The cryptocurrency market is experiencing a major explosion in popularity, with investors and crypto enthusiasts getting excited about meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
The upcoming Markets in Crypto-Assets (MiCA) laws in France could provide a "fast track" option for licensed crypto firms in the country to get regulated, which could set the pace for existing cryptos as well as new digital currencies like Big Eyes Coin (BIG).
The French Financial Markets Authority (AMF), in a statement released on April 21, hailed MiCA's approval and provided details on how French regulation will progress over the next 18 months.
For a coin that started as a joke, Dogecoin has become one of the most talked-about meme coins on the market. However, with the French government moving to regulate crypto firms, questions arise about the future of Dogecoin in France. The current price of Dogecoin sits at $0.07819, which is down by 15.88% in the last seven days, highlighting the volatility that comes with investing in cryptocurrency. Despite the recent dip in value, Dogecoin has proven to be a favourite among investors who see the potential for significant returns.
Shiba Inu, another meme-inspired cryptocurrency, has seen significant activity in the past 24 hours, with 19 million coins being burned by the community through multiple transactions. This has reduced the total supply of the token and may have implications for its price moving forward. With the French government moving to regulate cryptocurrency, there are questions about the impact this could have on Shiba Inu's value.
Big Eyes Coin caused a stir in the cryptocurrency community with its lucrative presale, which raised over $34 million. The coin's commitment to saving the oceans has been a big draw for investors who want to make a positive impact on the environment. Big Eyes Coin plans to donate 5% of its total supply to its charity wallet, which will support ocean-saving organizations.
Additionally, the team behind the project has introduced randomized NFT cards that can be minted through their Loot Box campaign, which offers investors another opportunity to generate wealth while supporting a good cause.
The presale for Big Eyes Coin ends on June 3, 2023, so meme coin enthusiasts and investors should consider joining the Cat Crew's presale using promo code END300 to get the best value on their investment.
France's fast-track crypto regulation could be a boon for meme coins like Dogecoin, Shiba Inu, and Big Eyes Coin. The regulation will provide a framework for investor protection and transparency, which is crucial for the growth of the crypto industry. While Dogecoin and Shiba Inu continue to dominate the meme coin season, Big Eyes Coin's unique features, such as its meme coin utility, make it a rising star in the market.
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.