Eyes on a Bull Run in the European Crypto Market as Dogecoin and Shiba Inu Seek Uptick
The cryptocurrency industry faced challenges in 2022, including a prolonged bear market and the breakdown of vital players such as FTX and Terra. However, European crypto saw strong growth, with VC investment in European-based cryptocurrency startups reaching an all-time high of $5.7 billion, up 120% from the previous year. Financial services accounted for 52% of all European startup investments, followed by infrastructure and Web 3 at 32% and 16%, respectively. Shiba Inu and Dogecoin are hoping for a boost from Elon Musk’s support, with their popularity and price gain influenced by his tweets and memes. Meanwhile, Big Eyes Coin has been generating buzz with a historic presale performance, introducing a 250% bonus for early token buyers. The coin’s team is committed to giving all investors a fair chance of financial success and donating 5% of total token sales to charities that protect the oceans. By providing incentives for community development, such as lower transaction fees and tax deductions, Big Eyes Coin encourages token holders to continue investing in the project. Regulations, exchange accessibility, and investor sentiment must also be considered when exploring the cryptocurrency markets in Europe and the US.
About The Author
