The cryptocurrency market has lacked substance over the past few months. Q1 of 2022 seemed promising despite the market being down from its highs of 2021. Trading volumes were still pretty good in Q1, and we saw the launch of a few cryptocurrencies that made the rounds. The market is struggling to keep up, but the opportunities are endless still. Big Eyes Coin (BIG) and Ripple (XRP) are two coins one should have eyes on following recent developments with both cryptocurrencies.
Big Eyes Coin (BIG) is smashing its presale event and has raised over $8.5 million at the time of writing. These numbers are impressive considering the market condition and it points to a much more promising future and profit potential for early buyers. Big Eyes Coin is currently on stage 6 of its presale, selling the token at record speed.
XRP has been the best-performing crypto asset in the past two weeks, despite other cryptocurrencies dropping prices. XRP is well above its highs and lows of September and looks to have a much more promising future following positive updates from the SEC case. It appears that the lawsuit is swaying in the direction of XRP following the order by New York judge Analisa Torres to SEC asking the commission to turn over internal documents, which will include emails and drafts.
These are about a speech given by former commissioner William Hinman in 2018. The speech is well-known for its comments on Ether’s legal status, in which the commissioner stated that ETH, like BTC, is not a security. Hinman’s internal communications are also seen to be important to the investigation, since some suspect he had conflicts of interest with Ethereum. This is due to his prior employment at a law firm with a seat at the Enterprise Ethereum Alliance.
Causing A Ripple In The Market
XRP is a cryptocurrency created by Ripple, an American firm that offers financial solutions services. XRP was created as a blockchain network to help financial institutions like banks move from central databases to a more open structure which is more cost-efficient. XRP has been a top cryptocurrency in the market, even with the ongoing SEC case.
Ripple got into trouble with the SEC following the token issuance, while the commission claimed that the cryptocurrency was issued like a security asset and was used to raise funds for the company.
Big Eyes Coin Is Rising
Big Eyes Coin is a community-governed meme coin launching on the Ethereum blockchain. Launching on the Ethereum blockchain provides it with the necessary ecosystem that pushes the growth of tokens via DeFi. It aligns with the meme coin’s aim because, despite the market condition, the Ethereum blockchain is one of the networks with the most liquidity to support emerging projects.
Big Eyes Coin aims to use its innovative DeFi offering as a strength, helping the landscape get back alive while creating wealth for its community. Its future NFT offerings will serve as access tickets to more content and community events.
Big Eyes Coin uses cat memes as opposed to the universal dog memes the whole market has come to adopt. BIG recognizes the need to do something new to assert its relevance in the market and not join the hundreds of other dog tokens that couldn’t make it out of the shadow of top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
Big Eyes Coin is also offering bonus tokens for those who purchase using the ‘BEYES696’ code at checkout!
For more information on Big Eyes Coin (BIG), please visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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