereum (ETH). It was received with a warm reception, and the adoption rate at its early stage was high. The decentralized operating system was initially functioning on the Ethereum network before moving to its network about a year later.

The crypto project's initial aim was to help digital creators gain full rights to their creations, earn more rewards, and eliminate third-party intervention. The operating system became an open-source platform that supports smart contracts execution and dApp building using the proof-of-stake algorithm consensus.

Tron provides users with a decentralized internet and enables developers to build digital infrastructures seamlessly. The platform's utility increased as its market stayed progressed. Its functionality cuts across file sharing, token creation for content creators, incentivizing content creation, dApp building, decentralization of the gaming industry, and entertainment.

Despite this much utility and functionality, Tronix (TRX), the project's native currency, has failed to perform impressively in the coin market. The cryptocurrency is yet to hit $0.5 since its five year of launch, causing many to start doubting its potential. Long-term holders have questioned the profitability of the cryptocurrency since purchasing, and many believe it's time to move on from the project.

While Tron (TRX) may still experience a significant increase soon, it's understandable that crypto investors are looking toward crypto assets that can yield good returns months from now rather than waiting indefinitely on the cryptocurrency to come good.

Big Eyes Coin (BIG): The Next Meme Coin to Boom

Crypto enthusiasts have identified Big Eyes (BIG) as one of the best buys around this period. The community-focused meme coin has shown massive potential on presale, and it's likely to have a good market run when it launches. Big Eyes Coin (BIG) will enter the crypto market as a unique cat token with NFTs application and utility in the DeFi ecosystem.

It aims to make DeFi accessibility easier for individuals. This will improve DeFi adoption and increase wealth circulation in the ecosystem. The crypto project's ecosystem participants and community members will benefit from the improved wealth in the DeFi ecosystem via Big Eyes. Big Eyes aims to bring financial stability and growth opportunities and leverage NFTs to achieve this objective.

Big Eyes presale will have about 80 per cent of the token's total supply, while the rest will go to marketing, charity, and exchange. Exchange on Big Eyes will occur in its swap, and the transaction will be facilitated with its native token, BIG. The Erc-20 token will also be the payment medium in the Big Eyes marketplace, where digital collectibles are traded.

Charity will take 5 per cent of Big Eyes' total supply. Foundations actively involved in Ocean protection programs to preserve aquatic lives will be eligible for funding, but the project could later extend it to their charities like free education. Big Eyes' marketing wallet equally takes 5 per cent, and developers have used it judiciously to improve the new cryptocurrency's popularity and adoption.

Crypto investors and analysts may be right about the Big Eyes token (BIG), as the coming months look favourable for the meme coin.

 

Article
Source: CoinSwitch (Year-end report on cryptocurrencies)
First Published: 27 Dec 2022, 07:58 PM IST