It has been a week of gloom in the crypto world, and the market is now showing signs of a slow climb out of the rut. Ethereum (ETH) spent most of the week in the red but has climbed 1.7%. Mirroring ETH is the Solana network, whose SOL rose 1.4%.
But even in the gloom of a bear market, there are outliers to the downward trend. Big Eyes Coin (BIG), a meme coin in presale, has wowed market watchers by pulling in more than $35 million.
Ethereum Prepares for Breakout
Ethereum had a tough start to the month, with prices coming down to $1,890 levels after a high of $2,127 set in mid-April. ETH’s climb down in price mirrored the market while fundamentals remained strong. The network successfully implemented the Shanghai update and is now a fully proof-of-stake (PoS) network.
Ethereum boasts the largest crypto ecosystem and the largest developer community on top of it. The network is continually updated and the transition to PoS from a proof of work (PoW) consensus mechanism has brought efficiency in transaction speed and energy efficiency. The network is next looking for its next upgrade, which will improve its scalability, where the network will be split into smaller networks.
Solana Looks to Climb Out of Bear Market
Solana ranks second among networks with the most active addresses. The network is highly scalable and is currently the fastest blockchain in the world. Solana is one of the preferred networks for building dApps and DeFi projects. The network’s high speed and low fees are combined with high security and decentralisation, making it ideal for DApps requiring high throughput and great scalability.
SOL is trading at $22.24, representing a 1.9% climb. The token had been red for most of the last 3 months. The adoption of the Solana network for dApps and DeFi is on the rise, and the token has great potential in the DeFi-based future.
Big Eyes Coin Sets Out for Meme Coin Supremacy
Big Eyes Coin has stated that it will wind down its presale on June 3. The network has brought in an astonishing $35 million, much to the market’s amazement. The cat-themed has announced the release of the END300 promo code to celebrate the end of the presale. The code gives buyers a 300% bonus on their purchase of BIG tokens.
Big Eyes Coin has set June 15th as its launch date, and the network has given investors a peek into its future. The token has announced that it will build the Big Eyes Casino post-launch, which will have over 4000 play-to-earn (P2E) titles and use BIG as its utility token. The cat crew had launched NFT cards which buyers can use to mint BIG NFTs that can be traded on OpenSea.
The launch of Big Eyes Coin will see the network build up its ecosystem, and the token will see a climb in value after launch. The token already has huge momentum, as seen from its great presale investment figures. BIG will look to take on the likes of Dogecoin and Shiba Inu with its community-centred network.
The Last Bite
The crypto market seems to be on its way back from the bear market, and Ethereum and Solana are posting figures that signal a recovery. The market recovery provides the perfect setting for Big Eyes Coin to launch. The project hopes that its roadmap for the future, with great plans for its ecosystem, will give it enough ammunition to win against Dogecoin (DOGE) and Shiba Inu (SHIB).
So waste no more time and join the Big Eyes Coin presale. Don’t forget to use the END300 code to gift yourself a big bonus of BIG.
For more on Big Eyes Coin (BIG):
Presale | Website | Telegram | OpenSea | Twitter
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Source: https://beincrypto.com/big-eyes-thrives-bear-market/