Big Eyes Pre-sale Surpasses $9.5 Million as Bitcoin and Dogecoin Plummet

The whole crypto market is not looking good right now. The space has slipped from a $1 trillion market to $860 billion in the last 24 hours. Why did this happen? Liquidity issues of crypto exchange FTX caused these huge price drops across the board. In a price spiral reminiscent of Terra (LUNA), the native token of FTX (FTT) spun out and crashed after Binance announced their decision to liquidate all FTT they held. FTX has been down more than 75% in the last 24 hours which is largely due to concerns about FTX’s insolvency.

I will be looking at the top cryptocurrency Bitcoin (BTC), the top dog of meme coins Dogecoin (DOGE) and a new cat creating a buzz for itself as the rest of the market falls apart – Big Eyes (BIG).

Breaking Bitcoin

Bitcoin (BTC) tanked by over 15%, just as crypto enthusiasts were hoping that Bitcoin had aimed its treads towards an explosive upward movement. However, as the top cryptocurrency, Bitcoin will always bounce back, we can see after crashing in July 2021, Bitcoin spiked back up to hit an all-time high a few months after. Its sheer size and popularity will always ensure a keen set of investors, and its fixed supply and deflationary nature create an asset that appreciates over time, making it an excellent hedge against inflation.

Dogecoin Dropping

Dogecoin (DOGE) has recently enjoyed major spikes due to Elon Musk’s acquisition of Twitter, and his claims to want to use Dogecoin as a way to pay for services on the social network. As Musk claimed “the bird is freed” after acquiring Twitter, Dogecoin prices also soared towards the skies. However, Dogecoin soon found itself plummeting towards the ground after the crash. Dogecoin may recover, but it will be heavily reliant on Musk’s continual support of the meme coin.

Big Eyes Building Up 

Despite the bloodbath in the crypto market, Big Eyes (BIG) is steadily growing and rallying cat lovers all across the world. Big Eyes is a new meme coin, and out of all the meme coins, it wants to be the very best, like no coin ever was. To catch doges is its real quest, and ocean conservation is its cause. Big Eyes will donate 5% of all tokens to ocean sanctuaries, and regularly makes donations to other charities such as The Fruit Tree Planting Foundation and Sea Shepherd. 

Getting on board with tokens that are still in pre-sale is akin to getting onto a rocket that is still preparing for launch. Reaching the moon may not be guaranteed, but you are about to be in for a wild ride. By investing in coins early, that have not yet experienced their growth, you will be able to maximise potential gains. 

Final Thoughts

Although the entire market is still reeling from the crash, lower prices mean a much more accessible entry point for new investors. It is just a matter of thinking longer term – after all of the crashes, the cryptocurrency market has always bounced back, as there is a clear demand for it. It is always the darkest before dawn – the bull market will come back to carry your investments onwards and upwards. 

Big Eyes Coin (BIG)



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