With Ethereum and Bitcoin showing positive trends, the crypto market is back on track again. Is this the right time to invest in Big Eyes Coin?
Cryptocurrencies rally in the market again. Bitcoin (BTC) is trading at $20,624 at the time of writing, restoring faith in the first ever cryptocurrency. Not long ago, all the coins were subjected to a bloodbath. Bitcoin lost nearly 37% in June alone, falling from $32,000 to below $18,000. But with the latest positive trends, investors are back in the game.
Ethereum (ETH), which was launched to solve the problems created by the Bitcoin blockchain, has seen a 12% jump in less than 24 hours. Currently trading at $1,535, Ethereum operates its own blockchain network that saw a merger this year that allowed for a proof-of-stake (PoS) mechanism.
In good news for meme coins, Ethereum co-founder Vitalik Buterin tweeted about The Protocol (THE). Since then, the meme coin has received massive support from the crypto community. As meme coins gain attention again, is it the right time to invest in Big Eyes Coin (BIG)?
Bitcoin vs Ethereum. Which coin should you invest in?
The comparisons between Bitcoin and Ethereum go way back. ETH is the native token of the Ethereum network and is the second largest cryptocurrency by market capitalization, just behind Bitcoin.
Bitcoin was designed as a store of value, while Ethereum is intended to run smart contracts and decentralized applications (dApps).
Although Bitcoin and Ethereum have some similar characteristics, they differ in many areas. One of the biggest differences is the consensus mechanism. Bitcoin runs a proof-of-work (PoW) mechanism where the miners need high-tech computing power to keep the blockchain ledger intact. The energy-intensive computers create e-waste, which is not environmentally friendly.
While Ethereum, with its recent merger, has resorted to a proof-of-stake (PoS) mechanism that requires very less computing power, contributing to a better tomorrow. Miners can solve the complex nodes on their phones!
With both Bitcoin and Ethereum rising, you can bet on one of the two. However, Ethereum has better prospects in the future due to its mechanism, smart contracts and dApps.
What is Big Eyes Coin?
Compared to the big boys, Ethereum and Bitcoin, Big Eyes Coin (BIG) is a completely different cryptocurrency. Running on the Ethereum blockchain, Big Eyes Coin is a community-driven meme token with a very cute cat mascot. Aiming to inject wealth into DeFi (decentralized finance), the meme token has reached stage 6 of the presale after raising more than $8.5 million.
Considering other meme coins, Big Eyes Coin presents a very unique white paper and a promising roadmap. It will launch a fully integrated NFT club that will allow users to exchange digital assets and earn rewards through contests. The NFT collection, which will have ten projects, is called Sushi Crew, which will be in direct competition with the APE Foundation’s Bored Ape Yacht Club (BAYC).
Speaking of eco-friendly coins, Big Eyes Coin has created a dedicated pool of donations to save the ocean. A significant amount of profits will go directly to marine conservation projects.
Final thoughts
Investors and crypto enthusiasts would be dancing for joy this week as the hard days seem to be finally over. Consider Big Eyes Coin when investing as it represents a unique brand of meme coins that will only go higher and higher as time goes on.
To strengthen users’ portfolios, Big Eyes Coin offers bonus coins upon purchase. Use the code BEYES694.
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