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Big Eyes Coin vs Cardano vs Solana: Which Cryptocurrency Should I Invest In?

  • Writer: Hrishikesh Sasikumar
    Hrishikesh Sasikumar
  • May 4, 2023
  • 3 min read

One of the best and worst things about investing in cryptocurrency is that you’re spoiled for choice. The fact that there are more than 21,900 registered cryptocurrencies is part of what makes investing in cryptocurrency so tricky: How do you know you’ve made the right choice? This article will help you move from indecision to the right decision.


Every few weeks, a new cryptocurrency makes headlines, but rarely does it live up to the hype. While these are early days, Big Eyes Coin (BIG) may just prove to be an exception to that. After raising a record-breaking $31 million during its pre-sale, Big Eyes Coin has captured the attention of crypto enthusiasts around the world. But how does Big Eyes Coin compare to established cryptocurrencies such as Cardano and Solano? Let’s find out!


Big Eyes Coin: The Latest Gamechanger

Big Eyes Coin’s claim to fame is largely due to an extremely successful pre-sale round where the cryptocurrency raised $31 million. However, if it remains relevant, it will be because of its versatility, commitment to the environment and community-focused design. Big Eyes Coin uses a “Proof of Attention” (PoA) consensus system, which is an energy-efficient system that rewards users for active network participation.

While the cat-themed meme coin may have humorous origins, it is committed to a serious cause: 5% of all tokens are stored in a charity wallet that will be donated to organizations preserving marine life.


One reason why Big Eyes Coin attracted so much funding can be explained by its Loot Boxes, which when opened, guarantee investors an amount equal to or greater than how much they invested. Investors willing to take on more risk stand to win as much as 1 million $BIG Tokens by investing $9,999. While it is still in its pre-launch phase, Big Eyes Coin’s lower market cap makes it a compelling choice for investors.





Cardano: An Eco-Friendly Ethereum Alternative

Created by one of the co-founders of Ethereum, Cardano (ADA) is one of the most energy-efficient cryptocurrencies. Like Ethereum, Cardano also has the capacity for smart contracts, which makes it possible to create decentralized apps and NFTs.


With a reputed founding team, and peer-reviewed, scalable technology, Cardano is a compelling alternative for Ethereum fans that have reservations about the latter’s skyrocketing transaction (gas) fees.


However, Cardano’s long-term approach, while admirable, can backfire. As a result, Cardano is often slow to roll out changes, giving competitors a chance to steal the show. Furthermore, Ethereum 2.0, which plans to cut back on emissions, improve speeds, and cut transaction costs means that Cardano’s USP, which is its energy-efficiency, risks becoming irrelevant.


Solana: Record Speeds, Low Costs

Created by programmer Anatoly Yakovenko, Solana’s (SOL) revolutionary blockchain was the first to use proof-of-history to verify transactions. With a transaction processing speed of 400 milliseconds, Solana’s technology is far more advanced than its competition.


The early adoption of NFTs have endeared Solana to thousands, and the cryptocurrency enjoys the backing of influential investors such as Andreeson Horowitz. Finally, Solana’s low costs make it a compelling option for first-time investors.


However, Solana’s efficiency can work against it: The company has a huge problem with network outages, which can last as many as 17 hours. Solano is also less decentralized than competitors, which may lower trust. Investors are also put off by Solana’s backing of venture capitalists, as cryptocurrencies were designed to rebel against the elite.


Conclusion

Cardano and Solana are compelling options but they are not without flaws. Cardano’s slow growth can be frustrating for first-time investors, while Solana’s VC backing can be off-putting for many.


For investors searching for quick returns and a company culture that aligns with their values, Big Eyes Coin is the answer. While still in its pre-launch stage, the market cap for Big Eyes Coin is significantly lower, which present fewer barriers for investors.


Like Cardano and Solana, Big Eyes Coin also has industry-leading transaction speeds and the cost of transactions are also on the lower side. All things considered, it’s clear that Big Eyes Coin offers you the best value for your hard-earned investment


To learn more about Big Eyes Coin (BIG), check out the following links:




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