Bitcoin (BTC) has consistently stayed at the top of the crypto market. The blockchain pioneer makes up almost half of the crypto market capitalisation, boasting an impressive $401 billion market capitalisation at the time of writing. So, will Big Eyes Coin (BIG) and Solana (SOL) become Bitcoin’s new rivals after their positive trends?
This editorial piece will examine each cryptocurrency and how its ecosystem could rival Bitcoin in the future. Solana has seen one of the best starts in 2023, climbing to the eleventh-largest cryptocurrency in the market. Big Eyes Coin is relatively new to the cryptoverse, aiming to transform the meme coin market while making Decentralised Finance (DeFi) easily accessible to any crypto enthusiast.
Is Big Eyes Coin Destined For Meme Coin Greatness?
Big Eyes Coin was introduced to the crypto market in 2022 with the inception of its presale. Since the start of its presale, Big Eyes Coin has risen $16 million at the time of writing, showcasing the hype surrounding this platform before its launch. When this platform eventually launches, experts predict it could rival the likes of Shiba Inu (SHIB).
So, what makes the Big Eyes Coin platform so desirable? Well, the Big Eyes Coin team has undertaken extensive research of our ecosystem and its own. Big Eyes Coin aims to take the DeFi ecosystem to the next level while protecting arguably the most crucial part of ours, the oceans.
While Big Eyes Coin uses its charity wallet containing 5% of its tokens to tackle threats to marine life, the meme token will release an NFT collection. This collection aims to reach the top ten projects, which will undoubtedly skyrocket its value if it achieves this goal.
Why Is Solana Performing So Well?
As many know, Solana first came to the crypto market as a solution to one of the most significant problems in the blockchain trilemma, scalability. Most blockchains used the outdated Proof-of-Work (PoW) consensus that used mammoth amounts of energy and confirmed transactions at slow speeds.
This is where Solana differentiates itself. The blockchain giant adopted a combination of a Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus to achieve 50,000 transactions per second. Additionally, Solana curbed the amount of energy it took to confirm transactions, allowing the blockchain to increase sustainability.
Solana’s importance as a sustainable blockchain during a worldwide energy crisis could be the reason why it is performing so well. The crypto giant has increased its market capitalisation by 42.55% in the past seven days at the time of writing.
Bitcoin Experiences Bullish Run!
The pioneer of the crypto market and blockchain industry has remained at the forefront of the crypto market since its inception. While the technology it uses is outdated, no cryptocurrency has knocked Bitcoin from the top spot.
It is often said that Bitcoin controls the general trend of the crypto market. This could be the case as Bitcoin has increased its market capitalisation by 20.55% in the past seven days at the time of writing. Coincidentally, the crypto market capitalisation has experienced a positive trend since Bitcoin started a bullish trend.
Bitcoin has broken the $20,000 barrier it had flirted with for some time. The reasoning behind Bitcoin’s price pump is due to the positive data gathered from the recent Consumer Price Index (CPI).
Bitcoin has undoubtedly shown its importance in the crypto economy. However, Big Eyes Coin and Solana could be on their way to challenge Bitcoin for crypto market dominance. Solana is rising at mammoth speeds, while Big Eyes Coin keeps smashing presale records.
Big Eyes Coin could launch sooner than anticipated if it reaches its goal of $12 million raised in January. If you purchase Big Eyes Coin, use the ‘LAUNCHBIGEYES200’ promo code to receive 200% bonus tokens with your order!
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