Big Eyes Coin Host Blockchain, Rising in Value
SPONSORED POST*
Ethereum (ETH) is undoubtedly one of the leading blockchains in the blockchain industry. The crypto giant hosts over 2,700 dApps and now leverages the power to scale efficiently using a Proof-of-Stake (PoS) consensus algorithm. Ethereum switched consensus in September, reducing its carbon footprint while increasing performance.
Experts predicted that the price of Ethereum would skyrocket after the merger, but that didn’t change much. Now, Ethereum has registered an eye-popping 18% increase in seven days at the time of writing! Could this be the work of the merger? This editorial piece will examine Ethereum’s price rise and two other cryptocurrencies built on the network, Shiba Inu (SHIB) and Big Eyes Coin (BIG).
Big Eyes Coin is about to reach $9 million!
Big Eyes Coin is in the sixth stage of its long-awaited presale, raising $8.93 million at the time of writing. The new meme token builds on the Ethereum blockchain, leveraging its new and improved technology. So, what does the Big Eyes Coin ecosystem entail?
Big Eyes Coin is committed to being a community-centric token, allowing users to hold 70% of BIG through the pre-sale. The remaining BIG tokens will fund the marketing wallet, charity wallet and exchanges. Big Eyes Coin will launch on the Uniswap (UNI) exchange during the second phase of the roadmap.
The charity wallet will hold 5% of BIG tokens in circulation, with additional funds from tax levies on it NFTs. The tokens will go directly to ocean reserves to stop plastic pollution, overfishing and many other threats to marine life. Experts predict that ocean life could become extinct by 2300, and the Big Eyes Coin looks set to change that.
Will Shiba Inu have a price rally in the 4th quarter?
Like other meme tokens, Shiba Inu has fallen victim to price volatility since its inception. From its launch price to November 2021, the Shiba Inu increased its value by a shocking 48,000,000%, making some millionaires in months.
However, some experts predict that something similar will happen to the Shiba Inu in the coming months as Uptober takes effect. Recently, Ethereum whales started accumulating SHIB, even holding tokens after Shiba Inu fell below the support level.
In addition, Shiba Inu’s burn rate increased by 1800%, causing 23.3 million Shiba Inu tokens to disappear. Token burns generally reduce the supply in circulation while increasing the value. Shiba Inu has registered an increase of 6.88% in twenty-four hours at the time of writing. Will this lead to a price increase for the meme token?
Ethereum’s new technology could be the driving force behind its value increase
As mentioned above, over 2,700 dApps build on the Ethereum blockchain. Hosting so many dApps comes with its own set of problems. The Ethereum blockchain must be fast, secure and easy to use. By replacing its outdated Proof-of-Work (PoW) consensus with PoS, Ethereum can scale efficiently while increasing the security of the blockchain.
So, has Ethereum’s value increased due to the upgraded technology streamlining services? It is possible. Not only has Ethereum’s technology improved, but so has its environmental impact, with Ethereum’s carbon footprint dropping by over 99%.
However, Ethereum’s rise in value could also have started due to the autumn period, the season when cryptocurrencies often perform at their best. Bitcoin (BTC) hit its all-time high in Fall 2021, rising to $68,000! Ethereum has increased its market value by 18.23% in seven days at the time of writing. Will the same thing that happened to Bitcoin happen to Ethereum?
Final thoughts
Ethereum’s rise in value could be the work of the merger or the fall season. Either way, it’s positive news for the blockchain giant and the cryptocurrencies built on it. With Shiba Inu potentially undergoing a price rally and Big Eyes Coin nearly reaching $9 million in pre-sale, it’s been a good day for crypto.
Big Eyes Coin offers bonus tokens with every pre-purchase on the Big Eyes Coin platform. To get a 5% bonus on your order, use the code ‘BEYES194’ at checkout!
For more information on Big Eyes Coin (BIG), please visit the following links:
Advance sales: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram:
*This article is paid. Cryptonomist did not write the article nor has it tested the platform.
