As Shiba Inu and DogeCoin crash, Big Eyes Coin shows promise.
There is no mistaking that the current financial crisis has hit the crypto market. As opposed to what many investors initially believed, digital currencies were not immune to the present-day economic situation, and as a result, the market capitalisations of the leading cryptocurrencies have plummeted to unimaginable depths.
Promising coins such as Terra (LUNA) have more or less died (even if not directly tied to the economic situation), and investors have been left to decide whether to cash out or simply sit tight.
The meme market-leading tokens Dogecoin (DOGE) and Shiba Inu (INU) have not avoided the crisis either. During its peak in 2021, Dogecoin (DOGE) reached a total market capitalisation of over $88 billion. At the time of writing this, the market capitalisation is only over $7 billion. Safe to say, it has not been a great year for cryptocurrencies, but there may be some hope still.
Although Big Eyes Coin (BIG) is only in its third stage of presale, this adorable cat has managed to raise $3.5 million and is taking the internet by storm. Will it have the potential to shine some light during this dark crypto winter?
As Hype Fades Away, Dogecoin Is Left To Pick Up The Pieces
Economic problems are not the only thing Dogecoin (DOGE) has to worry about right now. After Elon Musk’s Twitter endorsements of this funny dog coin wore off, he now faces a lawsuit for contributing to a…