The crypto market is going through a rough patch, with many investors fearing that this winter might be very long. And I am not talking about the winter from the Game Of Thrones nor the upcoming winter with Europe lacking Russian gas, but the kind one where the crypto market is going down, big time. To protect yourself from the unfortunate loss of your assets, one has to consider the current climate (pun intended) in which the crypto industry resided in the past year.
We are now witnessing an inevitable downfall after 2021, the best crypto year where almost everyone made some money if they were prompt enough. However, the good news is that the bear market will not be here forever. In fact, many analysts believe that making any significant investment should be during turbulent times, not the other way round. In today’s editorial, I welcome you to consider two tokens, Ethereum and Big Eyes Coin, to see whether these can bring you happiness soon. Let’s dive in.
Ethereum: Wounded But Far From Being Dead
If half a year ago, you would ask anyone about the Merge who possesses some basic understanding of the world of crypto, 99% would say that this hard work is destined to make Ethereum great again. Fast-forward to the present moment, Ethereum is underperforming, to say the least. Partly, this is because the whole market is going down, and there is continuous pressure from the SEC, which has officially declared a witch hunt on crypto.
But those two factors alone, although being quite detrimental, were not enough for the price of ETH to plummet after the transition from Proof-of-Work to Proof-of-Stake was successfully completed. I believe what we are witnessing here is a classic misinterpretation of what everyone expected to happen and what was supposed to happen. Like the London hard fork (EIP 1599) did not immediately decrease the gas prices, the Merge will not automatically pump the price of ETH (it would have been very suspicious if it did).
The crypto game is long, and only a very lucky few make a fortune overnight; it is a hard job for the rest of us. But don’t you worry, my dear reader, because the bottom line is that the Merge was a success and will boost ETH’s price, albeit in the long run. In the meantime, I suggest looking into purchasing some ETH, as the current price could be a blessing in disguise.
Big Eyes Coin: Start Second, Finish First
Although Big Eyes Coin is the new kid on the crypto block, this project has the potential to surpass the competition not because it barks loudly, but with the value proposition it offers. Most of the market’s meme coins lack tangible utility and are primarily fueled by the community’s support. They say that beauty is in the eyes of the beholder; well, this principle could be applied for tokens such as Dogecoin or Shiba Inu – without their fanbase, they are nothing.
Big Eyes Coin, however, is a different story, despite its community playing a fundamental role in its development and protecting marine life, which was a nice touch by the project’s founders. Unlike its seamless competition, it offers the holders of its native token BIG multiple opportunities to earn passive income outside the project constraints.
In other words, Big Eyes Coin is trying to build a framework where its NFTs would become a widely acclaimed phenomenon, similar to the one of Bored Ape Yacht Club (BAYC). These unique NFTs will be minted on the Ethereum blockchain and used to access exclusive events held by the community. On top of that, every NFT resold will bring 4% income to the original seller, 5% distributed to holders of BIG tokens, and the remaining 1% to a charity protecting ocean life.
Looking Ahead
During these turbulent times, it might be overwhelming to look at the red graphs and see nothing but despair, but there is a silver lining at the end of the tunnel. The crypto winter won’t rule forever, and fundamental projects like Ethereum will reclaim their rightful place under the sun. So if you are looking for a long-term investment with massive potential, purchasing ETH should be among your priorities.
With Big Eyes Coin, it is a bit more tricky as this is indeed a novel player in the crypto game. However, judging by its value proposition, unique anime-inspired design and comprehensive plan for the release of NFTs, there is a good chance it will join the crypto elite sooner than later. At the time of writing, it has just wrapped up its second presale stage and has only one left to go, so be sure to check it out!
For more information on Big Eyes Coin (BIG), please visit the following links:
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