Crypto is a volatile industry. However, Since late 2022, almost every top coin plummeted in price due to the effects of the FTX crisis. Bitcoin (BTC) led January's 2023 bull market, but whether this was a genuine turning point or just temporary was uncertain. That being said, analysts have strong reasons to believe in a continuing bull market for Bitcoin! In this article, we will discuss the upcoming Bitcoin boom in addition to other tokens that are contributing to the industry's recovery.
Big Eyes Coin (BIG) is a new DeFi meme coin and the biggest presale token of 2023. The crypto industry hasn't seen a presale raise this much success in three years! Since January, BIG has raised $34.05M in investments, and aims to reach $50M by the end of its presale on the 3rd of June! This doesn't leave much time for latecomers to get in on BIG's dirt-cheap prices, but it's not too late for those who act now. If this is the first time you're heard about Big Eyes Coin, you may be wondering why it's gained so much popularity in such a short amount of time.
In the very beginning, BIG attracted attention for the same reasons as other popular meme coins such as Dogecoin, and Shiba Inu. Within the world of crypto, lies a subculture of fun and humorous tokens deriving from the merge of digital finance and internet meme culture. Also, the most popular meme coins were dog-themed, which left a huge gap in the market for the millions of cat people in the industry. That being said, there's more to BIG than just a sweet kitty mascot and meme coin fun. Firstly, they plan to provide utility upon their launch, such as Uniswap, its crypto exchange launch, and the Sushi Crew, their NFT collection! The BIG team is known for their charity work, having allocated 5% of all funds to several ocean-saving charities! In addition, with the levels of carbon emissions increasing, and crypto mining only adding to the damage, BIG has come up with a solution to put a stop to this harmful process. They're using a Proof-of-Stake (PoS) consensus to validate transactions, which reduces the amount of energy needed for the blockchain! If you are interested in getting BIG at the cheapest it's ever going to be, use the code END300 for a 300% bonus!
Although Bitcoin (BTC) is the OG and most impactful digital finance coin in the world, the person or group that goes by the name Satoshi Nakamoto, is still anonymous to the public. BTC was the first digital finance coin to operate on a DeFi network, and therefore the beginning of DeFi and revolutionizing the way we think about finance.
So, why is Bitcoin predicted to experience a serious bull market over the next year? Many factors contribute to a coin's price change. In this case, it's the burning process. Burning coins is the process of permanently removing tokens from a cryptocurrencies circulation, which makes the resulting tokens more valuable as a result. A halving is when half of a crypto's tokens are burned. Bitcoin's next upcoming halving is scheduled to take place in April or May of 2024, inspiring many investors to get in on the coin now before it skyrockets. Analysts believe that Bitcoin will likely reach $40K over the next year!
In 2021, Shiba Inu released their exchange platform called ShibaSwap. While it's a marketplace where people can buy and sell tokens, the platform is mainly focused on tokens from the Shiba Inu ecosystem including SHIB, LEASH, and BONE.
Since it was launched, ShibaSwap has gained a lot of followers in the DeFi space due to cool features, like letting people provide liquidity and stake tokens. This is why SHIB fans are now super excited about the team's recent announcement regarding the platform's upgrade with new features and improvements.
Like most industries, crypto is ridden with brand competition. However, it's also one of the few industries that can benefit greatly from their competition doing well. All the top coins that hit the moon in January's bull market owe it to Bitcoin, and with BTC's upcoming halving process, it's likely that we will see a spike in the industry's overall success.
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.