The collapse of the cryptocurrency market was something that affected every crypto enthusiast, no matter how large or small their stake in various coins and blockchain projects.
But as most currencies struggle to rise above the downward trend of the economy, there’s one coin that’s showing a huge amount of promise right now: Big Eyes Coin (BIG). In a stagnant period, the presale phase of this coin has shown that there are still winners in the world of cryptocurrency.
Read on to find out more about this token, and how it’s poised to leap past competitors such as Binance (BNB) and Avalanche (AVAX).
Binance: Comprehensively Compromised?
As the largest cryptocurrency exchange in the world, and a significant cryptocurrency in its own right, Binance Coin (BNB) has a lot to live up to. Recently, it would seem that this platform and its team have let down the community, as security concerns plague consumer trust in the token.
The Binance Smart Chain was recently the victim of one of the largest and most serious security breaches in blockchain history. As much as $100M worth of BNB tokens were generated and transferred to the private wallet of a hacker who managed to exploit a glitch in the software framework of the exchange.
While BNB seemed in the past to be among the most reliable, secure, and safe investments you could make in the crypto world, that reputation has been badly tarnished by this hack and its ramifications.
In an increasingly dangerous digital marketplace, can you afford to leave anything to chance? Any hacker will know that where one hole exists, another is surely lurking somewhere nearby.
Avalanche: Snowed In?
Avalanche (AVAX) was founded with great aspirations in mind. The developers of the coin sought to create a platform and native token that could rival and indeed unseat Ethereum (ETH) as the king of decentralised finance currencies.
With clean, professional-looking graphic design, and a feature-rich whitepaper, everything seemed to be going right for Avalanche (AVAX) and the team behind it. It offered unique selling points such as supremely fast transaction speeds, cheap and efficient exchanges, and remarkably low environmental impacts relative to its transaction volume.
However, customer confidence in this token has continued to fall, as has its market cap and total value. Social media hits regarding Avalanche (AVAX) fell by more than 33% in September this year alone. Keeping in trend, both the volume of available AVAX and its total value fell in this period.
While it seems to offer everything, it’s ultimately investors that determine the fates of cryptocurrencies. Without significant movement, this coin will not manage to keep its lofty ranking.
