Cryptocurrency’s expansion over the years has transformed the industry into a highly critical and valuable asset to the financial trading system. The key drivers behind the expansion of the cryptocurrency industry are the increasing demand for remittances in developing nations, operational efficiency and transparency in financial payment systems, and data security. Though the technology behind blockchain and cryptocurrency is complex and technical, the impact they have had on the finance industry has been immense.
Cryptocurrency has also diversified within itself with the creation of meme coins which have gained a significant amount of popularity since its creation in 2013 with the launch of the very first meme token Dogecoin (DOGE) and its rival Shiba Inu (SHIB). Though meme coins tend to be highly volatile, they are mainly community-driven and can gain popularity overnight due to online community endorsements and they often have a huge or unlimited supply. While DOGE and SHIB dominate the meme coin industry, they may be in for some competition with the entry of Big Eyes Coin (BIG).
Dogecoin, Musk Doge Tweet Ineffective
Dogecoin’s (DOGE) price seemed unfazed by Tesla CEO Elon Musk’s latest “doge” reference on Twitter which he said that it had come a time for him to confess “I let the Doge Out”. The tweet briefly spiked by 6.5% from $0.0829 to $0.0886. The price, however, later dropped as Dogecoin the meme coin came under pressure in tandem with the wider crypto market.
At the time of writing, Dogecoin was trading at $0.08435 and the most recent analysis on its price is indicating a rise as the bulls have returned to the price charts and the bullish momentum is gaining strength.
Shiba Inu, Potential Breakout
Shiba Inu (SHIB) has been enjoying some volatility as its price posted a decent recovery at the beginning of 2023 but has since seen a pullback in value, which gave its traders the impression that a downtrend might be on the way. However, the current conditions of the market are indicating a rather opposite price momentum. Despite the volatility, Shiba Inu has been trading in a consolidation since early February.
Shiba Inu spiked by more than 84% in the span of a month between January and February before it observed a pullback in its price. Consequently, SHIB dropped from the high of $0.00001472 to its current trading price of $0.00001311.
Big Eyes Coin, Powering Away with BIG Loot Boxes
After being named the most successful presale in recent times for cryptocurrency, Big Eyes Coin (BIG) has come closer to its launch target of $50 million as it has now raised $30.19 million in presale tokens. And with the success it has been having in its Initial Coin Offer (ICO), Big Eyes Coin has made its presale far more exciting with the creation of the Big Eyes Coin Loot Boxes.
Big Eyes Coin is currently in its 12th stage and will conclude at stage 15 before it goes live, which essentially means buyers have very limited time to get their BIG tokens at the current price of $0.00049 which will increase further and slim the chances of making heavy returns at launch.
Investing in Big Eyes Coin’s presale tokens is advantageous for users as it will allow tokens to be purchased at a discounted price and give early access to potentially high-growth tokens, as well as the option to become a member of Big Eyes Coin’s community and decision-making process. And since Big Eyes Coin is a community driven meme token, 90% of it will be owned by the community at launch.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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Source: https://www.thecoinrepublic.com/2023/02/27/big-eyes-coin-powers-presale-with-loot-box-delight-dogecoin-shiba-inu-conscious-of-new-competition/