Much like the rest of the year, the crypto market is experiencing a downward trend. The crypto giants are falling, and users are worried about which cryptocurrency to pick for their portfolio in Q4. This negative trend has come as a surprise to many cryptocurrency enthusiasts as cryptocurrencies historically perform well during Autumn. Bitcoin (BTC) reached its all-time high in November 2021.
Ethereum (ETH) and Dogecoin (DOGE) have declined heavily in the past seven days, showcasing how volatile the crypto market can be. So, will Big Eyes Coin (BIG) become a haven for the crypto community while crypto giants are declining in the market? This editorial piece will examine the use cases of Big Eyes Coin and whether it has what it takes to compete with Ethereum and Dogecoin.
Big Eyes Coin Looks To Replicate The Success Of Crypto Giants
Big Eyes Coin has designed an ecosystem that facilitates growth for the DeFi ecosystem while prioritising sustainability. The new meme token will host an NFT collection, which could reach the top ten projects. Additionally, Big Eyes NFT holders can utilise the NFTs as keys to special events, parties and clubs on the Big Eyes Coin platform.
As mentioned above, Big Eyes Coin prioritises sustainability. To remain sustainable Big Eyes Coin has set up a dedicated charity wallet. The charity wallet contains 5% of BIG tokens and will make regular contributions to ocean conservation sanctuaries. Big Eyes Coin has already donated $2000 to Orca Network, inspired by the philanthropic work of Snoop Dogg.
Big Eyes Coin is rampaging through each of its presale stages, representing a unique opportunity to the crypto community as the token is unaffected by the crypto crash. Big Eyes Coin has raised $9.71 million at the time of writing, showcasing the community’s excitement surrounding the platform.
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It has been a tough week for Ethereum holders. The crypto giant has declined by 22.56% in the past seven days at the time of writing. However, like the crypto market usually does, Ethereum is likely to bounce back and provide good returns in the future. This decline could represent a unique buying opportunity for users if Ethereum rises in the coming weeks.
Although Ethereum is experiencing a downward trend, its ecosystem recently underwent a technological upgrade. The Ethereum 2.0 merge saw Ethereum switch from a Proof-of-Work (PoW) consensus to Proof-of-Stake (PoS).
In switching to a PoS consensus, Ethereum reduced its large carbon footprint by 99.95%! Additionally, Ethereum can reach an unfathomable number of transactions per second, going above and beyond Solana’s (SOL) impressive 50,000.
Dogecoin Plummets After Price Rally
Dogecoin was the recipient of an incredible price rally after the news that Elon Musk purchased Twitter. Dogecoin had risen by 160%, bringing its market capitalisation to $15 billion!
However, Dogecoin has since fallen from its high, declining by 31.02% in the past seven days. The decline has taken its market capitalisation down to $10.9 billion at the time of writing, showcasing how volatile the crypto market can be.
Although Dogecoin is plummeting, Elon Musk could help the meme coin giant rise again. When Elon Musk accepted DOGE as a valid currency for Tesla merchandise, Dogecoin experienced a price spike. If Elon Musk accepts DOGE as a currency for tipping creators on Twitter, we could see the same trend occur.
Ethereum and Dogecoin are currently experiencing a downward trend. However, like the crypto market, they are likely to bounce back, making them potentially ideal cryptocurrencies to purchase.
Big Eyes Coin also offers a unique buying opportunity. The new token is unaffected by the market slump and is garnering a lot of attention from the crypto community thus far.
For more information on Big Eyes Coin (BIG), please visit the following links:
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