Britain’s new Prime Minister is a fan of crypto. Is this good news for NFT related coins like Big Eyes Coin, Ethereum and Decentraland?
The new Prime Minister of the United Kingdom, Rishi Sunak, is a believer and former practitioner of cryptocurrency. It is no MI5 secret that in his previous role as Chancellor of the Exchequer, Sunak was responsible for looking into various crypto businesses and discovering ways to integrate digital currencies into the economy.
The 42-year-old was particularly interested in stablecoins, which are widely recognized as the least volatile type of coin in the cryptocurrency market. In addition to the prospect of creating a central bank digital currency.
Unfortunately, Sunak failed, which is why UK residents cannot pay rent, food and other luxuries with crypto.
But if history is anything to go by, when people in power are involved in crypto, it usually results in the digital currency rising in value.
Elon Musk is a good example. Before tweeting about Dogecoin (DOGE) in 2019, the meme currency was relatively unknown. But almost three years later and Dogecoin is one of the most popular cryptocurrencies in the world with a market cap of $8,063,530,686, at the time of writing.
A growing trend in the crypto space is NFTs, and unsurprisingly, Sunak has also dabbled in this element of digital currency in the past by praising the Royal Mint for creating an NFT.
Big Eyes Coin (BIG)Ethereum (ETH) and Decentraland (MANA) are all NFT-based cryptocurrencies and it remains to be seen whether they benefit from Sunak being in charge of the UK.
Decentraland: A Virtual Reality NFT filled with games and digital real estate
Decentraland is an Ethereum-based software that strives to create a fun and satisfying alternative world. There are two primary tokens used in Decentraland to facilitate various transactions and activities: LAND and MANA.
As the name suggests, LAND is an in-game NFT token, which allows players to own land parcels and real estate.
However, MANA is the currency needed for users to buy LAND in the first place, as well as gain access to a number of other goods and services.
Ethereum: The primary currency for The Bored Ape Yacht Club NFT
Bored Ape Yacht Club (BAYC) is one of the most successful NFT gatherings ever. With over 10,000 designs available, investors can own a cool digital monkey of their choice by paying with Ethereum.
And to say that BAYC has become lucrative is a serious understatement. The most expensive monkey of all time sold for a staggering $3.4 million, and the cheapest option is reported to be around $400,000.
Aside from being the primary currency for BAYC, Ethereum has a market cap of $169,617,421,955 and has maintained its position as the second most notorious crypto after Bitcoin (BTC).
Big Eyes Coin: A suggested top ten NFT collection of cat-based NFTs
Like BAYC, Big Eyes Coin intends to release some of the best NFTs in the crypto market. NFT Sushi Crew will allow investors to own a wide variety of cute items as well as carry out various fun activities.
And the beauty of every NFT investment is that it has a positive impact on the environment. Big Eyes Coin has openly proclaimed that 5% of its total supply will be donated to ocean saving charities, which means healthier fish and less global warming.
With benefits like these, it’s actually no surprise that Big Eyes Coin is approaching $9 million in pre-sales. In addition, the several stages remaining mean that the coin is likely to generate even more funds.
If you want to capitalize on Big Eyes Coin while it is on the rise, you can use the code BEYES526 for a coin bonus.
Big Eyes Coin (BIG)
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