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Everyone loves a meme coin rivalry, and Uptober is a great time to check in and see which coins are likely to be crowned victorious. Unfortunately, the previous crypto market conditions have not facilitated any meme versus meme coin action. However, this all changed when the cryptocurrency market began to look bullish at the start of the week.
The macro effects include the falling value of the dollar and the pound and the election of "crypto champion" Rishi Sunak as the UK Prime Minister, pushing investors towards cryptocurrencies and stocks. Indeed, in the last week, macro effects have boosted the crypto market and injected hope into the hearts of crypto traders and investors worldwide.
The market's upward trend has increased the value of meme coins Shiba Inu (SHIB) and Dogecoin (DOGE). At the same time, investors have stampeded Big Eyes Coin (BIG) presale, which has reached $9 million at the time of writing. This editorial will seek to judge whether Shiba Inu and Dogecoin's price surge will be sustainable or if Big Eyes Coin's presale will outperform the ancient meme coins Dogecoin and Shiba Inu.
Over the past seven days, Dogecoin (DOGE) has risen by 14%. Its growth does not appear to be snowballing. At the time of writing, it is priced at $0.06762 with a market cap of $8,873,769,481, according to CoinMarketCap.
With these possible macroeconomic effects, namely the drop in fiat currencies, traders and investors are being cautioned to be wary. Dogecoin's recent spike might be a trap. This is because it is highly likely that many holders will seek to sell while prices are high, which could precipitate a full-blown market collapse. We will have to wait and see if this growth is sustainable for Dogecoin or whether it will quickly retreat behind its previous support level.
The whole crypto market has been experiencing a surge recently, including Shiba Inu. This meme coin has grown 4.3% over the past seven days and looks to continue rising.
In light of the current upward trend, many traders and investors are wondering if Shiba Inu will be able to eat a zero; remove a zero from its current price of $0.00001061. This will likely occur if Shiba Inu grows at a similar uninterrupted rate.
Shiba Inu holders are excited to see what comes next after Shiba Inu's recent spike, as, unlike Dogecoin, it's not just macro effects which seem to be at play here. This week, Shiba Inu recently burned 45.16 million SHIB, while 147.5 million tokens were removed entirely from circulation.
On top of this, a colossal whale has snapped up 3.36 trillion SHIB in one single transaction. Naturally, this kind of activity has sparked a bullish rally within the Shiba Inu community; however, it appears that this added drive has yet to outpace the growth of Dogecoin (up 10.5%).
Over the last week, Big Eyes Coin has seen some really impressive growth in the 6th stage of its presale. It has raised 9$ Million, and it looks like it will race onward to complete all its outlined stages before the year is out. This growth isn't atypical for Big Eyes Coin; it has been going from strength to strength throughout its early presale stages. However, the recent swing towards a bullish market has boosted its gains.
The Big Eyes community are celebrating the recent success and looking forward in high anticipation to the launch of the Big Eyes Coin. The community is excited because the launch will ensure massive gains on their early presale purchases. As well as mark the announcement of the ten winners of the Big Eyes 250K Gleam Giveaway is announced.
As the Big Eyes community eagerly awaits the launch, they wonder if Big Eyes will surpass ancient meme coins Shiba Inu and Dogecoin. The presale success of Big Eyes Coin is a clear indication of this meme coin's quality and power. Big Eyes will soon compete for the top places along with Dogecoin and Shiba Inu.
To get more for your money when you bug BIG tokens, use this promo code: BEYES828
The Big Eyes Presale: https://buy.bigeyes.space/
The Big Eyes Website: https://bigeyes.space/
The Big Eyes 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.
