Future for Big Eyes Coin, ApeCoin, & Algorand Gets Better while Crypto Funds Shift from CeFi to DeFi
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Crypto enthusiasts love investing in tokens that aim to shift wealth into the DeFi (decentralized finance) ecosystem, like Big Eyes Coin (BIG), ApeCoin (APE), and Algorand (ALGO). Recently, a new report showed that a huge amount of funding had been seen shifting from CeFi (centralized finance) to DeFi despite major collapses.
Investors Pour Billions into DeFi Finance Projects
Crypto data aggregator CoinGecko implied that its collected data puts DeFi in the spotlight, making it the “new high growth area” for cryptocurrency.
Many investors put $2.7 billion into DeFi projects in 2022, which saw an increase of 190% from 2021. Meanwhile, investments in CeFi projects took a turn for the worse, with a decrease of 73% to $4.3 billion over the same period.
This report suggests that investors could be far better off investing in DeFi tokens, such as Big Eyes Coin.
Big Eyes Coin Boasts Healthy DeFi Ecosystem
Big Eyes is a token fully owned and controlled by its loyal community of cat and coin lovers called the Cat Crew. Because of its community’s unending love and support, the meme token’s presale has officially reached $31 million, with 4.94 billion BIG waiting to be sold.
BIG started at a price of $0.0001 in its Presale Stage 1. Now that the presale is in Stage 12, the original price increased to $0.00049, which is a 390% gain! In its launch price, each token would be $0.0006.
If users had purchased $1000 worth of BIG during Stage 1, they would have 10,000,000 tokens. However, if they missed out on the previous stages and bought in Stage 12, they would only receive 2,040,816 worth of BIG. That’s fewer tokens compared to buying in Stage 1. Therefore, investors should plan on investing in the game early on before the price increases all the more.
What really makes Big Eyes Coin a convincing token is its community backing the project. Early investors have the advantage as they gain access to exclusive NFTs (non-fungible tokens), events, BIG tokens, and rewards in the future. Aside from all the fun, they are also helping make the world a better place as the digital asset donates 5% of its total supply to chosen charities.
ApeCoin Performs Poorly Due to Staking Rewards
ApeCoin has been leading in the NFT and metaverse market share, with ApeCoin DAO launching its APE staking rewards in December.
The staking pool gained 90% annual returns within a span of just two months. Bored Ape Yacht Club (BAYC) NFT holders, as well as other collectibles were entitled to twice the yields of about 171%.
As a result, APE performed poorly in the market in January, with its price decreasing to $4.82 with only subdued gains of 61%.
However, if more investors pour money into DeFi projects and the market sees diversification in investments, ApeCoin might recover from this setback.
Algorand Partners with Flux to Expand DeFi
Algorand, one of the most secure and advanced layer-1 blockchains, is working with Flux, the most decentralized Web3 cloud infrastructure, to create a parallel asset (PA).
This parallel asset will bridge the gap between the two ecosystems and revolutionize the world of blockchain technology. This collaboration will open doors for cross-platform development and securing decentralized infrastructure for Web3 applications.
Seeing that investors are turning to DeFi projects, crypto enthusiasts might look for tokens operating in blockchains that allow for more development opportunities.
The data provided by CoinGecko highlights the promise of DeFi and the significant interest shared by many investors in the space. When the market conditions improve, coins such as Big Eyes Coin, ApeCoin, and Algorand are poised for significant growth.
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