Bitcoin, regardless of its situation, remains the leading cryptocurrency in the industry. Institutions and many crypto traders still consider Bitcoin a trustworthy store of value over many altcoins or DeFi tokens.
As the crypto market forerunner, Bitcoin received the biggest hit from the 2022 crypto winter since peaking at nearly $70,000 in November the previous year. Bitcoin dropped by more than 65% since hitting its all-time high, and this affected virtually the entire crypto market.
The fourth quarter of 2022, has shown significant signs of a potential crypto summer, and as usual, Bitcoin will lead the way. While we've not yet ascertained to what length the potential crypto summer will go, experts still posit that many altcoins could boom during this period, especially meme tokens like Shiba Inu and Big Eyes Coin.
Big Eyes Coin is a new community-driven meme cryptocurrency already gaining traction in the crypto space. We'll see more about it in this article.
As mentioned earlier, the fourth quarter of 2022 presented the crypto market with many possibilities. Many analysts have predicted that the next crypto summer could be around the corner and could hit sooner than many think.
Looking at Bitcoin's trend from the monthly chart, we could see that since BTC bottomed below $18,000, it is yet to hit that price point despite losing more than 4% under 24 hours in August after it peaked at $25k. Bitcoin will look to break the $25k and $30k price levels in the coming crypto winter and meme tokens could be the major benefactors of this trend.
Meme tokens are known for their inflation prices and token supplies. While there have been significant paradigm shifts and revolutions in the meme token space, many meme tokens still maintain the inflationary policy.
Shiba Inu is one of the few meme tokens leading the revolution of utility meme token systems in DeFi. Shiba Inu is leading by example by actively powering a DEX bridge among other things. Additionally, SHIB is regularly being burned by its community. In August 2022, Shiba Inu set a record for burning more than 12 billion SHIB tokens.
Shiba Inu's protocols have set it apart from other meme tokens, tilting it towards the deflationary token system. Nevertheless, as a meme token, SHIB will also benefit from a potential Bitcoin bullish. The reason is that meme tokens are easily swayed to extreme price levels during market seasons.
Big Eyes Coin is another meme token that could soar high by 73% upon launching its ICO. The ICO, which will happen in a DEX (as IDO), will present Big Eye Coin (BIG) to the public for the first time.
However, at the time of writing, Big Eyes Coin is on presale. At this stage, more than 5800 units are being sold for as little as 1 USDT—a decrease from around 7,300 tokens sold during the previous presale stages.
You simply get your tokens by visiting Big Eyes' main website and signing up for the presale. It should take no more than 5 mins to complete the entire process and get your tokens into your wallet.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.