18 April, New Delhi, Indian Investors are continually looking for De-Fi digital currencies that have the potential to produce significant returns as the cryptocurrency business expands and changes. This article focuses on Binance Coin (BNB), Avalanche (AVAX), and Big Eyes Coin (BIG), three distinct cryptocurrencies that show promise and merit consideration for the year 2023.
Reasons to Pay Attention to Big Eyes Coin if You’re Interested in Meme Coins A meme-based cryptocurrency called Big Eyes Coin has recently attracted a lot of attention thanks to its innovative idea and fervent community backing. The BIG team is urging users to keep onto their tokens for a while during its presale phase, which is scheduled to expire on June 3rd, especially since early adopters are rewarded.
Market Experts Predict a Bright Future for Binance Coin (BNB)
Binance Coin (BNB) is the native token of Binance, which is one of the largest centralized exchanges in the world. Initially launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB migrated to its own Binance Smart Chain (BSC) in 2020. Binance CEO Changpeng Zhao has expressed his intention to establish Binance as a significant player in the DeFi industry, with BNB playing a vital role in its growth.
On March 17th, Binance Coin briefly surged to USD 338.8 before experiencing a decline to a range of USD 308 to USD 319. This dip provided an opportunity for investors to consider accumulating or entering a long trade. However, due to current market conditions, BNB has struggled to initiate an uptrend. If market conditions remain favorable, Binance Coin could potentially reach USD 426.4, resulting in a 33 per cent return for investors. On the other hand, if market conditions worsen, the coin may undergo a downside correction, dropping to $278.8, representing a 9 per cent decrease.
Avalanche Network Shows Growth, but AVAX Investors Face Challenges
Avalanche was launched as a Layer 1 blockchain in September 2020, with its native token, AVAX, used for staking, governance, and transaction fees. Avalanche has established a strong presence in the DeFi industry, with its TVL (total value locked) surpassing USD 8 billion in February 2023.
Recently, the number of daily active addresses engaged in trading on the Avalanche network has increased substantially. However, despite the daily active addresses on the AVAX platform reaching a record high of over 70k, the token has failed to achieve significant gains. This is evident from the Longs/Shorts Ratio falling to 0.95 per cent, which suggests a lack of investor confidence, despite the platform’s two major upgrades.
Investors in the cryptocurrency industry are always searching for the next lucrative opportunity, and three potential options to consider are Avalanche, Binance Coin, and Big Eyes Coin. However, among these three, Big Eyes Coin stands out as a particularly promising investment, especially in anticipation of the next bull market.
With its innovative features such as the utilization of Loot Boxes and the ongoing promotional code that offers a 300 per cent bonus, Big Eyes Coin has garnered significant attention and has the potential to generate substantial profits.
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