Turbulence at the Top of the Meme Coin Market, Dogecoin and Big Eyes Coin.
The longer the cryptocurrency bear market wears on, the closer the valuations of Dogecoin and Shiba Inu have become. Now they rank 10th and 12th respectively. Could this mark a lack of faith in traditional meme coin markets and give credibility to other new and more innovative projects?
Does Big Eyes Coin have a Shot at the Title?
It is very difficult to predict what will happen in the next bull market. There are no guarantees that past tokens will pump as hard as previous cycles. For this reason, it is best to focus on the positives of new projects to determine how that project might fare in the next bull market.
Big Eyes is a truly decentralised meme coin. Taking inspiration from the OG cryptocurrency Bitcoin and its founder ‘Satoshi Nakamoto’, Big Eyes ultimately operates under a similar style pseudonym. The developers are keeping themselves conspicuous to ensure that the token ‘Big Eyes Coin’ is truly a coin of the people.
Check Big Eyes Twitter page to get involved in the ever-growing community they are building. The Twitter team are engaging well with the crypto community, posting success-inspired memes as well as countless giveaways which those involved with the community have been reaping. The above meme tied into the recent House of the Dragon Tv show based on the original Game of Thrones.
They have placed 2 years of locked liquidity on the project as well ensuring that there can be be no scope of rugging. This gives early investors peace of mind for buying the presale as they know they will be able to realise their profits of the coin at any point once the token is launched.
Once Big Eyes has launched it will be available to buy and sell on Uniswap, the largest DEX on the Ethereum blockchain.
Will Dogecoin hit $1 in the next bull run?
It is very possible. While price predictions in crypto can be very hopeful, the price of DOGE peaked at $0.73, since then it has comfortably resided on the edge of the top 10 cryptocurrencies by market capitalisation.
Dogecoin was the first mover in the meme coin space giving it an advantage over many other meme tokens, such as Shiba Inu. In the cryptocurrency industry, being the first mover generally means you gain a large community very quickly. Assuming the project has strong fundamentals, these communities are typically pretty loyal. This immediately makes another meme coin taking DOGE’s title away from it very challenging.
With all this in mind, it is unlikely that DOGE will lose much of its market share to other meme tokens like SHIB, despite them currently sharing a very similar valuation. With the greater accumulation of DOGE by its community as well as the true adoption that is slowly emerging, it is easy to see Dogecoin hitting $1 in the next bull market.
It is also significant to consider that if the DOGE token enters another bull market, other meme tokens – Big Eyes for example – will be dragged up with it. When liquidity flows into Dogecoin the rest of the meme coin market also sees a higher than usual liquidity rate and flourishes.
This means that Big Eyes would also witness a likely meteoric rise if the DOGE token were to experience another bull run similar to 2020/21.
It is for this reason that exposure so low cam meme coins are a great addition to any cryptocurrency portfolio. What gives Big Eyes the edge over other low-cap meme tokens is that Big Eyes Coin is still very much in its early presale phases, meaning investors have the highest purchasing power over BIG tokens they ever will. If you are interested in buying Big Eyes Coin, it is certainly better to get in early while you get more bang for your buck.
For more information on the project:
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