BCH Price Analysis: BCH Eyes $300 Despite A Bear Trap!
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With the market taking a bullish step in October, the altcoins are rising higher to their previous swing highs. Even the BCH price reaches the $250 mark with a remarkable growth of 10% within just two days.
Currently, the overhead supply pressure at the psychological mark triggers a short correction in the Bitcoin Cash market value . However, with the sentiments taking a positive turn, the expectations for the Bitcoin Cash price prediction in 2023 remain optimistic.
With the recent recovery, the larger trend of the BCH price tells a story of a bullish revival to rise higher. The dominating buyers’ territory at $180 and the 200-day EMA gave Bitcoin Cash a bounce pad to regain momentum.
Moreover, the sharp rise to the $250 mark completes a rounding reversal that hints at an inverted head and shoulder. Currently, the altcoin price trades at $243.41 with an intraday fall of 1.23% and hints at a tweezer top.
With the incoming overhead supply pressure, the chances of BCH price taking a second dip to the $228 mark are increasing. This correction phase will complete the bullish pattern with the neckline at $250.
Technical indicators:
Coming to the technical indicators, the Directional Movement Index and the Exponential Moving Averages sustain a bullish point of view.
DMI indicator: The ADX line (black line) skyrockets with the recent recovery, signaling a strong momentum. Moreover, the DI line maintains a bullish standpoint and signals further recovery.
EMA: The 50 and 200-day EMA maintain a positive alignment and continue to rise higher, which certifies the uptrend in motion.
Will Bitcoin Cash (BCH) Price Touch $300?
Struggling to overcome the $250 mark reflects a potential pullback to $228 in BCH price. However, the inverted head and shoulder pattern formation will increase the likelihood of Bitcoin Cash exceeding $300. With the potential to continue the rally above, the reversal from $228 or the $250 breakout will prove a crucial entry point for sideline buyers.
Considering the price breaks below the $228 post, the downtrend will plunge the prices to $200.
SOL Price Analysis: Solana Eyes $30 With Bullish Setups!
With an almost 35% increase in market value, Solana remains a notable coin in the gainers list of cryptocurrencies. Maintaining a year-to-date growth of 142%, the SOL price brings new bullish setups and entry opportunities as the market recovers.
With golden crossover and breakout possibilities, the Solana coin price can soon surpass the overhead barrier at $30. Therefore, the Solana Price Prediction for the upcoming year seems bullish.
Forming a bottom slightly below $18, the SOL price taps into a demand boost, leading to the falling channel breakout. The breakout rally exceeds the 50 and 200-day EMA within days and increases the golden crossover possibility.
With the falling channel breakout gaining momentum, Solana’s price action forms five multiple bullish candles. Accounting for a 26% jump, the uptrend reclaims the $24 mark and hints at a rounding bottom formation.
Currently, the SOL price trades at $24.64 with an intraday gain of 3.23%, the uptrend closes in on the rounding bottom neckline at $25.50.
With the overall market in recovery mode and the altcoins ready to reclaim previous levels, Solana has a high chance of prolonging the uptrend.
Technical Indicators:
MACD indicator: The MACD and signal lines continue the uptrend positively by avoiding another crossover event. The lines cross above the zero line, and the histograms are rising higher.
RSI indicator: The RSI line takes off from the halfway line to enter the overbought zone, signaling a highly bullish phase.
Will the SOL Price Reach $30 This Week?
With increased trend momentum and bullish pressure, Solana shows high incoming demand. Moreover, the bullish setups rising for the altcoin can prolong the positive trend. Therefore, the SOL price may soon jump from the $24 mark to reach the overhead mark of $30.
On the opposite end, the Solana price may struggle to rise above the neckline at $25.5 and take a short pullback.
Turning Tides For Algorand Eyes 35% Jump!
The ALGO price trend shows a long-term downtrend in motion, leading to a falling wedge pattern in the daily chart. The bearish pattern brings the Algorand price down to $0.0885, accounting for a price fall of 35% in a month.
However, the recent reversal teases a bullish exit from the bearish highway to reclaim the 50-day EMA.
Making a morning star pattern to ignite an early bullish reversal in the recent bear cycle, the ALGO price action completes an inverted head and shoulder pattern. This bullish pattern forms within the falling wedge, increasing the possibility of an upside breakout.
Currently, the ALGO price trades at $0.1081, with an 8% jump in the last three days to challenge the overhead trendline. Moreover, the bullish pattern forms a neckline resistance zone at the $0.1085 mark.
Reclaiming the 50-day EMA and the crucial psychological mark of $0.10 adds additional points to the breakout possibility. Trading close to the resistance trendline, the ongoing price action will be decisive in the future Algorand price prediction.
Technical indicators:
RSI indicator: The RSI line continues on the bullish trajectory and sustains above the halfway line with the recent reversal. Approaching the overbought zone, the indicator displays a bullish viewpoint on ALGO price.
MACD indicator: With the bullish histograms regaining momentum, the MACD and signal lines avoid a bearish crossover.
Will ALGO Price Sustain Above $0.10?
Considering the uptrend manages to breach the overhead supply flow, the ALGO coin price will set a new bullish trend in motion. Moreover, the breakout will signal an impressive entry opportunity for sideline traders.
The inverted head and shoulder and falling wedge breakout can coincide, igniting a stronger bullish move. The unleashed momentum might propel the Algorand price higher to the $0.1175 or $0.1380 mark.
On the other hand, if the ALGO price fails to give a bullish breakout, it will prolong the downtrend. Traders can expect the Algorand price to find a new low of $0.081.
Ethereum Eyes $2000 With A Channel Break!
With Bitcoin finding a fresh breeze of bullish momentum, Ethereum takes the scenic route to the exit of the bear trend. The ETH price breaks above the falling channel by making a bullish reversal to abruptly end the negative cycle.
However, the uptrend will have to face multiple supply spots filling the Ethereum daily chart before reclaiming the $2000 mark.
Looking at the larger trend, most ETH price trend remains in a correction phase after sharp bullish moves. The recent correction trend took the shape of a falling channel pattern, accounting for a 23% drop at maximum.
However, with the market-wide recovery, Ethereum takes a bullish reversal to exit the falling channel with a 3.49% jump. The sharp jump forms a bullish engulfing candle and hints at a rounding bottom reversal.
Currently, the ETH price trades at $1657 with an intraday growth of 0.25% and struggles to prolong the bullish move. Moreover, the uptrend faces opposition from the 50-day EMA and might give a breakout entry shortly.
Moreover, the uptrend beyond the 50-day EMA will increase the probability of a golden crossover in the Ethereum price chart.
Technical indicators:
RSI indicator: The daily RSI line spikes above the halfway line and reflects the improvement in the underlying bullish pressure.
MACD indicator: The MACD and signal lines avoid a bearish crossover, and the bullish histograms resurface.
Therefore, the momentum indicators maintain a positive viewpoint for the future ETH price trend.
Will ETH Price Cross $2000?
With the channel breakout and the market-wide recovery, the uptrend is set for Ethereum in the coming days. The breakout rally can fuel the ETH price higher to the $2000 mark next month, and the 50-day EMA breakout will be an excellent entry spot.
Conversely, if things go south for Bitcoin ETF, Ethereum prices may suffer a ripple move and plunge to $1600.
MATIC Price Analysis: Buyers At $0.50 Eyes A Jump To $0.75!
Descending for most of 2023, the MATIC price loses the new year gains, leading to a 67% drop in the last 8 months. In addition to the downfall, the Polygon coin price action forms a bear channel in the daily chart.
Breaking multiple support levels, the downtrend rally finds a solid footing at the psychological mark of $0.50.
Continuing the trend of making lower high formations in the daily chart, the MATIC price remains under extreme bearish pressure. Moreover, it leads to a strong resistance trendline in motion.
Currently, with the help of strong demand at $0.50, absorbing the incoming supply, the Polygon coin price is challenging the trendline. Trading in a narrow range between the trendline and the $0.50 mark, the price action teases a sharp breakout move shortly.
As of now, the MATIC price is trading at $0.5203, with a growth of 1.15% over the last 24 hours, creating a bullish candle.
Technical indicators:
MACD indicator: The MACD and signal lines avoid a negative crossover with the recent spike in MATIC price. Moreover, the resurfacing bullish histograms add extra points to the bullish breakout possibility.
RSI indicator: The daily RSI line maintains above the 14-day SMA but struggles to surface above the halfway line. Moreover, the bullish divergence arises in the daily RSI.
Will MATIC Price Sustain Above $0.50?
Considering the ongoing trend, the chances of downtrend continuation are substantial in MATIC price. However, the solid support found at the psychological mark of $0.50 holds the fort. Currently, the altcoin breaking the trendline or the $0.50 mark in a no trade zone will signal an entry spot.
The bullish breakout will surge the Polygon coin price higher to the $0.74 mark close to the 200-day EMA. On the flip side, if altcoin slides under $0.50, then it will plunge to $0.40.
BCH Price Eyes $300 With This Breakout!
Bitcoin Cash witnessed a staggering 200% price surge in June, drawing significant attention from traders and investors alike. However, following this astronomical rise, a downtrend correction ensued, with Bitcoin Cash now finding support at the $180 mark, priming it for a bullish spike that’s contesting the resistance trend line.
Currently, Bitcoin Cash is oscillating between two pivotal Fibonacci levels: 61.80% and 38.20%. The breakout direction from these levels will be a decisive factor in predicting Bitcoin Cash’s future price trajectory.
Bitcoin Cash is sculpting a potential double bottom pattern, taking root from the $180 mark. This setup suggests a reversal is on the horizon, aiming to challenge the short-term correction resistance trend line. A successful breakout could propel Bitcoin Cash beyond the 38.20% Fibonacci level.
Currently, the BCH price trades at $195, with an intraday growth of 0.76%, displaying a potential rounding reversal before reaching the 200-day EMA. Moreover, the price action displays multiple Doji candle formations that increase the likelihood of a bullish breakout.
Shifting our focus to the technical indicators, the RSI presents a bullish divergence in alignment with the double bottom pattern, indicating an undercurrent of positive momentum. Furthermore, the MACD and its signal lines sustain a bullish stance with similar divergence and dodge a potential bearish crossover.
