Solana, Enjin Coin and Big Eyes Coin: Top NFT Picks for the Bull Run
Analysis of the best NFT platforms in the cryptocurrency market has been ongoing since NFT creation became more popular, and more coins steadily joined NFT trading within the year. Considering the bearish wave of 2022, many users may be in doubt about where to make their NFT investments during the bull run. Therefore, we have compiled a short list of the best picks for NFTs this year, which includes NFT veterans Solana (SOL) and Enjin Coin (ENJ), and the new meme project, Big Eyes Coin (BIG).
Solana – Household NFT platform
Solana (SOL) is the top platform in the DeFi space that hosts a variety of DApps, tokens and blockchain tools that offer a holistic cryptocurrency experience. Its launch in 2018 ushered in the acceptance of the proof of stake protocol as it proved that the code was effective in reducing the energy requirements of blockchains.
Solana (SOL) exists on an independent blockchain with a hybrid protocol that aims to reduce gas fees and energy usage on the network. A proof of stake protocol and another proof of history protocol make up Solana’s hybrid protocol where the stake protocol allows active staking on the network and the history protocol speeds up transaction execution.
Solana (SOL) is home to many tokens and DApps and maintains a remarkable level of scalability despite the traffic load. The developers created the network to be able to scale as needed in relation to user traffic. Consequently, Solana can offer many blockchain features to its users without sacrificing speed or increasing network costs.
Solana’s NFT trading is quite advanced, as it now hosts a multitude of marketplaces running on the blockchain. Solana NFTs were first generated in 2021 after Solanart was launched. Subsequent launches of NFT marketplaces have increased the amount of NFT trading on the network, and Solana now ranks second only to Ethereum on NFT charts.
SOL powers the Solana hub, fuels the economy, and acts as a staking and governance token. The token is now selling for $22.70 on CoinMarketCap.
Enjin Coin NFTs and games at once
The Enjin platform is a prominent project in the NFT trading sector as it has several DApps dedicated to helping the production of quality NFTs for users. The platform also hosts blockchain games, where users can play to collect token rewards in their wallet.
The Enjin coin (ENJ) is an ERC-20 token, and its connection to the Ethereum network enables the platform to use other Ethereum standards to define user values. The platform is also a proof of stake protocol, encouraging users to stake their assets on the network to increase financial security. In turn, the users who stake their tokens will receive token incentives as long as they allow them to stake.
The NFT marketplace on Enjin Coin (ENJ) is unique, as it uses ERC-1155 to bind the NFTs to smart contracts. The ERC-1155 standard can bind NFTs and fungible tokens to a smart contract. Therefore, NFTs are minted on Enjin Coin along with some ENJ coins to prevent NFT values from falling to zero. The fungible ENJ tokens give the NFTs a base value, so they cannot depreciate past this value.
Enjin Coin (ENJ) also offers its users free games to earn money and offers DApps that allow them to connect all their games to one central wallet. This allows them to move game assets from one game interface to another, helping game progress.
ENJ tokens are available on CoinMarketCap for $0.47.
Big Eyes Coin-Star Memecoin offers NFTs
Big Eyes Coin (BIG) was the top memecoin of discussion for the latter part of 2022, when its presale event broke the standing record of $19 million set by Ethereum in 2015. Currently, it has raised over $31 million from the event as users continue to troop to the platform.
The developers of Big Eyes Coin (BIG) have created some smart contracts to facilitate the presale event. These smart contracts, called lootboxes, contain BIG tokens for sale at discounted prices. The developers intend to put 70% of the token supply into the hands of the community and have decided to put the rest of the tokens to good use while the presale is going on.
There is also the NFT club, Sushi Crew, which will start its operations after the token launch. Big Eyes Coin’s NFTs will feature both user and developer projects, as both parties will be able to access the club to create their NFTs from different forms of digital content. The developers have also promised that the transactions on Sushi Crew will be free.
The Big Eyes Coin (BIG) presale is still on, but just barely. Click here to redirect to the presale page and get your STORE tokens.