As time goes on, the idea for a meme coin has gained more and more respect and adoration among the cryptocurrency community. Dogecoin was the first widely adopted joke money, although investors were not very interested in the meme cryptocurrency owing to its volatility and dearth of uses.
There are several benefits to buying meme coins. The capacity of influencers and celebrities to remain fashionable has allowed several meme commemoratives to maintain a high place in the cryptocurrency demand. Since Elon Musk is a well-known name in the cryptocurrency industry and many people purchase cryptocurrencies, idiots let him choose which new design or coin to invest in.
Big Eyes Coin (BIG) investing in presale’s isn’t too bad
The Big Eyes Coin presale is moving along “purrfectly” as they have reached stage five and have thus far raised $9.72 Million. We can only hope for the best for the meme currency as the Big Eyes Coin gears up for the release of the Sushi Crew NFT and the opening of the “Supurrr Store.”
Unveiling a new meme coin project, The Ethereum network is where Big Eyes Coin runs. The Ethereum blockchain has proven to be the best platform for the Big Eyes Coin team to launch their project. Owners of the DeFi-powered community will have the right to veto decisions because the initiative will function according to a DAO paradigm. If you have a BIG token, you may vote to approve important decisions and project development procedures by offering recommendations and casting your vote.
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Using non-fungible tokens, Big Eyes hopes to raise the value of the assets within its community. Its endearing cat memes may help it gain popularity in the NFT market. Big Eyes Currency is working to increase the number of people who follow it on social media, and it is anticipated that after the coin is introduced, this number will rise.
Dogecoin (DOGE) off its leash
Following the news that China would forbid its banking sector from funding the cryptocurrency business, Bitcoin and its merry band of crypto devotees suffered.
Dogecoin arose as cryptocurrencies started to lose some of their appeals. Supplying intriguing new peer-to-peer options that are ready and waiting for a generation looking for entertaining meme tokens. Things for the meme coin quickly changed when Elon Musk updated his Twitter profile image to the Dogecoin mascot. It contributed to a new high for the meme coin.
The meme cryptocurrency Elon Musk popularised, Dogecoin, has gained new momentum as a result of his purchase of Twitter. After the Tesla magnate closed the $44 billion acquisition, Dogecoin’s price increased by double. Before Musk tweeted “the bird is liberated” to declare his ownership on October 27, it was trading at roughly $0.07. It jumped to $0.16 five days later.
According to analytics platform CoinGecko, even if it may not seem like much, it gave the very volatile cryptocurrency a market worth of $21 billion.
Final Thoughts
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Considering that Big Eyes Coin is entering the NFT market, it can be concluded that the emergence of new currencies and tokens on the market may be helpful to new users and investors. It would be prudent to study more about specific coins before investing.
