Big Eye’s Presale Surpasses $9.5M As Bitcoin And Dogecoin Plunge

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

I’ll 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) fell by over 15%, just as crypto enthusiasts were hoping that Bitcoin had set its sights on an explosive upward move. However, as the best cryptocurrency, Bitcoin will always bounce back, we can see after it crashed in July 2021, Bitcoin rebounded to reach an all-time high a few months after. Its sheer size and popularity will always ensure an eager 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 is falling

Dogecoin (DOGE) has seen big peaks recently due to Elon Musk’s acquisition of Twitter, and his claims to use Dogecoin as a way to pay for services on the social network. As Musk claimed “the bird has been set free” after buying Twitter, Dogecoin prices also skyrocketed. However, Dogecoin quickly found himself plummeting to the ground after the crash. Dogecoin may recover, but it will be heavily dependent on Musk’s continued support for the meme coin.

Big eyes build up

Despite the carnage in the crypto market, Big Eyes (BIG) is growing steadily and gathering cat lovers all over 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. Catching dogs is its real quest, and ocean conservation is its cause. Big Eyes will donate 5% of all tokens to marine sanctuaries, and regularly donates to other charities such as The Fruit Tree Planting Foundation and Sea Shepherd.

Getting on board with tokens that are still in presale is akin to getting on a rocket that is still preparing for launch. Reaching the moon may not be guaranteed, but you’re in for a wild ride. By investing in coins early, which have not yet experienced their growth, you will be able to maximize your 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’s just a matter of thinking longer term – after all the crashes, the cryptocurrency market has always bounced back, as there is a clear demand for it. It’s always darkest before the dawn – the bull market will return to carry your investments onward and upward.

Big Eyes Coin (BIG)

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