Ethereum, Aave and Big Eyes Coin: Three Crypto Tokens to have This Crypto Winter
As the crypto winter rages, investors in the cryptocurrency market are moving to preserve their capital. Token prices are volatile and there is a lot of uncertainty in the markets. As such, investors are trying to remove their liquidity so that they don’t lose money while the crypto winter is going on.
There is a positive outlook for investors during this period as they can choose to buy tokens since their prices are low and wait for prices to recover. Buying tokens during a crypto winter is a smart but risky strategy.
Therefore, investors must level the playing field by conducting adequate research on the projects before buying. In addition, research helps you determine how well a project will work and its potential.
Which crypto tokens have the most prospects and which tokens should you watch? Ethereum (ETH), Aave (AAVE) and Big Eyes Coin (BIG) are three crypto tokens investors should watch this crypto winter. The projects have strong use cases and a community that benefits from the project. Here is a summary of each project.
Ethereum (ETH)
Vitalik Buterin conceived the Ethereum (ETH) blockchain in 2013 in a white paper he wrote and launched in 2015 after raising $18 million through an ICO in 2014. The blockchain was designed to be a platform for other cryptocurrency projects. In addition, the Ethereum blockchain will be able to run smart contracts programmed with Solidity.
Ethereum aims to become a universal platform for decentralized applications, allowing developers to build and create any crypto project with minimal friction. Its selling point is that it would be resistant to fraud, censorship and zero downtime as a fully decentralized blockchain.
ETH is the native currency of the Ethereum blockchain. It allows users and builders to trade seamlessly on the platform while paying gas fees per transaction. It should be noted that the Ethereum blockchain has the most decentralized applications built on it, with most of the most active crypto projects built on top of the blockchain. Ethereum is able to host other crypto projects using its various token standards: ERC-20, ERC-721, ERC-223 and ERC-777.
Aave (AAVE)
Aave (AAVE) is a decentralized exchange DEX for borrowing and lending crypto assets. Users can borrow tokens on the protocol by depositing collateral and paying fees to access liquidity pools. In addition, Aave gives users access to various crypto-tokens as it is a multi-chain protocol.
Furthermore, the protocol uses an Automated Market Maker to allow users to borrow or lend tokens in liquidity pools controlled by smart contracts. Users who fund these pools by depositing tokens are called liquidity providers. They deposit tokens in exchange for a share of the pool’s fees.
AAVE is the protocol’s management token. Token holders have the right to vote and propose changes to the protocol. Aave DAO is responsible for implementing all proposals that token holders have approved. In addition, borrowers on the Aave protocol can use AAVE to reduce loan fees from liquidity pools.
Big Eyes Coin (BIG)
Big Eyes (BIG) is a community token that aims to inject liquidity into the DEFI and NFT ecosystems. It will allow token holders to access both ecosystems by improving access and user flexibility.
Big Eyes is a community driven project whose tokens will be fully held by the users. At launch, 90% of the token will be available to users, using a deflationary model to keep prices stable. In addition, it will have NFT events where community members can participate and buy various NFTs, including the top 10 NFTs in the ecosystem.
The BIG tokens are at the center of this project and you can become an early investor by buying some tokens on their ongoing presale. To be a part of this project, investors should join the ongoing presale and start stacking tokens. Remember that you can earn different bonuses, and bonuses can be stacked.
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