Ethereum ‘Blockchain Hypeship’ unstoppable with ripples and wide eyes 25% price increase
As crypto winter descends on the cryptosphere like a bad dream, Ethereum (ETH) is one of the few remaining cryptos just struggling along.
At one point, ETH had a whopping market cap of nearly $570 billion. Now, ETH is worth about $160 billion (a loss of about 72% in total market capitalization). Despite the bear market, demand for the Ethereum blockchain remains strong due to its cost-effective and energy-efficient proof-of-stake consensus mechanism.
As more and more innovative cryptos like XRP and BIG adopt Ethereum smart contracts, this “blockchain hypeship” may [be] well worth getting on board’ as Big Eye’s whitepaper lays out? And in turn, could the success of XRP and BIG finally help ETH break above the pesky $1,300 barrier?
Ethereum price remains at a strong $1,300 mark after consolidation
Created in 2015 by programmer Vitalik Buterin, Ethereum is a decentralized blockchain with smart contract functionality. One of the most profitable cryptocurrencies, falling second only to juggernaut Bitcoin (BTC), Ethereum has recently transitioned its consensus mechanism from proof-of-work to proof-of-stake.
Proof-of-stake speaks volumes for all crypto platforms and assets that operate on Ethereum smart contracts, as it reduces transaction speeds and costs. Effectively reduce energy consumption by an estimated 99%.
Due to Ethereum’s blockchain technology and its popularity as a blockchain for crypto platforms and assets, the price of Ethereum’s native token, ETH, has remained stable over the past month. A feat that is incredibly challenging for both ETH and many other market-leading cryptos this crypto winter.
Ripple thrives after launch test for Ethereum-based smart contracts
From September 17 to October 17, XRP increased by over 25% on CoinMarketCap despite the current poor economic situation. Unparalleled for a bear market, Ripple are exciting holders of XRP who, until now, may have given up all hope of the currency ever rising again.
The native currency of Ripple, a currency exchange and money transfer network, is XRP. The token is mainly used for payment settlement, asset exchange and remittance systems.
On October 17, 2022, Ripple announced that it would begin testing an XRP Ledger sidechain to be compatible with the Ethereum Smart Contract. What this means for both Ripple and Ethereum is that an increased amount of interest and users can be generated for both Ripple and the Ethereum blockchain.
Big Eyes Coin is trending after raising $8,000,000 in just a few weeks
A meme currency built on the Ethereum blockchain is the cute cat Big Eyes Coin. Currently smashing through pre-sales like nothing before this crypto winter, Big Eyes Coin aims to make the Ethereum ‘Blockchain hype well worth getting on board’ for crypto newbies and pros alike.
After raising well over $8,000,000 and nearly completing stage 5 of the presale, investors are rushing to buy up BIG, the initial token of Big Eyes Coin, before the price of the token increases by 25% for stage 6. The demand for BIG is taking the internet by storm as pre-sales of BIG can jump over $500,000 in a single day.
Big Eyes Coin is based on its mascot cat who needs to save the oceans so it can continue to eat fish. To complete this goal, a dedicated 5% charity wallet will be used to make donations to marine sanctuaries. This motif has clearly struck a few chords with crypto enthusiasts as Big Eyes Coin has amassed over 50 thousand Twitter followers and doesn’t seem to be stopping anytime soon.
Can Big Eyes Coin And Ripple Boost Ethereum’s Price?
As Big Eyes Coins and Ripple’s success continues, it is possible that the investment in ETH may increase if people see the effectiveness and efficiency of Big Eyes Coins and Ripple’s functionality. Especially if Big Eyes Coin explodes (as the pre-sale predicts), a new interest in energy efficiency, saving the environment and using the Ethereum Blockchain will emerge.
For more information on the Big Eyes Coin project:
Advance sales:
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