And it seems to remain steady, as newer cryptos built on the Ethereum blockchain, such as Big Eyes Coin, are also proving to be bear market challengers.
Solana (SOL) Loses 83% Value In 2022
SOL, the native token of the Solana blockchain, an Ethereum blockchain competitor, has not been doing so well in 2022. Since the start of the year, this cryptocurrency has lost around 83% of its total value so far and is only dropping further.
Many believe SOL to have fair transaction fees and the Solana blockchain itself to be highly efficient and stable. However, after a recent power outage that meant the Solana Blockchain was offline for more than four hours, its reputation was a little tarnished.
Polkadot (DOT) Also Loses, With 77% Less Value Than In 2021
Labelled as an Ethereum blockchain competitor by Forbes, Polkadot, is a multichain protocol that connects a network of blockchains and facilitates cross-chain transfer. The native token of this protocol is DOT. This coin is used for three main reasons: staking in operations and security, governance and bonding tokens to connect parachains.
Recently, Polkadot announced the highest development activity within its lifetime. However, this has seemed to have little impact on the valuation of DOT itself or its competition with Ethereum.
ERC-20 Token Big Eyes Coin Meets $8,400,000 Of Stage 6 Presale
Having flown through its presale stages faster than most cryptocurrencies, this adorable feline has managed to raise $8,400,000 in pre-sales so far. And the number only appears to be growing bigger. Each day figures such as $500,000 are common to see.
Big Eyes Coin is a community-owned decentralised finance coin meant to raise a fortune and also save the world’s ocean. A 5% of all available BIG tokens at launch will be put into a charity wallet that will be donated to oceanic sanctuaries. Additionally, Big Eyes Coin has made a series of other donations and plans to make more in the foreseeable future.
The demand for BIG is extraordinary considering the crypto winter. With a booming social media presence and excellent design, Big Eyes Coin is touching the heart of many investors right now.
For more information on the Big Eyes Coin project:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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Source: https://www.thecoinrepublic.com/2022/10/23/ethereum-killers-solana-and-polkadot-crash-amid-erc-20-token-big-eyes-coin-surpassing-8-4-mil/