The “Shanghai” upgrade on the Ethereum (ETH) blockchain by Shiba Inu (SHIB) aims to teach Dogecoin (DOGE) new tricks, but a cat, Big Eyes Coin (BIG), is emerging as an unlikely competitor in the market, attracting many investors.
Big Eyes Coin (BIG), a new currency, embodies the qualities of its adorable mascot, Big Eyes the Cat, and is gaining attention among traders due to its remarkable determination and capacity to observe before taking action and appeal to the meme coin community. As a result, BIG provides an exciting alternative for traders to consider during the upcoming bull run.
Empty Threats Of Canines
Elon Musk’s unwavering support for Dogecoin (DOGE) has the potential to take the cryptocurrency to new heights during the ongoing bull market. By showcasing Kabosu, the Shiba Inu behind the “Doge” meme and inspiration for Dogecoin, on his Twitter logo, Musk helped increase the value of DOGE by 16%, marking the highest it’s been in six months. Musk’s endorsement is a powerful force in the crypto world, with his tweets potentially contributing to DOGE’s upward momentum. Many in the community are eagerly anticipating Musk’s next move, wondering if DOGE will be at the forefront of the next meme coin craze. After the Twitter logo was changed back to its original blue bird, the value of DOGE has started to decline once more. This suggests that the meme coin community has potentially shifted its focus to the next major opportunity.
The Battle for Dominance: Predicting Crypto’s Alpha Currency
Shiba Inu (SHIB) and Dogecoin (DOGE) are engaged in a heated dogfight within the cryptocurrency market, with SHIB yet to surpass DOGE’s price. As an Ethereum (ETH) blockchain-based currency, SHIB operates using proof of stake technology, which has the potential to surpass the proof of work algorithms that have traditionally dominated the market through Bitcoin (BTC). In comparison, DOGE operates on its blockchain using a proof of work system. However, DOGE’s reliance on proof of work threatens to become obsolete in the face of eco-friendly proof of stake systems. Despite this, DOGE remains more popular and active, owing to its longer establishment and larger user base, while SHIB has yet to achieve the same level of success.
Feline Fine: Big Eyes Coin’s Potential to Shake Up the Cryptocurrency World
The involvement of Elon Musk in promoting Dogecoin (DOGE) has both positive and negative consequences for the cryptocurrency. While Musk’s influence on popular culture has a significant impact on the crypto market, relying on a controversial figure to determine value could hurt DOGE if Musk loses favor with the public. Unlike DOGE, meme coins such as SHIB and Big Eyes Coin (BIG) have avoided this dilemma by recognizing that mass appeal is the key to success. As a result, they have attempted to engage a broader audience, avoiding the potential for value-damaging controversies. Additionally, BIG has taken a proactive stance by choosing proof of stake over proof of work, recognizing the possibility of the latter’s decline and the growing concerns around carbon emissions in the crypto industry. This forward-thinking approach, established during the presale stage (ending on June 3rd), demonstrates that Big Eyes Coin is well-equipped to navigate changes in popular opinion, making it a promising investment opportunity for everyone from cat enthusiasts to crypto experts.
The ongoing battle between Shiba Inu and Dogecoin is far from over, and it is difficult to predict the impact that Elon Musk or the wider meme coin community will have on their value in the future. Nevertheless, it’s crucial not to overlook the emerging Big Eyes Coin, a scrappy little kitten that’s making its way up the ranks. Could this newcomer tame the two dominant hounds of the market? Only time will tell.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
