Crypto traders should always do their due diligence before investing in cryptocurrencies. Big Eyes Coin (BIG) is one of the newest meme coins that boast a successful presale, recently reaching about $30 million. Meanwhile, there are also other bigger names in the crypto market, such as Solana (SOL) and Polkadot (DOT), with stable performance in the last 7 days.
What Makes Big Eyes Coin’s Presale a Success?
Big Eyes Coin (BIG) is one of the newest tokens in the meme coin market and has been building a solid community of coin and cat lovers called the “cat crew”. A lot of crypto publications have been talking about this new meme coin, but what makes it look promising?
On February 21st, the team behind Big Eyes launched their Loot Box Campaign. Within 1 minute after the Loot Box launch, Big Eyes sold 20 boxes, which shows that the BIG community is getting BIGger and is actively supporting the project.
BIG is already over halfway through its presale, and there is no way of stopping them from achieving its goals. This is where crypto traders should discern the situation more carefully. If they pass the opportunity to buy Big Eyes Coin early on its presale stage, they will have fewer chances to make more profits when the coin launches on an exchange.
Traders Lose Trust in Solana after a Price Nosedive
Solana (SOL) holders are taking their profits back after prices failed to break and stay above $26 in the third week of February. As of February 23, Solana’s price stays at $24.32, and bulls are expected to take advantage of the situation.
However, the broader cryptocurrency market is rallying despite news about the Fed policymakers, discussing a return to 50 bps rate hikes. If the resilience continues, it could lift SOL. Nevertheless, the digital asset remains over 90% below 2021’s record highs, even after recovering 180% from its late-2022 lows of around $8.0 per token.
Polkadot Falls after Federal Reserve’s Meeting
Polkadot (DOT) is one of the many cryptocurrencies that fell this month after the Federal Reserve’s meeting on February 1. After the minutes have been released, there was no seemingly dramatic movement seen in the market for this digital asset.
In the third week of February, the Chinese altcoin’s price was down by 3.4%. Many investors have been doubtful. Although the price growth was slow, the labor market has remained strong. It can have its disadvantages as a strong labor market could force the Fed to continue hiking interest rates, especially when its goal is the opposite.
Crypto investors are still concerned about a recession happening, though chances could be slim.
If you are looking for a fun way to invest in new crypto coins, Big Eyes Coin may be the right coin for you!
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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Source: https://www.thecoinrepublic.com/2023/02/25/big-eyes-coin-presale-going-strong-while-solana-polkadot-face-challenges-head-on/