What Does 2023 Hold For Solana And Big Eyes Coin?
The cryptocurrency market has shown riskier tendencies in the past few weeks. Although one can say the market has been in a bear rally since the start of the year, the past week’s events further confirm the ecosystem’s horrid state.
Crypto enthusiasts are now looking to play the long game and bet on crypto assets with potential for the long term. Big Eyes Coin (BIG) is a new meme coin project that has shown strength in the past few months. Big Eyes Coin has raised over $11 million on presale, making it one of the most successful presale events the market has seen. Also, this landmark in a bear market is a pointer to strength and could spell some decent gains for investors.
Solana has always been on the radar of most crypto enthusiasts, mainly because it’s established to be one of the most efficient blockchain networks. However, certain concerns have probably slowed its growth, and some of them include the overwhelming involvement of venture capitalist firms.
The token was shaken by the FTX crash, considering the centralized exchange and the trading arm, Alameda Research, are huge backers of Solana. These concerns further deepened as news emerged that Solana Foundation lost funds running into several million held on FTX.
Solana Following FTX Crash
Solana (SOL) is a top blockchain network and is one of the most efficient networks in recent times. It was dubbed the Ethereum killer alongside, but it hasn’t been able to live up to that pseudonym. However, the network has some influence of its own on the market. It has excelled well in the NFT market, making it the third largest network in NFT trading volume after Ethereum and Ronin bridge, an Ethereum sidechain for the Axie Infinity game.
Following FTX’s bankruptcy, the Solana Foundation has posted a fact sheet outlining its exposure to the crash. As of November 6th, right before the exchange stopped processing withdrawals, the organization owned exposure to the firm of nearly $180 million in cryptocurrency assets. Last updated on Monday, the foundation’s report states that as of November 6th, Solana had almost $1 million in cash on FTX. The non-profit claimed that the money only made up less than 1% of its financial reserves and was “negligible” to its operations, but it lost far more in crypto assets.
Since the FTX crash, the Solana community has shown strength, holding the token from crashing to zero from a mistake caused by an external factor. The days following the crash were tumultuous for the token, but things have stabilized now, and the community looks forward to recovery and growth for Solana.
Big Eyes Coin
Big Eyes Coin is a DeFi meme coin launching on the Ethereum blockchain and has shown potential to be as big as Dogecoin (DOGE) and Shiba Inu (SHIB). The new meme coin learns a few lessons from preceding meme coins and would look to replicate Shiba Inu’s success in the DeFi landscape.
However, it is looking to revolutionize the trend set by Dogecoin. After Dogecoin launched, hundreds of successful and failed meme coin projects that have launched follow in that stride, but the memes no longer mean what they used to mean. Dog jokes are overwashed and do not seem as efficient for emerging projects.
Therefore, Big Eyes Coin takes a new approach to the market, drawing inspiration for its narratives from cat memes. Big Eyes Coin would look to be as big as any preceding meme coin projects and help its investors make some gains. The Big Eyes Coin presale is selling out at record speed.
Big Eyes Coin is giving users an additional 5% worth of tokens with the code: BCUTE236
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