As the recession across the world doesn’t seem to end anytime soon, every financial market, including cryptocurrency, continues to suffer. Most people consider this time the winter season of the crypto market, but the wise are those who plan to get into potential cryptocurrencies at lower prices at this time. Right now, almost all top cryptocurrencies, including Ethereum (ETH) and its sister hard fork, Ethereum Classic (ETC), are declining due to prolonged fear in the market.
However, a new cryptocurrency stood firm in this period though it is yet to launch in the market. The project, named Big Eyes Coin (BIG), started its presale in August 2022 and managed to raise as much as over $11 million by the end of the year. Let’s jump in and see how this project went successfully and what are the things that make it unique so that you can put it on your watchlist, starting with the two Ethereums.
Ethereum (ETH) and Its Brief Fundamentals
Ethereum (ETH) is the pioneer of altcoins in the crypto market that doesn’t solely emerge as a cryptocurrency but as an entire blockchain that supports the development of smart contracts, dApps (decentralized apps), and whatnot. Vitalik Buterin is the man behind this empire who developed the project in his teenage years. Developers can launch their applications, tokens, and smart contracts on the Ethereum blockchain. So far, hundreds of projects have been launched on it, and many more are on their way. The project itself was launched in July 2015. Fast forward to 2022, it holds the second spot among more than 20 thousand cryptocurrencies, with a market dominance of over 18%.
The current price of Ethereum (ETH) is consolidating between its support of $1200 and strong resistance of $1300, thanks to the rising fear in the market and global macroeconomic uncertainties. However, it had set its ATH (all-time high) in November 2021 at nearly $4900 in the last bull market, after which the recession prevailed. It recently upgraded to the Proof of Stake (PoS) consensus mechanism from the old Proof of Work (PoW) consensus. Although there’s no fixed supply of ETH, the total circulation of coins across the entire market is more than 122 million.
Ethereum Classic (ETC): A Brief Overview
Ethereum Classic is a contentious hard fork of Ethereum that calls itself the legacy chain of the former blockchain. It was launched in 2016, a year after Ethereum’s launch after the DAO hack on the original blockchain. ETC aimed to preserve the true legacy of Ethereum (ETH). It has a fixed maximum supply of 210.7 million ETC tokens. The cryptocurrency made its ATH in May 2021 at around $176, according to CoinMarketCap’s data. Right now, it is trading under $25 due to the crashing market.
What is Big Eyes Coin (BIG), and Why Is It So Hyped Up?
As the name says, Big Eyes Coin (BIG) is a meme cryptocurrency based on a cat theme with big wide eyes to attract cat lovers and meme coin enthusiasts to join the community and grow together for a bigger cause. The project aims to protect the world’s oceans and marine life so that the cats keep having fish in their dinner. For this, the team has kept aside 5% of the total token supply in the Charity Wallet. The project is certified and supported by Solidity Finance and CoinSniper, and the records are also linked on the token’s website. It has a total supply of 200 billion BIG tokens and aims to launch NFTs to benefit the community and users more from the ecosystem.
How Can You Get Into This Project Before Launch?
The project is in its 7th presale stage, in which one USDT will buy you 3181.82 tokens. Once this stage ends, one USDT will equal 2857.14 BIG tokens. So if you want to get into the Big Eyes Coin (BIG) project earlier, go to its website or presale page and connect your crypto wallet to purchase the tokens. You can purchase them with ETH/BNB or USDT. Once the presale is over, you can revisit the website to claim your tokens by clicking the ‘Claim’ button once shown there.
Raising over $11 million in funds through marketing alone is not a piece of cake. The project has to have some solid fundamentals and features to back its claim. Big Eyes Coin (BIG) has done so without any tweets or promotions from Elon Musk, as he did for Dogecoin (DOGE) in 2021. Now let’s see how this project performs once it enters the market.
For more information on Big Eyes (BIG), you can visit the following links: