The ongoing bear market has significantly affected most cryptocurrencies within the industry, particularly the industry giants. The world’s largest cryptocurrencies by market cap have been significantly affected by the bear market and are by far the biggest losers. Cryptos like Bitcoin (BTC) and Ethereum (ETH) have dipped massively, causing concerns within the industry.
At the height of the bear market, when the BTC price dipped below the physiological $20,000 support mark, the crypto industry witnessed the largest outflow of Bitcoin as major HODLers let go of their stock. As the bear market enters another month, it has become evident within the industry that crypto investors would be better off investing in other altcoins besides those two to avoid further losses.
As long-term cryptocurrency investing has become a preferred mode of operation by crypto investors within the cryptocurrency industry due to the high levels of volatility, this piece suggests three cryptocurrencies that crypto investors could utilize instead of Ethereum (ETH).
Here’s why you should consider Algorand (ALGO), VeChain (VET), and Big Eyes Coin (BIG).
Algorand: Eco-friendly and cost-effective
Algorand (ALGO) is an autonomous, decentralized, blockchain-based network within the cryptocurrency industry that supports a wide range of applications that are secure, scalable, efficient, and possess critical properties for effective applications in the real world.
It is a platform that provides feasible solutions to existing problems within the cryptocurrency industry, such as speed, performance, and efficiency. Other notable features of the Algorand (ALGO) platform include energy efficiency and low translation costs.
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ALGO incentivizes the network and facilitates network governance, payment fees, and all other crypto operations. It is a very popular cryptocurrency with stock on prominent platforms in the industry.
VeChain: Utilising the power of trustless data
VeChain (VET) is a versatile enterprise-grade L1 smart contract platform within the crypto industry that aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem that provides a solution for crucial data hurdles for various global industries. These industries include medical, energy, food, and beverage.
It achieves this by leveraging the power of trustless data. VeChain (VET) is a platform building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants.
Its native coin, VET, plays an essential role in its ecosystem. VET incentivizes the network and facilitates all kinds of crypto operations. It is a top 50 crypto by market cap with stocks on prominent crypto platforms of the industry.
Big Eyes Coin: An ethereum-based meme coin with no transaction fees
Big Eyes Coin (BIG) is an Ethereum (ETH) based crypto asset that has recently become the subject of excitement and anticipation within the crypto industry for several reasons.
One of such reasons is its attractive features, such as a massive supply of one billion tokens and a lack of transaction fees. These features make it an ideal cryptocurrency for crypto operations within the industry, such as trading, investing, and payment fees.
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Big Eyes Coin is currently in the presale phase and has raised over $9 million and counting. The token is one of the most promising cryptos within the industry and could quickly become a valuable asset in the current climate.
Those who want to capitalize on the meme coin’s rising fame can use the code BUYEYES793 for a coin bonus.
