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The cryptocurrency market has experienced ups and downs and much more volatility than you can find in other markets. However, memecoins, even with their much more unpredictable nature, have created excitement in the market. Memecoins have evolved into wealth creators from being an insignificant part of the market in their early days. Memecoins are even attributed as the main catalysts for the market bull run. Let's take a look some of the top meme coins in the market including Dogecoin (DOGE), Shiba Inu (SHIB), Baby Doge (BABYDOGE) and newcomer Big Eyes Coin (BIG) and the opportunities they pose to users and the market at large.
Dogecoin is the largest and the first meme coin in the landscape. It set a precedent for several other memecoins to come when it created its meme around a Japanese dog breed, Shiba Inu. This meme coin launched in 2013 as comic relief to the situation at the time, when emerging projects were copying Bitcoin's source code to create supposedly original projects. Dogecoin mocked the situation by doing exactly the same, and some users bought into the joke. This community remained underground until years later, becoming huge after Elon Musk supported the meme coin. Today, DOGE has impressive prospects as the meme coin always reacts to news about Elon Musk. The Dogecoin community is also looking for ways to create cutting-edge utilities to help retain value in the ecosystem and build a community culture. With the meme coin far from it's all-time high, there's quite some price uptrend to fill.
Shiba Inu is an Ethereum-based meme coin project with the most impressive price in the crypto market. The memecoin was launched by an anonymous developer named Ryoshi, which is a reference to Satoshi, the creator of Bitcoin. 50% of the token supply was sent to Vitalik's wallet, and some other activities seemed too suspicious for users to trust the memecoin. The memecoin moved to become huge when Vitalik donated his token to an Indian COVID-19 relief fund. The token was worth about $1 billion at the time, and it set the meme coin on an impressive run. Shiba Inu(SHIB) is a DOGE-inspired memecoin, but it surpassed DOGE's market cap in November 2021.
Baby Doge is another DOGE-inspired meme coin created in 2021. The meme coin quickly shot up the market due to its marketing, and it helped early investors to make some profit. Baby Doge started with a 420 quadrillion token supply, and the team behind the meme coin has continued to burn tokens to reduce supply. Baby Doge created several other plans to give the project a purpose. Some of these include supporting charity partners and contributing to saving dogs worldwide. On top of that, holders in the community earn passive income via the network's fee redistribution. The meme coin is currently running alongside other meme coins, soaring over 150% in the past week.
Big Eyes Coin is a new meme coin project launching on the ethereum blockchain, and the prospects for this project are massive. Being on presale makes it massively undervalued for early investors to get in and take advantage of the profit margin. Big Eyes has been impressive on presale, raising $30.1 million in a few months despite the bearish market conditions. Big Eyes is a cat-themed project that has amassed traction for its interesting narrative and the strength it has shown. The presale is a low-risk entry that allows buyers to immediately sell for profit when the project launches or hold for a while longer to make even more profit. To give buyers the chance to make even more profit, Big Eyes has just released their own loot boxes. Buyers can purchase the mystery boxes to gain random rewards. There are no losers here too, as each reward will be at least the buyer's money back. The narrative for Big Eyes(BIG) is shaping up nicely, and you'd be missing a big opportunity if you don't join the presale.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
