This year witnessed the birth of hundreds, if not thousands, of new cryptocurrencies with much fanfare. However, 3 tokens have caught our attention. They have had a successful presale and attracted millions of dollars at this stage. Let’s find out if any of them have the potential to become the next 1,000x token.
Big Eyes (BIG)
Big Eyes is a meme coin with no real utility or pegging to a physical asset. So, its value is entirely driven by popularity and speculation. However, Big Eyes could be relevant to some groups. Big Eyes claims to charge $0 in transaction fees, and still execute transactions swiftly. For developers, these two benefits of Big Eyes could be a gamechanger. However, without transaction fees, it’s difficult to see how Big Eyes will sustain in the long run. Nevertheless, Big Eyes has attracted millions of dollars in presale, so there’s no denying its popularity now.
All said and done, Big Eyes happens to be just a meme coin. And, we’ve seen what happens to meme coins. We’re looking at you, Dogecoin. So, we’re not so keen on investing in any meme coins, Big Eyes or others.
Hideaways (HDWY)
Hideaways (HDWY) is a new blockchain that’s tokenizing the world’s $230 trillion real estate industry. Holders of Hideaways token not only get to invest in real estate projects worldwide but also enjoy passive income generated by renting out of those properties. The good thing about Hideaways is that its platform is independently audited by SolidProof. The bad news, however, is that Hideaways enforces a 999-year liquidity lock-in on the platform. While the lock-in does offer some stability in the value of Hideaways token, it hinders the ability of users to withdraw their funds in the event of a real estate market crash, like in 2008.
Hideaways recently had a presale. Although the market capitalization of the token is relatively small, the founders hope to change that soon. But, we strongly recommend crypto users to wait and watch Hideaways token’s performance for at least 6 months before investing in it.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is potentially the biggest crypto launch of 2023. Snowfall Protocol is an ambitious project that intends to connect multiple blockchains with each other. Soon, crypto users would be able to use Snowfall Protocol (SNW) to transfer their assets and funds between different crypto platforms. For instance, Snowfall can make it possible to buy an NFT character on OpenSea and use it to play on Decentraland, or win NFTs on Decentraland and sell them on NFT marketplaces elsewhere. The potential is limitless.
Snowfall Protocol (SNW) goes the extra mile and offers its users innovative financial products, including staking and yielding opportunities. Snowfall users have been known to receive up to 365% APY interest on their yielded funds.
Considering the utility of Snowfall Protocol (SNW), industry observers are remarking that the token will likely grow by 5,000% even in the second quarter of next year. So, Snowfall Protocol (SNW) is our “Buy” recommendation for this Black Friday.
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
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