2022 In Review
Volatility and unpredictability have been constant within the crypto markets, particularly across 2022 as wider macroeconomic indicators such as inflation and rising interest rates have caused panic. The crypto market has recently plunged dramatically in response, causing investors to worry and fear as many tokens returned to levels at the start of the previous bull run.
Crypto’s collapse, according to some experts, indicates that investors’ risk appetite is dwindling. They strongly oppose hazardous investments. With all of its risks and volatility, crypto is regarded as one of the most volatile financial products. Many billionaires have rejected cryptocurrency since it is a decentralized currency. However, the world’s richest man, Elon Musk, has lately tweeted in support of cryptocurrency.
Talking about Elon Musk’s support for crypto, he recently announced that his car company, Tesla, would accept DogeCoin (DOGE) as a payment method. DogeCoin is a meme coin that has grown exponentially over the past few years. Recently, many merchandises have started to accept crypto as a payment source. Crypto is also tradable and is an excellent option to invest your money and act as a hedge against inflation.
The crypto market dropped more than 1.3% in the preceding day and is again on edge to fall below the $1 trillion mark. As of 20th August, crypto has a net market value of $1.02 trillion. In this article, we discuss and compare some upcoming cryptos that may be a savior in this falling crypto market.
Exploring The All New Big Eyes Coin (BIG)
Big Eyes Coin (BIG), a newcomer to the cryptocurrency market, presents itself as a community-driven meme coin that aims to shift money into the DeFi ecosystem. BIG also works to protect the ocean, which is an essential component of the global ecology, by donating 5% of its holders’ earnings to sea-based NGOs. Furthermore, the blockchain network wants to use NFTs to establish a self-propagating hypergrowth platform to enable access to new events and content that will make the hype-ship worthwhile to board.
In the cryptocurrency business, meme currencies are generating quite a stir. Several well-known public figures have endorsed meme coins as safe investments. Even if there are hundreds of possibilities available, if you are inexperienced with the meme coin market, it may be difficult to determine the best ones to purchase.
Recently, meme-based currencies have gained popularity. Meme coins, as the name suggests, are a type of cryptocurrency inspired by memes, which are humorous thoughts maintained in a photograph, video, or other forms of media. The most popular meme currencies in the crypto market are Dogecoin (DOGE) and Shiba Inu (SHIB). Big Eyes Coin (BIG) requires a self-propagating ecosystem if the community is to fulfill its goals of shifting money to the DeFi ecosystem and protecting an essential component of the world’s ecology. Except for the charity, which provides both cash and popularity for the initiative, each component of the company generates wealth and popularity.
Unique Features Offered By Big Eyes (BIG)
Value The Community
Once crypto is turned into cash, they tend to lose sight of where the genuine value is – the community. Millions of individuals could be doing anything – call it the cognitive surplus if you want, but they gave birth to the crypto market and constructed the Metaverse, NFTs, and DeFi today as we know it. The Big Eyes (BIG) cat society has the money, expertise, and mechanisms to construct the now, and cats will flourish in all of them to create the next for the Holders before anyone else (HBAE).
The Big Eyes Sushi Crew Club
Big Eyes Coin (BIG) runs the Big Eyes Sushi Crew club. This club is designed specifically for those with large eyes. NFT Holder is one of the platform’s most significant initiatives. It intends to gather NFTs in the top ten projects and hold annual NFT events!
Profits from NFTs, as mentioned above events will be voted on whether or not they are lighted. This is a fantastic concept from the company since the community may decide whether to reintroduce the tokens into circulation or burn them to keep the price consistent. Regardless, Big Eyes Coin (BIG) is achieving its aim of being community driven.
Start Saving Ocean With Big Eyes (BIG)
This new cryptocurrency intends to make a fortune and rescue the oceans. Entering the meme currency community, Big Eyes Coin (BIG) is altering the scene with its adorable crypto cat that loves sushi. With unsurprisingly large anime-style eyes, this cat is sure to win hearts throughout the world, and all he wants is for the cryptocurrency coin to be circulated to preserve the oceans.
Ocean sanctuaries enable fish stocks to recover by introducing more (and larger) species. These fish should be healthier without the direct influence of oil drilling and pollution. This is critical for people who rely on fish for food and aids in climate regulation.
Flow (FLOW)
Flow (FLOW) is a cryptocurrency that is intended for use as a virtual currency in gaming and other applications. Since then, it has grown in popularity and market value since its release in September 2020. Flow (FLOW) uses a revolutionary consensus approach called “gauge protocols,” which makes it more scalable and effective than other cryptocurrencies. Its primary use is to facilitate in-game purchases, but it may also be used to store digital art or data. Although Flow (FLOW) has been highly favorable to early investors, its long-term success is uncertain.
Flow (FLOW) is a blockchain-based platform for developing and delivering next-generation dApps, games, and digital assets. Users and developers may expect to benefit from a multi-role architecture that allows them to grow digital assets without sharding, increasing throughput and performance. Flow (FLOW) is ranked 29th on CoinmarketCap as of 20th August 2022, with a coin market value of $2.2 billion. The coin’s value has declined by 3.41% in the last 24 hours and plummeted by 25.08% in the previous week.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is the second most popular meme coin, behind Dogecoin (DOGE). The coin draws from the same-named dog breed, drawing influence from Dogecoin (DOGE) by putting the Shiba Inu dog (SHIB) in the coin’s design.
Despite this, Shiba Inu retains the moniker “Dogecoin Killer” since the creators consider it the most dangerous contender in the meme coin sector of cryptocurrency. The coin was established in August 2020 by an unknown individual who goes by the alias ‘Ryoshi’ and has said that their identity is unimportant. SHIB has risen in popularity and value owing to its uniqueness since its unexplained entry into the crypto market.
Shiba Inu (SHIB) and Blockforest have established a solid relationship to launch a series of NFTs for the FIFA World Cup 2022. The meme coin’s popularity will rise as the FIFA World Cup is likely the most important athletic event of the year. The Shiba Inu (SHIB) also has its own Metaverse initiative. The project was launched in stages. In April this year, 36,000 plots were unlocked in the first phase, and 100,000 plots were distributed. Shiboshi NFT holders have access to the Shiboshi Zone, a particular location in the Metaverse.
Shiba Inu (SHIB) is ranked 12th on CoinmarketCap as of 20th August 2022, with a coin market value of $7.3 billion. The coin’s value climbed by 3.41% in the last 24 hours and increased by 5.83% in the previous week.
Final Thoughts
You could be wondering which cat and dog meme coins are most viable for you. This is entirely dependent on what you are looking for as a buyer. Big Eyes Coin (BIG) may be the correct investment if you are looking for a meme currency that fills a need and has a niche. Furthermore, Shiba Inu (SHIB) may be a fantastic alternative for you if you seek an established dog currency that has proven itself in the crypto market and has minimal risk considerations.
The future of meme currencies has never looked brighter. With Dogecoin, for example, retaining a respectable reputation, it looks to be a promising investment alternative. Furthermore, if purchasers seek a new meme currency that intentionally separates itself from others through specialized branding, they should keep Big Eyes Coin (BIG).
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- Big Eyes Coin: A Brand New Token With The Potential To Give Massive Returns Just Like Shiba Inu and Flow – August 25, 2022 5:27 am EDT
- Big Eyes Coin, Tamadoge, and Dogecoin – The Hype Behind Meme Cryptocurrencies – August 25, 2022 5:17 am EDT
- The Saviours from The Crypto Crash: Stakenomics and The Sandbox – August 25, 2022 5:07 am EDT