Notwithstanding the Securities and Exchange Commission's (SEC) strict regulations, the crypto market grew by more than $80 billion as we entered the third quarter of February. Following a difficult first and second quarter, crypto markets are finally showing signs of a bullish run and increasing pace, ignoring any barriers or negative news.
Big Eyes Coin, the newest meme coin in the cryptoverse, is leading the way, having raised over $31.5 million in its presale. Only time will tell when and where this adorable cat-themed coin will come to an end. On the other hand, there are two crypto titans, Bitcoin and Ethereum. The market was controlled by Bitcoin, with consumers exchanging other cryptocurrencies into BTC following SEC laws. Players like Cardano are also throwing their hats in the proverbial ring.
As we entered the second half of February, Bitcoin (BTC), the king of cryptocurrencies, achieved a peak of $24,755, the highest since June of 2022. Once many users and investors switched their capital away from other cryptocurrencies, and towards the crypto beast, the value of BTC skyrocketed. BTC was priced at $24,551 at the time of writing, a gain of about 10% in the previous 24 hours, with a market capitalization of $473.59 billion.
Satoshi Nakamoto, an anonymous entity, introduced Bitcoin as an alternate method of payment in 2009 with the goal of creating an interconnected and autonomous digital currency network. To validate transactions, Bitcoin employs a Proof-of-Work (PoW) mechanism, and BTC, Bitcoin's digital currency, has a finite amount of just 21 million coins.
Ethereum (ETH), like Bitcoin, saw advances and hit $1,700, an increase of more than 8%. Only time will tell if Ether's value can reach $1,800. Ethereum's last value of $1,800 was in August 2022. At the time of writing, ETH was worth $1,683 and had a market value of $205.75 billion.
Ethereum was introduced in 2015 as a De-Fi coin and a platform for decentralized apps and smart contracts. In comparison to Bitcoin, it is the most desired platform in the world by developers and consumers due to its scalability, security, and usability. Ethereum initially employed the Proof-of-Work technique but switched to PoS (Proof-of-Stake) in 2022 because it is faster, uses less energy, and is more secure.
Cardano is a blockchain that employs proof-of-stake (ADA). As a result, the energy efficiency of the coin is improved. The classic proof-of-work consensus approach necessitates additional mining and transaction time. The blockchain was developed in 2017, and four years later, the "Alonzo" hard fork was introduced. As a result, its smart contract functionality exists. Smart contracts are difficult to hack due to their encrypted security. The proof-of-stake system allows for highly fast, efficient, and exact transactions!
Cardano's commitment to transaction security has aided its development into a powerful blockchain platform. The speed and efficiency of its transactions, as well as its smart contract, contribute to its environmental friendliness! Investing has a high potential for success.
Big Eyes Coin (BIG) is a community-owned, cat-themed meme coin that offers profitable utilities and use cases in addition to an attempt to enhance the Earth's ecology. Big Eyes Coin has surpassed $31 million in its presale and now intends to reach $50 million by the end of its presale. This new meme coin with a cat mascot is a promising crypto with enormous potential and the ability to become the world's largest meme coin.
Big Eyes have run a series of promotional campaigns in recent weeks, including a tattoo competition, discount codes, and now, an amazing set of loot box offers that are too good to miss.
While some online critics have called the currency and its authenticity into doubt, the community-led token has proven time and time again that it's here to stay and has a bright future ahead of it, quelling any concerns being spread by these crypto pundits.
With amazing innovations in tech, accessibility, a user-friendly design, NFTs, loot boxes, and more, Big Eyes Coin is striving to become a crypto mainstay.
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.