Ironically, as the winter season approaches, cryptocurrencies have entered another “crypto winter”, a term used to describe a prolonged period of lower cryptocurrency asset prices in comparison to previous peaks. Throughout 2022, cryptocurrencies have suffered in market capitalisation, price and value, aspects that could all be attributed to major crypto events, such as exchanges or coin crashes, which can have a significant impact. Crypto can also fall as interest rates rise, inflation rises, and other macroeconomic factors affect people’s confidence in investing in risky alternative assets.
This period could cause people to be apprehensive about adding any more cryptocurrencies to their portfolios. Here are three coins that have a high chance of helping you survive this round of the crypto winter.
Big Eyes Coin Raises $10 Million In Presale
One of the most discussed upcoming cryptos is Big Eyes Coin (BIG), a meme token that has aspirations of diverting wealth into the ecosystem for decentralised finances. Community tokens are significant cash producers for the community and charities. Big Eyes Coin, on the other hand, aims to contribute more by creating a self-propagating blockchain ecosystem utilising NFTs to provide access to additional content and events that make the blockchain hypeship worthwhile to board. BIG strives to have its NFT collection ranked among the top ten, offering users an incentive by placing every profit gained from an NFT into a burn or not burn vote.
According to the blockchain network, 5% of BIG’s accessible tokens will be donated to ocean conservation programs, contributing to the protection of one of the most vital parts of the earth’s ecosystem. Big Eyes Coin has also garnered significant online attention for its distinct avatar, an anime/manga-designed adorable feline with large pupils.
The coin has ambitions to make its debut on the popular decentralised trading protocol Uniswap (UNI), which is ranked in the top twenty most valuable cryptocurrencies. Within months of existence, Big Eyes Coin has managed to accumulate an impressive $10 million in presale. Having been audited by Solidity Finance, you can have the reliability that BIG could help your portfolio during these difficult times.
Shiba Inu Unveil New Concept Artwork
The current crypto winter may be difficult for Shiba Inu’s (SHIB) price, but not for its ecosystem’s growing efforts. The Shiba Inu metaverse development team has presented “Tech Trench,” a new concept artwork aiming at demonstrating how its metaverse would appear. The team stated in a blog post on 16 November that the goal of the Tech Trench centre was to create an immersive experience that showcased the many phases of development for key technologies from ancient times to the modern hyper-technological society.
Shiba Inu (SHIB) is the second-most profitable meme coin, after only Dogecoin (DOGE). It self-proclaimed itself as the “Dogecoin Killer” because it views itself as a direct competitor to Dogecoin. Its popularity has increased since its inception in 2020, thanks to endorsement of Vitalik Buterin, co-founder of Ethereum. Buterin contributed to SHIB’s success by organising the largest bitcoin gift in history. Buterin donated around $1 billion in SHIB to the Indian COVID-19 relief fund. Ever since, the meme coin has won people over with its cute charm. The market cap of SHIB has risen over the past twenty-four hours, and it remains ranked in the top fourteen on CoinCodex.
XRP Price Rises By 12.3%
At the end of the working week, the XRP (XRP) price is up 12.3%. Positive price changes may be attributed to two factors, the first of which is directly tied to events around XRP and Ripple. A significant event for the blockchain network, the Ripple Swell conference, took place last week where RippleNet and On-Demand Liquidity technology advancements were announced.
The rapid use of XRP-powered solutions should help the cryptocurrency develop and thrive even more. However, according to Ripple CEO Brad Garlinghouse, these are not the only announcements from the conference, and there will be more. At the same time, the company’s SEC case is drawing to a close, which is also important information. XRP is known for being a permissionless, decentralised open-source technology. The crypto’s advantages include its cheap cost, speed, scalability, and inherent greenness. XRP is one of the top ten cryptocurrencies that has not had a drop in price, value, or market capitalization in the last week, indicating it to be a viable crypto purchase.
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Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.