Ethereum (ETH) and Shiba Inu (SHIB) dominate different sectors of the crypto market. While Ethereum is the largest smart contract platform in the crypto market, Shiba Inu is the second largest meme token. Another figure emerging in the market is Big Eyes Coin (BIG). This platform just hit the $30 million milestone in its presale, showcasing the hype surrounding the ecosystem it has built.
Big Eyes Coin Continues Record-Breaking Presale
Big Eyes Coin hitting the $30 million milestone has shown just what the platform is capable of. Big Eyes Coin is one of the most exciting prospects in the meme token space to date, with an express goal of shifting wealth into the DeFi ecosystem.
Although shifting wealth into the DeFi ecosystem and making DeFi more accessible is Big Eyes Coin’s main objective, the platform is also involved with several other crucial sectors in the crypto market. These include charity and NFTs.
The charity aspect of Big Eyes Coin includes a 5% wallet that makes regular contributions to ocean conservation charities. Additionally, Big Eyes (BIG) will release an NFT collection that it believes will reach the top ten projects. If Big Eyes (BIG) achieves this ambitious goal, the profits generated from holding a Big Eyes Coin NFT could be huge.
Will Ethereum See Increased Traffic From BIG Users?
As mentioned above, Ethereum is the largest smart contract platform in cryptocurrency, hosting 2,700 decentralised applications (dApps). The blockchain recently upgraded its consensus to Proof-of-Stake (PoS), allowing the network to scale effectively.
The hype surrounding Big Eyes Coin has led experts to believe that Ethereum will receive increased traction from Big Eyes Coin users as it builds on Ethereum. This could help boost the Ethereum network further if it hosts more successful cryptocurrencies on its blockchain.
Ethereum, like most of the crypto market, entered a positive trend at the start of 2023. This trend has continued through February, with the crypto giant increasing its market capitalisation by 10.89% in the past seven days at the time of writing.
Shiba Inu Maintains Positive Trend
Shiba Inu is the biggest meme token in the crypto space behind Dogecoin (DOGE). The platform is the only cryptocurrency to realistically challenge Dogecoin’s dominance, climbing to the thirteenth-largest cryptocurrency by market capitalisation.
However, with the introduction of Big Eyes Coin, Shiba Inu’s dominance could be tested. Although Shiba Inu hosts some innovative tools and services on its platform, the hype surrounding Big Eyes (BIG) suggests that Shiba Inu’s title of the ‘Doge Killer’ could be under threat.
Shiba Inu has still maintained a positive trend through Q1 of 2023. The platform has increased its market capitalisation by 6.25% in the past seven days at the time of writing, making it a good contender for your portfolio in 2023.
Final Thoughts
As mentioned above, Ethereum could see increased traction on its platform after the launch of Big Eyes Coin. However, Shiba Inu could receive new competition from Big Eyes Coin as it aims to become the most talked about meme token by 2030.
For more information on Big Eyes Coin (BIG), please visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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Source: https://www.thecoinrepublic.com/2023/02/23/big-eyes-coin-raises-30-million-in-one-of-the-biggest-presales-in-history-what-does-this-mean-for-ethereum-and-shiba-inu/