Upcoming meme token project Big Eyes Coin (BIG) has just revealed that it has raised over $8.1 Million, despite having only been in its presale period for roughly six weeks.
This is no small sum of money and has many eyes turning towards the project and its potential. It also leads to the question of just how far the project could go, and whether it bears any legitimate threats against meme token industry leaders, like Shiba Inu and Floki Inu.
In this article, we will look at Shiba Inu and Floki Inu to try and gain an understanding of how they became so successful, and whether or not Big Eyes Coin has any chance of overtaking these tokens.
Shiba Inu sets the standard for modern meme tokens
Dubbed ‘The Dogecoin Killer’, Shiba Inu came onto the crypto market swinging, with a unique take on the sector that allowed it to soar up the market capitalisation charts.
With its sleek token design, updated blockchain technology backing, and deep understanding of the crypto community, Shiba Inu took everything that worked for Dogecoin and modernised it for the currency crypto market, making it something timeless and far less dated than Dogecoin.
This, combined with clever social media marketing, allowed Shiba Inu to explode, inspiring many other projects to follow in its paw prints. One such project was Floki Inu.
Floki Inu reimages the potential of dog meme tokens
Floki Inu has made a name for itself by capitalising on the trend of Shiba Inu, while also being a highly engaging, multi-faceted project.
With NFT, DeFi, and gaming aspects tied into the project, alongside its imaginative NFT metaverse game Valhalla, Floki Inu has taken the biggest elements of the contemporary crypto market and put them all in one place, giving Floki Inu something for everyone to enjoy.
Furthermore, Floki Inu has chosen to be completely open in its business practices, reporting on things such as the number of employees working on the Valhalla project, and having a public, pseudonymous team. This means that potential investors can feel reassured getting involved with the project, knowing it is not some form of scam or rug-pull.
Cats vs dogs - Can Big Eyes coin come out on top?
With all this information in mind, it may be difficult to believe that a meme token as new to the market as Big Eyes Coin holds any legitimate threats against Shiba Inu and Floki Inu. However, if the 8 Million raised so far isn’t reason enough to persuade of the token's potential, then consider these other aspects of the project that is allowing it to stand out from the crowd.
Firstly, the rebellious nature of Big Eyes Coin makes it immediately appealing to those who have grown bored with the current state of the meme token market. The seemingly never- ending waves of low-effort Shiba Inu-inspired meme tokens have caused many to become disenchanted with the meme token market, making Big Eyes Coin a breath of fresh air.
Furthermore, it is clear from looking at the goals of the project that Big Eyes Coin is anything but low-effort. From their innovative tax system that sees no buying or selling taxes, to their charity drive, to their upcoming NFT Sushi Crew project, there has been a lot of thought and hard effort put into the project. This gives the project far more potential than other run-of-the- mill meme tokens, making Big Eyes Coin a worthy entry into this subsect of the market.
But just how far will Big Eyes Coin go? This is something challenging to predict, but one thing is for certain- projects like Shiba Inu and Floki Inu should watch their backs.
Want to get involved? Then be sure to use the promotional code BEYES525 for a BIG discount when getting your Big Eyes Coin tokens.
This article is sponsored content
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Polygon joins forces with WSPN to expand stablecoin adoption
WSPN, a stablecoin infrastructure company based in Singapore, has teamed up with Polygon Labs to make its stablecoin, WUSD, more useful in payment and decentralized finance.
Coinbase envisages listing of more meme coins amid regulatory optimism
Donald Trump's expected return to the White House creates excitement in the cryptocurrency sector, especially at Coinbase, the largest US-based crypto exchange. The platform is optimistic that the new administration will focus on regulatory clarity, which could lead to more token listings, including popular meme coins.
Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B
As Bitcoin (BTC) gets closer to the $100,000 mark for the first time — it crossed $99,000 earlier Friday — capital is rotating into alternative cryptocurrencies, creating a buzz in the broader crypto market.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: Rally expected to continue as BTC nears $100K
Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.