Cryptocurrencies have taken everyone by surprise since the original cryptocurrency came out in 2009. No one saw it coming, and the revolution has already hit millennials and Gen Z.
In the world of cryptocurrencies, the rise of memecoins has been remarkable. With its humorous origins, memecoins have attracted the attention of cryptocurrency enthusiasts and investors.
And now, a new player has appeared in the memecoin world and has already made waves in the market. Big Eye Coin (BIG)a cat-themed meme coin built on the Ethereum blockchain, sent shockwaves through the crypto community by outperforming established cryptocurrencies like Polkadot and Stellar in its presale phase.
In this article, we explore the story of Big Eyes Coin, how it rose to prominence, and what it means for the future of the meme coin market.
Stellar (XLM): Stellar performances along the way!
Stellar is a decentralized protocol with open-source code that facilitates the storage and transfer of cryptocurrencies. It enables cross-border transactions between any currency pair with minimal fees.
Launched in 2014, the Stellar blockchain utilizes a Federated Byzantine Agreement algorithm to enable faster and more economical transactions.
In 2017, Stellar gained a lot of attention after announcing a partnership with IBM to create multiple currency corridors for South Pacific countries.
The main token on the Stellar blockchain is Stellar Lumens (XLM), which are used as transaction fees.
In early 2021, the value of the Stellar token more than quintupled to $0.73. However, it failed to surpass the all-time high of $0.93 reached in 2018.
Currently, the Stellar token is worth $0.093, down 48% from a year ago.
Polkadot (DOT): Smoother transactions possible
Polkadot is a blockchain protocol designed to facilitate cross-chain communication and data sharing between different blockchains. The network’s architecture consists of a series of interconnected parachains, each of which can be customized to serve specific use cases and operate independently of each other. The relay chain acts as a security layer and governance mechanism for the network, enabling parachains to communicate seamlessly with each other.
To ensure the accuracy and security of the network, Polkadot employs a consensus algorithm called Proof-of-Stake (PoS). The algorithm, inspired by the Ouroboros protocol, allows DOT holders to participate in the verification and agreement of network transactions.
As the native cryptocurrency of the Polkadot blockchain, DOTs are used for various purposes, including transaction fees and governance. DOT tokens are also used in consensus mechanisms to incentivize network participants and ensure the stability and security of the blockchain.
At the time of writing, DOT is trading at $5.88, down 64% from a year ago.
Big Eyes Coin (BIG): The New Kitten on the Block
Big Eyes Coin is a new cat-themed cryptocurrency based on the Ethereum blockchain. BIG acts as the native currency within the Big Eyes Coin ecosystem. The BIG token pre-sale started in August 2022, and since then has successfully completed 12 stages and entered the 13th stage. So far, the presale has raised more than $34.5 million.
The price of 1 Big Eyes Coin unit was $0.0001 when the pre-sale began in 2022, and has soared to $0.00053 by Phase 13, a massive 430% increase from the initial price. The project team is now targeting an issue price of $0.0006 after completing the pre-sale in June.
To facilitate the pre-sale, the Big Eyes Coin team has launched loot boxes at different affordable prices with the potential to win up to $1 million worth of BIG tokens. Plus, those who use code END 300 to buy BIG Tokens and loot boxes can also get a 300% bonus.
As the presale draws to a close on June 3, the team behind the cat-themed meme coin announced that the BIG token will launch on the Uniswap cryptocurrency exchange starting June 15.
Big Eye Coin Has quickly become a serious contender in the memecoin space, surpassing established cryptocurrencies like Polkadot and Stellar. Its pre-sale was a success of more than $34.5 million, pushing the value of a single unit to $0.00053, a massive 430% increase from the initial price. As such, the future of the meme market seems promising, with Big Eyes Coin leading the way.
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