Bitcoin on the way up again? How does this affect new projects like Big Eyes Coin?
The crypto market has been on an unpredictable ride this year, from plummeting to a complete crash, to rising again. As we enter Q4 it is difficult to predict how the market will turn. Bitcoin (BTC) is the largest cryptocurrency in the market and many crypto enthusiasts often use BTC’s value to equate the market situation. For example, if Bitcoin is going down, they will see that the general market is going down, but if BTC is doing well, then the market is doing well. This is a common way for users to understand the market. At the time of writing, Bitcoin is on a slow recovery as it is currently worth $22,300, up from about $18,500 a few days ago. But what does this mean for new crypto projects like Big Eyes (BIG)?
The Impact of Bitcoin (BTC)
As Bitcoin is the largest and most popular cryptocurrency in the world, there is no doubt that Bitcoin has a major impact on the market as a whole. From influencing other cryptocurrencies and projects to crypto users and investors, Bitcoin plays a huge role in the crypto community.
Bitcoin is also the oldest cryptocurrency in existence, as it was the first to be created and is essentially the reason the crypto market exists. Launched in 2009, it is now over a decade old, but remains the most influential. But how exactly does it affect the crypto community?
As mentioned above, many crypto users will determine how well the overall market is doing based on the current value of BTC. If it is low, the general market is not doing well, which may influence some users to “buy the dip”, while steering other investors away for the time being. Furthermore, if BTC is at a high level, the overall market can be considered to be doing exceptionally well, suggesting that it may grow further.
Furthermore, Bitcoin also has an influence on other cryptocurrencies, either directly or indirectly. Many new crypto projects want to be like Bitcoin and reach similar levels of success. An example of this is Big Eyes.
What is Big Eyes (BIG)?
Big Eyes is a new crypto project to enter the market and is currently in pre-sale. Big Eyes is a meme coin that also focuses on decentralized finance. DeFi is the idea that individuals have power and control over their funds and finances. Essentially, users can make purchases and transactions without the need for a third party, such as a bank. In addition, this is available to all individuals as there is no need for paperwork or personal information.
As the original cryptocurrency, Bitcoin is what brought forth the idea of DeFi as it allowed users to trade digital currencies on their own, giving them full control and not needing authorization from a governing party. However, as the years have passed, crypto projects like Big Eyes DeFi are taking it one step further with the “Big Eyes Swap”. This will be part of the Big Eyes ecosystem where tutorials and tutorials will help simplify the idea of DeFi and make it more accessible to individuals around the world, as it can be quite intimidating.
Big Eyes has a lot to offer and as it is currently in pre-sale, the token fees are low. However, it is important to do further research before making any crypto-related decisions due to the unpredictability of the market.
Learn more about Big Eyes (BIG) here:
Pre-sale: https://buy.bigeyes.space/
Website:
