While many cryptocurrency enthusiasts often tout Bitcoin (BTC) and Ethereum (ETH) as the only worthy investment options, this is far from the truth. BTC still leads the pack with a current valuation of $28,064.60 in 2023, with Tether Gold (XAUT) following closely behind at $1,984.67. Ethereum (ETH) comes in at number four with a valuation of $1,816.69.
However, investing in meme coins is becoming increasingly popular as a means of generating substantial profits. These cryptocurrencies are essentially jokes wrapped in a lucrative package, capable of being converted into real-world fiat. Dogecoin (DOGE), one of the most well-known meme coins, started as a parody of BTC with no real value. However, it is a genuine cryptocurrency backed by blockchain technology. With support from high-profile individuals such as Mia Khalifa and Elon Musk, the coin has gained tremendous popularity and subsequently increased its valuation.
As of April 3, 2023, DOGE has seen a 35% increase in its valuation, rising from $0.077 to $0.098. This surge is attributed to the power of Elon Musk and Twitter, with the social media platform even replacing its iconic bird logo with the DOGE meme.
In comparison, ETH only experienced a 0.9% increase in the same time frame, demonstrating the potential of meme coins to generate significant returns.
Shiba Inu (SHIB) is another popular meme coin, but it has always been overshadowed by DOGE. However, both coins share the same Shiba Inu dog mascot. As of April 3rd, SHIB was valued at $0.00001068, and as of today, it is valued at $0.00001135.
One of the main concerns regarding SHIB has been the high number of tokens in circulation. To address this issue, the Shiba Inu development team implemented a token burn program in 2021, which has been well-received by the community.
In addition, the SHIB community has proposed a decentralised exchange (DEX) and automated market maker (AMM) called Shibarium, which is a layer 2 solution for meme cryptocurrencies. Once Shibarium goes live, experts predict that the SHIB price could increase to $0.00015.
The world of meme coins is expanding rapidly, and the latest addition is Big Eyes Coin (BIG). While Bitcoin (BTC) and Ethereum (ETH) may still dominate the crypto market, meme coins are making a name for themselves. BIG is unique in the sense that it is a cat meme token, a first in the crypto-verse, which has quickly garnered support from the crypto community.
Despite being yet to be released, BIG has already raised nearly $33 million in presale funding. The token is expected to go live once presale funding reaches $50 million, and the presale is still in full swing. Those interested in investing during the presale can apply the code BULLRUN250 during checkout to enter into a draw, with two winners each receiving $100k.
For more information on the giveaway, interested individuals can visit Twitter. BIG is just another example of the increasing popularity and potential profitability of meme coins in the crypto market.
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.