The past year has been a greatly eventful one for the crypto market, albeit devastating, but not as eventful as the past few months. At the end of last February, the avalanche effect from the crypto winter led Sivergate and Silicon Valley Banks to suffer immense losses and shut down operations.
This made investors redirect their capital into the crypto market because it could provide added security. Because of this, Bitcoin saw a boom practically overnight from $22 000 to $28 000.
Ripple has been under scrutiny by the US Securities and Exchange Commission (SEC) because the Commission views them as commodities and believes they should be traded as such, leading to a lawsuit being filed against Ripple, which Ripple is optimistic to win.
Big Eyes Coin continues to give its users incredible rewards, most recently through its 250% bonus. In addition, they are inching closer to their $50 million goal, collecting $33 million in presale so far.
Bitcoin Rally After Bank Collapse
Following the collapse of key crypto funding banks in late February and early March 2023, the market saw a massive downturn in the value of many coins quickly followed by a surge in value and usage.
Bitcoin fell from its $22 000 threshold to just over $19 000, but after some recovery was shown following the collapse, the crypto giant has experienced a significant bull run. It has successfully achieved a much anticipated $28 000 threshold, which investors have been very pleased with.
The effect of this has made it likely for the coin to possibly break its $30 million threshold if it continues on its current trajectory.
Crypto analysts speculate that if the coin should continue growing at its current rate, it could potentially once again reach its previous value of $64 000, or even surpass this and reach a $100 000 milestone.
Ripple Optimism Soars Price
Ripple prices soared over 20% since the news of a possible ruling in the Ripple lawsuit surfaced in which the coin is likely to take home a win. This has put the platform in the running to hit its $1 mark if the hype continues.
The price elevation is speculated to be because of the increase in XRP token trading in South Korea, which subsequently led top Korean exchanges like UpBit (18% XRP trading), Bithumb ( 37% XRP trading), and Korbit (50% XRP trading) to hit billions of dollars.
It is reported that this upsurge of trading is due to the possibility of XRP soon being classified as a commodity by the US Commodity Futures Trading Commission (CFTC) as mentioned in the hearing and due to this, it could weaken the SEC case, giving the win to Ripple.
Should this happen, Ripple will be highly valued as it will become more accessible in major markets given its commodity status and the potential to reward superior returns.
As the case develops Ripple could potentially reach a $1 benchmark at the end, producing excellent outputs for both the investor and the platform itself.
Big Eyes Coin’s Big Rewards
One of the most interesting coins on the market following Dogecoin and Shiba Inu is Big Eyes Coin, which brings users a fresh concept of small investment and big returns. The coin has many unique features including NFTs, Loot Boxes, and an interesting charity pledge.
The platform has already reached $33 million of the $50 million goal, which is creating excitement within the community as it puts its investors much closer to their returns.
Big Eyes Coin gives users loot boxes that are valued between $10 and $10 000 and which could potentially return between $500 and $1 million depending on which box they choose to put their faith in. Users simply need to enter the code BULLRUN250 and unlock these rewards. Big Eyes coin allows users access to their NFT collection named Big Eyes Loot NFTs which they can collect, mint, and trade to gain returns before the launch, thereby giving them more incentive to invest in the coin.
Their charity initiative is one of a kind because they pledge 5% of their total earnings to ocean conservation establishments. This allows investors to add some eco-friendly investments to their portfolios.
What’s Next?
The SEC vs. Ripple lawsuit is extremely positive for the platform and displays the strength of cryptocurrency, especially communicating that it cannot be deterred by regulatory bodies. This event could be a testament to how independent the DeFi space is and hence draw more people to it.
In the case of Ripple, the days leading up to the end of the case will likely prove very advantageous and prosperous for the token, pushing them up to the $1 mark.
For More On Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
