The crypto market is showing signs of recovery as coins go green after several days of red across the board. Investors and traders are interested to see which cryptocurrencies are the first to bounce back after FTX went under, and although the majority are still struggling to get out of the red, a few are making headway.
At the time of writing, Litecoin (LTC) and Uniswap (UNI) have made it into the green, along with Toncoin (TON) and Chiliz (CHZ). Another pocket of positivity among the widescale crypto depression is the Big Eyes Coin (BIG) presale which has been growing steadily.
Let’s take a look at Litecoin, Uniswap, and Big Eyes Coin and see if we can identify the winning features of these cryptocurrencies.
Uniswap is up 9% – FTX collapse driving this surge?
Uniswap (UNI) is a decentralised peer-to-peer crypto exchange platform that allows users to trade without any third party or centralised system. The platform is popular because it is open-access, meaning anyone can use it to trade assets.
Another reason why this is popular is that it’s based on the Ethereum (ETH) blockchain, which is now highly efficient and sustainable since its recent update.
One of the possible reasons why Uniswap has reached the green before the majority of the crypto market is due to the recent implosion of the centralised exchange FTX. The crash of this major exchange has proven that decentralised exchanges are necessary. Experts say that what happened to FTX could not have happened with a decentralised and transparent exchange like Uniswap.
So, the crash of FTX is likely to have positively impacted Uniswap as its decentralised systems, and transparent ledgers are not compromised or called into question. Instead, the Uniswap systems are privileged over centralised systems.
Litecoin is in the green and up 5% – but why?
Crypto experts are adamant that the industry will survive after the FTX crash. The crash proved that decentralised finance is more secure than centralised finance, and transparency is the best regulator. Indeed some experts are saying that the FTX crash was inevitable and can only strengthen the movement towards Defi and away from centralised finance.
Litecoin (LTC), the silver to crypto to Bitcoin gold, is at the time of writing in the green and up 5%. Like Uniswap, this positive pattern could be due to its decentralised peer-to-peer systems. However, the rise could also be accounted for by the fact that Litecoin is currently holding its value better than Bitcoin. This could attract more investors to Litecoin.
Litecoin has been able to recover after the FTX crisis; Bitcoin, on the other hand, has suffered a two-year low below $16,000. Litecoin has managed to escape the hysteria created by the FTX crisis without shedding much value over the past 30 days. One LTC has increased from $51 to $57, while Bitcoin has fallen considerably in the last 30 days.
Big Eyes Coin Presale – what’s driving its growth?
The Big Eyes Coin is a new meme coin currently performing well in its presale stages, with nearly $10 million raised at the time of writing. According to its whitepaper, the cat-themed Big Eyes Coin aims to create wealth for its community, move wealth into the decentralised financial system and help protect marine life and oceans around the world.
Big Eyes presale is currently popular because it is a good investment option during the crypto winter when investors are looking to make guaranteed gains.
The Big Eyes project is also turning heads because it’s ticking many boxes for investors, including its sustainable drive, community ownership, and massive media and social platform engagement.
While Litecoin and Uniswap appear to benefit from the effects of the recent FTX crisis, Big Eyes Coin’s presale is growing steadily. The FTX collapse could have positively impacted big Eyes’ presale as it is decentralised like Litecoin and Uniswap. These events prove that centralised financial institutions with no transparency are failing, rather than crypto as a whole.
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For more information on Big Eyes Coin (BIG) and its community, please visit the following links:
Big Eyes on Youtube: https://www.youtube.com/watch?v=TDRr9KhHQRw
The Big Eyes Coin Presale: https://buy.bigeyes.space/
The Big Eyes Website: https://bigeyes.space/
The Big Eyes Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.