On inspecting the exponential moving averages in the daily chart, a conspicuous sideways trend becomes evident between the 50 and 200-day EMA. This lateral movement signals caution, as a looming death cross might materialize if the BCH price dips beneath the crucial $180 support threshold.
Will Bitcoin Cash (BCH) Price reach $300?
On the bullish front, Bitcoin Cash exhibits substantial potential for growth, with a target of $300 being feasible upon a breakout above the $228 mark, a level that coincides with the 38.20% Fibonacci retracement.
Conversely, if the price of BCH can’t hold on to $180, a major level that aligns with the 61.80% Fibonacci level, it could tumble down to $150 or even as low as $100.
The tug-of-war between these Fibonacci levels will indeed play a pivotal role in the BCH price trend in the near term.
Bloomberg Analyst Eyes Bitcoin’s Future Through GBTC’s ETF Transformation
Bloomberg ETF analyst James Seyffart has disclosed that the chances of Grayscale Bitcoin Trust ($GBTC) converting into an ETF have drastically soared since June.
This week, he has put the chances of Grayscale’s Bitcoin Trust converting into an ETF squarely on the map. Seyffart’s assertions don’t come without substance – GBTC trading at a 26% discount to its net asset value makes his predictions hard to ignore.
FTX Debtors Accuse Grayscale of Depriving Shareholders
FTX Debtors have taken aim at Grayscale, the company that manages GBTC. “Depriving shareholders of billions through extracting exorbitant management fees” is no small charge.
FTX Debtors are among the major shareholders of Grayscale Bitcoin Trust and Grayscale Ethereum Trust, and their legal action has sent shockwaves throughout the cryptocurrency community.
Major Shareholders Rally Behind Lawsuit Against Grayscale
Major shareholders including Alameda Research Ltd., UTXO Management, and numerous funds have launched GrayscaleLitigation.com, where eligible shareholders can join as co-plaintiffs in a lawsuit against Grayscale Investments, LLC. The lawsuit demands the repayment of excessive fees and injunctive relief to allow redemptions.
The participants have until September 1, 2023, to sign on, adding further momentum to an already volatile situation.
Court Ruling on GBTC Discount Holds Investment World in Suspense
A highly anticipated ruling from the DC Circuit Court of Appeals on Grayscale Investments’ lawsuit against the US Securities and Exchange Commission (SEC) looms large. Regardless of the outcome, it has the potential to dramatically impact Grayscale’s flagship bitcoin trust and the discount at which its shares currently trade.
Seyffart predicts that GBTC could reach “a near-zero discount” with an official announcement and timeline for its conversion to an ETF.
What’s Next for GBTC?
The court’s decision, regardless of its favor, will be instrumental in shaping the trajectory of GBTC. Should the ruling favor the SEC, industry experts believe the specifics of the decision will be paramount. A rejection based on market manipulation concerns could push GBTC towards a bigger discount, while a more benign ruling might have a lesser impact.
The discount could close significantly with a Grayscale victory, according to Chase White, senior research and policy analyst at Compass Point Research & Trading, but not entirely, as further regulatory processes could take up to 240 days.
Community Influence XRPs Army, Doge’s Community, Big Eyes Infinity’s Presale
Historically, community influence is pivotal to any type of organisation functional in any industry. Similarly, the cryptocurrency community is vital to every cryptocurrency project’s growth, awareness, adoption, and participation. Recently, the crypto market witnessed the role of Ripple’s (XRP) community, known as XRP Army, during the turmoil of the lawsuit against the US Securities and Exchange Commission. Similarly, Dogecoin’s (DOGE) Reddit community propelled the project to an all-time high of $0.86.
These are instances of crypto initiatives that received momentum from the community. However, Big Eyes Infinity (BIGINF), a newly launched token and part of the Big Eyes (BIG) ecosystem, is specifically designed to give back to the Big Eyes community, who may have lost out on the original presale rewards.
Ripple’s XRP Army Backs The Token
The XRP Army and the Dogecoin community have supported their projects regardless of the conditions. Both currencies’ community impact is seen in the crypto market. Recently, in a case with the US SEC, the XRP army stood firmly and supported the project without hesitation. As a result, the currency gained up to 98% in the hours following the partial victory, reaching as high as $0.93. Similarly, the dedicated Dogecoin community that originated on Reddit has helped the coin to an all-time high price of $0.86. DOGE attracted the attention of significant individuals such as Elon Musk shortly after its launch. His occasional tweets and support for Dogecoin have propelled the coin to the forefront, creating prospects for other joke coin projects.
In terms of new meme coins Big Eyes Infinity, a project and part of the Big Eyes Coin ecosystem, has begun its presale. The token is intended for Big Eye Cat Crew members and those who missed the previous presale. The Big Eyes team, unlike other meme currencies, wishes to give back to the community. The presale began at $0.00006 and will conclude at $0.00036. Big Eyes Infinity offers the appealing prospect of a 6x return on investment. Big Eyes Cat Crew members can use Big Eyes Infinity in the future 819Casino and Big Eyes Coin play-to-earn games.
A Tantalising Tale Of DOGE Community
Unlike Bitcoin, members of the XRP army believe in controlled exchanges. They believe it is absurd to believe that a decentralised currency like Bitcoin will genuinely bring the system down. However, a truck driver and Dogecoin community member turned a $250 investment into a $755,000 profit, shocking the crypto industry. All of this potential was created through the community’s action and involvement. Elon Musk also created a dog-themed meme in response to a “Doge tweet” shared by Twitter user EPavlic. This occurred at the same time when the Dogecoin coin price recently increased by 3.08%, temporarily reaching $0.0747.
in DEX. For that reason, the token will be launched directly on DEX after presale and once the tokens are distributed. The team has planned to airdrop the token for equivalent and transparent distribution before the DEX listing. Big Eyes Infinity is all about the Cat Crew and making a brighter future for everyone by learning from mistakes in the past.
Where Can Cat Crew Utilise The Token?
According to the project plan, XRP and Dogecoin can be used in many ways. Members of the XRP army can use XRP tokens to transfer transactions away from central databases maintained by financial institutions and toward a more open infrastructure while substantially cutting costs. XRP transactions are trustworthy, rapid, and inexpensive, making them suitable for cross-border transactions. While DOGE is supposed to be X’s (previously Twitter) currency, Musk has already ruled out the release of the X token. Previously, Musk’s electric vehicle firm, Tesla, withdrew BTC as a transaction mechanism while keeping Dogecoin.
In terms of utility, Big Eyes Cat Crew members can use Big Eyes Infinity tokens in the upcoming 819Casin and P2E platforms. When an investor acquires BIGINF tokens during the presale, Big Eyes will match the number of tokens acquired and deposit them into the investor’s Big Eyes 819Casino account as a bonus once the presale closes. The investor can utilise his bonus tokens on his 819Casino account. He can withdraw his bonus tokens from your 819Casino account after playing with them 2.5 times.
Next Biggest Presale Is Live!
In the cryptocurrency market, community influence is considered significant. The XRP and Dogecoin communities have let their tokens climb and reach unprecedented heights. Big Eyes Infinity, an innovative project of the Big Eyes ecosystem, on the other hand, is concentrating on its Cat Crew community, allowing them to earn large returns in a new presale opportunity.
Big Eyes Infinity (BIGINF)
Website: https://bigeyes.space/
Telegram: Contact@BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
Shiba Is Followed By Dogecoin While Big Eyes coin Go To Infinity
There are numerous meme coins to invest in 2023, but only a handful have the potential to reward investors. A seasoned crypto analyst recently revealed a surprising delight to crypto investors. According to the expert, Shiba Inu (SHIB) and Dogecoin (DOGE) have a favourable association with their prices moving in similar directions historically.
Meanwhile, a new project Big Eyes Infinity (BIGINF), is knocking on the crypto market’s door with an upcoming presale. Big Eyes Coin (BIG), which has already established itself as a top contender, represents this new project. The BIGINF presale will last three months, providing a profitable opportunity for individuals who missed the first presale.
Shiba Inu vs Dogecoin
Shiba Inu and Dogecoin are both cryptocurrency meme currencies. While they have certain similarities, they also have significant differences. SHIB and DOGE have big and active communities, but the Shiba Inu group is larger and more active. Both the coins can be used to tip people, make online payments, and gamble and recently have seen price fluctuation as well as experienced an increase in trade volume.
Regarding differences, Dogecoin has its own blockchain, whereas Shiba Inu is built on the Ethereum blockchain. Shiba Inu accesses the Ethereum ecosystem, including smart contracts and DeFi apps. Shiba Inu has a 40% burn rate, meaning its supply will decrease over time, potentially raising its value.
In contrast, Dogecoin has a 0% burn rate. Shiba Inu can be used for DeFi, gaming, and NFTs, while both currencies can be used for tipping, online payments, and gambling. Compared to Shiba Inu, launched in 2020, Dogecoin has a higher market value and a longer track record.
Feline Goes To Infinity
Big Eyes Infinity is one of the meme coins to invest in in 2023. BIGINF is a Big Eyes Coin project with a three-month presale where the token will use in its 819Casino and P2E games. By proving its commitment to rewarding the community and increasing its reach, BIGINF will strengthen the Big Eyes Coin ecosystem.
Big Eyes Infinity will take the Big Eyes community to new heights of success and popularity as the project is all about increasing income through increased transparency and learning from past mistakes. BIGINF tokens will be airdropped to holders at the end of the presale and listed on a DEX to maximise earnings for community members. The Big Eyes Infinity BIGINF utility coin has an attractive feline mascot, and the holders will get access to the Big Eyes platform, which includes games like 819Casino and P2E.
When an investor buys BIGINF tokens during the presale, Big Eyes will match the number of tokens gained and deposit them into the investor’s Big Eyes 819Casino account as a bonus once the presale ends. When the Big Eyes Infinity presale finishes and BIGINF becomes accessible, the investor can utilise his bonus tokens on his 819Casino account. He can withdraw his bonus tokens from 819Casino account after playing with them at least 2.5 times.
The Last Bite
Dogecoin follows Shiba Inu regarding market booms, in contrast to hundreds of meme coins to invest in by 2023. However, Big Eyes Infinity, a unique enterprise, will propel its owners to unprecedented heights of wealth. The presale is inten for the community and individuals who could not participate in the previous presale. Now is the moment to act and participate in this one-of-a-kind presale opportunity.
