As the world is changing rapidly, cryptocurrency adoption is increasing at a healthy rate. However, the world’s acceptance of meme coins has been relatively slower than other utility cryptocurrencies.
While the underlying blockchain technology is somewhat similar, traders are skeptical that the meme coins are only placeholders for profit-hogging. This is why public acceptance of both emerging and established meme coins needs to increase.
Moreover, if any type of cryptocurrency can reap profits in a bear market like the current one, it’s the meme coins with incredible community strength. Therefore, we bring you Big Eyes Coin (BIG), an emerging cryptocurrency expected to disrupt the meme coins space.
Despite seeing red flags all around, token holders are still very much interested in flowing their money in the markets, which is a positive sign for meme coins. Meme coins attract an audience based on flashy branding and highly emotional community-related utility.
The branding usually consists of a viral internet trend dipped with humor and cuteness. This works as the defining USP for the token. Some mainstream meme cryptocurrencies include Dogecoin (DOGE) and Shiba Inu (SHIB). Following the footsteps of established giants such as these, Big Eyes Coin is also eyeing an easy yet defining entry into the decentralized world of meme coins.
Big Eyes Coin (BIG) Could Hit $50 Million
Many meme coins don’t have a specific utility that deserves a great deal of attention. However, meme coin space leaders, Dogecoin & Shiba Inu, show us that particular projects work for the betterment and support of their communities.
Big Eyes Coin is a project similar to this intensity, where the meme coin has a dedicated goal to save the oceans. Big Eyes Coin is willing to dedicate 5% of its total supply of tokens to the way of nature’s reinstatement and rehabilitation.
Big Eyes Coin comes forward as a genuinely utility-specific token with a straightforward motive of strengthening nature. In the process, the project’s team aims to develop a long-standing reputation in the decentralized systems’ ecosystem.
Big Eyes Coin is on a mission to generate hype about marine safety and how our actions have harmed our oceans. It is high time we pay attention to the preservation and protection of our oceans to ensure there is no escalation in the harm. Due to the importance of the cause, the team is hopeful that they will provide dedicated benefits to the community supporting them in their initial stages.
Since meme coin publicity is primarily driven by their mascot’s appearance on the internet, Big Eyes is not only the official name of the cryptocurrency but also the crypto project’s mascot. Moreover, we have news that the project is expected to introduce various merchandise options and comic series. It will revolve around their mascot to generate hype about their token.
Discounts On Fees When You Pay With BNB
The advent of the Binance Coin was because of the need for a utility token that could be dealt with as a base currency for discounted trading fees on Binance’s DEX.
Since 2017, the token has only increased in importance due to its widespread use on Binance’s official trading platform. Over the years, cryptocurrency has widened its horizons by engulfing multiple utilities within its umbrella. Let’s go through some of them below.
Uses of BNB
Merchant Payments
Merchants worldwide are instilling their interest in Binance’s base currency to receive payment from their customers with a new crypto payment method.
Trading
First and foremost, BNB is open for trading in BTC and multiple FIAT cryptocurrency pairs to ensure you can trade and generate profits from it on a handful of exchanges.
Travel Bookings
Many emerging and established booking websites have shown great support for crypto payments and accept BNB as a valid payment method.
Transaction Fees
The primary utility of the Binance Coin was to act as an intermediary token that would serve as a discounted trading currency option on the Binance Exchange.
Burning Process – Binance Coin
Coin burning is a concept prevalent in the crypto world. Many cryptocurrencies have dedicated plans for managing their coin supply over a specific period by burning their original supply.
Creating scarcity in the actual supply only results in price escalation, as a reduction in supply is directly proportional to an increase in demand. As per Binance’s policy, the utility token has a system of rebuying its Binance Coins by using 20% of its quarterly profits.
This results in the permanent destruction of the rebought tokens. As per Binance’s team, the utility token will continue to receive quarterly burns until it succeeds in reducing the token’s total supply to half, i.e., 100 million BNB. Eventually, it will result in the escalation of the Binance Coin’s value.
Where to Buy BNB?
BNB can be purchased from several exchanges that are active around the world. If you are a resident of the United States, your options are only limited to the renowned crypto exchanges allowed by the Securities and Exchange Commission.
Some of the most common options include Coinbase and Binance. However, for residents outside the U.S., there are several options other than the two mentioned above, including KuCoin, Huobi Global, Kraken, etc.
Litecoin (LTC)
Among many cryptocurrencies that were formed as a subsequent currency of the Bitcoin blockchain, Litecoin is one of the most senior cryptocurrencies. It came out in 2011 with the initial problem statement that Bitcoin was losing its meaning of decentralization.
Due to this issue, developers forked a different cryptocurrency to ensure that the true definition of decentralization doesn’t get lost. Moreover, due to a successful fork, the cryptocurrency became a welcoming platform for large-scale mining firms. This allowed LTC to take the lead in the mining world.
Understanding the Structure of Litecoin (LTC)
As mentioned earlier, Litecoin’s primary motive was to ensure that there was no centralized system moderating the blockchain system. The movement to defeat enterprise-sized miners by converting the decentralized systems into centralized control centers became successful as LTC introduced a unique encryption method.
To become a Litecoin miner, you must prepare ASIC miner machines like those required for mining Bitcoin. You can then easily store the transaction information within the blockchain block and process it for verification.
Where to Buy Litecoin?
Litecoin is one of the most popular and mainstream cryptocurrencies due to its wide range of utilities. It can be available for trading on various cryptocurrency exchanges. This makes it easier for customers to add the currency as a valuable asset to their portfolio.
For both types of crypto enthusiasts residing in the United States or not, options like Binance and Coinbase are the easiest exchanges. These marketplaces easily allow investors to get their hands on Litecoin. However, if they are unavailable in your region, you could also explore exchanges like KuCoin, Huobi Global, etc.
To Summarize
The world has always been on the mocking end whenever there has been a discussion about meme coins. Hence meme coins haven’t been able to stamp their authority among the mainstream utility cryptocurrencies in the global market.
However, with emerging cryptocurrencies like Big Eyes Coin and established currencies like Dogecoin and Shiba Inu, meme coins are finally getting the importance and value they deserve. Hence, our recommendation of Big Eyes Coin as a potentially fruitful option for your portfolio.
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