Vitalik Buterin’s Ethereum Recovers 3%, What Does The Current Market Trend Mean For Big Eyes Coin?
Throughout 2022, the crypto market has seen its fair share of ups and downs. Bitcoin (BTC) dropped from its all-time high of $68,000 in November 2021 to its current $16,433.56 at the time of writing. This mammoth decline showcases just how volatile the crypto market is and why you should think carefully about which ones you place your trust in and your money.
This editorial piece will examine two cryptocurrencies in different stages of their crypto journey and the current market trend. Ethereum (ETH) is undoubtedly a household name among crypto enthusiasts. The platform boasts an impressive market capitalisation of $142 billion at the time of writing, the second-largest in the crypto market.
Big Eyes Coin (BIG) is at the start of its crypto journey, raising $10.3 million in six presale stages thus far. Big Eyes Coin has garnered a lot of attention regarding its vibrant ecosystem and innovative features that have a lot of potential in today’s market. Let’s find out more about these platforms!
Big Eyes Continues To Rise
When examining the Big Eyes Coin ecosystem, it’s clear the platform is committed to remaining sustainable while shifting wealth into the DeFi ecosystem. The platform has dedicated 5% of its tokens to ocean conservation efforts, protecting a crucial part of our ecosystem.
Since DeFi is still in its infant stages, accessing it isn’t easy. However, Big Eyes Coin aims to make DeFi accessible to everyone through an NFT collection that the Big Eyes team thinks will reach the top ten collections. Additionally, Big Eyes Coin will release merchandise featuring the cute Anime cat mascot, allowing Big Eyes community members to show their support for the platform.
The NFT collection will accompany NFT events that occur with the seasons. The community will decide whether the profits from the NFT events burn. If Big Eyes burns the profits from the events, the token could increase in value from reduced tokens in circulation, making it desirable to hold.
As a meme token, Big Eyes Coin understands the importance of remaining relevant in the crypto market. The platform has pledged 5% of its tokens to marketing efforts, including a comic book series that depicts the mascot’s adventure in making a cryptocurrency!
Want to find out more about Big Eyes Coin? Watch the video below!
Could Ethereum Surpass Bitcoin In The Next Bull Run?
Vitalik Buterin’s Ethereum has seen a volatile year like the rest of the crypto market. However, the crypto giant hosted the most anticipated news in crypto history. On the 15th of September 2022, Ethereum switched its outdated and energy-intensive Proof-of-Work (PoW) consensus for the energy-efficient Proof-of-Stake (PoS) consensus.
Although this news couldn’t stop the crypto crash from affecting Ethereum’s price, the blockchain giant seems to be on the road to recovery. Ethereum has increased its market capitalisation by 3.89% in the past twenty-four hours at the time of writing.
So, can Ethereum surpass Bitcoin in the next bull run? Bitcoin has more than double the amount of market capitalisation that Ethereum does. However, considering how volatile the crypto market is, anything is possible, particularly after Bitcoin fell from $68,000 to $16,000.
Regardless of whether Vitalik Buterin’s Ethereum will surpass Bitcoin in the next bull run, the crypto giant is still one of the most versatile blockchains in the crypto market, hosting over 2,700 dApps on its network.
Vitalik Buterin’s Ethereum and the rest of the crypto market seem to be recovering from the latest crypto crash. This current market trend could help crypto enthusiasts trust the market once more. However, after the rocky year of 2022, the crypto community may place their trust in new tokens like Big Eyes Coin, which is currently in presale and unaffected by the crypto crash.
With Black Friday sales fast approaching, Big Eyes Coin is offering 50% bonus tokens with orders on Black Friday if you use the ‘BLACKFRIDAY50’ code at the checkout!
For more information on Big Eyes Coin (BIG), please visit the following links:
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