Meme coins, such as Shiba Inu (SHIB) and Floki Inu (FLOKI), were initially created to address the challenges posed by the traditional financial system, as highlighted by the current banking crisis in the US and Europe. Centralization of power, lack of transparency, and weakened trust in the system are some of the major problems facing banks today. Cryptocurrencies aim to decentralise finance and provide a solution to these issues.
To become successful and attract investments, cryptocurrency projects like Shiba Inu and Floki Inu are investing in the development of comprehensive ecosystems that can compete with and eventually replace the traditional financial ecosystem. These ecosystems are essential for the success and investment potential of cryptocurrency projects.
Big Eyes Coin (BIG), a new player in the cryptocurrency market, is also creating an ecosystem that is eco-friendly and profitable. By introducing NFTs to their ecosystem and planning more additions in the future, they have managed to catch the attention of investors.
Shiba Inu is rapidly emerging as the new meme coin ruler, surpassing Dogecoin (DOGE), thanks to its extensive ecosystem built on the back of the Shibarium Layer 2 blockchain. Shibarium, which is an essential component for Shiba Inu's bid to reign supreme in the meme coin arena, is an ERC-20 coin that offers a faster transaction processing speed and low transaction fees.
With the launch of Shibaswap in July 2021 and the integration of tokens such as Leash and Bone, Shiba Inu's ecosystem is already up and running. The SHIB token serves as the utility token of the ecosystem built on top of the Ethereum blockchain.
The Shibarium network aims to address the high transaction fees on the Ethereum blockchain, which could be a potential barrier to the growth of meme coins. The network will deliver a more efficient transaction processing speed with reduced transaction fees using the innovative Proof-of-Authority consensus mechanism, which will ensure high security, cost-effectiveness, and speed efficiency.
Shiba Inu prices surged by nearly 6% after the introduction of Shibarium last week, but have since corrected. At the time of writing, the token was trading at $0.000011.
Floki Inu, named after Elon Musk's dog, has an extensive ecosystem that sets it apart from other meme coins. It is a leader in providing Play 2 Earn (P2E) solutions through its Valhalla gaming metaverse. The ecosystem also includes FlokiFi, a DeFi hub, Flokiplaces, the network's NFT marketplace, and the University of Floki, which offers cryptocurrency education.
The Valhalla platform has positioned Floki Inu as a potential leader in the P2E space. As the P2E industry continues to grow, it is likely to attract investors to Floki Inu, which is currently trading at $0.000034.
Big Eyes Coin has recently emerged as the newest meme coin in the crypto market, and it is already making headlines with its impressive presale performance, which has brought in almost $33 million so far.
Built from the ground up around its community, the Big Eyes Coin project is a reflection of its values. The presale has been kept interesting with the offer of Loot Boxes, which will reward members who purchase BIG tokens. Recently, the team has also launched Loot Cards, which will be offered to users buying Loot Boxes, allowing them to mint their NFTs with the cards.
Community members can trade the NFTs minted on Opensea, the world's largest NFT marketplace. Big Eyes Coin has ambitious plans to create the world's simplest DeFi ecosystem and aims to generate generational wealth for its community. The project is also committed to the environment, as it will allocate 5% of the total liquidity to a charity wallet and donate to charitable causes worldwide.
The success of crypto platforms will depend on their ability to build comprehensive ecosystems for DeFi. For instance, Shiba Inu's Shibarium and its ecosystem will give it the necessary tools to compete with its rivals. The full launch of the Shibarium is expected to bring significant fortunes for Shiba Inu. Similarly, Floki Inu is also competing for the top spot in the meme coin space with its ecosystem and various solutions. The token will look to take advantage of the demand for P2E solutions for growth. Both of these coins are top picks for meme coins to invest in for 2023.
Big Eyes Coin will undoubtedly attract investors due to its NFT collection and strong presale performance. The coin's plans for the ecosystem will create a comprehensive ecosystem for DeFi, leading to the transfer of wealth from the traditional financial system to its network.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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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.