In September, Ethereum (ETH) was updated to the proof-of-stake (PoS) consensus, which boosted the blockchain’s popularity as it became faster and more energy efficient.
Why is Ethereum (ETH) so popular in 2022? -DAOs and dApps
Crypto columnist Paul Brody stated in an article for CoinDesk,
“Just about everything innovative and important happening in the world of blockchain right now is happening in the Ethereum ecosystem.”
These innovations include the update to proof-of-stake (PoS), as well as the multitude of new Decentralised Applications (dApps) and Decentralised Autonomous Organisations (DAOs). Some recent examples of DAOs on the Ethereum blockchain include DXDAO, DAOSquare, and dOrg.
The rise in DAOs, in conjunction with the recent Ethereum Merge to proof-of-stake (PoS), has left Ethereum in a very strong position. At the time of writing, 17th of October, one ETH is worth $1,331.43.
In addition, it holds the second position on the world crypto rankings, according to CoinMarketCap. Although this is nowhere near Ethereum’s (ETH) all-time high (ATH), October is likely to see the coin rise as it is historically the best month for crypto.
What is Cardano (ADA)?
Cardano is a digital software platform with a native coin ADA developed by Charles Hoskinson, one of the original co-founders of Ethereum (ETH). Cardano (ADA) was launched in 2017 to be more scalable and efficient than Ethereum (ETH).
A key feature of Cardano’s success is that it was the first platform based on the proof-of-stake (PoS) consensus. This gave it a competitive edge and drove much of its early success.
Why is Cardano (ADA) so popular in 2022?
Cardano (ADA) is popular in 2022 because its community is highly anticipating the Hydra update, which is likely to occur in the next four months and will see the speed of transactions reach 1 million transactions a second.
This would be an incredible development for the Cardano ecosystem. Along with its other impressive sustainable directives and charitable drives, it would likely attract many investors and businesses to its doors.
What is Big Eyes (BIG)?
Big Eyes (BIG) is a community meme coin currently racing through its presale with $7.9 million raised so far and has already secured a CEX. This community coin aims to move wealth into the Defi, create wealth for its community of cat lovers, and protect an important part of our planet’s ecosystem.
This community meme coin, like Cardano (ADA), is committed to supporting charities which are intimately involved in protecting our environment. For this reason, Big Eyes (BIG) has pledged 5% of all its token supply to a visible charity wallet earmarked for charities supporting the protection of our oceans and sea life.
Why are Big Eyes (BIG) so Popular in 2022?
One of the reasons why Big Eyes (BIG) is so popular in 2022 is because it is an extremely cute meme coin which knows the great power of cuteness cats wield.
Big Eyes (BIG) is not only enchanting, but it is also determined to support its community; Big Eyes (BIG) aims to make it as easy as possible for everyone to invest and has therefore promised that no one will have to pay taxes or fees when shopping for BIG.
Like Cardano (ADA) and Ethereum (ETH), Big Eyes (BIG) is invested in a future where global finance and blockchain technology are available to everyone.
However, unlike Cardano (ADA) and Ethereum (ETH), Big Eyes (BIG) has decided to use the power of the meme coin to spread the technology far and wide, as the Big Eyes meme coin represents the easiest and most accessible entry point into the crypto-verse, and this accessibility and attractiveness are driving its popularity now and into the future.
Will Big Eyes be able to reach the heights of Ethereum?
Big Eyes (BIG) will likely continue to grow rapidly in its presale. In time, it is also likely to reach the heights of Ethereum (ETH). Of course, this will take time, but with such a strong foundation and early growth in the all-important presale, Big Eyes is likely to rise to the heights of Ethereum in the future.
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Learn more about the Big Eyes Token:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
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