The Bull Cycle Begins: The Top 5 Must-Buy Cryptocurrencies Bitcoin, Ethereum, Big Eyes, Shiba Inu, and Doge Coin

It has been a difficult few months for cryptocurrency. From a scandal surrounding the crash of FTX in November 2022 to concerns about a potential crackdown by the US Securities and Exchange Commission in early February 2023, the cryptocurrency industry is undoubtedly in a state of disarray. But given its soaring popularity in the world’s financial trading system and potential to become a $12 billion industry by 2030, the ups and downs it has seen in recent months should come as no surprise.

With a light in sight at the end of the tunnel, cryptocurrency experts have signaled the beginning of the next bull cycle ending a week-long downtrend that saw the global cryptocurrency market fall to $997 earlier in the week. At the time of writing, the global crypto market capitalization had jumped to $1.11 trillion, an increase of 8.25% in the last day.

The question is, however, will the next bull cycle be enough for the crypto industry to reach its record global market cap of $2.86 trillion in November 2021? With Bitcoin (BTC) and Ethereum (ETC) dominating at the helm, Dogecoin (DOGE) and Shiba Inu (SHIB) are leading the meme token charge and Big Eyes Coin (BIG) does steady growth as a new entry, perhaps investors have a lot to look forward to.

Bitcoin & Ethereum: Pillars of Cryptocurrency

Bitcoin (BTC)

Bitcoin (BTC), the very first cryptocurrency in the market, is a decentralized cryptocurrency where all transactions happen directly between equal, independent network participants, without the need for any intermediary to allow or facilitate them.

After slow trading earlier in the week where the price found resistance to overcome the $21,500 mark, Bitcoin has made a remarkable turnaround with a double-digit gain of 11.06% overnight to trade at $24,620.97, a six-month high.

Ethereum (ETH) is killing the competition

The second most powerful cryptocurrency, Ethereum (ETH) is a decentralized open source blockchain system that serves as a platform for a number of other cryptocurrencies.

Dominating the cryptocurrency market by 18.6%, Ethereum rose overnight by 8.71% to trade at $1,687.75 after falling to $1,472.76 amid the US Securities and Exchange Commission’s crackdown on the crypto industry earlier in the week. At the time of writing, ETH had a market cap of $206 billion and a 24-hour trading volume of $12.4 billion.

Big Eyes Coin: The Cat In A Bullfight

A cute cat-based meme token, Big Eyes Coin (BIG) is fully owned by the community with the ultimate goal of moving wealth into the Decentralized Finance (DeFi) ecosystem. Built on the Ethereum network, Big Eyes Coin uses the Proof-of-Stake (PoS) consensus process to validate transactions. The PoS protocol reduces the energy requirements of blockchain by eliminating crypto-mining, which greatly contributes to climate change.

After launching its initial coin offering (ICO) in August 2022, Big Eyes Coin has been recognized as the most successful presale in the past two years after raising $27.5 million in presales. Big Eyes Coin is currently offering its buyers the bonus code LAUNCHBIGEYES200 which can be used to generate a 200% return on a BIG token purchase when it goes live after reaching its $50 million presale goal.

The meme token is hard to give back. Big Eyes Coin has a visible wallet where 5% of the total token supply will be donated to several ocean saving charities. And since the project is community owned, Big Eyes Coin assures that 90% of it will be available at launch.

Dogecoin & Shiba Inu, Canine Crypto Dominance

Dogecoin (DOGE)

Dogecoin (DOGE) is a meme token created in 2013 based on the popular “doge” internet meme and has attracted Twitter CEO Elon Musk as its biggest advocate. At the time of writing, DOGE’s price had risen overnight by 3.14% with a market capitalization of $11.7 billion.

Shiba Inu (SHIB)

Currently ranked 13thth in the crypto market, Shiba Inu (SHIB) describes itself as the “DOGECOIN KILLER” and is listed on their own ShibaSwap, a decentralized exchange. Like Dogecoin, Shiba Inu is also a meme token that has fallen under the admiration of Elon Musk.

Over the past 7 days, Shiba Inu has seen its prices rise by 3.15% and 5.20% overnight to hold a market cap of $7.5 billion with a 24-hour trading volume of $513 million.

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested may be lost

IMPORTANT NOTICE: La investment en criptoactivos no está regulada, puede no ser adequada para inversores retailistas y perderse la total del importe invertido