As Elon Musk’s Favorite Cryptocurrency Dogecoin Tanks 39%, Will Crypto Enthusiasts Look To Big Eyes Coin For Safety?
Elon Musk has been at the forefront of cryptocurrency news since pledging his support for the pioneer meme coin, Dogecoin (DOGE). Representing a unique buying opportunity for crypto traders, Dogecoin became the first cryptocurrency to use light-hearted memes to gain popularity.
However, meme tokens have historically been unstable due to their lack of utility in the crypto market. That is why Big Eyes Coin (BIG) has incorporated utility into its token, aiming to move wealth into the DeFi ecosystem while emphasizing the importance of sustainability in the crypto market.
This editorial piece will examine Dogecoin’s decline and whether Big Eyes Coin will become the next haven for crypto enthusiasts and potentially Elon Musk. Let’s start with Big Eyes Coin!
What will Big Eyes Coin offer its community?
As mentioned above, Big Eyes Coin will prioritize sustainability and moving wealth into the DeFi ecosystem. The token has already made several contributions to charities involving the well-being of children, animals and marine life. One of the donations included $1000 Big Eyes Coin donated to Big Cat Rescue Corp, a charity chosen by Big Eyes users!
While Big Eyes Coin will remain heavily involved in charity work, the platform will also introduce fascinating features to its ecosystem for users to benefit from. One is the NFT collection, which is launching in the third phase of the Big Eyes Coin roadmap. Big Eyes Coin aims to host a top ten project NFT collection, making this collection extremely sought after by many crypto enthusiasts.
Another exciting feature of the Big Eyes Coin platform is the marketing wallet. Big Eyes Coin understands the importance of staying relevant in the meme coin sector, which is why it has set up a marketing wallet containing 5% of BIG tokens.
The tokens from the marketing wallet will fund items users can purchase and a cartoon series showing the mascot’s adventures in the crypto world! With all these exciting features Big Eyes Coin brings to the crypto market, it’s hard to see why crypto enthusiasts wouldn’t look to this new platform throughout the market downturn.
If you want to see more of Big Eyes Coin, watch the video below!
Are the Doge Days Over for Dogecoin?
Although Dogecoin pioneered the meme coin market, it remains vulnerable to extreme volatility as it follows the trend of the rest of the crypto market. However, that may change soon as Elon Musk has officially announced his ownership of the social media platform Twitter.
Twitter introduced tip jars in 2021, allowing users to tip their favorite creators for their work. Previously, Elon Musk accepted Dogecoin as a valid currency for Tesla goods, the company of which he is the CEO, resulting in a 20% increase for Dogecoin. If Elon Musk were to accept Dogecoin as a valid currency for tips on Twitter, we could see the same pattern emerge.
Although Dogecoin is experiencing a 39.86% decline in value over the past seven days at the time of writing, the meme coin is likely to bounce back. Dogecoin has been accepted as a valid currency by a growing list of businesses and restaurants, increasing its utility and importance in the crypto-economy.
Final thoughts
Dogecoin has been a profitable cryptocurrency lately, helping many crypto enthusiasts build significant portfolios. The frequent celebrity endorsements from Elon Musk have also contributed to its success and popularity so far.
However, Big Eyes Coin may steal the show with its highly anticipated launch. The new meme token has raised $9.76 million during the presale at the time of writing, showing the hype around the platform. If Big Eyes Coin maintains its current course of sustainability and charitable donations, it may gain attention from high-profile individuals seeking involvement in charitable organizations.
For more information on Big Eyes Coin (BIG), please visit the following links:
Advance sales: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram:
