For the first time since June 2022, Bitcoin (BTC) has broken $30,000 and Ethereum (ETH) is looking to follow suit and break $2,000 which indicates that we are once again in a bull market. With the last bull market being the longest-lasting in history, many investors are keen to become involved in alternative cryptocurrencies, keeping a close eye on those due to be launched in the coming months. Big Eyes Coin (BIG) is one such example, with their presale figures reaching a promising $33.55 million, and as their presale-end date has been officially announced as the 3rd of June, the race is on to buy into this exciting new coin with the potential to rise to the heights of previously established currencies like Bitcoin (BTC) and Ethereum (ETH).
Bitcoin (BTC) in Bull Market
Since the beginning of 2023, the value of Bitcoin (BTC) has risen by over 70%, dominating the market and operating as a microcosm of the wider trends of all cryptocurrencies. As a well-established currency, BTC offers a level of security for its investors, but with the value now rising above $30,000 it has become prohibitively expensive to buy into. The prospect of Bitcoin halving means that the demand for this currency will continue to increase, and the rest of the crypto market will join in this increasing demand, and continue to contribute to the growing bull market that we are in.
“Shanghai” Update Revolutionising Ethereum (ETH)
Ethereum (ETH) has not yet reached the dizzying heights of BTC, but with a rise in value of around 50% since the beginning of 2023 it appears that ETH, as well as many other coins, are following these clear trends of increase in value within the market. With the coming “Shanghai” update, ETH will cease to operate under a proof-of-work (PoW) mining system, and move to proof-of-stake (PoS), meaning that the mining system used by BTC currently has been discarded in favour of a more environmentally friendly raffle-like system. With this, demand, and subsequently value, will likely rise and further accelerate the rate of growth within the wider crypto market.
Big Eyes Coin (BIG) Presale Stage End Rapidly Approaching
As BTC and ETH continue to dominate the market, many traders are looking to invest in newcomers such as Big Eyes Coin (BIG), who have just officially announced their presale-end date of the 3rd of June. The presale of BIG has raised an impressive $33.55 million, and with the window to invest during this presale stage quickly diminishing, demand is likely to rise in line with the rest of the crypto market over the coming weeks. The interest and excitement surrounding BIG is palpable, and investors have been able to recognise the potential of the coin. The fact that 80% of the currency will be available to the community at launch means that the accessibility of this far outweighs other currencies, such as BTC and ETH.
While BTC and ETH are the driving force behind the new bull market in crypto, many other currencies will benefit from these trends. Investing in coins like BIG before they reach the market through presale means that traders are able to jump on this before it becomes inaccessible, and ride this currently limitless wave upwards to join those who invested in BTC early at the top.
Big Eyes Coin (BIG)
Website: https://bigeyes.space
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
