As the price of necessities like gas and groceries surged, investors started to withdraw their money from speculative investments like cryptocurrencies. Despite the fact that the cryptocurrency market has come to be associated with volatility, experienced investors make sure to use tactical measures to guard against catastrophic losses to their portfolios.
Given the classic investment mantra “buy the dip,” investors may now be looking for a stake in the volatile cryptocurrency market in the hopes that this signals a short-term slump rather than a bear market that would last for years.
Here are some recommendations from experts on when to buy if you’re new to cryptocurrencies and are considering doing so. Three cryptocurrency projects with potential are Big Eyes Coin (BIG), Aave (AAVE), and Cardano (ADA). These projects have excellent fundamentals, respectable tokenomics, and a sizable user base.
Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is a crypto project that takes a community-first approach to ensuring users get access to DeFi services. It will simplify access to these services and also increase the liquidity of DeFi through its token.
Big Eyes was created to eliminate all the problems associated with using DeFi projects. The Big Eyes Coin (BIG) token, built on Ethereum (ETH), will go live on Uniswap (UNI), the main exchange that facilitates trades involving Ethereum smart contracts. The goal of Big Eyes Coin is to set itself apart from other community tokens and create a blockchain environment by using NFTs to give users access to more content and events.
By providing tools like Big Eyes Swap, back-end infrastructure, and interactive training, Big Eyes will assist more individuals in learning about the blockchain ecosystem and its numerous applications. The goal of the project is to depict the core qualities of cats, such as their speed, agility, longevity, and fascination with grooming (which represent self-improvement).
The DeFi cryptocurrency Aave is a new one. It is a decentralized lending protocol that enables users to lend or borrow cryptocurrencies and real-world assets (RWA) without using a centralized middleman. The market valuation of its AAVE token is higher than that of its competitors, Maker or Compound.
In the past, getting a loan involved going to a bank and offering collateral as payment for the loan. Following that, you pay the bank a monthly principal and interest payment. DeFi is special. There is no bank. Instead, smart contracts, which are computer programs that automate transactions, handle the labor-intensive activities. DeFi does away with middlemen in the trade of assets, futures contracts, and savings accounts.
Additionally, the entire peer-to-peer lending process is evaded by Aave in favor of what is essentially pool-to-peer lending. “Liquidity pools” are locations where users can deposit their digital assets to turn them into money that the protocol can lend out.
The recent approval of the launch of GHO, a decentralized, collateralized stablecoin, by the Aave community serves as more evidence of the importance of the community to the project’s progress.
Charles Hoskinson, who is also the co-founder of Ethereum, founded the blockchain project Cardano. According to ADA’s website, they are the only coin with a “scientific attitude and research-driven methodology.”
Despite how cryptos that have rocketed to prominence in the last couple of years have had chaotic growth trajectories, ADA is a bit of an outlier in the volatile world of cryptocurrencies and has stayed true to its mission, which is to “provide a more balanced and sustainable ecosystem” for cryptocurrencies.
Cardano (ADA) claims to be a first third-generation cryptocurrency and aspires to address scaling and infrastructure issues that were first experienced by both Ethereum, a second-generation cryptocurrency that expanded the use cases for coins to include smart contracts, and Bitcoin, a first-generation cryptocurrency that introduced the concept of digital coins.
Big Eyes Coin (BIG)