A look at potential trends and impacts
Bitcoin (BTC) is the best known and most traded digital asset, hence the significant price impact on alts and meme coins, such as Binance Coin (BNB) and Big Eyes Coin (BIG). Investors watch Bitcoin’s every move and analyze market trends to ensure they get high returns on their investments. The question is, will Bitcoin’s price increase this year, and what could be the effect on BNB and BIG?
Big Eyes Coin, cute and cuddly feline is revolutionizing the crypto world
Big Eyes Coin is an adorable cat themed coin that has captured the hearts of many investors and meme enthusiasts. It has taken the crypto world by storm, achieving an impressive $32 million in pre-sales – and it shows no signs of slowing down!
The coin has yet to launch on an exchange, so this is a great investment for crypto enthusiasts looking to take a break from market volatility and hodl BIG until the next bull run.
BIG has many features that attract new investors. Firstly, the team behind the project has recently announced the launch of their NFT cards, which are drops from Loot Boxes. Users have the freedom to emboss their unique cards as an NFT.
In addition, Big Eyes Coin is passionate about saving the oceans, with 5% of its total supply dedicated to this cause. It is refreshing to see a crypto project that not only aims to generate wealth, but also has a social and environmental mission. With its charming design and noble ambitions, it’s no wonder why this token has garnered so much attention and support from the crypto community.
The digital resource promo code BULLRUN250 is currently active. Users who enter the code will receive a 250% bonus on their next BIG purchase.
Binance gets sued, coin price plummets
The Commodity Futures Trading Commission (CFTC) is suing Binance, one of the largest exchanges in the world, for allegedly taking orders from US customers involving derivatives and spot transactions since July 2019, despite not being registered with the CFTC. BNB rejected the accusations.
The value of Binance Coin (BNB) has fallen by 1.6%. The cryptocurrency market was affected by this development and surprisingly Bitcoin fell by 4.4% to $26,766 on Monday. A few days later, however, BTC’s price began to move upwards.
Bitcoin price hovers just to hold $28,000
Bitcoin’s price fell on Monday, but began to climb back above $28,000 on March 31, after crossing the US$29,000 mark on Thursday. The top 10 altcoins, excluding stablecoins, saw mixed price changes as investors locked in some profits from the recent rally.
Experts are confident that Bitcoin will experience bullish action because by 2024, the digital asset will have a halving event. This event happens every four years when Bitcoin halves the rewards to miners. Many investors see it as a positive event because the halving helps draw in the token’s supply.
As Bitcoin experiences an increase in value, it is likely that the rest of the crypto market will follow suit. However, it is important to note that not all cryptocurrencies will necessarily see the same level of gains. Some may even see their values drop in the face of a Bitcoin rally.
Big Eyes Coin will become more expensive as it approaches its launch date. As Bitcoin prices rise, there is a possibility that BIG’s price will also see gains.
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