Big Eyes Coin Treats Early Investors With Free NFTs As Bitcoin And Ethereum Prices Rise Despite Crisis With Crypto-Friendly Banks

by James · March 17, 2023

In a big move to say thank you to those who saw the potential in the cat-themed coin and backed it from the start, Big Eyes Coin (BIG) has announced that it will host its very first NFT release, and investors who came in steps 1-3 will be whitelisted for free.

BIG’s announcement is supported by a generally optimistic forecast for the overall cryptocurrency market, which appears to have recovered since the beginning of the week as a result of the US government’s action to protect Silicon Valley Bank depositors.

Bitcoin (BTC) is up 10% to $24,837.30, while Ethereum (ETH) is up 7% to $1,690.09 at the time of writing.

The total cryptocurrency market gained more than $70 billion in 24 hours and jumped back above $1 trillion on Monday.

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Big Eyes Coin To Drop First NFT

BIG proves that loyalty pays off.

The sweet currency will release its first NFT, #SushiCrew, and in its usual fashion will reward early investors with coin rights. These are those who bought into the coin’s vision in steps 1-3. The meme coin informed investors through its Twitter page that the early investors will be whitelisted to mint the NFTs for free.

Crypto enthusiasts can buy, sell or trade NFTs, which are digital assets. They may grow in value in the future, thereby increasing the potential for wealth for token holders.

Big Eyes offers many incentives to the community, including vault pins that allow one to increase their bonuses (as if a bonus isn’t enough), loot boxes and more.

Bitcoin and Ethereum see green again

Bitcoin (BTC) has extended its winning streak to three days as the top cryptocurrency by market capitalization surged to a three-week high of $24,837.30. Prices have almost fully recovered from the decline from $25,000 to $19,500 observed in the second half of February.

From Friday’s lows, Bitcoin and Ether, the two most popular coins, have risen by a fifth as traders gained confidence from US regulators’ assurances that accounts at the bankrupt Silicon Valley and Signature banks will be safeguarded. Bitcoin gained 6% on Monday alone.

Investor confidence has increased as a result of the authorities’ actions to support SVB and secure depositors in these institutions.

Cryptocurrency is losing some of its major supporters

Crypto markets have been on a roller coaster since Silvergate Capital, a major lender to the cryptocurrency industry, collapsed last week.

In the middle of last week, Silvergate announced that it was closing the bank and reducing staff. Then, on Friday, Silicon Valley Bank fell, marking the biggest bank failure since the global financial crisis of 2008. In response to the US Federal Reserve’s rate hike, both Silvergate and SVB invested money in US Treasuries, which have since lost value.

To prevent the spread of the problem to the larger banking industry, US regulators also shut down Signature Bank on Sunday. Signature Bank was a significant lender in the cryptocurrency market.

Final thoughts

Although the crypto industry was hit by the news that some of its friendly banks collapsed, we are starting to see the market rebound, a testament to its resilience. On the other hand, Big Eyes Coin continues to expand its offering, both to the existing community and to potential investors. The coin just passed $31.57 million in the presale, and with only three stages left, BIG is on its way to a successful launch.