Big Eyes Coin (BIG)
Telegram: Telegram: Contact @BIGEYESOFFICIAL
Instagram: https://www.instagram.com/BigEyesCoin/
Twitter: https://twitter.com/BigEyesCoin
Shiba Inu Is Followed By Dogecoin While Big Eyes Go To Infinity
There are numerous meme coins to invest in 2023, but only a handful have the potential to reward investors. A seasoned crypto analyst recently revealed a surprising delight to crypto investors. According to the expert, Shiba Inu (SHIB) and Dogecoin (DOGE) have a favourable association with their prices moving in similar directions historically.
Meanwhile, a new project Big Eyes Infinity (BIGINF), is knocking on the crypto market’s door with an upcoming presale. Big Eyes Coin (BIG), which has already established itself as a top contender, represents this new project. The BIGINF presale will last three months, providing a profitable opportunity for individuals who missed the first presale.
Shiba Inu vs Dogecoin
Shiba Inu and Dogecoin are both cryptocurrency meme currencies. While they have certain similarities, they also have significant differences. SHIB and DOGE have big and active communities, but the Shiba Inu group is larger and more active. Both the coins can be used to tip people, make online payments, and gamble and recently have seen price fluctuation as well as experienced an increase in trade volume.
Regarding differences, Dogecoin has its own blockchain, whereas Shiba Inu is built on the Ethereum blockchain. Shiba Inu accesses the Ethereum ecosystem, including smart contracts and DeFi apps. Shiba Inu has a 40% burn rate, meaning its supply will decrease over time, potentially raising its value.
In contrast, Dogecoin has a 0% burn rate. Shiba Inu can be used for DeFi, gaming, and NFTs, while both currencies can be used for tipping, online payments, and gambling. Compared to Shiba Inu, launched in 2020, Dogecoin has a higher market value and a longer track record.
Feline Goes To Infinity
Big Eyes Infinity is one of the meme coins to invest in in 2023. BIGINF is a Big Eyes Coin project with a three-month presale where the token can be used in its 819Casino and P2E games. By proving its commitment to rewarding the community and increasing its reach, BIGINF will strengthen the Big Eyes Coin ecosystem.
Big Eyes Infinity will take the Big Eyes community to new heights of success and popularity as the project is all about increasing income through increased transparency and learning from past mistakes. BIGINF tokens will be airdropped to holders at the end of the presale and listed on a DEX to maximise earnings for community members. The Big Eyes Infinity BIGINF utility coin has an attractive feline mascot, and the holders will get access to the Big Eyes platform, which includes games like 819Casino and P2E.
When an investor buys BIGINF tokens during the presale, Big Eyes will match the number of tokens gained and deposit them into the investor’s Big Eyes 819Casino account as a bonus once the presale ends. When the Big Eyes Infinity presale finishes and BIGINF becomes accessible, the investor can utilise his bonus tokens on his 819Casino account. He can withdraw his bonus tokens from 819Casino account after playing with them at least 2.5 times.
The Last Bite
Dogecoin follows Shiba Inu regarding market booms, in contrast to hundreds of meme coins to invest in by 2023. However, Big Eyes Infinity, a unique enterprise, will propel its owners to unprecedented heights of wealth. The presale is intended for the community and individuals who could not participate in the previous presale. Now is the moment to act and participate in this one-of-a-kind presale opportunity.
Big Eyes Coin (BIG)
Telegram: Telegram: Contact @BIGEYESOFFICIAL
Instagram: https://www.instagram.com/BigEyesCoin/
Twitter: https://twitter.com/BigEyesCoin
Bitcoin Price Forecast for Next Week: BTC Eyes $30K Volatility as Open Interest Nears 1-Year High
As the sun sets on another volatile week for Bitcoin, traders are preparing for yet another ride in the upcoming days. As the open interest (OI) metric has touched its 1-year high, Bitcoin (BTC) is on the edge of seeing significant price volatility, and it’s looking towards the $30K mark next week.
Traders Are Unhappy With SEC
Bitcoin traders are currently dissatisfied with recent price movements, especially given the price’s failure to cross the $30,00 threshold in the past few weeks. This disappointment deepens as many applications for spot Bitcoin exchange-traded funds (ETFs) are experiencing delays or remain under regulatory scrutiny.
Interestingly, there’s been a marked increase in open interest (OI) for Bitcoin futures contracts, suggesting a heightened demand from institutional investors. According to CryptoQuant’s data, the OI metric is currently trading at $10 billion after touching nearly 1-year high of $10.4 billion recently. This level was last seen in 2022’s November when BTC price broke above the $20K mark.
However, the price couldn’t maintain its upward momentum because of FTX’s downturn that time. Now the same level has been reached again and traders are optimistic about a potential bullish comeback next week.
Open interest refers to the total number of outstanding derivative contracts, such as futures and options, that haven’t been settled. A surge in this figure suggests an increased activity in the market and can be a precursor to potential price movements, especially when combined with volume.
The fact that Bitcoin’s open interest has hit a 1-year high is a strong indicator that traders are increasingly hedging their positions or speculating on the price movement. It’s a sign that the market is gearing up for a significant move toward its psychological level of $30K.
What’s Next For BTC Price?
Bitcoin attempted to surge past the $30K level this week but failed to gain buying momentum near higher levels as bears are taking advantage of upticks to sell. As of writing, BTC price trades at $29,424, surging over 0.1% in the last 24 hours.
The price variance of the BTC price has become narrower, consolidating between $29,300 and $29,500. With both moving averages leveling off and the relative strength index (RSI) hovering around the midpoint, it hints that this sideways movement might continue for a while.
Predicting the breakout’s direction is challenging when prices remain within such a tight range. Nevertheless, traders should anticipate a clear move next week.
A dip below $29,100 could push the price towards the range bound zone between $28,300 and $28,700. On the flip side, if the price breaks and holds above $30,200, it might set the stage for a rise to $31,500. Clearing this barrier could pave the way for an ascent to $32K.
Chainlink (LINK) Gains Momentum and Eyes Breakout Amidst Positive Fundamentals
The Chainlink (LINK) army has been accumulating in a horizontal range since May last year without a clear breakout. However, recent developments in the altcoin market, triggered by the XRP case last week, have experts believing that Chainlink’s price could secure a breakout in the coming months.
The LINK ecosystem has seen significant positive developments, with numerous DeFi protocols integrating their systems with Chainlink’s price feed oracles. This integration has become almost essential for the launch of any new DeFi protocol, further strengthening the Chainlink ecosystem. Additionally, the decentralized data node operators within the Chainlink network contribute to the secure and scalable provision of independent data.
The daily trading volume also surged by approximately 187% in the past 24 hours, reaching around $562 million. Respected crypto analyst Michael van de Poppe believes that these bullish indicators will sustain in the near future, projecting an expansion of LINK’s price towards $15 after a recent forced liquidation below the lower consolidation range border.
On the daily time frame, the LINK price finds support from the 50 and 200 moving averages, which have served as crucial levels. This support further reinforces the analyst’s expectation that Chainlink (LINK) could easily rally beyond $9.5 if Bitcoin’s price drops below $30k in the coming weeks.
With the accumulation of positive fundamentals and integration with numerous DeFi protocols, Chainlink (LINK) is poised for a potential breakout after a long horizontal range. Crypto analyst Michael van de Poppe predicts a bullish outlook for LINK, projecting a price expansion toward $15.
Furthermore, the technical analysis reveals significant support levels for LINK, providing further confidence in its upward potential. As the altcoin market gains momentum, Chainlink’s performance is worth monitoring for potential investment opportunities.
Pepe Coin (PEPE) Up 39% The Last 4 Weeks, Alex The Doge (ALEX) Catching The Eyes Of Memecoin Whales
In the world of cryptocurrencies, memecoins have gained significant popularity, capturing the attention of investors looking for the next big thing. While both coins have seen notable price movements, Alex The Doge (ALEX) has emerged as a strong contender, attracting the interest of memecoin whales. In this article, we will delve into the recent price action of Pepe Coin and explore what sets Alex The Doge (ALEX) apart in the memecoin space.
Pepe Coin (PEPE) Price Surge
Over the past four weeks, Pepe Coin (PEPE) has experienced a significant surge in price, climbing by an impressive 39%. This surge has caught the attention of investors and social media enthusiasts, sparking discussions about the potential of this memecoin. However, it is important to note that despite this recent rally, Pepe Coin’s long-term prospects are still uncertain.
ALEX Attracts Large Investors to Its Presale
One of the key factors contributing to Alex The Doge (ALEX)’s growing popularity is its ability to attract large investors to its presale. The ongoing presale has already seen over 14.3 million ALEX tokens sold, paving the way for the coin’s imminent launch. This strong support from investors demonstrates their confidence in the project and its potential to make a significant impact in the memecoin market.
The Usability of ALEX
Alex The Doge (ALEX) is not just another memecoin; it is a memecoin with a purpose. The token will be launched on the Polygon network, making it ideal for hosting GameFi and Play-to-Earn (P2E) applications. Alex The Doge (ALEX) will power the Miracleverse, a digital gaming world where the Alex The Doge (ALEX) community can interact, learn, trade, and play. The token will serve as a rewards mechanism within the P2E games supported by the Miracleverse and will also be utilized for social trading and decentralized finance (DeFi) activities.
Gamification of Alex The Doge
Every aspect of Alex The Doge (ALEX) has been gamified, including the project’s roadmap. The development of various products is in progress, including a collection of Alex The Doge NFTs, a series of comic books featuring Alex and the Miracleverse, and even a casino within the digital gaming world. Additionally, the team behind Alex The Doge (ALEX) has plans to form partnerships with GameFi developers and other entities within the space, further enhancing the project’s potential.
ALEX’s Road to Exchange Listings
After the initial launch on Uniswap, Alex The Doge (ALEX) will be listed on multiple centralized exchanges (CEXs), making it easier for the community to enter the Alex The Doge (ALEX) ecosystem and explore the Miracleverse. Unlike many other memecoins that lack differentiating factors, ALEX will enter the market with a suite of products already under development, setting it apart from the competition.
ALEX vs Pepe Coin (PEPE): The Battle of Memecoins
While both ALEX and Pepe Coin (PEPE) have attracted attention in the memecoin space, ALEX’s strong foundation and innovative features give it an edge over its counterpart. Pepe Coin’s recent price surge may have caught the interest of investors, but ALEX’s comprehensive roadmap and gamified ecosystem provide a solid foundation for long-term growth.
