The cryptocurrency industry has come a long way since the birth of Bitcoin (BTC) in 2009. With a market capitalization of roughly $1.6 trillion, it is now home to over 22,000 cryptocurrencies, each carrying unique features.
While Bitcoin (BTC) and Ethereum (ETH) stand at the helm of the industry, Dogecoin (DOGE) and Shiba Inu (SHIB) have been leading the meme coin space.
Big Eyes Coin (BIG) is a new entrant in the meme token space that has proven to traders that gains can be made even during bearish markets. The ERC-20 meme token, created on the Ethereum network, has captured the attention of the cat-loving crypto trading industry since its launch.
Dogecoin Skyrockets Post-Pandemic, Thanks to Elon Musk and the Meme Community
Dogecoin (DOGE) was created in 2013 by Billy Markus and Jackson Palmer as a joke. Despite its origins as a parody, the digital currency has gained a massive following in recent years, thanks to its humorous and meme-centric branding. The DOGE community has even dubbed itself “the accidental crypto movement that makes people smile.”
In 2021, Dogecoin gained even more attention when Elon Musk, the CEO of Tesla and Twitter, began tweeting about the cryptocurrency with a Lion King DOGE meme. This tweet kickstarted a massive rally for Dogecoin, resulting in a surge in its value and plenty of laughter among its fans.
The real boom for Dogecoin, however, came in November 2021, when the use of cryptocurrencies became increasingly popular following the Covid-19 pandemic. Dogecoin’s value surged by a whopping 8,000%, making it one of the most talked-about cryptocurrencies in the market.
Shiba Inu and ShibArmy: The Emerging Rival to Dogecoin Dominance
Shiba Inu (SHIB), known as the “Dogecoin killer”, is the closest rival to the popular meme token, created anonymously in 2020 under the pseudonym “Ryoshi”. Shiba Inu has since emerged as a decentralized, community-led currency, with millions of followers worldwide.
Shiba Inu runs on the Ethereum blockchain and boasts a decentralized exchange, ShibaSwap. The currency’s roadmap includes an NFT art incubator called Shiba Artist Incubator, a game called Shiboshi Game, and the highly desirable Shiboshi NFT collection. The Shiboshi NFTs consist of 10,000 unique tokens that were sold out in just 34 minutes in October 2021, making them an immensely coveted asset.
ShibArmy, the token’s community, is devoted to the project’s health and well-being. It is made up of millions of supporters and followers worldwide who are focused on the Shiba Ecosystem’s utility functions and growth factor in the DeFi space. The ShibArmy, like Dogecoin’s community, is a massive part of the project’s success.
Big Eyes Coin’s NFT Collection and Presale Success
Big Eyes Coin (BIG) focuses on shifting its community’s wealth into the DeFi ecosystem while building a blockchain ecosystem that self-propagates for hyper-growth using NFTs.
To reward its loyal customers, Big Eyes Coin has launched a new range of NFTs that can be minted on the Ethereum blockchain. These NFTs can be obtained by opening Loot boxes that contain custom and unique cards that can be minted as NFTs. Users will also receive BIG tokens upon opening the Loot boxes, and each card can only be minted once, making them a valuable and exclusive addition to any collection.
The NFT collection will be listed on Opensea, an Ethereum NFT market, and each NFT can be minted for 0.05 ETH.
The meme token is currently in stage 12 of its presale, having raised $32.9 million in presale tokens. During this stage, the project has an ongoing bonus code, “BULLRUN250”, which users can apply to earn a 250% bonus on top of a BIG token or Loot Boxes purchase.
With Shiba Inu’s Shiboshi NFTs and Shiboshi Game, the token’s utility and ecosystem could potentially exceed its competitor, Dogecoin. Big Eyes Coin’s NFT collection could enhance the meme coin experience of its loyal customers, providing them with the opportunity to own unique NFTs that cannot be replicated.
Find out more about Big Eyes Coin (BIG):