Back to the Future: Has Blockchain Technology Always Been a Dead Cat Bounce or the Market Wide-Eyed, and Solana Wins?
What is happening to the crypto market right now must be shocking to many who have stumbled across this article, confused and afraid of what the future holds. The current trajectory is by no means dire, leaving little room for hope and positive sentiment even among the most savvy crypto enthusiasts. The Terra debacle, followed by the collapse of FTX, is the biggest challenge the market has ever faced.
However, this doesn’t mean crypto is going anywhere anytime soon. You see, the market, like history, tends to rhyme with each of the cycles. This means that something similar has happened before, enabling us to predict the future with some degree of certainty. Join me in today’s editorial as we consider what to expect and why there is light even in the darkest hour of winter for Big Eyes Coin and Solana. Let’s dig in.
Crypto’s Nexus Event
Instead of focusing on what caused both crypto disasters, I would like to look at what happened during similar events in history to see if there is a pattern. In 2020, the crypto crash wiped out more than 50% of Bitcoin’s price, plunging to $3,596. In comparison, the 2018 crash, facilitated by the idea of ICOs, only dragged the slowly booming market into the pit, with Bitcoin’s price traveling south to $500 – the point. Each time cycle put a lot of pressure on society’s shoulders, but regardless of the circumstances, it returned more important than ever. Why? Because that’s how the market works, and in tough times like this, most people can reap hefty returns; you just have to know where to look.
Big Eyes Coin: Cuteness That Saves The World
During the crypto winter, you may want to consider coins that have not yet hit the market and are going through the presale. One such is Big Eyes Coin, which has swept society away with its unique aesthetic outlook and value proposition. For starters, it’s unlike any other token on the market that has made it into the big leagues, and with Big Eyes Coin having raised more than $10 million in the pre-sale game, this should be a no-brainer. The community deserves special praise for sticking with the project through thick and thin, an important feature for any meme token.
However, it does not stop there and delivers several useful features that are not yet found among similar coins. For example, the Big Eyes NFT marketplace would be a perfect start for this project to gain traction after launch. A special tax has been implemented on each subsequent sale of an NFT, with 4% going to the original seller. Meanwhile, 5% is distributed among the holders of the platform’s original token, BIG. By doing this, holders will be incentivized to engage in secondary markets, while maintaining BIG’s liquidity. If you feel this project resonates with you, here is a promo code BIGPRIZE25 to win free tokens when you buy BIG. But always remember to do your own research.
Also check out this video to learn more about the project:
Solana: Ethereum’s killer
We forget the Solana project with all eyes on Ethereum after the ban or tornado cash software and FTX after SBF filed for bankruptcy. On many fronts, it offers a superior alternative to Ethereum. It is significantly faster, has low transactions and leaves a much smaller carbon footprint than its close competitor. The only downside it has, ironically coinciding with why the network’s speed is a massive part of its USP, is its centralization.
However, it is very important how you understand it in the context of a question asked. Since there are only 23 validators in place for the Solana blockchain, the network can be restarted very quickly, giving Solana much more maneuverability when responding to various contingencies. Consider this the next time you hear criticism of the Solana blockchain.
Looking forward:
Although no one is blessed with serendipity, we can still speculate and ponder. According to many accounts, this cycle, despite its ongoing nature, will end, leaving some disaffected while others rejoiced in joy. Make your moves wisely, think twice before you do anything and happy trading!
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 Bitcoinists. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.
