Blockchain-savvy developers are attempting to create all-encompassing NFT-based video games, or a “Metaverse,” using this technology because the NFT craze from earlier this year is still going strong. Users can trade digital assets that can be turned into cryptocurrencies here for blockchain-based deeds to such investments. We now examine a few of the early rivals in this industry, such as Big Eyes Coin (BIG), The Sandbox (SAND), and Monero (XMR).
Big Eyes (BIG)
Built on the Ethereum (ETH) network, Big Eyes Coin (BIG) is a DeFi meme token that focuses on the community and emphasizes charming attractiveness to draw in and keep users. Due to its flexible tax structure and lack of any taxes or fees for user transactions, the coin could make you a profit from a vibrant economy. As a result, regular trade and engagement will be encouraged, increasing the token’s value and fostering community growth.
Since the market for meme coins has collapsed, Big Eyes Coin (BIG), a cat-themed token, is out to change that. Since Dogecoin (DOGE) was introduced to the cryptocurrency market in 2013, meme coins have had a fascinating history. The market has, however, consistently come under fire. Some experts in the cryptocurrency space have criticized these tokens for their erratic conversion into vaporware and their limited utility.
Big Eyes Token is actively rebelling against the lack of utility among meme coins that Dogecoin influences with its broad range of services that were designed from the start (DOGE). These characteristics make the token’s deficit compared to DOGE and give the coin greater legitimacy in the eyes of those who may have previously had second thoughts about meme coins.
How To Buy Big Eyes Token (BIG)?
Big Eyes Token Coin has adopted a novel strategy, as opposed to other meme coins, by forgoing a presale entirely. Instead, all publicly accessible tokens will be made immediately accessible upon launch, which is anticipated to generate great enthusiasm among the meme coin community. Before buying BIG tokens, you must join the Big Eyes Token launch email list to receive updates on launch dates and new information. Check back frequently for updates as the official launch is predicted to be explosive!
What Does the Future Hold for Big Eyes?
A $1 million Beta sale was made by Big Eyes Coin (BIG), which has future intentions to raise $50 million. Thanks to a successful roadmap that projects 50,000 users and a $1 million commitment to ocean sanctuaries.
Big Eyes could become the next “Ethereum Killer” if it grows to the desired size. Due to its changes, delays, and fluctuating transaction fees, Ethereum (ETH) users are becoming increasingly dissatisfied. With Ethereum, significant scaling concerns exist (ETH). There is a backlog as more users register on the site, and more transactions need to be verified. Transactions are slow, aggravating users, especially if they are paying significant transaction costs.
The moment has come for a brand-new, lucrative coin to intervene and address these problems. Big Eyes Coin may surpass all other altcoins and assume the second position among cryptocurrencies because of its vibrant community, alluring brand image, and lack of transaction fees. Cats may be the crypto-future, so keep an eye out.
The Sandbox (SAND)
A decentralized, community-driven metaverse gaming platform called The Sandbox primarily allows players to create, own, and tokenize their gaming experiences. By enticing players—both those who possess cryptocurrencies and those who don’t—with various advantages, the project’s primary objective is to increase awareness of blockchain technology in the gaming industry.
Voxel Editor, Game Maker, and Marketplace, the platform’s three integrated products, enhance artists’ workflows and facilitate the production of user-generated content, claims the whitepaper. The newly generated content can also be video games, art exhibits, or dioramas. They can be given out to other players as well. The Sandbox’s NFT marketplace is another place where authors can monetize their works and make passive income.
How to buy The Sandbox (SAND)
SAND may be purchased on important trading platforms, including Gemini, Crypto.com, and Binance. Gemini and Crypto.com both offer top-notch apps for iOS and Android. You must register for an account on these exchanges if you want to trade Sand.
If you don’t have any immediate plans to trade your new tokens, it’s usually a good idea to withdraw them from the exchange. Even though an effective attack on a big exchange is improbable, the risk is eliminated when you have total control over your tokens. To protect its customers’ assets, Gemini and Crypto.com both keep user private keys in safe, cold-storage locations. Hardware wallets are the most secure solution, while software wallets can also be helpful and are frequently cost-free.
You must fund your exchange account with fiat money or a compatible cryptocurrency. Start a transfer from your associated bank account to make a USD deposit. You can trade using your deposit immediately on Gemini and Crypto.com, but you can’t move cryptocurrency off the site until your money has completely cleared, which typically takes 4-5 days. Find Sand on the market, make the necessary deposits, and place your order.
Is SAND a Good Investment?
SAND has experienced substantial upside and fall in its brief history, making it a high-risk investment. Investments made at the proper time could result in significant rewards for investors, given that institutions’ engagement in the metaverse is just boosting the hype surrounding it. However, Sand’s performance depends on how well the game does; if it cannot draw in enough paying players, the coin’s value may decline substantially.
But given its recent price change, this would be a great time to get The Sandbox. It is impossible to predict whether SAND or the cryptocurrency market as a whole has bottomed out yet. SAND will undoubtedly follow if the Bitcoin market starts to decline once more. On the other hand, SAND already has tremendous upside potential if the metaverse is even as significant as what Web3 people claim it to be.
Monero (XMR)
Monero (XMR), the peer-to-peer digital money that prioritizes privacy and seeks to be anonymous and untraceable A transaction on the Monero blockchain cannot be linked to a single user or real-world identity because of the fungibility of the coin. This phrase refers to a system of money in which every unit is interchangeable and identical to every other unit. Blockchain transaction analysis can distinguish between Bitcoin obtained from Coinbase and Bitcoin obtained from the darknet. In contrast, two independent Monero coins appear identical and cannot be distinguished.
The majority of users like Monero’s anonymity and privacy as it gives people the freedom to conduct bitcoin transactions anytime they want for any purpose without being concerned about being watched by the government, hackers, or other outside parties. Since XMR coins cannot be monitored, businesses cannot restrict them for supposed criminal ties.
Monero: Is it A Smart Investment?
If you’re interested in cryptocurrencies, Monero might be an exciting investment. Between August 26, 2020, and August 26, 2021, the currency’s value increased by more than 231%. It is also less expensive because you don’t require any specialized hardware to start. You may mine it using your computer’s CPU, and Monero works with all commonly used operating systems. The fees you avoid by doing this will be enormous. You can purchase Monero by using a digital or virtual currency exchange. Alternatively, you might search for a particular merchant or an ATM that accepts cryptocurrencies.
Bottom Line
New blood is desperately needed in the crypto sector. Thankfully with the arrival of Big Eyes (BIG), we can start seeing that. The smart platform has developed numerous incentives for its customers. These include NFT-related events, special clubs, and other benefits for users to hold and trade NFTs. Therefore, we believe Big Eyes (BIG) should be added to your watchlist.
The distinctive setting offered by The Sandbox (SAND) is unmatched by any other game. It shifts away from developer-focused content development by providing players and producers more control over the in-game metaverse, including financial engagement and ownership of the digital domain. The SAND token, a utility token that can be exchanged for other currencies, can be used to tokenize and trade every item in The Sandbox.
Monero (XMR) has gained notoriety as a cryptocurrency to watch, thanks to its robust privacy features. On trustworthy cryptocurrency exchanges like Kraken, Poloniex, and Bitfinex, investors can trade Monero (XMR). It’s important to remember, though, that what makes Monero so popular—specifically, its privacy features—can also lead to significant issues, such as its use in unlawful operations.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
