Louis Vuitton’s Web3 Trunk | Apecoin | Big Eyes Coin
Following the wide endorsement and adoption received by Apecoin’s Bored Ape Yacht Club NFT collection from various celebrities and influencers, NFTs have become a status symbol. Another industry associated with social status is fashion, and Louis Vuitton, the renowned luxury fashion house, recently made news in the crypto world with its latest NFT release, the “VIA Treasure Trunk”. Read on as we explore the role of NFTs as status tokens and their impact on other projects such as Big Eyes Coin (BIG) and Dogecoin (DOGE).
Big Eyes Coin: Cat Of The People
Big Eyes Coin, an ERC-20 token built on the Ethereum blockchain, debuts on June 15. This new meme coin has caught the attention of crypto enthusiasts by offering a fun and potentially lucrative investment opportunity.
Thanks to its foundation in the Ethereum blockchain, Big Eyes Coin ensures increased speed and security for its users. The project also has many other features that entice investors to go deeper into it, such as Big Eyes Coins cryptocasino which will be open at the end of August. BIG Casino will host over 4,000 games, both P2E and regular, and it will use $BIG as a universal medium of exchange.
Big Eyes Coin is also capitalizing on the popularity of NFTs by promising to release one of its own alongside the project. This NFT collection will provide access to an owners club called the Sushi NFT Club, but unlike Louis Vuitton’s Web3 Trunks, this club will be more of a way to demonstrate loyalty and deep investment in the project rather than social status since the Big Eyes Coin is a community-focused project.
Louis Vuitton’s Web3 Trunks: The Final Nail For Apecoin?
After the scandalous fame achieved by the Bored Apes collection, ApeCoin (APE) received a boost of attention and excitement. However, recent developments have cast a shadow over this once promising digital resource. With 95% of ApeCoin owners experiencing financial losses, concerns have been raised about its long-term sustainability. Declining network growth and a slowdown in trading speed have contributed to the coin’s current challenges. ApeCoin’s price has seen a significant decline, and the MVRV ratio indicates a lack of selling incentives among holders. And now with luxury fashion brands venturing into the NFT space, ApeCoin will really struggle to recover from this downturn.
Dogecoin, depending on celebrity endorsements
Dogecoin (DOGE) is no stranger to celebrity endorsement thanks to Elon Musk. The eccentric billionaire has repeatedly tweeted about the coin and once went so far as to use the mascot as the Twitter logo, causing large increases in the token’s value. This approval from Musk has definitely raised the stature and stature of meme coins as a whole and brought them into the mainstream.
Currently ranked #8 in the crypto ecosystem, Dogecoin has also gained attention for its unique approach. With a significant market capitalization and recent price increases, Dogecoin presents an exciting investment opportunity with Dogecoin price forecasts in 2023 indicating a relatively stable outlook, with expected minimum and maximum prices, offering a potential return of 5.3%.
It is said that prestige or social status is the first thing people seek when their more basic needs are met, and that seems to be true in the crypto space as well. Louis Vuitton’s web3 trunk NFTs are supposed to be status symbols, but they are bringers of good fortune to the crypto world as well, considering the mainstream adoption they bring to it. Big Eyes Coin’ NFTs, on the other hand, are a community-building tool, and these shared values are what make Big Eyes Coin so popular. So, grab your space suit and get ready to launch because the countdown has begun. Visit BIG’s website today and register to join the countdown.
Big Eyes Coin (BIG)
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