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As the economic landscape remains uncertain, cryptocurrency enthusiasts are anticipating a bull market in 2023. This belief is based on the notion that history repeats itself, with every bearish year followed by a bullish one. Despite the challenges posed by collapsing banks, high inflation, and the FED's interest rates spike, analysts remain optimistic about the future of cryptocurrency. Ethereum (ETH), Bitcoin (BTC), and Big Eyes Coin (BIG) are some of the most promising cryptocurrencies to watch.
Ethereum's Shanghai Upgrade, also known as Shapella, is a hard fork set to launch on April 12th. This upgrade is expected to be a game changer for Ethereum, as it will allow holders to unstake their assets for the first time ever. This means that holders will have full access to their holdings, which is a significant development for the blockchain. With over 500,000 validators on the Ethereum network, the development team will prioritize sharding, EVM, and EOF. The most important proposal, however, is the unstaking feature, which will be implemented on time. EIP-4844, which introduces proto-danksharding and sets up the sharding upgrade for Ethereum, is not expected to be included in the Shanghai upgrade and is due for release in 2024. This database partitioning technique will increase scalability and allow for more transactions per second.
Bitcoin has also seen a surge in value, with a 17% increase in the past two weeks. It briefly crossed the $29,000 mark before dipping back to $28,500. Data tracking whale wallets showed a decrease in their holdings, as more than 320,000 Bitcoin were spent in the past week. Short-term holders are profiting the most, and analysts believe this is a sign of a bull market. At the time of writing, Bitcoin is trading at $28,621 with a daily gain of 3.7%. The Bitcoin fear and greed index has also retracted to the greed territory, indicating a positive outlook for the cryptocurrency. The next major resistance is $30,000, and Bitcoin could reach this milestone soon, despite the possibility of a market correction.
Big Eyes Coin (BIG), a cat-themed meme coin, has raised over $32.67 million during its presale and is in its final stage before the big launch. The coin's community is at the forefront of its development, with promotional codes, bonuses, and loot boxes designed to make the journey fun and profitable for both the community and the coin. Big Eyes Coin's NFT launch is set for March 31st and will feature custom and unique cards as rewards, along with BIG tokens.
Each loot box will provide BIG tokens, and users will have the option to mint their cards as NFTs if they haven't already. Each card can only be minted once per wallet address, so collectors should make sure they collect all their loot boxes. Big Eyes Coin's impressive growth trajectory over the past few months makes it one of the most promising meme coins around, with the potential to become one of the biggest in the market.
In conclusion, while the economic landscape remains uncertain, cryptocurrency enthusiasts remain optimistic about a potential bull market in 2023. Ethereum's Shanghai Upgrade, Bitcoin's price surge, and Big Eyes Coin's community-focused approach make them some of the most promising cryptocurrencies to watch. The upcoming developments in the cryptocurrency market offer exciting opportunities for investors and traders alike, as long as they remain informed and vigilant.
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.
