With the last quarter of the year of the financial year coming up, analysts are recommending a reassessment of the portfolio. The market is also brimming with analyses of the performance of crypto markets throughout the year so far. This could be the right opportunity to participate in the research and implement crypto knowledge for the best financial gains.
With the ongoing inflation, the market is predicted to exhibit a range of fluctuations which could be mastered with some precautionary investments. Here are some tokens that have the potential to secure a portfolio and provide immunity against market oscillations.
Big Eyes (BIG) recently launched as a meme token in the market. It is a community-owned DeFi cryptocurrency with a rich narrative to back its presence in the crypto market. The cryptocurrency has a lot to communicate with the investors and for the same, it has identified the need for robust marketing and kept 5% of its token supply exclusively for world-class marketing of Big eyes. The aim is to reach a wider audience and encourage them to invest in Big Eyes (BIG) which promises to give back to the community in charitable and profitable ways.
The cryptocurrency has a crafty marketing team that has identified the scalability of the influencer economy and plans on incorporating it for the success of Big Eyes (BIG). The aim is to be the most popular crypto meme with a purpose. The whitepaper lays out how this cryptocurrency will aim to create a ‘massive’ influencer economy by the time it is in the third stage of functioning. This active marketing strategy can also be seen as proof of its validity in a market that is brimming with rug pulls.
It has come across as a well-rounded cryptocurrency as the token is also participating in the philanthropic arena to create a positive impact. The organisation has promised to hold 5% of its tokens to be donated to charities that work towards preserving the oceans. With an articulate roadmap anticipating 50,000 users and a $1 million donation to ocean sanctuaries, this crypto token is here to stay.
The token has learned from the mistakes of big crypto players and incorporated features to ensure easy access to investors. For instance, Ethereum (ETH) has widely been scrutinised for its high transaction fees. On the other hand, Big Eyes (BIG) has ensured no buy tax or sell tax or transaction fees in an attempt to take care of its community.
Big Eyes (BIG) is on its approach to becoming the next major cryptocurrency to take the market by storm, and this is just the beginning, as seen by the said crypto having one of the most thrilling Beta sales witnessed in years! Big Eyes is demonstrating that it is a currency worth paying attention to with the rest of its presale remaining to go.
At launch, 90% of the 200 billion Big Eyes tokens were for sale. In a stellar presale performance, Big Eyes (BIG) managed to raise $1 million already. The organisation has also openly declared that it intends on raising $50 million in the long run. It is an ambitious plan but the recent sales statistics of Big Eyes (BIG) make it seem like an achievable dream. It is interesting to note that this massive sale happened for Big Eyes (BIG) in the midst of the crypto market going through an overall dip. The token has evidently managed to gain the trust of analysts and investors alike.
Although it is fresh in the market, Big Eyes (BIG) has exhibited a top-notch performance and if it stays consistent with its sales, analysts have predicted for it to make its name in the top 10 cryptos amongst the likes of Solana (SOL) and Ethereum (ETH).
The SEC claims that by selling XRP, Ripple engaged in an illegal securities offering. As opposed to an investment contract like a stock, Ripple contends that XRP should be viewed as a digital currency. This has become a widely discussed lawsuit and since it is still in the works, analysts have a lot to say about how it might impact XRP. Despite sounding like bad news for Ripple, the crypto optimists are siding with Ripple in its claim to be treated like an independent virtual currency. This lawsuit has created a huge discourse for the decentralisation of investments and this has managed to restore faith in Ripple’s cause.
Ripple is the market leader in enterprise blockchain solutions and differs slightly from its rivals. Ripple targets institutions rather than retail customers. Back in July, XRP showed a hike in its value by 15% but over the past week, the value dropped by nearly 8% at press time with some increment within the last 24 hours.
Before the trading session’s end on Friday, XRP recorded a substantial amount of whale activity. The statistics reveal that the token experienced 452 whale transactions, or those worth $100,000 or more. This has been the highest record for XRP since May.
Notably, whale addresses holding between 10,000 and 10,000,000 XRP coins have steadily expanded their XRP holdings over the past six months. This is even though the XRP price has been falling since November 2021 and is currently trading at its level from February 2021. This consistency of faith amongst the investors has created a space for XRP’s bullish run. Owing to this prediction, one may want to lock down their investment in XRP for long-term gains.
Given that Avalanche is a well-known blockchain platform created to rival Ethereum, it presents an intriguing investment opportunity for both short-term and long-term traders. AVAX is the native token of the Avalanche blockchain. The token is used to speed up transactions on the blockchain, cover transaction costs, and safeguard transactions.
The majority of Avalanche’s novel features are supported by smart contracts, just like Ethereum. It can, however, handle transactions more quickly. Avalanche can handle around 4,500 transactions per second, according to reports.
Since reaching its all-time high of $146 on November 21, 2021, AVAX has lost about 80% of its value. However, the token is set to make a huge comeback if the present boom in cryptocurrency markets continues. The Avalanche token’s price trends suggest that this cryptocurrency will probably cross the $25 threshold in August. Once the present negative trend is over, investors may come back to the cryptocurrency markets, which might lead to further recovery. At the press time, AVAX is valued at $23.32 with a market capitalisation of $6.64 billion.
It is highly advised to be aware of market trends, personal financial goals, and the position of your portfolio before locking down investments in the crypto space. With options like Big Eyes (BIG), Ripple (XRP), and Avalanche (AVAX), one can build a portfolio that is secure and profitable in both the short and long term. It might provide one with the right kind of fintech diversity that is essential in this day and age to navigate the space of crypto investments.
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