Overall, the cryptocurrency market’s price action today has been negative, with major coins giving back some of their remarkable gains from the beginning of the year. That news follows the recent disclosure that Kraken was fined $30 million by the United States Securities and Exchange Commission (SEC) and given an order to cease crypto staking in the country. When considering trading volume, Kraken ranks as the third largest cryptocurrency exchange globally.
Both Solana (SOL -9.20%) and Bitcoin (BTC -4.15%) have contributed to the market’s 4.1% decline during the past 24 hours. Not Big Eyes Coin (BIG), which has established its own market. Big Eyes Coin (BIG) may be represented by a charming, cartoon cat with wide eyes, but don’t take that to indicate you should discount it.
Also Read: Triple B Takeover: Bitcoin (BTC) And Binance (BNB) Inspire Big Eyes (BIG)
The market as a whole is still exhibiting signs of strength, and we’ll examine some of the most important reasons why the cryptocurrency market could soon explode in this piece. First, we’ll take a look at the cryptocurrency that started it all, Bitcoin (BTC), followed by a discussion of Big Eyes Coin (BIG), a newfound treasure that’s already making waves. As you can see, this eco-friendly cat is a crypto market player to keep an eye on. Presale revenue reaches unprecedented levels of $24.5 million, and it’s only going to keep rising.
Bitcoin’s price may skyrocket after the next halving.
The history of Bitcoin (BTC) is by now quite well known, if not universally so. Bitcoin, the first cryptocurrency, was introduced in 2009 by an unknown individual seeking to create a decentralised digital currency and a means of conducting anonymous online peer-to-peer financial transactions. Several investors are feeling positive this year because of the impending Halving event for Bitcoin in 2024. In 2024, miners may expect to receive only 3.125 Bitcoin as a return for their work, as the payout is halved every four years.
Given that the halving event helps reduce the total number of Bitcoins in circulation, it is no surprise that the cryptocurrency’s value increases dramatically afterward. There is a common belief that the Bitcoin Significantly reducing event is connected to the cycles of the cryptocurrency bull run, serving as a trigger for the influx of new investors just before each halving event. An economic revolution was launched, leading to the creation of other additional cryptocurrencies, each with its own set of characteristics. In 2021, the last year of a long bull market, Bitcoin reached an unprecedented high of over $64,000.
Also Read: Current Bitcoin Rally Is Historically Different Heres How
That’s why it’s smart to get a head start on the crowd and buy cryptocurrency in 2023, when prices are low across the board. That way, you won’t have to worry about paying an all-time high price and may enjoy the Halving event without missing out.
Increased Success for the Big Eyes Coin, a Shining New Treasure
Bitcoin’s success has a domino effect on the cryptocurrency market as a whole, and the best part is that it creates space for up-and-coming young coins to flourish. The pre-sale of the groundbreaking new DeFi cryptocurrency Big Eyes Coin (BIG) has soared above the astounding $25 million mark. From the looks of things, the Big Eyes Coin community is expected to treble its current success within the next year. Big Eyes Coin’s spectacular performance is not only an excellent investment opportunity, but also suggests that the future of cryptocurrency is bright. Apart from the unbelievable size of their $50 million presale goal, the fact that they have already raised $25 million is astonishing.
Also Read: Top Three Potential Gainers To Buy In 2023: Binance Coin, Shiba Inu, And Big Eyes Coin
To the delight of the internet’s meme-obsessed masses, Big Eyes Coin features an adorable feline with the catchy moniker “Big Eyes” due to its large, doe-like eyes. Such penetrating eyes undoubtedly took note of the deplorable condition of the world’s oceans, and as a result, he mandated that five percent of all $HUGE deals be donated to marine conservation. Big Eyes Coin’s Twitter page is always active with local contests and exciting announcements like their new NFT club “The Sushi Crew,” so it’s evident that the people behind the coin care deeply about their users.
In Conclusion
Investing in Bitcoin now can put you ahead of the pack when the April 2024 split event comes next year. Be prepared for the next bull run since the next halving event could be the catalyst. While Bitcoin is a fantastic long-term asset in crypto, you could also pick up some brand new gems like Big Eyes Coin that have the potential to 100x!
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