Conclusion
In conclusion, the world of memecoins continues to evolve, with ALEX and Pepe Coin making their mark. While Pepe Coin has seen a notable price surge, ALEX stands out as a stronger memecoin, attracting large investors to its presale and offering a gamified ecosystem through the Miracleverse. As the battle of memecoins continues, ALEX’s vision, marketing prowess, and innovative features position it to gain traction and potentially surpass its competitors in the ever-changing memecoin landscape.
For more information about Alex The Doge (ALEX) presale use the links down below:
Binance eyes Global leadership with New Power Player – Richard Teng
Binance has just handed over the keys to all its global markets (excluding the US) to Richard Teng. Now, he is the Head of Regional Markets except in the US. Known as a quick climber in the business world, Teng has been with the company for less than two years. His journey up the ladder of this crypto giant is nothing short of compelling.
Over the past 2 years, Binance has retooled its executive team with globally recognized compliance & regulatory leaders like @_RichardTeng, now #Binance‘s Head of Regional Markets.
This is so Binance can evolve with regulators’ expectations of the industry in the years to come.
— Binance (@binance) May 29, 2023
When Teng stepped into Binance’s office in August 2021 as Chief Executive Officer of Singapore, the digital asset sector was in the midst of turbulent times. Yet, he rapidly rose through the ranks, proving his mettle in an industry known for its swift pace and relentless challenges. His most recent promotion, effective Monday, saw him take on even greater responsibility, expanding his leadership from Asia, Europe, the Middle East, and North Africa to all global regions.
Richard Teng thanked Binance’s CEO, senior leaders, and team for their trust, support, and advice in his recent tweet.
Grateful for the confidence, support and guidance from @cz_binance, @heyibinance, senior leaders and team at #Binance https://t.co/dAuO1MNzvT
— Richard Teng (@_RichardTeng) May 29, 2023
Teng’s Crucial Role Amid Regulatory Hurdles
The promotion comes at a particularly testing time for Binance and its CEO Changpeng “CZ” Zhao, who are grappling with US regulators over compliance concerns. While the company is facing some headwinds in the US, its systems go elsewhere.
Recent initiatives include launching a new platform for Japanese residents following the acquisition of a local crypto firm and securing licenses for a digital exchange in Thailand through a joint venture. In Australia, however, the company’s permit for its derivatives business has been temporarily suspended pending a review.
Chia Hock Lai, Chairman of the Blockchain Association Singapore, believes that Teng’s rich international experience, deep understanding of regulatory affairs, and established global connections will be crucial to Binance in these challenging times.
“Navigating the complexities of the global regulatory landscape requires a leader like Richard,” he said.
A Wealth of Experience
This step up the ladder comes shortly after Teng assumed control of Asia in addition to his role overseeing Europe, the Middle East, and North Africa, a position he accepted just a month prior.
Teng isn’t a newcomer to high-ranking positions. Before joining Binance, he was the CEO of Abu Dhabi Global Market, Chief Regulatory Officer at the Singapore Exchange Ltd., and Director of Corporate Finance at the Monetary Authority of Singapore.
Can Teng leverage his international experience to successfully navigate Binance through its current regulatory challenges? Will Teng’s leadership enable Binance to overcome its compliance issues and establish dominance outside of the US? Only time will tell!
NFT Toys Make it Big on Amazon as Tron, Polkadot and Big Eyes Coin Lead Best Crypto Projects in 2023
The toy industry is a lucrative market, valued at over $100 Billion in the US alone. Disney, Pokémon, Barbie and Legos all hold a thick piece of the pie of the toy market cap, and it’s hard to foresee a future where this monopoly can be toppled.
However, in May 2023, Amazon debuted a new toy collection, Pudgy Penguins, which generated over $500,000 in 2 days—outselling the most popular toy brands within the 48-hour cycle.
Pudgy Penguins isn’t an ordinary toy collection; it’s the new ‘NFT Phygital’ toy collection. Purchasing a phygital toy allows you to experience the toy physically and virtually. Therefore, you would be able to play and trade your toy anywhere! Whether it’s your bedroom or the metaverse.
What Pudgy Penguins does differently from other phygital toy collections is that each toy is registered on the blockchain as an NFT. This means every Pudgy Penguin can have their origins and trading history validated on the blockchain to bring user security when trading collector items and defeating knock-off culture in the process.
Phygital NFTs include even more benefits over traditional toys and phygital toys. Polkadot, Tron and Big Eyes Coin are leading some of the top 10 crypto projects that take full advantage of Phygital NFT capabilities.
Polkadot’s Network Boosts the Tradability of Phygital Toys
Polkadot (DOT) is a layer-0 protocol with ambitions to be designed as a future decentralised web for all blockchain networks, cryptocurrencies and DApps. The Polkadot layer-0 network will encourage user trade and business amongst crypto communities, and with the rise of NFT phygital toys—DOT will allow the market to thrive with niche brands—driving NFT phygital toys to become the leaders of the toy industry.
Tron Empowering Phygital Creators
Launched in 2017, Tron (TRX) is a decentralised blockchain platform dedicated to content creation. Tron wants to be part of the new Web 3 Internet that prioritises content creators to empower them with online income earning opportunities. A sector positioned to dominate the Tron space will be NFT phygital creators. Content creators can use the network to create games connected to NFT phygital toys to provide more incentive for purchasing a phygital toy.
Big Eyes Coins Strategic Position in the Phygital Market
A meme coin represented by cat memes and themed around cutesy art makes it a perfect candidate to enter the NFT phygital space. In fact, Big Eyes Coin (BIG) have great ambitions to become more than just a meme coin such as DOGE and PEPE. BIG are building an ecosystem where transactions, gaming, and online browsing are all carrying the Big Eyes theme.
BIG have already announced they will be launching 4,000 casino games and numerous P2E games on August 29th 2023. The community will be able to spend their earnings at the NFT marketplace, then strut their stuff with digital assets at the NFT Sushi Crew—a virtual club for the community to socialise and trade NFTs.
NFTs and P2E gaming are already key parts of the Big Eyes Coin experience, directly attracting an audience drawn to Phygital that combines gaming and NFTs. BIG is positioned as a future leader in the gaming and NFT space—it goes to show with BIG already securing $36 million in pre-sales.
Conclusion: Phygital Expansion Continues
With NFT phygitals starting to attract mass audiences, consumers want to look for the most creative and attractive toys.
With BIG’s cutesy art style and fun ecosystem, BIG NFTs and phygitals show great promise in the future when Big Eyes Coin comes out of pre-sale on June 3rd 2023. Early investors have a lucky limited-time-only offer they can take advantage of now that prices BIG tokens at the stage 3 price of $.0.00017.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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Big Eyes Coin Gears Up For Meme Coin Season, Presale To Wind Down On June 3rd
Big Eyes Coin is launching amidst the growing momentum behind meme coins. Can the feline-themed token seize the moment and ride the meme coin wave?
Big Eyes Coin (BIG), the token leading the biggest presale in recent crypto history, is set to end its presale on June 3rd. The Big Eyes presale has brought in an astonishing $35 million and it shows no signs of slowing down. The project has exceeded expectations and has shot past its funding goal.
Big Eyes: Finding The Winning Formula For Meme Coins
As meme coins add more utility to their ecosystems, they have renewed investor interest, and Big Eyes plan to launch in time to ride this wave. Big Eyes is built around the idea of being an asset that has utility. The token has stated from the beginning that it plans to build a comprehensive ecosystem that can host DApps and DeFi projects.
Big Eyes bills itself as a community token with the express goal of shifting wealth into the DeFi ecosystem. The token has also stated that protecting the world’s oceans is one of its core goals. The token is built on the Ethereum blockchain and will offer its community a whole host of services from its ecosystem.
BIG will have a total supply of 200 billion, and 80% will be available on launch. The modest supply of BIG compared to the unlimited supply of Dogecoin and a quadrillion of Shiba Inu gives it a leg up in having more value.
The Big Eyes presale is one of the most subscribed presales in recent years, and the rush can be attributed to the project’s plans for its ecosystem. One of the things that kept the presale exciting was the offer of Loot Boxes or offered bundles that would reward buyers. One Loot Box offered buyers NFT cards that they could use to mint BIG NFTs. BIG NFTs are the first step in building the Big Eyes ecosystem.
One thing that makes Big Eyes the investor’s favourite is its focus on building DeFi projects in its ecosystem. Big Eyes has stated that it has identified DeFi as the wealth creator for its community. As the traditional financial system makes way for the DeFi ecosystem, pushing for it will pay rich dividends for the network and its community.
Big Eyes has stated that it will launch on Uniswap on June 15th. The team has also stated that BIG will be available on major exchanges soon after launch. The cat crew has released the END300 promo code to celebrate the successful close of the presale. The END300 promo code gives buyers a 300% bonus of BIG tokens on top of their purchase.
The Soft Side Of The Serious Kitty
Big Eyes stand out from other meme coins with its focus on utility and the ecosystem. The project has placed a premium on building solid fundamentals for the network with NFTs and smart tokenomics. But the Big Eyes network is not tied to the serious and obscure world of crypto. The project is community-oriented to the core and is also committed to giving back to the planet. The project has pledged 5% of its total supply to a charity wallet that will donate to projects aimed at protecting the oceans. The Big Eyes community can decide on the projects and causes the network donates to.
Big Eyes will enter a crypto market ready for meme coin season. The project is primed to cash in on this moment with its focus on DeFi. Its focus on community and charity makes the project stand out from the sometimes faceless crypto crowd. If the stellar showing of Big Eyes in presale is any indication, the meme coin could take on the likes of Dogecoin and Shiba Inu and walk away victorious.
For More on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Opensea: https://opensea.io/collection/big-eyes-lootbox-cards
Twitter: https://twitter.com/BigEyesCoin
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Big Eyes Ready To Launch As Market Closes In On Others
While this year has observed the recovery of the crypto market, some Cryptocurrencies are yet to break free. While Binance has remained in proximity of a strong resistance zone, Monero is caught under the burden of the trading volume. Meanwhile, the brand new Big Eyes Coin is ready to launch, but not before giving users one more chance to make the most of one of their paw-some offers. Read on to know it all!
