Investing in Community-Based Meme Coins Like Dogecoin and Big Eyes Coin Could Prevent Disasters Like FTX

The third largest cryptocurrency exchange FTX has recently filed for bankruptcy, leading the way to many problems for crypto investors who utilised FTX. After this news spiralled the crypto market, many other issues came to light. The crypto exchange was once considered trustworthy and reliable, which granted it its huge status up until recently.

However, recently it has been brought to light that FTX owes millions of investors billions of dollars. The exchange service had stopped letting investors withdraw after the news of bankruptcy was made public knowledge. There was hope that it would be fixed during the FTX and Binance merger, but the number one crypto exchange platform has since pulled out of the deal.

To ensure your money and interests as an investor stay protected, try investing in community and investor focussed meme coins like Dogecoin (DOGE) and Big Eyes Coin (BIG).

Dogecoin’s Community Pushed It up to the Top 10

Dogecoin is one of the biggest cryptocurrencies on the market. This dog carries plenty of bite and is currently sitting at the number eight position on Coin Market Cap. This was all achieved due to the enormous community the coin had built.

When Dogecoin was launched in 2013, it was meant to be a lighthearted response to the first-ever cryptocurrency, Bitcoin (BTC). The coin’s creators never intended it to be taken seriously, as they even employed the “doge” meme as the coin’s mascot. However, when people saw this silly coin, they found it hilarious and began rallying behind it. Crypto groups on social platforms began to discuss Dogecoin, and it has become more well-known since then.

Due to all the hard work the community put in to grow the coin, Tesla CEO Elon Musk noticed and took a liking to the coin. He began endorsing it on Twitter which caused it to blow up. Without the community behind it, Dogecoin wouldn’t be where it is now. This is why Dogecoin focuses on investors’ needs and desires and aims to keep the coin community focused on ensuring the safety of its investors the best it can.

The co-creator of the coin, Billy Markus, even slammed FTX and its creator on Twitter, stating,” I don’t think we should give people who commit enormous, massive fraud a second chance to commit enormous, massive fraud again.”. This further shows Dogcoin’s commitment to its community.

Big Eyes Coin Investing Into Its Community

Big Eyes Coin is a fresh new meme coin. It is in the sixth stage of its presale and has raised a whopping $10 million in a matter of weeks. Like Dogecoin, Big Eyes Coin utilises an animal mascot to appeal to a community of cat lovers. Big Eyes Coin has an adorable anime-style cat mascot who has brought together a community of meme lovers and cat lovers.

The coin is focused on being deeply community-focused, ensuring 80% of all BIG tokens are available during the presale. The crypto goes further than this by caring about its community’s needs on a deeper level. Bug Eyes Coin has dedicated a 5% charity wallet that it has put aside to donate funds to ocean-saving charities cleaning up the world its investors care for. As seen on the coin’s Twitter page, it has already begun donating to these charities. It doesn’t intend to stop anytime soon.

Final Thoughts

Many people in the world of finance care solely for money which can be seen in FTX’s founder Sam Bankman-Fried. However, there are cryptos such as Big Eyes Coin and Dogecoin. They are heavily community focussed and care about their investor’s interests. If you are looking to invest, they should be your top pick.

Use this code for a BIG surprise: BIGPRIZE26

Big Eyes Coin (BIG)





Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Source link

(Visited 1 times, 1 visits today)

About The Author

You Might Be Interested In


Your email address will not be published. Required fields are marked *

This is default text for notification bar