Monitoring the daily events in the cryptosphere increases your chances of making profitable investments. The insights and predictions steer you in the right direction and reduce risk. Filecoin (FIL) and PancakeSwap, alongside the impressive Big Eyes (BIG), emerge as great options for your portfolio, per market indicators and analysis. We review the altcoins in this blog post.
If you want more information on Big Eyes, check out this youtube link below.
Filecoin (FIL): The Data Storage Platform
Filecoin is a decentralized data storage platform where you keep important information securely. The blockchain-based protocol uses hybrid consensus mechanisms — proof of replication and proof-of-space time, which helps it function efficiently.
Filecoin aims to ensure individuals have control over their stored data, allowing them to regulate who can access it. It eliminates the cons of centralized storage systems, making it impossible for unauthorized third parties to censor or access your data.
Data stored on the storage system are optimally protected and easily retrieved. Filecoin token (FIL) helps maintain the proper functioning and security of the platform. It’s a popular cryptocurrency in the coin market due to its essential storage utility. The cryptocurrency is currently at one of its lowest market prices in the past two years but could rally above $50 soon.
PancakeSwap (CAKE): The Most Used Decentralized Platform
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PancakeSwap is the most used decentralized Blockchain platform. The DeFi protocol has about $4 billion Total value locked and remains a leading exchange platform. PancakeSwap averages about 18 million monthly trades and provides users with multiple utilities. You can swap BEP-20 tokens on the BSC-based network, earn through liquidity provision, and win from the platform’s crypto lottery.
CAKE is the main token on the platform, among others. It’s the most valuable and performs various functions, including payment for lottery tickets, incentivizing liquidity provision, and transaction fee payment, amongst others. The BEP-20 token is prominent in the coin market due to the high adoption of PancakeSwap as a preferred DEX (decentralized exchange).
CAKE had an unprecedented price surge in the previous year, massively increasing the wealth of its early adopters. Even with the bear market effect, those that bought it during its all-time low in 2020 are still in profit. The crypto asset could yield profit for recent adopters, too, as it looks set for a new all-time high in 2023.
Big Eyes Coin (BIG): The New Meme Coin
Big Eyes (BIG) continues waxing strong in the market with increasing prominence and a progressing presale run. Crypto enthusiasts have identified it as a great project with the potential to help them recover from their losses to the recession. Big Eyes (BIG) can achieve this in the long run under good market conditions.
The meme coin will increase available capital in the DeFi space and make it accessible for users to benefit. It will feature a fast-growing ecosystem of dedicated users, with educational resources to help them know more about the DeFi sector.
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Big Eyes (BIG) will also have a swap for seamless asset exchange and a collection of non-fungible tokens that will serve as a store of wealth, allowing access to limited resources and exclusive events.
Big Eyes is an ERC-20 token that could prove a good buy. You can join its presale and claim your token when it launches. Numerous bonuses are available at presale, and the earlier you join, the more you gain.
