Polygon (MATIC) on Wednesday, climbed one step to the 8th position on the overall cryptocurrency performance ranking, while Binance USD fell to 10th. One of the most notable recent patterns has been the increase in Polygon (MATIC) and the decrease in Binance USD (BUSD). We will look at the causes of this change as well as what it implies for the overall cryptocurrency market in this article.
On the other hand, new meme coin, Big Eyes Coin (BIG) has been on a “cinderella” run at presale, growing bigger and bigger to the delight of its followers who cannot wait for its official launch onto the retail market.
Polygon: ‘Gunning’ All The Way Up?
Polygon is a Layer 2 scaling approach for Ethereum. The company changed its name from Matic Network at the beginning of 2021. Its goal is to increase the Ethereum network’s speed and scalability, which are crucial for its ongoing expansion and adoption.
Having started 2023 on the frontfoot, Polygon (MATIC) has barely looked back, racking up big numbers and overtaking over tokens in the ranking. It now has what many call a fragile lead on the rankings with a market capitalisation of $10,940,415,657, at press time.
Binance USD: The Unstable “Stablecoin”
Stablecoin, Binance USD’s worth is linked to the US dollar. One of the biggest cryptocurrency exchanges worldwide, Binance, introduced it in 2019. Its goal is to give dealers a secure means of trading cryptocurrencies without the volatility of more established ones.
Experts attribute Binance USD’s downward trend to the fact that, recently, there has been a move away from stablecoins. Traders’ interest is growing in coins with a greater chance of price growth. Stablecoins like Binance USD have become less common as a result. With its market capitalisation dropping to $10,568,423,313 as at press time, Binance USD has got its work cut out if it must return to reckoning.
Big Eyes Coin: Eyes On The Prize
The growth potential for the new meme token, Big Eyes Coin (BIG), which is launching on the Ethereum blockchain, is enormous. It has orchestrated what has been adjudged the biggest crypto presale in history, with about 31 million US Dollars. Despite the negative market circumstances, Big Eyes Coin has surmounted all obstacles to put up an unbelievably strong presale in a short period of time.
The biggest crypto presale performance of BIG is evidence of the token’s reliability and dedication to providing investors with the highest possible coin rewards. Since its conception at the end of 2022 and as it prepares to go live shortly, Big Eyes Coin has steadily increased in popularity. Investing pays off, and spending early pays off even better.
Don’t pass up the chance to increase your assets while the price is still increasing! In stage 1 of the presale, each Big Eyes Coin was worth $0.0001, and in stage 12 of the presale, it was worth $0.00049. This amounts to an astonishing 390% increase. The price will increase as the presale stages are getting done, and then, investors will receive fewer tokens for the same amount of money. To take advantage of this, visit the Big Eyes Coin page right away!
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