Yet again we see Big Eyes Coin (BIG) on the pre-sale rampage, displaying impressive numbers as they reach the halfway point of their pre-sale period. The cat-themed meme coin is heading fast toward its launch date with crypto confidence on the high.
The layer 2 scaling solution on Ethereum, Optimism (OP) also seems to be doing rather well, as they prove to be one of the top performers of 2023. Optimism’s native token saw an increase of 43% in the first week of Feb, looking for its own stake in the future of cryptocurrency.
We also see the decentralised liquidity protocol THORChain (RUNE), steadily rising in the ranks trading at $1.93 up 11.21% in the past week at the time of writing this. THORChain utilises its automated market maker (AMM) model, allowing users to easily deposit cryptocurrencies to the chosen liquidity pool.
Reasons for Optimism
Optimism (OP) has been described as one of the key Layer 2 scaling chains that is sitting on the decentralised blockchain platform Ethereum (ETH). The success of Optimism is down in part to its integration with many of the popular applications in crypto like Synthetix (SNX), allowing participants greater opportunities.
With monthly gains hitting an impressive 230% during January 2022 the glass is not only half full, but is spilling over with Optimism. Trading at $3 at the time of this article, they also reached an all-time high last week at $3.22.
Optimism is not resting on its laurels with an update pending. Crypto analysts and author of BlockChain Reaction Mike Fay explained: “It appears the biggest catalyst that is likely creating the current price surge in OP is the impending vote for Optimism’s ‘Bedrock’ upgrade that is expected take place on the Optimism Mainnet in the coming weeks”
Hammertime for THORchain
Is that thunder you hear? Or is it the sound of a decentralised liquidity protocol, sometimes it’s difficult to tell the difference. But how does THORchain (RUNE) rule the skies? Via its automated market maker (AMM) model of course.
The AMM allows its users to deposit RUNE easily to their chosen liquidity pool. For example, DeFi protocols Balancer and Uniswap utilise liquidity pools to help users to swap assets through a peer-to-peer function on networks like Ethereum.
THORChian gives the option within this asset exchange process called a decentralised exchange (DEX), in a sense offering a way out and more options within your asset sharing capabilities. The capability of this function is powered by the Cosmos software development KIT. (SDK)
Big Eyes looking to the Skies
Yet again the proof-of-stake cryptocurrency Big Eyes Coin (BIG) is rolling in the pre-sales figures with $24.5m (£20.2m). If jealousy was a currency, competing altcoins would be biting at the bit.
The cat-themed meme coin project Big Eyes focuses on creating a community, and of course offering up the best cat-meme content around. It’s not just about sharing memes, having fun and interesting with new friends, there is currency to be had also!
Putting fun aside for a moment we can also see an impressive emphasis on charity and eco-friendly initiatives. By constantly reducing its mining process, Big Eyes have reduced its own carbon footprint, and also given money to charities along the way.
Success doesn’t come easy, you have to look at the market and understand its fluctuations, spot customer trends, and realise that there is a lot of potential in prioritising the environment.
Week on week we are seeing Big Eyes increase its pre-sale numbers, at the midway point before its launch things are looking impressive for the cat-themed meme coin. Market capitalization has been showing great indicators for the success for the fledgling crypto charity-conscious Big Eyes.
THORChain is hammering the markets in its own right, hoping to increase its trading at $1.93, keeping things steady at the ready. Optimism is also looking to improve on its trade increase of 43% in the first week of Feb. We’ll have to wait and see how the Markets develop.
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Big Eyes Coin (BIG)
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
