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Dogs vs Cats: Will Big Eyes Coin Outcast The Dominance Of Dogecoin and Shiba Inu?

IndustryTrends

Since their inception, Meme coins have proved to be profitable for investors and crypto enthusiasts. In 2021 alone, Dogecoin (DOGE), which was launched to mock cryptocurrencies, recorded a market capitalisation of $84B. The millennials and Gen Z have accepted the viability of meme tokens. So much so that investment in real estate seems a thing of the past.

However, because Dogecoin was a pioneer, many coins tried to copy its success by launching dog-themed coins. Some were successful, but many were not. Meme token investors look for something new and edgy every time, and dog-themed coins gave them the same template, roadmap and quirkiness. Therefore, Dogecoin and Shiba Inu (SHIB) failed to recover after the crypto crash earlier this year.

So, which coin is the new market favourite? It is a cat-themed meme coin that has an irresistibly cute mascot — Big Eyes Coin (BIG).

What Is Big Eyes Coin?

As a full community-driven token, Big Eyes Coin (BIG) intends to put wealth into the emerging DeFi (decentralised finance) systems while also focusing on the NFT market. Currently in stage 6, after raising a whopping $8.8M in its presale, Big Eyes Coin is trying to solve the problems that most of the meme tokens in the market have.

Compared to Dogecoin and Shiba Inu, Big Eyes Coin's mascot is a big-eyed cat who is on a mission. Because the cat loves sushi, it wants to save the ocean so that all fishes stay alive and healthy. The token has pledged to donate a significant portion of its wallet profit to ocean preservation charities. The dog-themed coins like Dogecoin and Shiba Inu have no such donation programmes.

For Big Eyes Coin, NFTs weren't something that emerged out of the blue. NFTs were always a part of its roadmap and manifesto. Consequently, Big Eyes Coin plans to launch a fully-integrated NFT club that will allow users to buy and sell digital assets. With ten beautifully designed NFT projects, Big Eyes Coin looks to compete with Bored Ape Yacht Club (BAYC).

Will Dogecoin Recover?

It's unlikely that the pioneer of meme coins will be able to bring back its successful run. Dogecoin has been a celebrity favourite for a long time, but even Elon Musk has not tweeted or said anything about it after the crash. Although Musk has favoured Dogecoin over Bitcoin, with its constant fall, the SpaceX CEO wants to maintain the silence.

At the time of writing, Dogecoin is trading at $0.053 and is down by 0.32%.

What Is Shiba Inu's Future?

Launched as a rival against Dogecoin, Shiba Inu (SHIB) saw a surge in purchases in 2021. But same as its enemy, it has fallen prey to the crash. Since then, Shiba Inu has been stumbling.

Shiba Inu did try to be a different meme coin. It has released NFT projects and even held NFT events, but investors don't seem to be pleased with this dog-themed token.

Will The Cat Win?

It is quite possible that soon Big Eyes Coin will outcast Dogecoin and Shiba Inu from their dog thrones. With Dogecoin and Shiba Inu constantly falling and Big Eyes Coin constantly gaining new investors every day, the cat will inevitably win this race.

Use the code BEYES525 to get bonus coins on your purchase!

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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.

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