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For newbies and seasoned investors alike, the world of tokens, coins and blockchains is daunting. Put simply(ish!) Cryptocurrency is a digital asset that can circulate without centralised authority such as a bank or government. Since Bitcoin (BTC) first launched itself onto the market in 2009, thousands upon thousands of cryptocurrencies have emerged, contributing to the $1 trillion crypto market. We are currently witnessing a crypto resurgence, and for those looking to make big returns on their investments, now is the time to buy, before the market fully booms. This article will take a look at some of your options including the crypto trailblazers, Bitcoin and Ethereum (ETH) and the meme-based newcomer, Big Eyes Coin (BIG).
Highly regarded for being the first ever cryptocurrency, Bitcoin has managed to firmly maintain its dominance in the market. In the past month in particular, Bitcoin has shown promising activity as it has spiked above $300 k for the first time since the bull market of April 2021.
Bitcoin runs on a blockchain and is a decentralised digital currency maintained by its network of users that independently verify and document transactions. Miners compete to validate transactions by using computers to solve complex maths puzzles. Known as a proof-of-work consensus, this mining process uses tonnes of electricity and results in a substantial carbon footprint.
Ethereum continually ranks second behind Bitcoin in the crypto charts. Together with Bitcoin, they account for around 60% of the crypto economy. Ethereum is favoured amongst investors for its ease of use, fast transaction speeds and proof-of-stake consensus that reduces its energy consumption.
Although Ethereum had a rocky start to 2023 with its price at $1196.71, it is experiencing impressive growth and is currently priced at $1716.26. Since moving to the proof-of-stake consensus in September 2022, there is 37% less ETH on exchanges. This decline in supply is considered to be a bullish sign. With the predicted market boom, an upward trend could continue.
While Big Eyes Coin has not yet hit the market, it is already making major waves in the crypto sea. Having raised a record breaking $27.5 million in its presale of tokens, the cute cat themed coin is one to watch and invest your money in. As presale draws to a close, Big Eyes is offering early investors the opportunity to use a 200% bonus code that will help investors triple their initial investment.
While investors could make serious cash, they will also become a part of an adorable cat themed community. The community hopes to make the crypto-buying process as easy as possible, equipped with how-tos and shared resources.
As a platform, Big Eyes also has strong values. While they help you to make money, they also do good in the world by keeping 5% of their assets in a charity wallet to donate to charities that protect our oceans. Good for you and good for our planet!
As the bull cycle is set to reappear, investors are putting their faith into Bitcoin. Predictions for this new bull cycle suggest that there are substantial gains to be made. If you want to stay ahead of the trend, and invest your money in the next big thing, Big Eyes Coin could be the one for you. Be sure to do your own research on this newcomer as you may have just discovered a hidden gem.
Website: https://bigeyes.space
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
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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.
