Financial markets move in cycles of highs and lows. In the crypto market, periods of record highs are called bull runs, and periods of lows are called bear runs. 2022 has been a slow trickle in the bear cycle as tokens have only grown by a little.
However, there is hope that 2023 would bring with it a bull cycle with record profit across the crypto market. With an endless selection of cryptocurrencies to invest in, here are three great crypto projects that could turn a profit in the next bull run.
Big Eyes Coin Is the Meme Coin Of Tomorrow
For users looking for a fun and immersive DeFi project, Big Eyes Coin (BIG) is the ideal meme coin project to get started with. It is a recent project and has a low market cap which could rise exponentially shortly, creating thousands of dollars in profit for early users.
Big Eyes Coin is a remarkable meme coin that offers great profit opportunities through its diverse DeFi services that include a DEX platform, an NFT collection, and a marketplace. The project has also shown great interest in giving back to the community through its ocean conservation charity efforts which would see 5% of the coin’s total supply go to securing the fish and preserving a great food source for the future. Big Eyes Coin is a highly secure project running on Ethereum and audited by Solidity Finance and Coin Sniper. The team is perpetually committed to the project’s growth and community development. Use the promotional code SUSHI982 to get BIG for a discounted price.
Internet Computer Is Providing Benefits Associated With Decentralized Cloud Storage
Cloud computing has remained highly decentralized since the dawn of the internet, remaining under the control of web giants like Google, Apple, and Amazon. The shortcomings of these firms in securing user information as well as keeping users anonymous have created the need for a more secure and decentralized solution.
Internet Computer (ICP) offers a great solution as it is a decentralized protocol that offers tools for developers to create websites, internet services, and DeFi applications powered by Blockchain technology. Launched by DFINITY, Internet Computer intends to eliminate the centralized cloud computing authorities, establishing itself as a safer, more efficient, more reliable, and decentralized option. The ICP token is used within the protocol to maintain governance, trade, pay gas fees, and gain access to cloud services on the protocol.
Ethereum: What the New Proof-of-Stake Transition Means
Ethereum (ETH) has made a record as the biggest DeFi protocol and ecosystem in the crypto space, catering to a host of side chains, DeFi apps, metaverses, NFT projects, Crypto altcoins, exchange platforms, and marketplaces. For the longest time, it has been secured by the proof of work consensus mechanism which involves numerous miners using high-grade computing equipment to solve complicated math problems for a chance to validate transactions and earn a commission in ETH.
However, Ethereum realized the environmental hazard of using high energy-consuming equipment, as well as the efficiency of switching to a more conservative consensus method. Thus, the plan to migrate Ethereum from proof of work to proof of stake started, and it finally happened in 2022. What does this mean for Ethereum? Well, for one, Ethereum would now become more scalable and interoperable, being able to process hundreds of thousands of transactions without protocol drawbacks. It would also serve as its scaling solution, avoiding reliance on sidechains.
This is good news as now, even more users would troop to the Ethereum network, increasing adoption and driving up the price. Conclusively, users looking to better position themselves for profit-making in the next bull run have great opportunities when they choose projects like Big Eyes Coin (BIG), Internet Computer Protocol (ICP), and Ethereum (ETH), as these projects have huge potential soon.
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