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The cryptocurrency market has had a very turbulent year, enough to convince people outside of the landscape to stay away from cryptocurrencies. The volatilities became evident, crypto institutions fell, and crypto assets worth several billions of dollars collapsed. With this bear market rally, we have seen it all; however, users are still willing to bet on the potential of the Big Eyes (BIG), and Binance.
Big Eyes(BIG) is a new memecoin project on presale, which crypto enthusiasts speculate is the next biggest memecoin the market would see. This is logical considering the project’s strides despite the market’s bearish conditions. It first raised $1 million in its first week of the presale, when the market lacked liquidity. As of the time of writing, Big Eyes(BIG) has raised over $11 million on its presale rounds and is looking to close at higher targets.
Binance is the largest cryptocurrency exchange by far, especially after the FTX collapse. However, its immunity to the situation has further solidified users’ belief in the firm. It is evident in the way BNB, Binance’s native coin, can survive the crossfire between the company and FTX in the days preceding the total FTX crash. Changpeng Zhao, the CEO of Binance, has been very outspoken about having a transparent industry after the crisis that rocked the landscape.
More About Binance
Binance is the largest cryptocurrency exchange in the market and greatly influences most users’ perceptions. The exchange has survived what is considered the toughest scrutiny the company has had in its years of existence. Binance revealed that its client Bitcoin (BTC) reserves are overcollateralized according to reports from international financial audit, tax, and advisory company Mazars. At the assessment time, Mazars reported that Binance controlled in-scope assets over 100% of their total platform liabilities, and the precise proportion was 101%.
Rivals are scrambling to increase the transparency of their financial reserves in response to the collapse of the centralized cryptocurrency exchange FTX due to liquidity problems. Customers were to be reassured by the Mazars report that their bitcoin was collateralized, was on the blockchain, and was within Binance’s control. Later in the same week, Crypto.com also released a report from the same auditing firm, revealing that all client assets are fully backed. Users have continued to trust Binance and products from the company, like the Binance Coin(BNB), BUSD, the third-largest stablecoin, and several other offerings the company is involved in.
Big Eyes(BIG)
Big Eyes Coin (BIG) is a new Ethereum-based project that has gained massive followership on social media as more people continue to buy into its interesting narratives. The memecoin project is taking a unique approach to the market using cat memes. Big Eyes will be one of the first iterations of the cat memes, and it hopes to inspire other emerging projects to join the cat family.
Despite adopting some impressive templates from the preceding tokens, it has presented itself as a rival to dog meme tokens like Dogecoin (DOGE) and Shiba Inu (SHIB). Big Eyes Coin is looking to utilize DeFi to its fullest potential to help create wealth for its community members. The project also aims to create other utilities cutting across NFTs, gaming, and the metaverse to continue to enable avenues for community fun and vibes. These utilities will serve the larger memecoin landscape and help holders make some profits; however, early investors will be the biggest winners.
Big Eyes is selling fast on presale and poses a chance for early buyers to make massive profits when the token launches. Join the presale of the next biggest memecoin here now and secure some profit for yourself. If you like this project, there is a good chance of winning some free tokens with this promo code BIGG0585 when purchasing a BIG token. Happy trading!
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
