New Delhi [India], January 24 (ANI/ATK): As we settle into the year and January comes to an end, many major coins are experiencing a plateau despite the apparent conclusion of the bear market.
Big Eyes Coin (BIG), however, is bucking the trend and storming the market. The project is doing incredibly well, having raised an incredible USD 17 million, and has advanced to stage nine of the presale, whilst coins like Cronos (CRO) and Polygon (MATIC) seem to be slowing down.
Have Cronos and Polygon Taken a Hit?
Cronos was first introduced in 2018. The token is used to power the Crypto.com ecosystem, which includes a cryptocurrency exchange, a payment platform, and a debit card. The token is also used to pay for transaction fees on the Crypto.com exchange and can be staked to earn rewards. Despite doing well at the start of the year, alongside much of the industry, it has recently dipped, decreasing from USD 0.08087 to 0.07926 in the past week. Could this be a sign that Cronos cannot keep up with the upcoming market">bull market?
Polygon is a layer-2 scaling protocol for Ethereum, created to reduce market congestion and address scalability problems. Recently, Polygon started a hard fork designed to help with the network's heightened gas fees and chain reorganisation issues. Additionally, it is clear from the various web2 alliances that the project is working to integrate practically every industry into the blockchain ecosystem.
These developments had increased desirability for investors but is this now slowing? In the past week, the price of the coin has plateaued around USD 1.01, potentially a sign that something else is needed to boost sales and keep Polygon in line with the broader crypto space.
Big Eyes Steps Up
One of the more recent currencies on the market, Big Eyes Coin, is making waves on the Ethereum network as the project smashes through goals during its presale. The coin has now raised USD 17 million during the presale, bringing its end-of-January launch target more than USD 2 million closer. Despite the slowing down of the broader market, this cat community has made amazing inroads to success.
Big Eyes Coin aims to improve the use of DeFi by adding money into the ecosystem and enhancing accessibility. It will profit from the demand for its Sushi Crew NFTs, the ubiquity of meme coins on social media, and the functionality of DeFi. Sales are anticipated to rise as a result. Experts predict that the meme coin will keep setting records both during the presales and after it launches.
The project also offers buyers an incredible 200 per cent bonus with the code LAUNCHBIGEYES200 which is sure to attract investors and push the price of the token up further. With an impressive charity wallet that reserves 5 per cent of the total coin for ocean-saving charities, this meme coin is undoubtedly one of the best on the market.
It is undeniable that Big Eyes Coin is growing rapidly amidst a market that appears to be slowing down. Whilst coins like Cronos and Polygon have historically done very well and are both still largely popular, could the hype of the new Big Eyes Coin be the distinguishing factor that is pushing it to the top? The project's returns calculator certainly suggests continued success for the cat-loving community as it forecasts a 53.8 per cent increase in price before launch.
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