Big Eyes Coin just unleashed some purrfectly exciting news for all its Kitty Cuddlers — something they’ve all been waiting for. While things are heating up for the feline-inspired cryptocurrency, Polygon’s 20-week EMA gives off bearish vibes. Is it time for the solid crypto to relinquish its throne, making way for a new ruler like Arbitrum.
Polygon’s Price Action
The lawsuit against CZ, NBA star Jimmy Butler, and other crypto influencers for trading violations made the markets dip slightly. As per crypto leaderboards and charts, Polygon (MATIC) has been holding tight to the 20-day EMA ($1.11) for the past few days, which suggests that every minor dip is being bought. Over the past 20 days, it’s been on a rollercoaster ride, hitting a high of $1.24 and a low of $1.03 — a drop of about 7.3%.
Further, crypto analysts suggest MATIC’s price prediction. They believe the pressure to sell is easing as the 20-day EMA is flattening out, and the RSI is just below the midpoint. If the buyers return strong and push the price over the $1.15 resistance, the overhead resistance zone between $1.25 and $1.30 of the MATIC/USDT pair could rally.
However, if bulls can’t keep it above the 20-day EMA, it’s an indicator of bears holding their ground to keep the level. To take control, the sellers must knock the price down below $0.97 (200-day SMA).
At the time of writing, MATIC was trading at $1.11. With the bearish signals of MATIC, can this be a sign that a fresher altcoin can replace its spot?
Arbitrum — New Crypto in Town
Arbitrum might sound like a cool new gadget from the future, but it’s a Layer 2 blockchain scaling solution for Ethereum. Think of it as a turbo boost for Ethereum — it’s faster, more scalable, and more cost-effective.
Arbitrum stands out because of its use of optimistic rollups, which offers ARB investors greater compatibility, scalability, flexibility, and decentralization for their crypto investments. They have a whole ecosystem of DApps, wallets, tools, and partners to back it up.
And remember their impressive TVL, which peaked at $3.2 billion in November 2021. So, Arbitrum is a real contender in blockchain technology.
Big Eyes Coin’ Purrfect News: NFTs!
Amid the MATIC vs Arbitrum battle, Big Eyes Coin remains calm, albeit impressive!
This feline meme player drops the most purrfect news: Big Eyes Coin (BIG) is nearly pawing its way to $33 million in presale funds (just over $25,000 shy, people!), and they’re not done yet! With their 12th phase of presale currently underway, the sky’s the limit for this feline-inspired meme token.
One of the main reasons for BIG’s success is the recent release of their BULLRUN250. This fur-tastic deal offers Kitty Cuddlers a whopping 250% bonus when they purchase $BIG tokens or loot boxes — available for a
Be Part of the BIG Fam!
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
