Since the FTX Exchange collapsed on November 11th, the crypto industry has been struggling to recover. The crypto economy wasn’t doing great, to begin with, but this recent event has only added insult to injury.
Who would have imagined that after peaking at an astronomical $64,978.89 in November 2021, Bitcoin (BTC) would decline to a value, at the time of writing, of just $16,567.70?
Or that Ethereum (ETH) would reach an all-time high of $4,733.36 and then plummet to a less impressive $1,196.03.
Not to mention, the likes of Binance (BNB), Dogecoin (DOGE), Ripple (XRP), and Cardano (ADA) are many miles away from their highest values.
Thankfully though, not all cryptocurrency news is doom and gloom.
After raising over 10 million dollars in its presale so far, securing a Tier 1 CEX Launch, and being showcased on a 3D billboard in Times Square, Big Eyes Coin (BIG) represents a small light in the tunnel for the cryptocurrency universe.
And Big Eyes Coin has no intentions of stopping its notable breakthrough by offering a coin bonus at checkout, using the code BIGPRIZE83.
Can Bitcoin Become Great Again?
Bitcoin has always had its fair share of ups and downs. When it was first released in 2009, it was worth less than $1. Then after a few years in 2013, it reached around $100, before getting into the thousands club in 2017.
From 2017 onwards, the first-ever crypto created has fluctuated constantly.
It famously peaked at the end of 2017 at around $19,000 before plummeting to as low as approximately $3,000 in the year after. Then before you could blink, Bitcoin exceeded $20,000 near the end of 2020.
Bitcoin is a rollercoaster ride. Nevertheless, you only need to look at its market history to see that it always eventually bounces back in stunning fashion.
Is The Recovery Of Ethereum Inevitable?
Like Bitcoin, Ethereum has had its highs and lows over the years. However, in contrast to Bitcoin, it is such an important component of the crypto industry’s functionality.
Ethereum is used in the development of decentralized applications without a third party. Hence, platforms such as UniSwap and OpenSea allow a range of marketplaces to exist.
Besides, its role in the creation of NFTs. Some of the most profitable and attractive NFTs on the market like the Bored Ape Yacht Club (BAYC) and CryptoPunks are built on the Ethereum blockchain.
Therefore, so long as the crypto universe is around, Ethereum will be used frequently which should lead to its resurgence down the line.
How Far Can Big Eyes Coin Go In The Crypto Economy?
Big Eyes coin is set to revamp the crypto world by proposing ocean-saving charity donations, top ten NFTs, and an exciting, fun community of like-minded individuals.
Big Eyes Coin intends to donate 5% of its total supply to ocean-saving charities. Thus, every investor will be passively helping to clean up the oceans, enhancing the health of fish and slowing down the rate of global warming.
Likewise, for NFTs, we can only imagine that the Big Eyes creators will release an unbearably cute collection of digital items. And if they are especially unique, they could be sold for huge profits.
As for its community, Big Eyes Coin has ambitions of hosting a range of enjoyable events so investors can mingle with fellow cat lovers.
The cryptocurrency news isn’t the most uplifting read for crypto enthusiasts, due to the decline of crypto powerhouses like Bitcoin and Ethereum. However, the emergence of Big Eyes Coin has the potential to bring some much-need positivity to the crypto community.
Big Eyes Coin (BIG)
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