Will Binance Break Through?
Binance Coin (BNB) has been trying to break away from a resistance zone at the $320 mark this past week. The native token of the world’s largest DEX has seen dips throughout the week, and signs of a bearish trend were evident since the bulls struggled to retain composure. Data from crypto news website newsbtc.com points towards a bearish line forming near the $333 mark.
BNB needs to make it past the $335 resistance zone to trigger bullish moves. If it fails to do so, it will fall to the $320 support level.
Monero Caught Between Trading Volumes
Monero (XMR) is an open-source cryptocurrency that was introduced in 2014. Monero highly values user privacy, hence details like the identity of users and the amount of money involved remain hidden. This is also true with transaction history, a feature that is unavailable even on Bitcoin’s blockchain. This allows users to keep their held units free from being blacklisted or refused.
At the time of writing, XMR is trading at $156.15, which is about 149% more than its lowest price and about 64% lower than its highest price in the past year. Whereas weekly data from Investors Observer shows low trading volume in the past week.
Big Eyes Coin: The Cat Is Out Of The Bag!
After having run a presale that broke Ethereum’s record, DeFi Memecoin Big Eyes (BIG) has recently confirmed their launch date: June 15th! This comes with an update in their roadmap: their very own Casino! But that’s not all.
A presale that not only brought together a passionate and fun-loving community with its attractive features and contests but also raised an impressive $35.55 Million that cannot end without a bang! For a very limited time, users may use the Double Up feature to double their wallet holdings for only 25% of their deposits!
Aside from that, there is also the offer that allows users to use code END 300 to win a bonus of 300% on the purchase of BIG tokens as well as their Lootboxes. If you’re wondering what those are, they’re just packages you can buy to win rewards that are always worth equal to or more than the price you paid. How often do we even get something with no risk and guaranteed returns in crypto? Worth a shot, right?
The Crypto market is not short of breakthroughs, or technically, breakouts, and most AltCoins are required to make it through difficult areas to be able to display a sustained upward trend. Oftentimes such trends are only subject to market volatility and are thus unpredictable. This has been the case with Binance Coin, currently struggling to break free from a crucial resistance zone. The focus on utility is what attracts investors, and with Monero’s focus on safety, it can surely provide some assurance to its users. However, the non-traceability of transactions also means assets can be used for unethical or immoral reasons. On the other hand, Big Eyes Coin focuses on utility, community-building as well as rewards, making it a win-win situation for its users. This makes it a contender in crypto, and a memecoin that is here to stay.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy1.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
OpenSea: https://opensea.io/collection/big-eyes-lootbox-cards
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The Bear Turning into a Bull by Chainlink, Cronos, Big Eyes Coin
Although we are still in progress through 2023, the crypto market has been hot and cold, bull and bear in recent months. Typically, May brings flowers, but this year adds bloom to the altcoin season. Good time to look forward to.
This article will examine Chainlink (LINK), Cronos (CRO), and Big Eyes Coin (BIG).
Chainlink (LINK): Living the Bullish Moment
Chainlink is a decentralised analytics service. It increases smart contract interconnectivity by providing intelligent agreements with dependable data feeds, APIs, payments, and other resources. Chainlink is essentially a bridge connecting the network and outside the chain systems.
Chainlink enables intelligent contracts to respond quickly to incidents in the real world and perform obligations that would otherwise require external proof of performance by granting them access to off-chain resources. Chainlink solutions are initially designed on the Ethereum blockchain, while the business plans to support other major innovative contractual chains in the future.
Chainlink has evolved beyond accumulating and distributing Bitcoin pricing data to protocols known as DeFi, such as Aave, too much more. Utilising 1,000 project combinations with 700 Oracle networks, the ecosystem has access to over 1 billion data points, securing over $75 billion in value.
However, one of the most significant victories for Chainlink has been the appointment of Eric Schmidt, ex-Google CEO and chairman, as an expert advisor to the Oracle network rules and regulations.
On the other hand, the project team has already established a testnet with seven working Chainlinks, letting developers communicate with the BraveNewCoin, CoinMarketCap, CryptoCompare, Kaiko, EasyPost, FlightStats, and Chainlink Alarm Clock APIs.Chainlink’s price analysis recently suggests a substantial return in the bull market following a dip. The market LINK started at $7.1776 and quickly surged to $7.26, a 1.02% rise.
Cronos CRO: Competing with or Becoming Ethereum?
Cronos was previously known as the Crypto.org Coin until being renamed Cronos in February of this year. Its price has risen fast, and the primary reason for this is the recent collaboration between the creators and AWS. AWS is Amazon’s cloud business and the industry’s most prominent participant.
It competes with Microsoft Azure and Google Cloud, among others. Cronos stated that the collaboration would make it simpler for programmers in the ecosystem to learn how to use Amazon’s cloud platform. Affiliates of the accelerator programme will also have access to these tools, with the winners earning $30,000 in cash to help them develop their apps.
Regardless of the good news, Cronos’ ecosystem has encountered challenges. Like other chains, it faces more incredible rivalry from layer 1 and 2 networks taking market share.
Ethereum, Avalanche, and Tron are the top-layer chains it competes with. As Ethereum is one of the biggest crypto coins, will Crono compete with it, or will it become a bigger one? Time will tell.
It’s Time to Go BIG with the Big Eyes Coin
Big Eyes Coin is a community coin aiming to increase wealth in the DeFi ecosystem while safeguarding an important global ecological feature. Community tokens provide considerable revenue for the community and businesses. Big Eyes Coin is an innovative meme coin that has taken over cryptocurrency.
The currency has acquired popularity because of its distinctive characteristics, such as an innovative staking mechanism that awards holders a share of the network’s transaction costs. The coin in question also has a large fan base excited over its possibility of overhauling the meme coin market. Of course, there’s more; $35 million has been raised since the Big Eyes Coin presale began.
While investors take advantage of this golden opportunity, you have until June 3rd to join before it closes. But hold on; there’s more. This is a generous cat with huge eyes and enormous promo coupons. Big Eyes Coin will offer you a 300% bonus if you use the fantastic promo code END300. Doesn’t it seem too wonderful to be true? To my delight, it is true, so what are you waiting for?
For more on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
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Blockfi Says FTX Is One of the Major Driver of Higher Recoveries, Eyes $1 Billion in Recovery
According to recent court filings, troubled cryptocurrency exchange FTX might act as one of the major drivers behind the potential recovery of over $1 billion dollars in assets for creditors and clients of bankrupt crypto lender BlockFi. The success or failure of litigation supporting the claims against FTX and other commercial counterparties will significantly impact the recovery amount.
BlockFi has listed various projected recoveries, including the liquidation of assets and claims from different entities. However, the actual recoveries may differ from these projections based on several factors.
“While recoveries will be based on a number of factors, the largest driver of higher recoveries are our claims against Alameda and FTX,” the firm said on Friday.
As part of the plan, there is a list of expected recoveries by BlockFi and these projections include the liquidation of approximately $1.06 billion in BlockFi Inc. Interest Account Claims, $216 million in BlockFi Lending LLC Private Client Account Claims, and $371 million in BlockFi International Ltd. However, it is important to note that the actual recoveries received by clients may significantly differ from these projected figures.
BlockFi currently holds approximately $355 million worth of crypto assets that are frozen on the FTX exchange. Additionally, they have provided a loan of $671 million to Alameda Research, the trading arm of FTX. Both FTX and Alameda Research are undergoing Chapter 11 wind-down proceedings in Delaware.
In a recent development, U.S. Bankruptcy Judge Michael Kaplan ruled that BlockFi’s custodial wallet users are eligible to receive nearly $300 million in owed funds. This ruling allows for the return of non-estate digital assets held in client wallet accounts, subject to applicable set-offs. The liquidation plan, which outlines the return of these funds, was filed on Friday.
How To Invest In Big Eyes Coin During Its Triumphant Journey
What does Big Eyes Coin have to of-fur for the next six months?
Big Eyes Coin (BIG) has captured the attention of crypto communities worldwide with its unique approach to environmentalism and successful presale campaign. The meme token looks to enter and compete in the bull market!
As the presale comes to a close during alt season, Big Eyes Coin has exciting launches planned in its six-month exchange roadmap that investors would not want to miss.
As a meme coin, Big Eyes Coin (BIG) stands out for its eco-friendly proof-of-stake consensus mechanism. Unlike other cryptocurrencies that require intensive mining processes, their environmentally friendly consensus mechanism has attracted investors. What accompanies this thoroughly is that a portion of its holdings goes towards organisations that aim to protect the ocean, making Big Eyes Coin a promising investment option for those who want to make a positive impact while potentially making a profit.
The presale campaign has already raised an impressive $34.5 million, and investors can still take advantage of a 300% bonus on purchases until the presale expires on June 3rd by using the code END300. To incentivise investors further, Big Eyes Coin is also offering early access to forthcoming events and product releases by purchasing the Sushi Crew series of Big Eyes NFTs that feature adorable cats.
Big Eyes Coin’s six-month exchange roadmap aims to bring it to the top of the meme coin market, competing with popular coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The coin will be listed on Uniswap’s (UNI) DEX on June 15th, and the launch of a CEX on Binance BNB (BNB) is also a possibility. Over the next six months, Big Eyes Coin will be listed on exchanges such as Gate.io, Bitget, BKEX, LBank, Deepcoin, and many more.
Investing in Big Eyes Coin
Before investing in Big Eyes Coin (BIG), it’s important to do your own research and carefully consider the potential risks and rewards of investing in any cryptocurrency. That being said, if you’re interested in supporting eco-friendly causes and believe in Big Eyes Coin’s unique approach to proof-of-stake consensus mechanism, here’s how to invest:
First, create a wallet that supports Big Eyes Coin, such as MetaMask, Trust Wallet, or MyEtherWallet. Once you have a wallet, you can purchase Big Eyes Coin during the presale by visiting their website. It’s important to remember that investing in cryptocurrencies is highly volatile and speculative, so never invest more than you’re willing to lose. However, if you’re interested in supporting environmentalism and believe in Big Eyes Coin’s potential to compete with other meme coins, then investing could be a promising option for you.
With its unique approach to environmentalism, innovative features, and exciting developments, Big Eyes Coin has become a buzzword in the world of cryptocurrency.
