Big Eyes Coin, Dogecoin, and ApeCoin: Here’s why crypto market news is pitting these 3 names against the biggies
The success story of cryptocurrencies is one that the world is unlikely to forget anytime soon. Once considered to be too risky for investment, financial experts today can’t stop raving about its potential to unlock new streams of revenue. But Rome wasn’t built in a day and this can also be said for the cryptocurrency ecosystem as we know it today. Powered by blockchain technology, these digital assets gained traction as more investors got to know about the advantages like the elimination of third-party institutions and data privacy that they offered. The popularity of cryptocurrencies has also paved the way for the success of other innovative blockchain-based assets, like meme coins, which are cryptocurrency-inspired memes.
Meme coins are a perfect case study for how tokenization of value can generate wealth. The value of meme coins depends on the popularity of memes and they have been supported by individuals and multimillionaires alike. However, if you are new to meme coins, you can start your investment journey by simply researching some of the leading names like Big Eyes Coin (BIG), Dogecoin (DOGE), and Apecoin (APE) and then make a decision.
Big Eyes Coin: The meme coin simplifying NFT trading
Big Eyes Coin is a full-stack meme coin that will be rolled out with the explicit purpose of enabling more investors to switch to decentralized finance (DeFi) ecosystem for wealth generation and explore the opportunities offered by blockchain technology. The meme coin has a native token BIG that can be used for a wide array of transactional purposes like staking, liquidity pool provisioning, earning rewards, and much more. The meme coin strives to build on the DeFi ecosystem and create a self-sustaining system where every element can thrive and generate wealth.
Interested buyers will be able to purchase the BIG Token on presale and its supply is capped at 200,000,000,000 units. Of the total supply, 90% of the token will be set aside for presale – 70% facilitated through public presale and 20% via exchanges. The remaining 10% tokens will be divided equally between marketing activities and donations to charitable organizations. The funds and tokens set aside for marketing activities are stored in the marketing wallet. Big Eyes Coin plans to use these funds to spread the word about the platform and ramp up its reach through several activities that include partnering with social media influencers.
If you are interested in buying the BIG Token you can easily do that using a debit or credit card. Alternatively, users can also purchase it with Ethereum’s ETH token or Tether’s USDT token.
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet). Next, they will have to click on ‘connect wallet’ and select the payment method and make the payment. Once the public presale ends, users will be able to claim the BIG Tokens on the claims page.
The name of the meme coin has been inspired by a cat called Big Eyes Coin who was born in Washington DC. He was often distressed as people thought he was meek and cute because of his big eyes. He was adopted by a couple who worked at Nasa and taught him the basics of space engineering. However, when he was just three they left him to fend for himself in pursuit of a YouTube experiment involving dark matter. Keen on finding the purpose of his life, Big Eyes Coin hitched a ride on a yacht and sailed around the world learning about living on the sea and yoga. An unfortunate turn of events triggered by a sea storm left him on the shores of Japan, where spent a year learning about sushi, meditation, and Zazen. It was during one of those meditation sessions that he realized that his cuteness was a strength and not a weakness. He could capitalize on his cuteness to earn millions of dollars and join the meme coin universe. The world was his oyster and there has been looking back for Big Eyes since then.
Another key USP of the platform is its dynamic tax structure that ensures that investors get the most out of their investments. For starters, no taxes are levied on the sale or purchase of BIG Token. The tax system ensures that any additional charges for services like liquidity pool provisioning, using the marketing wallet, and the auto-burn function are accommodated in the accruing taxes. However, the platform does tax NFT transactions at the rate of 10%. Of the tax proceeds, 1% is allocated for charitable donations, 5% for BIG Token holders, and another 4% is distributed among the original NFT sellers. Users can track the platform’s charitable donations via the charity wallet.
Another advantage of using the Big Eyes Coin platform is its policy of incentivized participation. The more the users engage with the platform, the higher will be their rewards. These rewards will be in terms of NFTs and BIG Tokens. As far as NFT trading goes, Big Eyes Coin has in place a robust mechanism that ensures that users don’t fail any hassles. Moreover, its efforts will be aimed at pushing its selected NFTs to the Top 10 list. Users can also look forward to enjoying official Big Eyes Coin merchandise and participating in fundraising pitches.
Dogecoin outperforms Bitcoin and Ethereum with a 13% jump in prices
Dogecoin is an open-source meme coin that is maintained by a network of nodes. The peer-to-peer lending platform has a native token DOGE that can be used for staking and a host of other transactional purposes. It is also favored by Shiba Inu users across the world. At the heart of the meme coin, is a decentralized system wherein information is stored on a public ledger. In 2014, Dogecoin’s code architecture was modified to allow its users to opt for merged mining wherein cryptocurrencies based on the same proof-of-work algorithm or scrypt can be mined together. The scrypt-based cryptocurrencies that can be mined with Dogecoin include Litecoin. With merged mining, miners from other blockchains contribute to the growth of the Dogecoin ecosystem and receive rewards from multiple blockchain systems.
Recently, during the week that ended on August 18, 2022, Dogecoin surged by over 13% during the seven days. The rally in its prices was in contrast with the decline in Bitcoin (4.7%) and Ethereum (2.3%) prices during the period, as per the data published by Coinmarketcap. Another meme coin that accompanied Dogecoin in its north-ward journey was Shiba Inu (SHIB) which rose by almost 19% in the seven days. Experts believe that the jump in Dogecoin’s prices is mainly due to the rise in demand created by Dogechain which is a Layer -II dApp built on the Polygon blockchain system. However, there is no connection between Dogechain and Dogecoin as was clarified by the Dogecoin Foundation in a tweet.
Rarible pitches zero-fee Bored NFT marketplace for ApeCoin community members
ApeCoin is a decentralized platform that strives to support the evolution of different fields like gaming, art, entertainment, storytelling, digital and physical events, and much more by leveraging the potential of Web 3.0. Its native token APC can be used for staking, token swapping, yield farming, and several other transactional purposes. Its governance structure is based on the decentralized autonomous organizations (DAO) pattern which encourages active participation by users. Token holders get voting rights that can be used for voting for proposals concerning operational issues. The Ape Foundation looks after the daily operations of the platform and other tasks like project management and bookkeeping.
In a recent development, Rarible has proposed a bored NFT marketplace for ApeCoin users. As part of its place, the NFT marketplace would be devoid of fees which gives it a competitive edge over other competitors. The development comes after firms like Magic Eden and Snag Solutions have pitched their proposals for building ApeCoin’s decentralized NFT marketplace. Rarible’s marketplace will be built on its open-source protocol and would aggregate listings from other leading NFT marketplaces like LooksRare and OpenSea. Meanwhile, Magic Eden’s marketplace includes a Bored Ape Yacht Club in the NFT marketplace.
