Despite the market crash, Dogecoin and Big Eyes Coin continue to dominate.
In recent cryptocurrency news, the market has once again fallen and is in trouble. At around $17,000 at the time of writing, Bitcoin is a good barometer of the market’s current conditions. While several cryptocurrencies are declining, it appears like Dogecoin (DOGE) and Big Eyes Coin (BIG) will control the cryptocurrency market.
Dogecoin is in vogue. The Sector of Meme Coins
Since its 2013 inception, Dogecoin has been the most widely used meme currency. Dogecoin has a lot of market power because it was the first meme coin to ever exist, and when it first gained popularity, it quickly rose to the top of the market.
As more users love being a part of a crypto platform where they feel like they are part of a community, the meme coin market has grown in recent years. Meme coins have gained a lot of popularity because they place a lot of emphasis on the people in their community who bond over online memes.
Hundreds more meme coins have entered the market and achieved similar levels of success as DOGE thanks to Dogecoin.
With token values declining, 2022 has proven to be a difficult year for the cryptocurrency market. However, Dogecoin has distinguished itself from other cryptocurrencies during this down market as it has been moving up the rankings. In terms of market capitalization, DOGE is currently placed ninth, up from its typical position of tenth at the time of writing. Even though this may not represent a significant advancement, it demonstrates how Dogecoin has continued to grow and remain steady despite the current crisis.
This is a strong indicator from DOGE that they might someday control the market if meme coins gain popularity.
Big Eyes Coin Is Taking After Dogecoin
Big Eyes, a brand-new meme coin, is presently available for pre-sale. Big Eyes, which is anticipated to launch soon, appears to be following Dogecoin’s lead and is probably going to experience a similar level of success.
Being a meme coin, Big Eyes places a strong emphasis on its community and works to develop a website that its users will find rewarding. Big Eyes is fulfilling all the criteria for a potent meme coin by creating a cozy and engaging environment where users can unwind and have fun.
Charity is one of Big Eyes’ main priorities. Big Eyes attempts to raise awareness of ocean pollution as a cat-themed coin. This not only raises a humorous joke about saving the fish for the cats to eat, but it also addresses a real-world problem. Users feel good about using this platform because they are also benefiting the environment thanks to a charity wallet in which 5% of BIG tokens are donated to various ocean-saving NGOs. Additionally, Big Eyes is presently preparing to unveil its debut NFT collection, which will have an oceanic theme. This will reward users while also assisting in the spread of awareness.
Having generated $9 million in its presale, Big Eyes is proving to be a resilient project and is anticipated to perform well. It is, nevertheless, always advisable to conduct more study before making a choice.