The coin’s potential to compete with the likes of Dogecoin (DOGE) and Shiba Inu (SHIB) makes it a promising investment option for those who want to make a positive impact. They have some tricks up their sleeves over the next 6 months with their ground-breaking exchanges.
Take advantage of the launch of these excellent exchanges and stick around for the next six months to see Big Eyes Coin’s expansion.
Check out Big Eyes Coin’s (BIG) medium post and Twitter page for further details:
Presale: https://buy.bigeyes.space/
OpenSea: https://opensea.io/collection/big-eyes-lootbox-cards
Twitter: https://twitter.com/BigEyesCoin
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Big Eyes Coin All Set to Take Over the Memecoin Market with Others!
Memes are meant to be taken lightly, but do mind the Memecoins! The memecoin market is full of cryptocurrencies: some are created as a joke themselves, some are an ode to memes and some are a mix of both. If you’re looking to invest in memecoins this season, here’s a round-up of our top picks. The brand new Big Eyes Coin (BIG)-that’s approaching its launch by minute-followed by Floki Inu and Dogecoin.
Big Eyes Ready for Launch, But Not Yet
The memecoin market is all set to welcome a brand new player, and this time it’s a cat! Big Eyes Coin (BIG) has just announced the end of its iconic presale, June 3rd, but has one trick up its sleeve before launch.
The DeFi coin has already collected $35 Million in its presale stage and it only gets better. After all, it has so much to offer: a liquidity lock of 2 years on the initial supply, no buying, selling and trading fees on transactions, and a charity wallet to support ocean sanctuaries. Clearly, they want to reward their community-the kitty cuddlers simply for being there.
But that’s not all: perhaps the best among their schemes is Lootboxes. Users can buy a Lootbox to win rewards that are ALWAYS worth the price of the Lootbox itself. How often do you find schemes with no risk and guaranteed profit in the crypto market?
In fact, Big Eyes is giving its users one last chance to win before their launch. Using the code END300 while buying BIG tokens or Lootboxes, you can win a bonus of 300%! This is a limited time offer-and one that must not be missed.
Floki Inu: The Memecoin with a Heart
Created in 2021 by the Shiba Inu community as an ode to Elon Musk’s puppy of the same name and breed, Floki Inu (FLOKI) has since emerged as one of the most popular memecoins. Thanks to its unique Viking-themed branding and user-centric schemes, but more so due to its contribution to good causes, the memecoin has won the hearts of many.
But there is more in the wings for the Floki Inu community. An NFT Metaverse called Valhalla, a marketplace for NFTs and merchandise called FlokiPlaces and the Floki University, an educational platform that would teach young users about blockchain technology and the Floki Ecosystem. This is one memecoin that is willing to give back to the community and bring out a change. It is not wrong to say that this passion alone makes the coin a contender to watch out for.
Dogecoin: The Undefeated King of Memecoins
What was created as a joke on the Shiba Inu meme in 2013 eventually gave rise to the astonishingly important memecoin market as we know it today. Dogecoin (DOGE) now sits at the top of the memecoin market and is most frequently included in the top 10 cryptocurrency rankings of all time. And it isn’t new to endorsements, from businessman Mark Cuban, to Kiss Frontman Gene Simmons celebrities have expressed their affinity towards DOGE. In fact, Tesla and SpaceX Mogul Elon Musk almost got in legal trouble for allegedly tweaking its value in the market, after maintaining a very public stance about his support for the coin. Musk’s tweets skyrocketed Dogecoin to its market cap of $88 Million in May 2021 while also marking it as a popular name in pop culture. However, the wave fell flat shortly after.
While both Dogecoin and Floki Inu have done their bit in emerging to their current status, it needs to be reiterated that the memecoin market is volatile, witnessing quick hikes that are shortly followed by downfalls. It is only when a coin focuses on rewarding its community with multiple features while taking steps to expand its user base that ensures a steady uprise. In this matter, Big Eyes Coin proves to be a contender and is one Memecoin that must be taken seriously.
Find out more about Big Eyes Coin (BIG):
Presale : https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
OpenSea: https://opensea.io/collection/big-eyes-lootbox-cards
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Big Eyes Coin Shines Bright as Uniswap and Leo Token Falter
Uniswap (UNI) and Leo Token (UNUS SED LEO) have emerged as the face of the troubles in the crypto market. UNI and Leo Token are networks that have underperformed in the current bear market and even before it. As the whole crypto market goes into the red, there is a trend beater in Big Eyes Coin.
Big Eyes Coin is a meme coin in presale. Big Eyes have hauled in an astonishing $35 million when the financial system is not in the best of health.
Uniswap’s Journey in Red Continues
Decentralised exchange Uniswap is built on the Ethereum blockchain and allows token trading without intermediaries. UNI is the utility token of the network, and the token’s price has been in red since February, with very brief spells of positive movement in March. The token is now trading at $5.31 at the time of this writing compared to a high of $7.3103 set in February.
Uniswap is one of the most popular decentralised exchanges in the world and has traded billions of dollars worth of tokens till now. One of the strong suites of Uniswap is that it is a non-custodial exchange, meaning users are in full control of their tokens throughout the exchange. The network hopes for a rebound on top of its strengths as the crypto market looks for a way out of the slump it finds itself in.
Leo Token Looks to Break Free of the Grip of the Bear Market
Leo Token is the utility coin of the Bitfinex exchange, and users of the token can earn discounts on their purchase of tokens from the exchange. The token has low transaction fees, and users can get it from major exchanges apart from Bitfinex. The token has not recovered from a fall in its price. During the past year’s highs, the token was trading at $5 levels and has since dropped to the $3 level and have remained there since last December. The token shows slight growth in the middle of a bear market, but investors are generally wary of the token’s underperformance.
Big Eyes Coin Takes Crypto Bears Head-on
Big Eyes Coin is currently in the middle of a highly successful presale. The token has brought in a massive haul of $35 million as of writing. The cat-themed token’s presale will last up to June 3rd, and the Big Eyes Coin team has announced the launch of the END300 promo code as the presale end date nears. The code will give users a 300% bonus on their purchase of BIG tokens.
Big Eyes has endeared itself to investors with its plans to build the BIG ecosystem. The team launched the first block of the ecosystem when it launched NFT cards in its Loot Box campaign. Community members can use the NFT cards to mint BIG NFTs, which can be traded on Opensea. Big Eyes plans to launch DeFi projects on its ecosystem after its launch.
Big Eyes is community-centred at its core. The network aspires to create wealth for its community from its ecosystem. The network also plans to hold real-world events for its community. The project also plans to donate heavily to organisations fighting climate change.
The Last Bite
As the crypto market is highly volatile, it is important to learn from tough tales like that of UNI and Leo Token. But it is not all gloom in the crypto world, as the Big Eyes presale illustrates. The project has given meme coins serious utility and positioned itself as a bonafide challenger to Dogecoin and Shiba Inu.
So waste no more time and get in on the Big Eyes presale. Don’t forget to use the END300 promo code at checkout.
For more on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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Bitcoin Live News: BTC Price Eyes $30k as Fed Steps Up to Save More Banking Crisis
Bitcoin price bounced back above $29k on Thursday after the United States Federal Reserve announced the third 25 basis point hike on Wednesday. The banking sector in the United States has been on the receiving end YTD with four banks – including Silvergate Capital, Silicon Valley Bank, Signature Bank, and First Republic Bank – going underwater. While the crisis might be far from over, the large banks including JPMorgan, and Bank of America among others have significantly benefited from large deposits.
Nevertheless, more investors have preferred self-custodial through Bitcoin among other digital assets. Thereby contributing to the recent spike in the value of the top digital assets.
“We expect to see significantly more volatility in the months ahead, especially if there are any further aftershocks in US regional banking or concerns around the state of commercial property loans,” said Tommy Honan, head of market analysis at crypto exchange Swyftx.
$25k or New ATH for Bitcoin this Year?
With macro analysts and economists convinced the global market is headed for a recession before the end of this year, the big question is how Bitcoin and the altcoin market will perform. Meanwhile, Bitcoin price has consolidated between $30k and $27k since mid-March. As more crypto traders jumped into the meme coins wagon, especially PEPE and WOJAK, Bitcoin bulls struggled to push beyond $30k.
The tug-of-war between the bulls and bears has, however, increased the uncertainty of Bitcoin’s next trend. Moreover, there is a solid likelihood of Bitcoin retesting $25k before continuing with the previous bullish outlook. On the other hand, there is a significant chance a breakout toward $33k could happen in the coming days or weeks.
Why Should Investors Pay Attention To Mooky, Big Eyes, Solana, And Bitcoin?
When deciding to invest in a cryptocurrency, investors may turn to well-known tokens like Bitcoin (BTC) and Solana (SOL), as well as emerging initiatives like Mooky coin (MOOKY) and Big Eyes Coin (BIG), to discover what is preferred. We must all re-evaluate crypto legislation in light of Sam Bankman-Fried. The positive news for many who lost millions of dollars, it was nothing less than a teaching moment. And investors won’t pass over FTX’s increasingly obvious warning signs once again.
Over 1500 projects worth over $50 billion have been obtained by Solidity Finance. Solidity Funding is a trustworthy and well-respected business in the Bitcoin ecosystem.
KYC Capital and Solidity Finance are both partners, and BIG has already been KYC confirmed on CoinSniper. This indicates that Big Eyes has successfully acquired a tier 1 centralized exchange after having to prove its identity (CEX).The Public Company Accounting Board (PCAOB) only audited FTX’s auditors once every three years since they were so tiny. Additionally, FTX used two distinct auditors for its offshore operations and U.S. activities. In the end, either auditor had a full understanding of what was happening with FTX.
This was undoubtedly a warning sign for FTX that investors should have seen, but the absence of regulations allowed the business to take those risks without suffering any consequences.
Who Benefits? What services may indeed Big Eyes Coin provide?
On its own, investing in cryptocurrencies may be profitable and advantageous, but BIG adds a further benefit: charitable giving.The big-eyed cat that serves as BIG’s symbol aims to protect fish in the ocean. The cryptocurrency market has already come under fire for its role in causing pollutants; the blockchain technology that powers it consumes a lot of electricity. Big Eyes is therefore listening and gazing forward.
