The recent year has been facing a massive cryptocurrency fall. Several well-known crypto networks have dropped. The bear market performs worst for the cryptocurrency blockchains like Bitcoin, Terra, and Ethereum.
One of the greatest strategies to balance the volatility of cryptocurrencies is a strong portfolio. That strong portfolio helps a user track their assets. Also, it helps to identify which crypto is appropriate for shorting and which can be owned safely.
Big Eyes :
Due to the continued demand for two well-known meme coins, Dogecoin and Shiba Inu, meme coins came back this year. The meme coins became popular. It is taking inspiration from Elon Musk’s dog. The illustration of the dog, which is called Floki, got huge popularity. Shiba Inu is another meme coin and competitor of Dogecoin. Shiba Inu is a Japanese creation. Although there are several meme coins on the cryptocurrency market at present time.
Turbulence is going to bring its meme coin industry. The Big Eyes are coming from the Japanese industries to save and reinvent the meme coin’s actual identity.
The Meme Coin’s History :
There are so many categories of cryptocurrencies on the market. There are categories like Play-to-Earn, Metaverse and meme coins. Meme coins are inspired by a prominent online joke or meme. Later, some specific currencies changed into enthusiastic investments for crypto experts. Online communities also play a crucial role in their development.
But they might have a unique and humorous origin than other existing cryptocurrencies in the market. Meme coins and other cryptocurrencies are assets of wealth that are treated similarly to stocks and other investments. That is not any legal tender. Cryptocurrencies act with the help of blockchain technology. Blockchains are considered decentralized digital ledger that keeps track of transactions and makes transaction in blocks.
It is important to gain knowledge before investing in meme coins or other cryptos that what it is actually.
Big Eyes (BIG): The Cutest Kitten Identity :
Big Eyes plans to originate itself as a community-driven coin aiming to reroute assets into the ecosystem of decentralized finance (Defi). The blockchain network plans to contribute 5% of its profits to a charity wallet. That initiative will support projects that are focused on ocean and marine life conservation intended to safeguard an essential portion of the global ecosystem.
Through a unique mascot, Big Eyes aims to bring a part that they realize to be a “billion-dollar market” by targeting specific charitable organizations. The mascot is a big-eyed kitten or baby cat that was influenced by Japanese animation.
The platform chose a kitten as their recognition is a stark departure from the canine-based canon. That many meme coins follow as their model. The platform credits cats. Because the creator and developer of the Big Eyes platform followed a novel strategy that massively got attractions from people.
The token’s future is in the hands of the community. The activities or responses will matter. One of the projects, related to comic books and other media, will enlarge the Big Eyes setting and characters.
Additionally, BIG is also renowned for its dynamic tax structure, democratic community management, and above all the tax-free fees. After all, this idea has a huge potential to both raise meme currencies to a new level and keep the bear market recovering.
Mentionable, Billy Markus and Jackson Palmer, Dogecoin (DOGE) Originator said that when they invented Dogecoin in 2013, they didn’t want their humorous cryptocurrency to be taken seriously or heavily. Meme coins existed for a long time.
Notably, Dogecoin is a decentralized and open-source peer-to-peer digital currency whose features can be compared to Bitcoin, as it works around digital payment mechanisms.