If the phrase that history repeats itself stands true, 2023 has to be the beginning of a bull market. A bearish year is always followed by a bull one and crypto enthusiasts are hoping for nothing less. With banks collapsing, inflation still high, and FED interest rates on a spike, a bull market seems difficult but crypto analysts think otherwise. A recession is followed by a rebound positive trend but this year is going to be huge for Ethereum (ETH), Bitcoin (BTC) and the new Big Eyes Coin (BIG).
Ethereum Ready For Shapella
Shapella or Ethereum (ETH)’s Shanghai Upgrade is a hard fork expected to launch on April 12 as per the team. The most promising feature of this upgrade is that for the first time in the history of the ETH blockchain narrative, it will allow the holders to unstake their assets. It means that the holders will have full access to their holdings.
There are more than 500,000 validators on the Ethereum Network. The development team will focus on sharding, EVM or Ethereum Virtual Machine, EOF or Ethereum Object Format, which is a software component of all Ethereum-compatible blockchains. However, the unstaking will be the most important proposal in Shapella and while other features might face a delay, the unstaking will be implemented on time.
Another proposal that will remain absent from the Shanghai upgrade is EIP-4844. It introduces proto-danksharding. This sets up the much-awaited sharding upgrade for Ethereum and is due in 2024. EIP-4844 is a database partitioning technique which increases scalability by processing more transactions per second.
Bitcoin Briefly Crosses $29000 Mark
Bitcoin (BTC) has spiked more than 17% in the past two weeks. It crossed the $29000 mark on Thursday and reached $29132 before dipping back to $28500. Data that tracked whale wallets witnessed a move or spending of over 320,000 Bitcoin in the past week implying a slight decrease in their holdings. Short-term holders are making profits at the highest margin. As per analysts, all these are the precursors to a bull market.
At the time of writing, Bitcoin is trading at $28621 seeing a daily gain of 3.7%. The Bitcoin fear and greed index has retracted to the greed territory with a value of 60. The next heavy resistance is $30000 and Bitcoin could reach there soon before any other market correction.
Big Eyes Coin Launches NFTs
Big eyes Coin (BIG) is a cat themed meme coin currently in its final stage of the presale. The community token has already raised $32.67 million and is soon going to be ready for the big launch. Ever since the beginning of its presale, the meme coin has the community as its main focus. The kitty cuddlers as they call it have enjoyed the promotional codes, bonuses, and loot boxes, making it a fun and profitable journey for both the coin and the community.
Big Eyes Coin is set to launch their NFTs on March 31. Their love for the community seems to have no end. All loot boxes will have custom and unique cards as rewards (along with $BIG tokens). Like always, opening a Loot Box will give BIG tokens as well. If the users haven’t minted the card already, they will have the option to enable mint, which will help them mint the card as an NFT. Each card can only be minted once per wallet address so make sure you collect all your Loot Boxes.
While Ethereum’s Shanghai Upgrade might prove to be a turning point for bitcoin and Bitcoin’s Bull Market seems much anticipated for the investors, Big Eyes Coin’s growth trajectory over the past few months is what is keeping the user enthusiasm in crypto going. At this rate, it might soon become one of the biggest meme coins around.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
