Thankfully the market is starting to reflect some positivity on Monday, February 20th, with Solana leading the overnight gains. The Layer-1 blockchain Solana (SOL) stormed to an 11% rise over 24 hours, setting the pace for the chasing pack. The open-source, public cryptocurrency Filecoin (FIL) also turned a few heads on Monday morning, and Big Eyes Coin (BIG) continues rolling through its presale.
In this article, we will discuss the current state of play for Solana and Filecoin, as well as the future possibilities of these successful altcoins. We will also go through a few of the possible outcomes for the cat-themed meme-coins Big Eyes post-launch. Also, they have a few developments on the way!
Solana – Resistance Is Futile!
Solana’s decentralized blockchain platform proudly holds its title as the 11th-largest digital asset. Ran by the Solana foundation based in Geneva, Solana has gained success due to its speedy transaction rate and ability to run scalable applications.
According to Coinglass, in the 24 hours before writing this article, we saw around $5.86 million worth of Solana’s future positions liquidated per data. The recent upsurge has been an impressive rally, but it is still down 98.81% compared to its all-time-time trading high in November 2021 of $259.96. Things are going in the right direction, which is an excellent sign of things for the future.
Many analysts suggest its trading price could shoot to $40 if these gains continue. However, there has also been an assertion that If SOL fails to clear the $28 resistance, it may start to see a troublesome drop.
Filecoin, Keeping That Money Organized
The ever-improving digital payment system Filecoin has been moving from strength to strength in recent months. With its advanced cooperative digital storage data retrieval method, Filecoin has gained increased investor confidence throughout its development. Filecoins USP has centered around convincing you to rent out your digital storage space, thus strengthening the community.
Over the past week, from the point of writing this article, Filecoin has seen a surge in the market. With a volume increase of over 130%, people are starting to take notice! According to CoinMarketCap FileCoins native token, FIL registered an uptick of more than 77% over the last week, with a market capitalization of more than $3.29 billion.
Even though we have seen an impressive week for Filecoin, analysts suggest its price increase may peter out. According to a recent report from CoinCodex, the value of Filecoin’s price may rise by 18.41% and reach $7.67 during February, by February 22nd. Still, it may see a drop the moment the market sees any form of restriction.
Big Eyes Coin All About The Loot
Finally, we have the meme-coin cat-themed Big Eyes, which many suggest could be the most successful presale of 2023. The upcoming token has seen an impressive uptake in presale during the early phases and hasn’t seen much drop over that period, reaching almost $29m. It aims to launch when reaching $51 million. As the weeks go on, that number looks very doable.
In recent developments, we have seen Big Eyes offer up its new ‘Loot boxes,’ comprising three boxes, the $100 ‘Cute Box’ with gifts ranging from $100 – $5k worth of BIG. Next is the Kitty Vault at $500 with a chance to get between $500 and $24k, and the Super Saiyan Box, which costs $1000 to open and may gift you between 1k and 100k; well, wouldn’t that would be a lovely gift! The new presale kitty cats will release its loot boxes on February 21st.
It’s still early days to give a detailed price prediction for Big Eyes; we will need more use cases to be available. However, success is only a tiny stretch away if the presale is anything to go by.
Final Thoughts
It’s been a breath of fresh air to see the markets see gains throughout the crypto sphere this week, and long may that continue. As crypto projects enhance their coin offerings due to competition, improved investor need, or developers’ innovation, it’s positive to see things moving in the right direction but to make the predictions come true, you have to keep up the excellent work!
For More Information on Big Eyes (BIG), please visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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