In its presale, Big Eyes raised $17.5 million, and it has the potential to grow rapidly by 2023. When BIG launches, 90% of the assets will be distributed to the community, with the remaining 10% going to marketing and the charity wallet. Future donations will benefit from the 5 percent set aside for charity.
Another currency that has obviously paid attention to the opponents of cryptocurrencies is Solana. By establishing a compromise that incorporates Proof-of-Stake (PoS) and Proof-of-History, SOL recently decreased its carbon footprint (PoH).
Similar to this, Big Eyes is based upon the Ethereum (ETH) platform, thus it now uses a PoS consensus and hence has a carbon footprint over 99 percent lower.
The finest thing FTX did for the environment in terms of environmental contributions was declared bankruptcy.
Pre-sale for MOOKY is presently Undergoing
The monkey utilized blockchain technology to preserve the tree. Welcome to the MOOKY universe! Join the thousands of Web3 fans across the world who are supporting MOOKY in his mission to protect the environment and help plant trees.
Pre-sale for MOOKY is presently undergoing. Be a market pioneer for the prettiest community-owned defi meme coin that is about to take off! Join the short-lived presale to find out why Mooky is making headlines across the world! Read on to learn more about the presale levels!
MOOKY is the cutest and greatest meme token of 2023, according to Mooky’s mission! We will assist in planting trees all over the world in an effort to improve the environment and spur change. $MOOKY Tokenomics states that because Mooky has a 0% tax rate, there are no slippage requirements for purchasing or selling. The greatest alternative for the community is low-tax tokens. For two years, liquidity will be trapped. No VC or private sale, and no team tokens.
1,000 Different 3D NFTs: 3D Mooky NFTs that are really original and useful! Each NFT also has a trackable connection to a tree that was planted in the real world. You can join the Mooky Ventures club if you own a legendary or exceptionally rare card! Today, give it a try! Create one of our unique NFTs.
Club Mooky Ventures: A special benefit for owners of legendary and ultra-rare NFTs is the Ventures club. Get bimonthly airdrops from our partnering platforms, products, and passive income.
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Bitcoin Eyes for $40K Next! Analyst Maps Potential Resistance Levels for BTC Price
Over the past fortnight, Bitcoin, the cryptocurrency with the highest market capitalization, has perplexed analysts and experts. The unexpected surge in BTC prices despite the gradual decline of three prominent banks that focus on cryptocurrencies has surprised many. As reported by several data sources, BTC price has been on an upward trajectory and is on the verge of reaching $30,000 this month. The only question that remains is how BTC will perform next and whether it will reach $40K.
Bitcoin Gains Massive Community Support
In recent times, Bitcoin’s price trend has been nothing short of overwhelming. Despite the occasional fluctuations, the cryptocurrency has seen an upward trajectory, much to the delight of investors. As a result, several analysts have come forward in support of a bullish market for BTC.
Options traders who were betting on Bitcoin to remain below $26,000 were surprised by the cryptocurrency’s 17.5% rally from March 16 to 22. This sudden surge in price was largely driven by investors seeking protection against persistent inflation and the ongoing banking crisis.
Famous crypto YouTuber Ben Armstrong, who also goes by the name BitBoy, recently shared his thoughts on a Bitcoin price bet made by Balaji Srinivasan, a former Coinbase CTO and crypto angel investor, in a tweet. According to Srinivasan, BTC is expected to reach an impressive $1 million in just 90 days, and he has even placed a bet of another million USD on it.
Armstrong doesn’t believe Bitcoin will reach the $1 million level within 90 days or even in the near future. According to the crypto blogger, such a dramatic surge in price may not occur until 2032, which is nine years away from now.
Will BTC Price Reach $40K Next?
Following a surge of more than $8,000 within a week amid the global banking crisis, Bitcoin’s price stabilized around $28,000 earlier this week and remained steady for several days. However, the asset experienced increased volatility during mid-week trading hours and days due to the US Federal Reserve’s scheduled announcement of changes to its interest rate policy.
Upon examining the daily chart, it appears that BTC/USD may fall below the 9-day moving average and move toward the 21-day moving average. If the bulls cannot push the price above the upper boundary of the channel, it is possible that Bitcoin could experience a decline.As of writing, Bitcoin trades at $27.9K, with an uptrend of nearly 1.27% in the last 24 hours. Analyzing the weekly price chart, BTC price has formed an H&S pattern, and it may soon climb to new highs after breaking its 23.6% Fib channel. If BTC breaks its $30K level, it can set a new target of $45K by April’s end.
Algorand (ALGO) And Chainlink (LINK) Investors Keep Eyes On This Presale Gem
Algorand (ALGO) and Chainlink (LINK) investors are buzzing about a new platform that could revolutionize the way we think about crowdlending. Introducing Collateral Network (COLT) – the innovative platform that allows people to free up funds from their physical assets used as collateral. With its decentralized features, users can borrow against their holdings, and now is your chance to get in on the ground floor.
Collateral Network (COLT)’s native utility token is currently in its initial presale phase, and with experts predicting a whopping 3500% price increase, it’s no wonder everyone is keeping their eyes on this presale gem! Don’t miss out on this opportunity – get your hands on Collateral Network (COLT) today for just $0.01!
Algorand (ALGO)
Algorand CEO recently confirmed that Coinbase discontinued ALGO staking rewards for its customers. Various reasons have been given as to why the suspension has taken place however many believe this will not affect their price long term.
Algorand has recently undertaken a development push with many wondering if this will trigger bullish excitement in the token.
Algorand (ALGO) is a self-contained, decentralized blockchain that offers a diverse set of safe, efficient, and scalable applications. Algorand (ALGO) employs a Proof-of-Stake (PPoS) consensus algorithm. Algorand (ALGO) is a decentralized and conventional finance platform. dApps on Algorand (ALGO) provide real-world services like supply chain management, digital identity, trading, and so on.
Algorand (ALGO) has had a tough start to 2023, as the Algorand (ALGO) coin has dropped nearly 70% over the one-year period and is down 8% in the past week as investors are zeroing in on Collateral Network (COLT).
Chainlink (LINK)
Chainlink (LINK) is a blockchain network that aims to connect off-chain assets and information to blockchains by prioritizing interoperability. The Chainlink (LINK) token may be used for cross-network trading and staking. Chainlink (LINK) connects third-party data sources to multiple blockchains via a decentralized oracle network.
Chainlink (LINK) looks like it might be on the verge of a rally, with more people buying Chainlink (LINK) and its value going up by 7% in the last week. Bullish market sentiment, a recent uptrend, and rising open interest show that investors are opening more trade positions, which could mean future gains.
Nevertheless, due to faults such as security vulnerabilities and uncertainty about the project’s future, Chainlink (LINK) has dropped over 47% in the last year, forcing investors to look for more promising ventures such as the Collateral Network (COLT).
Collateral Network (COLT)
Collateral Network (COLT) is a crowdlending network that employs non-fungible tokens (NFTs) to represent physical assets that have been minted as collateral by borrowers in need of loans. Ultimately, borrowers may obtain the funds they want without relying on banks for a loan or going through lengthy paper trails.
Collateral Network (COLT)’s lending platform accurately values assets and generates optimal lending rates. Users may borrow against their assets on Collateral Network (COLT) by minting them as fractional NFTs, which are then sold to lenders as a way to fund the loan.
With the introduction of the Collateral Network (COLT), anybody, regardless of capital, may become a lender. Borrowers benefit from rapid access to money, often within 24 hours. Meanwhile, lenders can earn a fixed interest rate on their capital.
Collateral Network (COLT) has its own native utility coin, which is now in its initial round of presale and selling for $0.01. With Collateral Network (COLT) spearheading the crowdlending scene, now is the time to participate, as analysts forecast a 3500% price increase for Collateral Network (COLT) during the presale. These Collateral network (COLT) tokens also have a number of benefits for holders, like staking and governance rights.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Meme Coins Big Eyes and Shiba Inu Rebound, But Avorak AI Could 100x Your Portfolio In 2023
Meme coins have been all the rage in the crypto world in recent months. With the likes of Dogecoin and Big Eyes making headlines, many investors are now paying attention to these “joke” coins in hopes of striking it rich. But are meme coins really worth the investment?
On the one hand, meme coins have a certain appeal to them. They often have catchy names, amusing logos, and a strong community of passionate supporters about the coin’s success. This can create a sense of hype around the project, which can drive the price.
Big Eyes and Shiba Inu News
Two of the most popular meme coins right now are Big Eyes and Shiba Inu. Big Eyes, a pastel-coloured cat, is popular for its cuteness. The coin ever since has extended its ongoing presale.
On the other hand, Shiba Inu has been around for a bit longer. The coin was created as a joke based on the famous dog breed from japan and has since gained a significant following.
In fact, it is the 2nd largest meme coin after Dogecoin and one of the biggest cryptocurrencies on the market. However, Shiba Inu is going beyond its meme coin status and developing its own ecosystem called Shibarium, featuring its own swap and utility token BONE.
Avorak AI – Presale with 100X Potential
While meme coins may be getting all the attention right now, other crypto space projects are worth considering. One of these is Avorak AI, a decentralized artificial intelligence platform that rides the new wave of trending AI cryptocurrencies.
Avorak AI is currently in its ICO phase, with a very low total supply of 40 million AVRK tokens. Furthermore, the team behind the project has a strong background in AI engineering, machine learning, and blockchain.
One of the most exciting things about Avorak AI is its growth potential. The team has set a goal of reaching a market cap of $1 billion within the next two years. If they are successful, this could mean a massive return for early investors.
According to the project’s founders, the ICO and development of the powerful AI-based chatbots, image creation tools, and trading bots is on time and will be available exclusively to early investors soon.
Final Thoughts
Meme coins like Big Eyes and Shiba Inu may be getting all the attention right now, but investors looking elsewhere, especially with ICOs that seem to go on forever. Besides that, meme coins can be highly volatile, and their value is often based on hype and speculation.
For investors who are looking for a more stable and reliable investment, projects like Avorak AI may be worth considering.
Learn more here:
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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Big Eyes Coin Shatters Presale Records with $30M Raised, Cardano, and Polygon to Battle for Position
Raising 30mn during a crypto winter seems impossible, yet Big Eyes Coin pulls off the impossible and rocks its presale. Is it a shocking preview of what is yet to come? Also, read why Cardana stays neutral as Polygon eyes its position with the recent price rush.
