Despite the heavy regulations from the U.S. Securities and Exchange Commission (SEC), the crypto market showcased an overall rise of more than $80 billion as we entered the third quarter of February. After a tough first and second quarter, crypto markets are now showing signs of a bullish run and gaining momentum, shrugging off any obstacles or bad news.
To lead the way is Big Eyes Coin, the newest meme coin in the crypto verse, taking the markets by storm with an astounding $27.5 million in its presale. Only time will tell when and where this cute cat-themed coin comes to a halt. On the other hand, we have Bitcoin and Ethereum, the two giants of crypto. The trading was mostly dominated by Bitcoin, as the market saw users exchange other altcoins into BTC post regulations from the SEC.
Bitcoin (BTC), the king of cryptocurrencies, hit a high of $24,755, the highest since June of 2022, as we entered the second half of February. The value of BTC soared after numerous users and investors shifted their investments from other altcoins and into the crypto beast. At the time of writing this article, BTC was valued at $24,551, a gain of around 10% in the past 24 hours, with a market capitalization of $473.59 billion.
Bitcoin was introduced as an alternative form of payment in 2009 by an unknown entity by the name of Satoshi Nakamoto, aiming to create a digital currency network that was interconnected and independent. Bitcoin uses a Proof-of-Work (PoW) mechanism to verify transactions, and BTC, the digital currency of Bitcoin, has a limited supply of only 21 million coins.
Similar to Bitcoin, Ethereum (ETH) also recorded gains and reached $1,700, a rise of more than 8%. Only time will tell if the value of Ether can reach $1,800. The last time Ethereum was valued at $1,800 was in August 2022. At the time of writing this article, ETH is $1,683 with a market capitalization of $205.75 billion.
Ethereum was launched in 2015 as a De-Fi coin and a platform for decentralized apps and smart contracts. It is the most preferred platform in the world by developers and users because of its scalability, security, and utility in contrast to Bitcoin. Ethereum previously used the Proof-of-Work mechanism and made the switch to PoS (Proof-of-Stake) in 2022 because it's quicker, less energy-consuming, and more secure.
Big Eyes Coin (BIG) is a community-owned, cat-themed meme coin that provides profitable utilities and use cases along with an initiative to improve the environment of the Earth. Surpassing $27.5 million in its presale, Big Eyes Coin now aims to achieve the $ 50 million mark by the end of its presale. This new meme coin with a cat mascot is a promising crypto with huge potential and the caliber to become the biggest meme coin in the world.
As of now, Big Eyes Coin has an a-MEOW-sing giveaway ongoing, along with an exciting tattoo competition that could earn you up to $1,000 in BIG coins. To learn more about these two events, visit Big Eyes Coin on Twitter.
Be a part of this exciting yet beneficial crypto today and earn 200% on your BIG purchases. Use the code LAUNCHBIGEYES200 at checkout to triple your purchases and see your investments multiply when this coin goes live very soon.
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.