Big Eyes: The Meme Coin Set to Overtake Ethereum

Fading Glory: The Tale of Two Currencies in Decline

While Ethereum (ETH) and Bitcoin (BTC) have enjoyed absolute market dominance over the crypto market for many years, signs do not bode well for these pinnacles of the blockchain industry. Could it be time for an upset in the market?

Ranked #1 and #2 on the global rankings for cryptocurrencies according to coinmarketcap.com, Bitcoin (BTC) and Ethereum (ETH) have attracted no small amount of press, both positive and critical. They have also generated a staggering amount of money for investors. Entire livelihoods have been made and broken on both of these platforms.

These tokens should be credited as the cryptocurrencies that brought blockchain finance into the mainstream, and are still used today as the building blocks of almost all smaller cryptocurrencies.

However, despite these impressive accolades, Ethereum (ETH) and Bitcoin (BTC) are not without fault or flaw.

Concerning Bitcoin (BTC), a question has arisen many times in the minds of cryptocurrency analysts: when will this antiquated platform be surpassed?

As the founding father of blockchain currencies, there are aspects to BTC that mark it as a product of the past. Transactions on its platform still require ‘proof of work’ computing, an inefficient and environmentally disastrous procedure requiring expensive equipment.

This founding basis for operation drains an enormous amount of electricity to function, leading billionaire Elon Musk to declare in 2021 that his company, Tesla Incorporated, would no longer accept BTC tokens as payment due to its environmental impact. This came as a shock to the crypto community, as Musk has oft been a champion of cryptocurrencies and the potential they have to reshape the finance world.

The omens of the markets do not bode well for Bitcoin (BTC) currently. The coin shockingly collapsed in value earlier this year, due in part to U.S. Central Bank’s efforts to control inflation – this caused a panic crash of BTC, showing the currency’s dependency on mainstream financial considerations to thrive.

Some hope remained among proponents of the token that it would bounce back stronger than it had ever been. That hope has not yet been realised – despite the Central Bank easing many of the restrictions it had put in place that disrupted Bitcoin (BTC) in the first place.

This brings us to our conclusion for Bitcoin (BTC) – as a bedrock of decentralised finance, this coin is leashed inexorably to the conventional stock market and its politicised whims. While this token will never be forgotten, it may be sooner than expected that it is dethroned by new and innovative currencies looking to carry the DeFi torch into the future.

Ethereum (ETH), by comparison, would seem at first to be more suited for a long-term mainstay of cryptocurrency. The uses for this platform far exceed those of Bitcoin (BTC), and its software architecture has been employed in such varied ways as in digital land ownership and as in-game currency that can be earned while playing online.

However, this remarkable token is plagued by the demon of true decentralisation – whales. A whale is an individual or group that holds a significant amount of stock or currency, meaning their actions impact the rest of the holding community. Whether they buy, sell, or trade their assets, whatever they do has a huge effect on the collective wealth of the rest of the coin’s investors.

Even in the past week, whale wallets have dumped over $4B worth of Ethereum (ETH), tanking the price of the coin.

Fans of truly decentralised finance will struggle to invest with full hearts in this coin. Its future is undeniably tied to the actions of a few token holders, defeating the concept of decentralisation. While token holders may not be beholden to mainstream financial institutions, they are certainly at the mercy of those fortunate enough among us to be labelled an Ethereum (ETH) Whale.

New Flame: Big Eyes Coin

Now we arrive at the biggest surprise of Autumn 2022: Big Eyes Coin (BIG). Not only does this meme coin offer a compelling array of features and benefits, but it has also captured a shockingly successful presale phase – the coin has raised over $8M so far. All signs are pointing to a promising future.

Let’s examine three key factors that could allow Big Eyes to overtake Ethereum (ETH) and Bitcoin (BTC).

The first is true decentralization. An explicitly stated goal of the Big Eyes team is to ensure community ownership. At launch, 80% of the coin’s total supply will be for sale to its community. In the infancy of the coin, this is a significant move: it will mean that many people can get on board with the token and become holders. It is therefore unlikely that this coin will be hoarded by whales as is Ethereum (ETH.)

The second is accessibility. Transactions involving Big Eyes Coin (BIG) will be free from taxes and hidden fees, regardless of circumstance. In addition, beginners to the cryptocurrency world will be able to find comprehensive and clear instructions on the token’s associated help function, Big Eyes Swap.

The third is security. Not only has the team behind Big Eyes been verified by CoinSniper and found to be 100% reliable, but the contract underpinning their token was audited by Solidity Finance and returned flawless results.

In closing, while Bitcoin (BTC) and Ethereum (ETH) have enjoyed well-earned stays at the top of the cryptocurrency rankings, it seems inevitable that sooner or later, an innovative team with a comprehensive offer will pip these two titans off their perch at the top of the blockchain marketplace.

If Big Eyes excites you and you want to get in early, make sure to claim bonus tokens by applying the code: BEYES788

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.

Source: https://en.cryptonomist.ch/2022/10/19/big-eyes-meme-coin-overtake-ethereum/