An existing idea usually inspires a new one. The new idea may react to the current, exposing its weaknesses and arousing better options. This logic serves as the basis for the development of several services in the crypto space.
This reasoning also motivated the emergence of top projects like Dogecoin (DOGE), Cardano (ADA), and Big Eyes (BIG). We will briefly consider all of the projects outlined above in this article.
Dogecoin (DOGE) was founded on December 6, 2013, by two famous software engineers: Jackson Palmer and Billy Markus. Dogecoin (DOGE) is the world's first dog-themed cryptocurrency. It derives its name from an internet meme that describes the Shiba Inu, a Japanese dog breed.
Dogecoin (DOGE) founders adopted a dog-themed currency to appeal to the population already in love with the meme. They also intend to avoid the controversies that have trailed previous cryptocurrencies. They planned to offer their users a more community-driven crypto project.
Additionally, Dogecoin (DOGE) founders wanted to satirize Bitcoin (BTC), a mainstream or significant digital currency of that period. The project was not only for pet lovers or sympathizers but also a cryptocurrency for all.
Within a short time, what started as a joke became a tipping currency for social media content. As a result of its operational values, it became an upgrade to Bitcoin (BTC), gaining more supporters.
Its large crypto community influenced the value of its native cryptocurrency. Dogecoin (DOGE) set the pace for crypto projects to rely solely on influence and hype within its crypto community. This has been the pattern of other meme crypto projects like Big Eyes (BIG) entering the crypto space.
Cardano was launched by Charles Hoskinson, a co-founder of Ethereum. He presumably saw the shortcomings in Ethereum and decided to address them. He chose a new network to address them and promote other projects.
One striking thing Cardano did was to introduce a decentralized proof-of-stake (PoS) consensus mechanism as a reaction to Ethereum's proof-of-work (PoW) mechanism. This innovation helped to drastically reduce the consumption of energy and waste drastically.
Like the pioneering satirical meme token, Dogecoin, Big Eyes (BIG) is modeled after a cat. The motive is to react against dog-themed receipts that dominated the crypto space before its emergence. The idea was to use a cat, a diversion from the old narrative, to create a cat community.
Big Eyes (BIG) will leverage the calmness and cuteness of a cat to promote a clean world. It is estimated that there are many endangered species in the ocean. These animals are adversely affected by environmental pollution. Big Eyes (BIG) has devoted part of its funds to this humanitarian effort.
Emerging projects tend to compete with or surpass their sister cryptocurrencies. Big Eyes is expected to provoke not only a reaction but also innovation. Its next-generation services make it unique in the crypto space.
Community-influenced crypto projects have been in the crypto space for a while. While influencers promote these meme tokens on social media for a reason, many of these projects are short-lived.
Thus, it is understandable when crypto enthusiasts become skeptical over a new meme project. However, Big Eyes (BIG) will be a unique meme project.
With its vast prospects, there is no need to question the Big Eyes (BIG). The founders intend to build a platform where BIG holders profit while collaborating to improve the environment.
All individuals who purchase the Big Eyes (BIG) crypto token will be eligible to receive reflective rewards. This reward system helps Big Eyes (BIG) token holders grow their portfolio passively.
Unlike most meme coins characterized by limited utilities, BIG will be programmed to enable NFT purchases, staking, trading, transactions, and many more.
Members of the cat community will also have the opportunity to create and profit from liquidity pools within the Big Eyes (BIG) token swap platform.
With the many utilities that the Big Eyes platform is designed to offer, it is easy to conclude the project is set for success. It may outwit Dogecoin (DOGE) and rival Cardano in the ever-emerging crypto community.
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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.