All around the cryptocurrency industry, the bear market’s effects on the world’s largest cryptocurrencies by market cap are common knowledge. It is no exaggeration to say that the largest cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH), have been the biggest losers in the current climate. Since the summer when the bear market began, Ethereum (ETH) has fallen past $1000 on so many occasions it has become hard to keep track. It is a situation that forces crypto investors to consider other cryptocurrencies that are less affected by the bear market in order to go about their day-to-day activities.
Going forward, it has become evident that crypto investors would need to seek out suitable alternatives to Ethereum (ETH). In this piece, we discuss two cryptocurrencies that could be just that. Here’s why you should consider Solana (SOL) and Big Eyes Coin (BIG) as alternatives to Ethereum (ETH) in the ongoing bear market.
The Golden Era Arrives – Ethereum (ETH)
Ethereum (ETH) is a popular decentralized open-source blockchain system within the cryptocurrency industry. It is notable for functioning as an ideal environment for numerous other cryptocurrencies and for executing decentralized smart contracts. Its native cryptocurrency, ETH, is the second largest cryptocurrency by market cap. It is responsible for facilitating several crypto-related operations within Ethereum, such as network governance, payments fees, user interaction and smart contract integration.
Within the cryptocurrency industry, Ethereum (ETH) is renowned as the primary platform for decentralized applications (dApps). It supports all kinds of dApps and smart contracts and makes it possible for developers to write and run software that is resistant to censorship, downtime and fraud. Its native cryptocurrency, ETH, is a highly sought-after cryptocurrency within the industry available on prominent crypto platforms, such as Binance, Coinbase Pro, OKEx, Kraken and Huobi Global.
The Sun Shines For All – Solana (SOL)
Solana (SOL) is a notable open source project within the cryptocurrency industry that provides decentralized finance (De-Fi) solutions and services. Solana (SOL) achieves this by utilizing blockchain technology and its permissionless nature. Its native cryptocurrency, SOL, is one of the most popular cryptocurrencies by market cap and is a top ten cryptocurrency, according to data by Coinmarketcap. Traders favour SOL within the industry for crypto-related activities such as trading and interaction.
SOL plays an integral role in the Solana ecosystem and facilitates several crypto-related operations, such as network governance, payment fees, and all kinds of interaction. As a top ten cryptocurrency by market cap, SOL is available on several prominent crypto platforms, such as Binance, Coinbase, FTX, Bilaxy and Huobi Global.
Top Cat – Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is among the most anticipated meme coins this year with exciting features, such as a massive supply, an exciting roadmap and a lack of transaction taxes which make it ideal for all forms of interaction and transactions within the cryptocurrency industry. The token is native to the upcoming Big Eyes crypto project, an initiative that seeks to significantly impact the blockchain industry and Decentralized Finance (De-Fi). The Big Eyes Coin (BIG) incentivizes the Big Eyes ecosystem and fosters collaboration within its community.
The token is currently in the third stage of its presale and has raised over $3 million. It looks on course to surpass the $20 million mark set by its team and is the type of low-risk, high-reward investment option that can save struggling investors in the current climate. For more information on the Big Eyes project.