2023 is quickly proving to be an exciting year for crypto in many ways. Spring has already seen many great events that project a bullish future for the market, especially Top Crypto Bitcoin finally passing the $30,000 price threshold for the first time since last summer. The ripple effect felt throughout the market because of this has been interesting, with price surges across the board. Now is the perfect time to get involved and invest before the prices continue to rise, but what project is the best choice to start with? Chainlink (LINK) and Avalanche (AVAX) are two of the most interesting crypto around at the moment, but which is the better one?
Also, the biggest presale in recent years is finally coming to an end soon after raising millions. Do you still have time to get involved with Big Eyes Coin (BIG) and will it be worth buying once it officially launches?
Link Networks With Chainlink
Chainlink (LINK) is a popular protocol that leverages the Oracle network to enable smart contracts to connect globally and allow secure off-chain interactions between connected blockchains. The platform makes data processing easier and provides price feeds and other necessary information from external sources to users. Chainlink allows users to function as node operators on its network and reward them with its utility token, LINK. The Chainlink token has grown in prominence since its inception about 6 years ago, hitting its highest peak in 2021, setting an all-time high of $52+. Though it is no longer valued that high, it still ranks within the top 50 cryptos by market cap at 19.
Build Your Path Out The Snow with Avalanche
Avalanche (AVAX) is a platform for building DeFi applications, using a consensus algorithm called Avalanche-X, which is a proof-of-stake consensus algorithm that allows for high throughput and low latency. The platform also supports the Ethereum Virtual Machine, allowing developers to deploy their Ethereum-based dApps on the Avalanche network. Avalanche’s main goal is to provide a platform for developers to build DeFi applications that are fast, secure, and scalable. Ranking just above Chainlink at 15, Avalanche had a good start to 2023, surging by 82% at the start of the year compared to 2022.
How They Compare
When it comes to comparing crypto, there is no set criteria to go by as many projects have their own goals and intentions, with different functionalities required to achieve them. There are quite a few factors that both Chainlink and Avalance excel at, which make them worth comparing.
For instance, scalability, an area that both projects have their strengths in. Chainlink’s decentralized oracle network can handle a significant amount of data and scale to meet the needs of dApps. This is crucial as dApps require reliable and accurate data to function properly. Avalanche, on the other hand, uses a PoS consensus algorithm that allows for high throughput and low latency, making it an ideal platform for building DeFi applications that require fast transaction speeds.
Something that is important when it comes to all crypto projects, especially those that run on/as protocols, is security. Chainlink has a robust security system in place, which ensures that the data it sources is accurate and tamper-proof. The decentralized network of nodes also makes it difficult for hackers to compromise the system. Avalanche has a unique security feature called Avalanche-X, which ensures that the network is secure even in the event of a 51% attack. Avalanche-X is a mechanism that allows the network to reach consensus on a new set of validators in the event of an attack, ensuring that the network remains secure.
When considering the value of an investment, considering their utility outside of the market is always important. A good signifier for valuable utility is if the project is used by or partnered with big companies that operate in other sectors. Chainlink has partnerships with major companies such as Google, Oracle, and SWIFT, which has helped to increase its visibility and adoption rate. Meanwhile , Avalanche has gained significant attention from the DeFi community due to its high throughput and low latency, making it an ideal platform for building DeFi applications.
Big Eyes, Big Shoes to Fill
The much anticipated meme coin project, Big Eyes Coin (BIG), finally announced the end of its presale and it’s incredibly soon. June 3rd will be the conclusion of million dollar presale, which currently sits at a whopping $34.4 Million. As the launch date of Big Eyes Coin approaches, there are several exciting features that potential buyers can look forward to. For one, the token sale will offer a 70% public sale with no buy tax and no sale tax. Additionally, Big Eyes will release an NFT collection that will be available on an active marketplace for trading.
The team behind Big Eyes has also made efforts to create a buzz around their project through creative marketing strategies. The Big Eyes Lootboxes, for example, were a major draw for users, offering a chance to win up to $150,000 worth of BIG through a video game/gambling mechanic. This unique approach to distributing tokens was well-received by the community, and although the promotion has since ended, Big Eyes has launched its biggest bonus code yet to continue rewarding its supporters. Buyers can receive an extra 300% in tokens by using the code END300 during purchase.
There is more to look forward to than an NFT marketplace and extra tokens though, as The team aims to build a platform that will serve as a hub for various projects in the crypto space, such as decentralized exchanges and gaming platforms. With its strong community, Big Eyes hopes to become a major player in the crypto industry by providing a user-friendly and inclusive platform that is accessible to everyone.
While Big Eyes doesn’t directly have much in common with either Chainlink or Avalanche, its potential to be just as valuable as the both of them – if not more – cannot go unnoticed. It’s yet to actually prove if it can stand its ground against the volatile nature of the crypto market, but the team behind it have demonstrated time and time again that they know exactly what it takes to create a great crypto, something that crypto enthusiasts seem to agree with as shown by the dedicated community already backing it.
Summary
When comparing the two projects, it is essential to consider their differences in terms of their intended use cases. Chainlink’s primary focus is on providing accurate and reliable data to dApps, whereas Avalanche’s main goal is to provide a platform for building DeFi applications that are fast, secure, and scalable. Both projects have their strengths and weaknesses, and ultimately, the choice between the two will depend on the specific needs of the user. In the same breath, it’s up to each individual to decide whether or not they believe Big Eyes will live up to its hype, but it’s certainly a project worth keeping an eye on as we get closer to June.
Big Eyes Coin (BIG)
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin