The cryptocurrency market has had several downtrends this year, and amidst it all, crypto enthusiasts are still looking to position themselves to make money off the market and the opportunity it poses. Big Eyes(BIG) is a big prospect for the market, and investors are looking to the memecoin for potential profit by launch. Big Eyes has been impressive on presale, raising over $11 million and is looking to close its stage 7 presale with a statement. Raising millions of dollars in a bear market is something only a few projects can pull off, and it could also be a pointer to the growth to come. With the strength shown by Big Eyes, investors are willing to bet on the token towards launch.
Also, BNB, which has been on everyone’s radar for coming out of the FTX – Binance drama unscathed, looks like it’s in a good position for the market and crypto enthusiasts have solid confidence in the token’s prospects. Following the FTX crash, Binance has encouraged the industry to be more transparent while pursuing means that can further protect the industry against such future incidents. Recent news has covered Binance securing partnerships that could help protect institutions and users.
Binance Coin(BNB) Imposes Its Influence
Binance Coin(BNB) is the utility token of the largest centralized cryptocurrency exchange and a utility and governance token for the EVM-compatible blockchain, Binance Smart Chain. BNB has been a top cryptocurrency since its launch, and it’s believed to be one of the most solid crypto assets owing to the longevity of the token.
Binance, the platform behind it, is highly influential in the market and backs several other assets in the market, including the fourth largest stablecoin, BUSD. The CEO of Binance recently announced the creation of an industry recovery fund that would support the market in moments of crisis like the FTX crash. A day after CZ stated that Binance aims for $1 billion for its crypto recovery fund, the sum has increased. Along with other well-known cryptocurrency businesses, Aptos Labs and Jump Crypto joined Binance’s effort and will each make a $50 million donation to the fund.
The industry recovery fund now stands at almost $2 billion after receiving additional funding from other enterprises. Changpeng “CZ” Zhao, CEO of Binance, made the additional allotment public on Friday. The sector would be supported, and troubled crypto assets would be purchased using the recovery fund. Since the beginning of the year, the cryptocurrency market has seen a sharp downturn, which has caused some crypto enterprises to close down.
Big Eyes(BIG) Runs Away From The Competition
Big Eyes(BIG) is a new cryptocurrency that looks to revolutionize the memecoin landscape and help its holders make money. Memecoins are reputable as wealth creators. This is usually enabled by the various DeFi and other cutting-edge utilities the project can put in place to draw value into the ecosystem. Big Eyes draws inspiration for its narrative from big-eyed cats, allowing it to take a unique approach towards the market.
The memecoin landscape has grown too accustomed to the unilateral use of dog memes, and the jokes now seem overwashed. The new cat memes hope to introduce another spectrum of internet jokes that would help push crypto narratives and draw people into the ecosystem. Big Eyes aims to expand utilities towards NFT, which would primarily serve as access tickets to more content and events from the project.
Big Eyes is a community-governed project looking to involve the community in active governance. Holders can earn veto power by the number of BIG tokens they stake in the protocol. This will enable holders to be able to contribute to consensus and create proposals.
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Big Eyes Coin (BIG)