Overview
Despite being a fairly new medium of transaction, cryptocurrency has become a key factor in the financial world. The driving forces behind the expansion of the global cryptocurrency industry are the rising demand for payment systems in developing nations, paired with operational efficiency and transparency, and the improvement of data security.
However, where there are highs, there are always lows. Cryptocurrency has been plagued by cybercriminals in recent times and caused investors to suffer heavily, which has prompted lawmakers to echo calls to regulate the crypto industry. Scrutiny of the sector grew even more intense in November last year when FTX Trading, the third largest crypto platform, suddenly collapsed and declared bankruptcy.
Regardless though, the acceptance of cryptocurrency has seen overwhelming growth over the years, and new cryptocurrencies have been making entries into the market consistently, with as many as 30 cryptocurrencies being added over the past 24 hours alone. While currencies like Ethereum (ETH) and Shibu Inu (SHIB) look to stabilize and put the events of last year behind them, fresh tokens like Big Eyes Coin (BIG) are laying the foundation for the next generation of cryptos.
Big Eyes Coin, Making Generational Gains
Being a new entry to the cryptocurrency market, none would have expected the success Big Eyes Coin (BIG) is having as a new meme token.
Big Eyes Coin is a cat-based meme coin platform built on the Ethereum Network to transfer wealth into the Decentralized Finance (DeFi) ecosystem. While the cryptocurrency market suffered a huge loss in value in 2022, Big Eyes Coin remained unfazed as its presale, which was launched in August 2022, continued to rack on numbers. And now in its 11th stage, Big Eyes Coin has raised close to $25 million in presale tokens.
The meme token describes itself as a certified wealth earner, as investors still have a window of opportunity to use the Big Eyes Coin promotion code LAUNCHBIGEYES200 which offers early investors a 200% bonus when the meme token goes live. In the cryptocurrency world, this is good as gold as Initial Coin Offers (ICOs) are likely to allow investors to acquire tokens at a discounted price before they are accessible to the general public and could also give early access to potentially high-growth tokens, as well as the option to become a member of a project’s community and decision-making process.
As it intends to hit $50 million in presales before going live, Big Eyes Coin’s environmentally friendly roadmap details its ambitions toward the cause. Big Eyes Coin has laid out plans to hold 5% of its total token supply to be donated to various ocean-protecting charities.
Ethereum, Stabilizing Crypto Growth
Ethereum (ETH, the second most popular cryptocurrency in the world, controls 18.9% of the total dominance in the crypto market.
While Ethereum’s price is expected to reach $1700, much to the expectation of investors and experts, it appears to have been lingering around the $1670 – $1680 mark. At the time of writing, Ethereum was priced at $1671.01 but was indicating a weekly growth of 5.45%.
Shiba Inu: Treading Through Unsettling Times
Self-proclaimed as the “DOGECOIN KILLER,” Shiba Inu (SHIB) has been making steady gains over the past 30 days. During this period, Shiba Inu recorded a growth of 58.23%.
However, experts were slightly wary as Shiba Inu’s volume indicated a dip of 9.71% over the 24-hour trading period that had preceded, which suggested that the crypto’s consolidation may be taking place within a bull flag pattern.
At the time of writing, Shiba Inu held a market capitalization of $7.7 billion and a 24-hour trading volume of $428 million.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
