Financial markets move in cycles of highs and lows. Periods of record highs in the cryptocurrency market are called bull runs and low periods are called bear runs. There was a slow trickle in the 2022 bear cycle as the tokens rose only slightly.
However, there is hope that 2023 will bring a bull period with record profits in the cryptocurrency market. With an infinite number of cryptocurrencies to invest in, there are three big crypto projects that could profit in the next bull run.
Big Eyes Coin is the Meme Coin of Tomorrow
For users looking for a fun and impactful DeFi project, Big Eyes Coin (BIG) is the ideal meme coin project to start with. It is a new project and has a low market cap that can rise exponentially in a short period of time, generating thousands of dollars in profits for early adopters.
Big Eyes Coin is a remarkable meme coin that offers great earning opportunities through various DeFi services including DEX platform, NFT collection and marketplace. The project has also shown great interest in giving back to the community through ocean conservation philanthropic efforts, which involves 5% of the coin’s total supply going towards the safety of fish and protecting a great food source for the future. Big Eyes Coin is a highly secure project running on Ethereum and verified by Solidity Finance and Coin Sniper. The team is always committed to the growth of the project and the development of the community. Use the promo code SUSHI982 to get BIG at a discounted price.
Internet Computing Provides Benefits Associated with Decentralized Cloud Storage
Cloud computing has remained highly decentralized since the dawn of the internet, with web giants such as Google, Apple and Amazon controlling it. The shortcomings of these firms in securing user data as well as keeping users anonymous have created a need for a more secure and decentralized solution.
The Internet Computer (ICP) offers the perfect solution as it is a decentralized protocol that offers developers the tools to build websites, web services and DeFi applications powered by Blockchain technology. Launched by DFINITY, Internet Computing aims to eliminate centralized cloud computing entities by proving itself as a safer, more efficient, more reliable and decentralized option. The ICP token is used to maintain control within the protocol, trade, pay gas fees, and access cloud services within the protocol.
Ethereum: What the new Proof-of-Stake transition means
Ethereum (ETH) has made a record as the largest DeFi protocol and ecosystem in the crypto space by providing a number of side chains, DeFi applications, metaverses, NFT projects, Crypto altcoins, exchanges and marketplaces. For the longest time, it has been powered by a proof-of-work consensus mechanism involving multiple miners using high-end computing hardware to solve complex math problems for a chance to validate transactions and earn commissions in ETH.
However, Ethereum realized the environmental danger of using high-energy-consuming hardware, as well as the efficiency of switching to a more conservative consensus method. Thus began the plan to move Ethereum from proof of work to proof of stake, which finally happened in 2022. What does this mean for Ethereum? Well, firstly, Ethereum will now be more scalable and interoperable, being able to process hundreds of thousands of transactions without protocol flaws. This will also serve as a scalable solution to avoid relying on sidechains.
This is good news because now more users will join the Ethereum network, increasing adoption and driving up the price. As a result, users who want to better position themselves to profit in the next bull run have great opportunities when they choose projects such as Big Eyes Coin (BIG), Internet Computer Protocol (ICP) and Ethereum (ETH) because these projects are huge. potential soon.
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