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There are many different narratives in the cryptocurrency market; All narratives have their time in the headlines of every bull market, but there is usually one winner. 3, DeFi, Meme Coins and Metaverse tokens were among the highest performing narratives or sectors in the last bull cycle. This article will explore a particular currency related to each narrative to try to understand which sector, and token, might be the best performer in 2022 and 2023.
Defy and Avalanche
DeFi (decentralized finance) exploded during the last bull market, with Layer 1 DeFi-oriented blockchains as well as DeFi protocols, such as AAVE and Curve Finance, coming to prominence. Probably the stand-out Layer 1 blockchain that took DeFi to new levels in previous years was Avalanche (AVAX).
AVAX quickly gained traction with both investors and web3/DeFi builders in the industry, bringing fast transaction speeds and almost zero transaction fees to the game. Ethereum’s rise as the king of decentralized finance also foreshadowed the issue of an industry. The Ethereum blockchain could not handle the throughput required for a global network of DeFi transactions. Because of this, more scalable solutions such as avalanches were conceived and allowed them to achieve such gravity faster.
However, it is countered by the move to the ETH 2.0 narrative and the Proof-of-Stake consensus for the blockchain. This upgrade allows the ETH blockchain to accelerate in the future, eventually allowing secondary Ethereum chains to decongest the network, ensuring a higher volume of transactions and being charged through the entire network.
However, this doesn’t make the avalanche blockchain redundant – far from it. AVAX has developed a strong community with loyal developers. Blockchain was created to form a subnet on top of the chain. Theoretically this means that the amount of future transactions that the blockchain can process at any given time should be infinite depending on the number and quality of subnets.
meme coins and big eyes
The meme coin market peaked in 2021 after the Dogecoin and Shiba Inu booms. The highest combined market capitalization of the two reached over $120 billion. The meme coin market is certainly an explosive one with speculation only weighing in on their value. For this reason, they can see a rapid rise in value in a very short period of time and make great medium term investments.
Big Eyes Coin is a new meme coin in its pre-sale stages and is rapidly gaining increasing traction and community. Through its third presale phase in just a few days, the project has already raised $3.8 million in 3 presale phases. With presale projects like this, the sooner you shop, the higher your return on investment.
For example, if you bought in presale phase 1, 1 USDT would have bought 10,000 tokens. Now in presale phase 3, 1 USDT buys 5,883 tokens. If Big Eyes had to launch now, investors would have automatically made 41% at launch. The higher the presale, the higher the return on investment and the Big Eyes development team wants to take the Big Eyes in 15 steps! You are still very early in the third stage. If you would like to purchase the Big Eyes presale, please check the button below.
The Metaverse and the Sandbox
Sandbox is a metaverse project built for enterprise adoption. Large multinationals such as Adidas are already building and buying land in the sandbox metaverse; He believes that the future of retail lies in the digital world.
In short – a person will be able to ‘log on’ to the Metaverse and go to a shop, bank or other institution and conduct their business completely digitally and remotely. Of course, this requires a major technological change in progress but that is not a problem. The whole concept of ‘metaverse’ is far from a short-term plan. Many people believe that this is the next version of the Internet – Web 3 – and that development will be accompanied by an increase in digital technology over the next 10 years.
Over the past week, AXA Hong Kong has partnered with Sandbox to create the first insurer in Hong Kong to enter the metaverse that only goes on to serve the great adoption coming to the world of crypto and Web3 tech.
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