It’s Altcoin Season: Can Big Eyes Coin Outshine Established Cryptocurrencies Like Apecoin And Ethereum And Dominate The Bull Market?

20 April 2023

in ApeCoin

Reading Time: 4 mins read

Ethereum (ETH) has been running the crypto market for a while now, as the second-highest-ranked cryptocurrency of all time, one below Bitcoin (BTC). Apecoin (APE) has also established itself as a highly valued cryptocurrency, especially for metaverse users. But it might be time for new altcoins to shine and potentially dominate the crypto market, can Big Eyes Coin (BIG) live up to that potential?

Ethereum: The No 1 Blockchain Platform

Ethereum is one of the OG decentralized blockchain networks that carry many crypto platforms on their system. The Ethereum network however is powered by the Ether token and it differs greatly from the original cryptocurrency Bitcoin. Bitcoin was strictly designed for currency exchange purposes, however, Ethereum was structured to enable smart contracts and assist decentralized applications specifically, so there is a lot more that can be done on the Ethereum network.

With the Shanghai Upgrade, Ethereum users are seeing numerous benefits to the blockchain update. For example, investors that have been staking their Ether tokens for years have now been able to withdraw their funds from their accounts. Half an hour after the Shanghai Upgrade was finalized, the network saw over 280 withdrawals take place, amounting to 5,413 $ETH, which is about 10 million dollars in fiat currency.

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Another difference is that Ethereum has adopted a brand new method of consensus, previously the network ran on a proof-of-work concept, however, Ethereum is now powered by a proof-of-stake concept which makes it easier as investors no longer have to complete tasks within the network to remain. After Shanghai, Vitalik Buterin states that one of Ethereum’s main priorities will be to make the network faster and cheaper to compete with tough competition like Avalanche (AVAX) and Solana (SOL).

The Rise Of The Planet Of The Apecoin

Apecoin is a coin that was designed especially for lovers and explorers of the Metaverse, those that use decentralized spaces for the digital art collection and NFT investment. Apecoin is relatively new, as it has only been around for over a year, since March 2022. However, this hasn’t stopped a spark in interest in the coin overall as it traded for over two million during the first week of its release. It also carries a lot of status on social media platforms such as Twitter and Reddit.

Apecoin however does still fall victim to the volatility of the crypto market as a whole, the coin value fluctuated wildly between $6.50 and $40. This can make it harder for people who are considering investing in the token, as the wild price jumps can be severely off-putting. Apecoin still has a lot to prove within the crypto market, it must be determined in time whether or not Apecoin is worthy of status amongst other established altcoins. Apecoin value charity as a small percentage of every transaction fee is delegated to a charity wallet.

Big Eyes Proves Itself As Big Competition

Big Eyes fills in many of the gaps left by these other altcoins. A problem with Dogecoin (DOGE) is that there is an excessive production of coins, which reduces the token’s overall value. Big Eyes are limited to a specific sum therefore investors in $BIG are unlikely to encounter this problem as a result. The problem with Apecoin (APE) is that it operates with too much volatility and unpredictability.

Big Eyes Coin has made history for its presale, one of the most generous presales in crypto history, always thinking of new fun and exciting ways to give back to the community. For example, the Lootboxes were a unique way to get people to purchase $BIG and the idea that investors could potentially win double, sometimes even triple the amount of $BIG saw a lot of people gravitating towards purchasing.

Currently, a date is set with Big Eyes marking the end of the presale. People have until June 3rd to make their presale investments before the price increases. Big Eyes are also offering a 300% bonus that can be claimed using the bonus code END300.

Apecoin isn’t the only ones who are all about charity. Big Eyes have set itself apart from the rest by delegating 5% of all $BIG to help save the oceans from overfishing and pollution. This is refreshing during a time when global warming is becoming a predominant issue in the world.