As prices continue to rise in the crypto market many analysts are suggesting that we could be on our way to another period of altcoin dominance, and three currencies are showing a lot of promise to head up this rise. Polygon (MATIC), Arbitrum (ARB), and Big Eyes Coin (BIG) have been showing impressive growth recently, and many investors are anticipating the exciting trajectory they could be taking.
Polygon is Gaining Territory
This year, Polygon (MATIC) has been one of the best-performing layer 2 blockchain solutions this year. During 2023, MATIC has seen a 35% increase in price and over the past month has seen an increase of 4.2 million active addresses on the blockchain. MATIC also utilises a Proof of Stake consensus mechanism, which is less energy consuming than traditional Proof of Work systems used by currencies like Bitcoin (BTC), and also offers fast transaction times and close to zero gas fees, offering a tempting alternative to Ethereum (ETH) who has been criticised for its slow transactions and scalability.
Arbitrum Blows Ethereum Out of the Water
Arbitrum (ARB) is another scaling solution that is challenging Ethereum (ETH) and has been gaining popularity amongst the crypto community. With an increase of 2.4 million active addresses on the blockchain, ARB is experiencing a 7.8% rise over the past month. ARB offers faster transaction speeds and lower costs while having the same level of security as ETH. This past week it has surpassed the number of transactions made by ETH, which is causing many investors to now consider ARB as a truly serious investment opportunity.
Big Eyes Coin: The Most Exciting Presale of All Time?
During its presale, Big Eyes Coin (BIG) has exceeded all expectations by raising an enormous $40 million with still nearly a month to go. As investors rush to the presale before its end date, on the 3rd of June, BIG has firmly established itself as a big player on the crypto scene, and it is expected to make a huge splash upon launch. While it appeals to the incredibly lucrative meme coin market, investors are acknowledging BIG as not only another meme coin but a truly serious investment with great potential.
All three of these cryptocurrencies offer different features and benefits to investors, but all are equally experiencing a surge in popularity within the crypto community. Polygon (MATIC), having established itself as a true contender to bigger cryptocurrencies, is expected to continue its rise to reach the heights of Ethereum (ETH) and Bitcoin (BTC) due to its high speeds, low energy consumption, and great scalability.
Arbitrum (ARB) is finding its footing in the market and is taking great strides to catch up with its competitors with speed. Meanwhile, Big Eyes Coin (BIG) is gearing up for an unbelievably successful launch onto the market that will bring unprecedented profits to the many who have been involved in its exciting presale.
Big Eyes Coin (BIG)
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