The global cryptocurrency market seems to be back in the green zone after a week of bearish market sentiment that saw the global crypto market cap decline from $1.09 trillion down to $997 billion following the US Security and Exchange Commission’s charges against Kraken for allegedly offering its staking as a service program as an unregistered security and immediately prompting concerns of a wider regulatory crackdown on cryptocurrency.
At the time of writing, the global cryptocurrency market capitalization had risen by 1.26% to $1.01 trillion. The scrutiny on the cryptocurrency industry rippled across the board leaving many cryptocurrencies to trade in the red. However, with indications of the beginning of the next bull cycle, top cryptos like Ethereum (ETH) and Binance Coin (BNB) have seen slight recoveries in prices while Big Eyes Coin (BIG) has made steady gains in its Initial Coin Offer (ICO).
Ethereum, Setting Up For The Bull Run
After being within striking distance of hitting the $1700 mark last week, Ethereum’s (ETH) price slumped to $1471.68 but later overcame the $1500 resistance to trade at $1508.97, a rise of 1.43% from the previous day.
As indicators are pointing at a bull cycle ahead, experts suggest that a clear move for Ethereum above the $1,600 and $1,610 resistance levels may rejuvenate a move to the $1,700 mark. The analysis indicates that an even higher gain could raise Ethereum’s potential of sending its price toward the $1,780 resistance zone or even $1,840 not too far from now.
Binance Coin, A Longer Wait For the Bull Run?
Binance Coin (BNB), an exchange token that lets holders enjoy reduced trading fees and perks for exchange users, saw its price crumble from $334.44 down to $283.7 caused by the crackdown by the US Securities and Exchange Commission and New York Department of Financial Services, before marginally recovering a day later to trade at $292.37.
Despite BNB’s recovery, its price continues to remain highly volatile with experts suggesting that it may bounce back and achieve $380 or may plummet further to $260 before eventually making a bull run.
Big Eyes Coin, Setting the Benchmark in Crypto Presale
A community-owned cat-based meme token, Big Eyes Coin (BIG) has now become the most successful presale in cryptocurrency in recent times as it has now raised over $27 million in presale tokens. And as a mark of celebration, Big Eyes Coin is giving away five PlayStation5s to its community.
Now in its 11th stage and with 4 more left to go, Big Eyes Coin plans to reach its $50 million presale target before going live, and in a remarkable move that would offer higher returns to the buyer, Big Eyes Coin has extended its promotion code LAUNCHBIGEYES200, but this time it will surely expire on 20th February. Investors now have less than 7 days to make their BIG purchase using the LAUNCHBIGEYES200 bonus code that would give a 200% return on the purchase of a BIG token when the currency goes live.
In another development as far as the promotion code is concerned, investors buying a BIG in stage 11 can now use the LAUNCHBIGEYES200 bonus code and make a 300% ROI at the launch price. Big Eyes Coin can be purchased using Ethereum (ETH), Binance Coin (BNB), Tether (USDT), Bitcoin (BTC), Tether (TRC20), Dogecoin (DOGE), TRON (TRX), and Binance USD (BUSD).
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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