There has been a bearish run in the cryptocurrency industry for over seven months, and investors and holders of tokens are still feeling its impact. The crypto market crash has hit every sector, even the seemingly immune NFT trade, as token prices continue to fluctuate near record lows.
ApeCoin (APE) and similar projects suffered the most as whales dumped their NFT holdings on the market. Solana (SOL) is more fortunate than other projects, but that doesn’t mean they don’t have difficulties.
The focus of the newly released meme coin Big Eyes Coin (BIG) will be on NFT trading. In light of the recent developments in the market environment, the article examines these NFT projects and provides a concise review of their present positions.
ApeCoin (APE)
The ApeCoin (APE) ecosystem is a distributed system based on the Ethereum blockchain and smart contract platform. It is a community-based ecosystem to improve culture and ease its incorporation into the metaverse. The metaverse aims to encompass all forms of creativity, recreation, and enjoyment.
The APE native token is the backbone of ApeCoin’s decentralized governance. ApeCoin backs the Decentralized Autonomous Organization (DAO). The DAO is the ecosystem’s governing body; it casts votes, makes suggestions, and holds discussions on the system’s growth and expansion. The network is exclusive to ApeCoin (APE) holders.
Solana (SOL)
Solana (SOL) is one of the most dynamic tokens in the cryptocurrency market since it can be used to purchase traditional goods and various non-fungible token (NFT) services. The inexpensive gas fee is a bonus, but the variety of features draws in many customers.
The Solana (SOL) network uses a protocol developed using proof-of-stake and proof-of-history techniques. The hybrid protocol helps the network function more smoothly by decreasing the amount of power it needs to function, which shortens the time it takes to process transactions and lowers the fees associated with doing so. When coupled with a well-designed blockchain, the protocols ensure the safety of assets and allow for rapid processing times.
Smart contracts are another way the Solana (SOL) network improves users’ experience. Smart contracts have many applications, including the automation of network operations and the protection of user-held assets such as NFTs.
Big Eyes Coin (BIG)
If you are looking for an innovative approach to NFT trade issues, the Big Eyes (BIG) project is an excellent option to consider. Although it is a memecoin, the standards it sets are intended to allow it to compete with leading NFT projects when its marketplace goes live.
The Sushi Crew NFT club is at the heart of the new Big Eyes Coin (BIG) project, whose creators aim to broaden the use of NFTs. Each club member can make their own personalized NFT, which they may then trade, sell, or keep in a vault.
The creators of Big Eyes (BIG) have also created NFTs that may be sold to users as soon as Sushi Crew is live. Users can conduct NFT business without worrying about the high gas prices connected with trading on the Ethereum blockchain when using Sushi Crew, which is a huge advantage.
Big Eyes’ (BIG) post-launch performance depends on the NFT club, but the creators are still ironing out the details. The cryptocurrency is now available on some crypto charts, including CoinDex and Coincheckup. Experts have audited the smart contracts to ensure they are ready for public use. Big Eyes Coin (BIG) will soon be available on a decentralized exchange for trade, as its developers plan to have it released there.
The release of Big Eyes (BIG), the next popular memecoin, is imminent. You can still join the project at a discount by participating in the presale.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
You can get 50% bonus tokens with your Big Eyes purchase. Just use the code BLACKFRIDAY50
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
