This year has been challenging for cryptocurrency buyers. One of the most unexpected and distressing events has been the decline in the value of various well-known crypto networks. Major cryptocurrency players like Bitcoin (BTC), Terra (LUNA), and Ethereum (ETH) suffered due to the bear market.
Investors in Ripple (XRP) have had a nasty awakening recently. This year has seen some of the cryptocurrency market’s most negative times, making investors reconsider.
Investors are now seeking new ways to get in early and position themselves for the next bull market, which cryptocurrency market experts mostly favor.
Meanwhile, Big Eyes (BIG) emerges from the Japanese coastlines to preserve and redefine what a meme currency should be, causing Turbulence in the meme coin market.
Ripple (XRP)
Ripple (XRP) is still the seventh largest currency by total market capitalization. Still, its price is just $0.33 at the time of writing – only meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) have a lower price in the top 15.
Ripple (XRP), created by the US technology company Ripple Labs Inc, is a payment settlement system and currency exchange that provides services to banks and payment processors. Ripple describes its native token XRP as a “digital asset created for global payments.”
Ripple may support trades for a wide range of cryptocurrency and fiat currencies, with a tiny amount of XRP taken as a charge anytime a transaction occurs on the network.
With enormous costs sometimes associated with exchanging currency or transferring money over the globe, Ripple (XRP) is meant to address that issue, enabling large quantities to be moved rapidly and securely at a minimal cost to the user.
Ripple has been associated with several large financial institutions, including American Express, Standard Chartered, and Santander, and it looked like the firm and currency were prepared for a massive breakthrough in 2021.
The continuing SEC litigation, on the other hand, has had a significant influence on price action. They accuse the business and co-founder Chris Larsen and CEO Brad Garlinghouse of breaking US law by offering XRP as an unregistered security.
The SEC wants Ripple to pay $1.3 billion in fines and interest, and as Ripple continues to prosecute its case, the worry has shifted to prospective investors.
When global market circumstances recover, most experts anticipate XRP will rebound to at least $1, with prices reaching $5 by 2025. The most positive forecasters believe that the stock will be worth roughly $30 by the end of the decade, but the result of the current case will likely determine all price movement.
Big Eyes (BIG)
Big Eyes (BIG) intends to create a community-driven currency to redirect money into the decentralized financial ecosystem.
To protect an essential component of the global ecosystem, the blockchain network wants to donate 5% of its income to a charity wallet that will assist programmers centered on the ocean and marine life protection.
Big Eyes (BIG) intends to participate in what they consider a “billion-dollar industry” by designing a distinctive mascot and targeting specific philanthropic organizations. The mascot is a big-eyed feline with inspirations from Japanese anime.
The fact that they picked a kitten as their emblem sharply contrasts the canine-based canon that many meme coins have traditionally utilized as a model.
Cats are credited as the creators and developers of the Big Eyes platform, a revolutionary method that creatively draws people while adhering to the traditional anonymity concept centered on cryptocurrency.
The community will also choose the token’s fate, and many events are planned to entice people back and revitalize the village.
The NFT Sushi Crew, in which owners of Big Eyes-inspired NFTs can engage in forthcoming meetings and events, is one of these initiatives, along with comic books and other material that will build on the Big Eyes setting and characters.
BIG distinguishes itself by its dynamic tax system, democratic community management, and tax-free fees. As a result, this approach is highly intriguing and can elevate meme currencies to new heights and aid in the recovery of the bear market.
– Advertisement –
Source: https://thecryptobasic.com/2022/09/10/invest-in-these-tokens-and-see-your-money-multiply-during-the-next-bull-run-ripple-and-big-eyes/?utm_source=rss&utm_medium=rss&utm_campaign=invest-in-these-tokens-and-see-your-money-multiply-during-the-next-bull-run-ripple-and-big-eyes