The Bear Turning into a Bull by Chainlink, Cronos, Big Eyes Coin
Although we are still in progress through 2023, the crypto market has been hot and cold, bull and bear in recent months. Typically, May brings flowers, but this year adds bloom to the altcoin season. Good time to look forward to.
This article will examine Chainlink (LINK), Cronos (CRO), and Big Eyes Coin (BIG).
Chainlink (LINK): Living the Bullish Moment
Chainlink is a decentralised analytics service. It increases smart contract interconnectivity by providing intelligent agreements with dependable data feeds, APIs, payments, and other resources. Chainlink is essentially a bridge connecting the network and outside the chain systems.
Chainlink enables intelligent contracts to respond quickly to incidents in the real world and perform obligations that would otherwise require external proof of performance by granting them access to off-chain resources. Chainlink solutions are initially designed on the Ethereum blockchain, while the business plans to support other major innovative contractual chains in the future.
Chainlink has evolved beyond accumulating and distributing Bitcoin pricing data to protocols known as DeFi, such as Aave, too much more. Utilising 1,000 project combinations with 700 Oracle networks, the ecosystem has access to over 1 billion data points, securing over $75 billion in value.
However, one of the most significant victories for Chainlink has been the appointment of Eric Schmidt, ex-Google CEO and chairman, as an expert advisor to the Oracle network rules and regulations.
On the other hand, the project team has already established a testnet with seven working Chainlinks, letting developers communicate with the BraveNewCoin, CoinMarketCap, CryptoCompare, Kaiko, EasyPost, FlightStats, and Chainlink Alarm Clock APIs.Chainlink’s price analysis recently suggests a substantial return in the bull market following a dip. The market LINK started at $7.1776 and quickly surged to $7.26, a 1.02% rise.
Cronos CRO: Competing with or Becoming Ethereum?
Cronos was previously known as the Crypto.org Coin until being renamed Cronos in February of this year. Its price has risen fast, and the primary reason for this is the recent collaboration between the creators and AWS. AWS is Amazon’s cloud business and the industry’s most prominent participant.
It competes with Microsoft Azure and Google Cloud, among others. Cronos stated that the collaboration would make it simpler for programmers in the ecosystem to learn how to use Amazon’s cloud platform. Affiliates of the accelerator programme will also have access to these tools, with the winners earning $30,000 in cash to help them develop their apps.
Regardless of the good news, Cronos’ ecosystem has encountered challenges. Like other chains, it faces more incredible rivalry from layer 1 and 2 networks taking market share.
Ethereum, Avalanche, and Tron are the top-layer chains it competes with. As Ethereum is one of the biggest crypto coins, will Crono compete with it, or will it become a bigger one? Time will tell.
It’s Time to Go BIG with the Big Eyes Coin
Big Eyes Coin is a community coin aiming to increase wealth in the DeFi ecosystem while safeguarding an important global ecological feature. Community tokens provide considerable revenue for the community and businesses. Big Eyes Coin is an innovative meme coin that has taken over cryptocurrency.
The currency has acquired popularity because of its distinctive characteristics, such as an innovative staking mechanism that awards holders a share of the network’s transaction costs. The coin in question also has a large fan base excited over its possibility of overhauling the meme coin market. Of course, there’s more; $35 million has been raised since the Big Eyes Coin presale began.
While investors take advantage of this golden opportunity, you have until June 3rd to join before it closes. But hold on; there’s more. This is a generous cat with huge eyes and enormous promo coupons. Big Eyes Coin will offer you a 300% bonus if you use the fantastic promo code END300. Doesn’t it seem too wonderful to be true? To my delight, it is true, so what are you waiting for?
For more on Big Eyes Coin (BIG):
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