First Published Oct 12, 2022, 3:58 PM IST
The market for cryptocurrencies has recently experienced yet another round of purging due to the successful merger of the Ethereum network. The storyline around the merger has mostly consisted of “buy the hype, sell the news.”
Indeed, this has been the case for the vast bulk of the cryptocurrency exchange industry. For the past several weeks, the only tokens that exhibit weekly gains have been those associated with the Cosmos Hub (ATOM).
Big Eyes Coin (BIG) is another crypto token performing well despite the bear market. This article will briefly explain why these projects are surging now and whether or not you should invest in them.
The ATOM token has been one of the best-performing cryptocurrencies in this bear market, and the rest of the Cosmos Ecosystem has rallied around it. Some weeks have been profitable for EVMOS and other Cosmos tokens even when the rest of the market has been red.
After Terra Luna was severely affected, the Cosmos Hub received a significant setback. Among the Layer 1 assets on the Cosmos Hub, LUNA had a market cap that was significantly higher than that of ATOM.
There has been a dramatic increase in developers migrating to the ATOM network, thanks mainly to Terra Luna’s success. Cosmos has maintained its vigilance despite the final collapse of LUNA, and it cannot be held responsible for the horrific losses that Terra Luna has sustained.
Ethereum-based tokens are increasingly being integrated into the ATOM ecosystem. The Cosmos Hub’s blockchain network, which is IBC-enabled, was designed with interoperability in mind.
To illustrate, imagine that the Cosmos Hub and all associated technologies are compatible with Ethereum and ETH applications. The Cosmos Hub and the ATOM token would then be among the top beneficiaries of the next cryptocurrency bull market.
Big Eyes Coin (BIG)
Big Eyes Coin is eager to build a network in preparation for the inevitable downturn in the market. Presently, the presale has raised approximately $6.6 million.
The Big Eyes Coin (BIG) meme coin is an innovative initiative that prioritizes the needs of its community of users. Since the beginning of the presale, when the developers distributed 70% of the initial tokens to the public, this has been the case. Other features added to the protocol, such as the NFT club and the giveaway contest, will also be helpful to the community.
Big Eyes Coin (BIG) will thrive as a meme coin thanks to its ubiquitous Internet culture. The creators, though, don’t want to rest on their past accomplishments and have been working on launching additional functionality. Having the coin available on many exchanges is one such aspect that can help it garner more consumers’ attention. The rollout has already begun with UNISWAP, and the other platforms will follow suit shortly.
In the last stages of presale, a substantial NFT marketplace will be introduced. The crypto market will benefit significantly from the introduction of the NFT club, promoting NFT trading on the platform.
Furthermore, Big Eyes Coin (BIG) plans to significantly contribute to many charitable causes. The platform’s creators have created a dedicated wallet that may store up to 5% of the total token supply to ensure the continued health and abundance of ocean species. Donations to marine-life conservation organizations will be made at various milestones along the project’s timeline.
Learn more about this new cryptocurrency here.
Big Eyes Coin (BIG)
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Last Updated Oct 12, 2022, 3:58 PM IST