Meteoric Rise – It’s Time to Go BIG
It looks like whales got a whiff of what Big Eyes can do, as the cat-themed meme coin surpasses all pre-sale records by raising an enormous amount of money. Unlike other meme coins, Big Eyes aims to change how meme coins are perceived by dedicating 5% of its earnings to marine life preservation.
Furthermore, BIG intends to accelerate the DeFi movement and shift wealth from traditional fintech to decentralized finance. Although less than 1% of the population has access to the De-Fi ecosystem, BIG aims to democratize and popularize De-Fi through its Cat mascot. Who knows? Cute cats might rule the world after all.
Huge Rewards Await in the Cathouse
Being a cat person may finally get you rich. Big Eyes Coin rewards are pouring in, and the cute cat coin announces exciting rewards every week. After offering a mammoth bonus to its initial investors (200%, phew), BIG plans to unlock another pandora’s box with its Loot Box. Loot boxes are creating a frenzy in the meme coin market by offering mind-blowing rewards for early adopters. The limited drops are another reason why there has been a huge surge of people flocking toward BIG. Due to the recent rush, BIG’s coin value is likely to appreciate exponentially and may become a significant player in the crypto world. However, there is currently no official notification of the launch date for Big Eyes.
Polygon to Lock Horns with Cardano after a Stellar Rise
On Cardano:
Compared to earlier blockchain platforms like Ethereum, Cardano (ADA) aims to provide more advanced capabilities. Several issues faced by cryptocurrencies, such as scalability and sustainability, are addressed by Cardano (ADA). Unlike Bitcoin (BTC), which uses a proof-of-work consensus mechanism, Cardano (ADA) uses a proof-of-stake consensus mechanism.
Despite its improvements, Cardano (ADA) has struggled to gain mainstream adoption due to its lack of real-world utility, putting it in direct competition with other blockchain systems. When whales started to sell, Cardano (ADA) decreased by more than 10% during the past week.
On Polygon:
Polygon (MATIC) has been one of the top performers among the biggest cryptocurrencies over the past week. With Bitcoin’s surge beyond $25,000, MATIC experienced enormous profits, increasing by more than 21% in a week. As a result, the digital currency has surpassed Dogecoin (DOGE) in terms of market cap and is eyeing Cardano (ADA) as its next target.
Takeaway
Currently, Polygon has a market cap of $13.1 billion, while Cardano remains at $14.15 billion. It may be only a matter of time before Polygon overtakes this crypto giant. Meanwhile, Big Eyes is gaining popularity and funding with its cute cat-themed approach. Early adopters of this crypto might get to be part of the gold rush if they act quickly.
Read more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
What To Expect From Bitcoin and Altcoins This Week While All Eyes on CPI Data
On Sunday, Bitcoin soared but was unable to surpass the $17,000 mark; as a result, it is currently trading in a constrained range between $16,900 and $17,000. However, the small uptick resulted in Bitcoin reaching its highest price since December 20, 2022.
Analysts expressed their excitement on Twitter when Bitcoin temporarily surpassed the $17k milestone. Crypto Kaleo wrote, “Finally looks like BTC is ready to break out of the $16K – $17K base range it’s been stuck in the past several weeks.”
“The current #BTC price action will likely figure as an important cluster in the formation of the Bear Market bottom Accumulation Range.”
However, analyst Michael Van De Poppe emphasized on next week’s Consumer Price Index (CPI). He said,
“The unemployment showed a positive number today, as it came out lower than expected. however, went sub 50 for the first time since 2008 & COVID-19 outbreak. Unemployment will rally in the coming months. Yields will fall of a cliff if CPI is low. A relief rally is close.”
A ‘Euphoric Crowd Sentiment’
After significant sell-offs during the previous year, most cryptocurrencies are currently trading in the green as the first week of 2023 comes to an end. Notably, certain assets seek to expand on the momentum that has propelled a mini-rally as a base for long-term gains.
The market value of all coins in the cryptocurrency market has been “bouncing very much in independent directions,” according to a tweet from market intelligence platform Santiment. As per their analysis, traders are less interested in Bitcoin and Binance Coin due to the “euphoric crowd sentiment” for Ripple, Ethereum, and Cardano.
They wrote, “With #crypto market caps bouncing very much in independent directions, we’re seeing notably euphoric crowd sentiment on $XRP & $ETH. Traders are less interested in $BTC, $BNB, & $ADA. Historically, #bearish sentiment projects perform better on average.”.
Meme Coins Toon Finance Coin, Big Eyes Coin Outperforms Ripple
Ripple suffers as Toon Finance outperforms
Despite having a much lower market cap, the meme coin Toon Finance Token TFT has outperformed Ripple XRP in 2022. This is due to several factors such as the low circulating supply of TFT, its use of Binance Smart Chain (BSC), and the viral status that memes have acquired on social media worldwide.
With this platform, users are able to do multiple things that XRP simply cannot match. Trading, Bridging and P2E are just a few things that Toon Finance offers that made it outperform XRP that have been struggling since 2018.
Meme coin Toon Finance Token was created to blast centralized financial institutions but outperforms XRP nonetheless
The team behind this project is also highly experienced and knowledgeable in the world of cryptocurrency. Toon finance team members are high ranking members of finance and crypto and have been tired of seeing the same problems with centralization over and over again causing instability in the whole market all the time.
With their years of experience, they are able to bring more value to users than XRP can offer as XRP is too focused on a single goal while also unable to fight against centralization and instead being dependent on it.
Since cryptocurrency is decentralized by nature, the TFT team is willing to create a blockchain that removes all constraints of centralization and gives users the power they deserve. The token’s low supply and high demand has contributed to its popularity, with a market cap of only 1 billion compared to Ripple’s 39 billion.
This shows that even a meme coin can outperform XRP significantly. Toon Finance’s native token TFT has long since practically doubled its price in just a couple of weeks after announcement and even with the recent FTX collapse, it was able to achieve nearly 100% price appreciation which makes XRP’s 2022 performance pale in comparison.
Lawsuit against Ripple Labs
Ripple Labs XRP is currently being sued by the SEC due to it being classified as a security. Thus, investors are hesitant to invest in XRP, especially after this lawsuit news. However, no such fears are applicable to Toon Finance’s token TFT as it is structured and regulated in a way that it cannot be misconstrued as a security unlike XRP which has caused great problems with initial investors who have been waiting for price appreciation since 2014.
All in all, meme coin Toon Finance Token TFT has outperformed Ripple XRP significantly throughout the year 2022 and is likely to continue to remain ahead given its user-friendly platform, experienced team, and low circulating supply. Furthermore, it does not have any legal issues associated with it which will be impossible since it is extremely decentralized which means no one even knows which laws apply to it since no one has jurisdiction.
Toon Finance TFT is immune from lawsuits and regulation
Unlike Ripple Labs who have to bow down to regulation, Toon Finance is immune from lawsuits and regulation. This means that its users don’t have to worry about any legal issues when using it, which makes it even more attractive for investors and traders.
This is one of the main reasons why Toon Finance has been able to out do XRP in 2022 as investors are confident in their platform and know that this is just the start. Just like Ethereum, Toon Finance will also be able to do much more as its development continues in the coming years.
It is expected that by 2022, Toon Finance will have further established itself as a leader in the cryptocurrency world and its native TFT token will continue to rise even further. With no legal issues to worry about, it looks like meme coin Toon Finance Token will be the 1st meme coin that will be taken seriously.
Investing in Toon Finance now is like investing in Pancake Swap before its release
Pancake Swap is a decentralized exchange (DEX) and an automated market maker protocol based on the Binance Smart Chain. It has gained immense popularity over the past few months due to its low fees, high liquidity, and ease of use.
However, before its launch, most people did not even know what it was or how it worked. Similarly, Toon Finance is in a similar position but unlike Pancake Swap, it has learned from others in the industry since it is newer.
There are even talks that Toon Finance was made by the team behind Pancake Swap, so investing in it now is like investing in Pancake Swap before its launch.
The team at Toon Finance has created a unique platform that not only offers a low circulating supply and high demand but also ensures complete decentralization and user control. This makes the TFT token immune to lawsuits and regulations, unlike Ripple XRP whose future is up in the air and has disappointed its investors over the course of 2022.
Compared to XRP, Toon Finance is the better way to make money this 2022 and beyond
XRP had poor performance this 2022 and with the SEC lawsuit against Ripple Labs, it is not expected to recover anytime soon. The uncertainty surrounding XRP’s legal status has made investors hesitant about investing in it.
In contrast, Toon Finance has had a much more successful run this 2022. Thanks to a responsive team, inviting community and decentralized platform, its native TFT token’s price continues to rise. Given its low circulating supply and decentralization, it is also safe from lawsuits and regulation. Consequently, it is one of the best options for investors looking to make money in 2022 and beyond.
But the most important reason why investors love Toon Finance is because multiple analysis has shown that it will continue to outperform multiple tokens like Ethereum, and Bitcoin, so even XRP and tokens like ADA and SOL can’t compare.
The reason is because unlike these tokens, Toon Finance has yet to reach an all time high which makes earning huge sums of money quite possible.
Toon Finance is a platform, Ripple XRP is a service
Toon Finance offers Toon Swap, a decentralized exchange, while Ripple XRP is a service. While Ripple XRP relies on the US government’s regulations to stay afloat and is subject to litigation, Toon Finance operates without any external control or influence.
Moreover, Toon Finance has its own token, TFT, which can be used to facilitate transactions on the network and trade with other coins. While XRP can also be used for trade, it is undeniable that it has likely reached its peak and there’s barely any reason to hold it compared to other tokens.
Exchanging XRP for Tether USDT or BUSD stable coins might be the better option since those are not volatile and can be used to purchase better performing tokens or support better performing projects.
Is it worth holding on to XRP when a meme coin is outperforming it without the help of Elon Musk?
At this point there isn’t much reason to hold on to XRP when it comes to investing in cryptocurrency. The meme coin Toon Finance is outperforming XRP without any help from Elon Musk or other high-profile investors, and its low circulating supply makes its price less volatile than other coins.
The combination of decentralization, user control and the team’s smart moves makes it a great choice for investors looking to start with cryptocurrency.
That being said, there is still hope for XRP in case it wins the lawsuit against it, that would mean that old investors can start selling at a higher price for a while before demand hits rock bottom for XRP.
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