As the crypto winter ravages, cryptocurrency market investors are moving to preserve their capital. Token prices are volatile, and there is a lot of uncertainty in the markets. As such, investors are trying to remove their liquidity so that they do not lose money while the crypto winter is happening.
There is a positive outlook for investors during this period as they can opt to purchase tokens as their prices are low and wait till their prices rebound. Purchasing tokens during a crypto winter is a smart but risky strategy.
Therefore, investors must level the playing field by conducting adequate research into the projects before purchasing. Additionally, research helps you to determine how well a project will perform and its potential.
What crypto tokens have the most prospects, and what tokens should you watch? Ethereum (ETH), Aave (AAVE), and Big Eyes Coin (BIG) are three crypto tokens investors should watch this crypto winter. The projects have strong use cases and a community that derives utility from the project. Here is a summary of each project.
Ethereum (ETH)
Vitalik Buterin conceived the Ethereum (ETH) blockchain in 2013 in a white paper he wrote and was launched in 2015 after raising $18 million through an ICO in 2014. The blockchain was designed to be a platform for other cryptocurrency projects. In addition, the Ethereum blockchain would be able to run smart contracts programmed with Solidity.
Ethereum aims to become a universal platform for decentralized applications, allowing builders to build and create any crypto project with minimal friction. Its selling point is that it would be resistant to fraud, censorship, and zero downtime as a fully decentralized blockchain.
ETH is the native currency of the Ethereum blockchain. It allows users and builders to transact seamlessly on the platform while paying gas fees per transaction. It has to be noted that the Ethereum blockchain has the most decentralized applications built on it, with most of the most active crypto projects built atop the blockchain. Ethereum is able to host other crypto projects using its various token standards: ERC-20, ERC-721, ERC-223, and ERC-777.
Aave (AAVE)
Aave (AAVE) is a decentralized exchange DEX for borrowing and lending crypto assets. Users can borrow tokens on the protocol by depositing collateral and paying fees to access liquidity pools. Additionally, Aave gives users access to diverse crypto tokens as it is a multi-chain protocol.
Furthermore, the protocol uses an Automated Market Maker to allow users to borrow or lend tokens in liquidity pools controlled by smart contracts. Users who fund these pools by depositing tokens are called liquidity providers. They deposit tokens in exchange for a share of the pool’s fees.
AAVE is the protocol’s governance token. Token holders have the right to vote on and propose changes to the protocol. The Aave DAO is in charge of executing all proposals that token holders have approved. In addition, borrowers on the Aave protocol can use AAVE to reduce borrowing fees from liquidity pools.
Big Eyes Coin (BIG)
Big Eyes (BIG) is a community token that aims to inject liquidity into the DEFI and NFT ecosystems. It would allow token holders to access both ecosystems by improving access and user flexibility.
Big Eyes is a community-driven project whose tokens would be fully held by its users. At launch, 90% of the token would be available for users, using a deflationary model to keep prices stable. Additionally, it would have NFT events where community members could participate and purchase various NFTs, including the top 10 NFTs in its ecosystem.
The BIG tokens are the center of this project, and you can become an early investor by purchasing some tokens at their ongoing pre-sale. To be a part of this project, investors should join the ongoing pre-sale and start stacking tokens. Remember that you can earn various bonuses, and bonuses can stack.
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