Bitcoin (BTC): The Trailblazer, The Trendsetter
- Rank: 1st
- Capitalization: $354.5 billion
- Price: $16890
- Volume: $26.6 billion
As we alluded to in the subtitle above, there would be no cryptocurrency industry today if it wasn’t for the advent of Bitcoin all those years ago. Bitcoin paved the way for tens of thousands of tokens and still dictates every move made by cryptocurrency users. Typically, financial experts look to Bitcoin’s performance before they make prognostications. Bitcoin’s journey began in earnest in 2008 when it was mentioned in a whitepaper written by Satoshi Nakamoto. Whether Nakamoto was working independently or with a group remains a mystery to this day. Even the moniker is a pseudonym, and Nakamoto’s real identity is still unknown. Bitcoin was launched in 2009, and nothing’s been the same since.
Fast forwarding almost fourteen years and nearly twenty-two thousand cryptocurrencies later, Bitcoin still ranks as the market leader. At the peak of its powers, a single BTC token sold for nearly $70,000. Bitcoin is a decentralized, peer-to-peer online currency. Decentralized means that the platform is not governed by third parties like banks or governments. Generally, if you conduct a transaction through your chosen commercial bank, you incur a fee, and the bank can access your details. If you use Bitcoin, intermediaries are not involved. Moreover, Bitcoin is a P2P token, which means every transaction is conducted between two parties who are a) equal and b) independent.
Solana (SOL): An Optimal, Open-Source Option
- Rank: 16th
- Capitalization: $7.27 billion
- Price: $13.6
- Volume: $285.4 million
Solana is an adaptable, open-source platform that implements the permissionless attribute of blockchain technology to provide decentralized finance services. The development of Solana began as early as 2017, although the project was finalized and released in 2020 by the Solana Foundation from their headquarters in Switzerland. The main reason for Solana’s existence is the creation of decentralized applications or dApps. The Solana protocol improves scalability by combining the existing proof-of-stake (PoS) protocol with the new proof-of-history (PoH) consensus mechanism.
The outcome of introducing this hybrid model is that Solana has attracted considerable interest from traders of all sizes. Solana Foundation’s ambition is to make DeFi available to the masses, and its unique hybrid mechanism has helped a lot. SOL was created by Anatoly Yakovenko, who has worked at Qualcomm and Dropbox in the past. Yakovenko partnered with a colleague from the former named Greg Fitzgerald and began working on an idea: Solana Labs. The Solana platform was made available for public consumption in 2020.
Big Eyes Coin (BIG): The Cat With Grandiose Ambitions
One might wonder what good will come from mentioning a new token in the same sentence as heavyweights like Bitcoin and Solana. However, the token we’ll cover next, Big Eyes Coin (BIG), is bound to be a success like its esteemed predecessors. BIG is a cat who wants to save the world’s oceans. Having nearly drowned in the ocean once, BIG is determined to preserve them now. A key attribute of the platform is its focus on decentralized finance. It is common knowledge that DeFi has grown dramatically in the last few years and will continue to rise in prominence as new tokens enter the market. How will DeFi help in the conservation of the oceans? A fixed percentage of each deal will be separated and stored in a charity wallet.
The pertinent information on the “cuteomics” of Big Eyes Coin is shared below:
- Total number of tokens: 200 billion
- Available at launch: 70% at presale and 20% on exchanges
- Marketing and Charity: 5% each
How to buy
Download MetaMask on your cell phones or laptops if you want to purchase BIG tokens. Users can use their bank cards or Ethereum tokens to complete the transaction.
For more information on Big Eyes (BIG), you can visit the following links:
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