Big eyes coin is wasting no time imposing itself on the cryptocurrency scene. The innovative coin has already received 3.2 million dollars worth of investments and this is set to increase even further during its release of stage 3.
Its crazy success is a testament to the crypto industries ever involving landscape where investors are looking for new ways to spend their money.
Crypto is no longer solely about investing in the right coin, waiting for it to reach an all-time high value, and then converting it into fiat.
Crypto geeks want the opportunity to be part of an interactive community and own a range of cool, quirky items.
There are few better examples than ApeCoin, a cryptocurrency dedicated to Ethereum’s famous NFT collectibles in the Bored Ape Yacht Club (BAYC). ApeCoin was released this year and is already ranked in the top 40 cryptocurrencies on coinmarket.
It remains to be seen if Big Eyes coin can emulate its creative crypto counterpart or if it can go one step further and break into the top tier of digital currencies.
Go Ape Crazy With Ape Coin
Despite its relatively quick success in the crypto universe, ApeCoin is experiencing a downward trend in recent months. At the time of writing, the NFT-based coin is worth a modest $5.40, $15 less than its peak value of $26.19 back in April.
It’s not clear whether investors are fed up with purchasing digital apes or if they have been swayed by other coins on the market.
Considering that the BYAC has over 10,000 unique Ape designs, this is slightly worrying for meme coins and other coins that are relying on NFTs to increase their number of investors.
This is especially because the BYAC has predecessors in the form of the Mutant Ape Yacht Club and the Bored Ape Kennel Club.
Time will tell whether collecting funny-looking apes begins to trend again or if the ApeCoin gods need to release new, original designs to improve their market value.
Go Cat Crazy With Big Eyes
As part of stage 3 release (Run), Big Eyes coin is set to release its own collection of NFTs, and it doesn’t take a genius to predict that these will include a wide range of cat-related digital items.
According to the Big Eyes coin website, the NFT Sushi Crew will be the community for Big Eyes investors where they can fully immerse themselves with the cryptocurrency.
If the raising of over 3.2 million dollars in pre sale is anything to go by, Big Eyes NFTs are likely to be a major success. As seen with ApeCoin though, this does not necessarily mean that Big Eyes coin will reach the summit of the crypto market.
However, Big Eyes coin arguably has a better chance due to its donations to charity. 5% of the coin’s total supply was donated to ocean-saving charities in stage 2 and this is set to be repeated in stage 3.
Therefore, investors will have added incentive to purchase Big Eyes coin, besides just the ownership of unique, digital commodities.
Both ApeCoin and Big Eyes coin are part of a new crypto era that transcends monetary profit.
Nevertheless, if we look at ApeCoin as a case study, it is evident that offering attractive-looking NFTs and nothing else is not enough to appease investors long-term.
Hence, Big Eyes coin may have greater potential than ApeCoin. This is due to making a positive difference to the environment whenever someone decides to buy its NFTs and become part of its ecosystem.