Is Crypto Recovering? Cardano and Ethereum Set to Rise and Big Eyes Coin Enjoys Impressive Presale
The US banking sector has had a stressful week, and crypto took a hit in the aftermath. The fallout from Silicon Valley Bank and crypto-friendly banks Silvergate and Signature had a negative impact on the cryptocurrency market. Established coins, Cardano (ADA) and Ethereum (ETH), have managed to come back from the fallout and regain some of their value. Big Eyes Coin (BIG), on the other hand, was unaffected by the chaos and managed to continue enjoying one of the most successful presale periods in crypto history.
Many financial institutions fell last week after the tightening of US regulatory laws. The collapse initially raised concerns about the ability of digital asset firms to establish banking partnerships. However, the fall of Silicon Valley Bank has led analysts to believe that the federal reserve will be more lenient with raising interest rates. As the market reconsidered its expectations of future rate hikes, crypto prices rose at the start of this week.
Cardano: Impressive Scalability and Sustainability
Cardano is a third-generation blockchain platform that was developed to be a more efficient and sustainable ecosystem. The platform is used for the creation of decentralised applications (DApps) and smart contracts. Cardano uses a proof-of-stake mechanism and has gained popularity for its approach to scalability, security and governance. It has gained momentum in the last few years in particular, and developers flock to the platform to build dApps and smart contracts.
Cardano is currently trading at $0.3374 with a market capitalisation of $11.75 billion. The coin is currently up by 6.08% this week, and analysts predict further positive growth in 2023.
Ethereum: Powering Smart Contracts
Ethereum is currently the second-largest coin in the market and the leading platform for smart contracts. As the second largest coin, Ethereum is always affected by movement in the financial market. Ethereum is performing well as the crypto market begins to surge again.
Ethereum recently hit a low of $1,379 but has now recovered to $1,645.21 with a market capitalisation of $201.41 billion. This could show a bullish sentiment for Ethereum, as the coin is already up 6.23% this week.
Make BIG Rewards With Big Eyes Coin
The crypto market has had a chaotic few weeks, but this has not stopped the momentum for Big Eyes Coin. BIG is still in presale but has raised $31.61 million so far. While the coin is yet to launch, it is already showing signs that it could be a hit once it does.
Investors are rushing to Big Eyes for its unique features. Big Eyes Coin has a strong focus on community and generating the most wealth possible for the community. As part of the presale, Big Eyes has launched a collection of loot boxes with the opportunity to make impressive returns on your investments.
Big Eyes has four tiers of loot boxes, including the $100 Cute Box with a maximum prize of $5k, the $500 Kitty Vault with a maximum prize of $25k, the $1000 Super Saiyan Box with a maximum price of $100k and finally the Excali-Paw Master Chest with the maximum prize of $1 million!
On top of that, for a very limited time, Big Eyes are giving buyers who spend over $100 on BIG three loot boxes when they use the vault code ‘300’.
The coin also has a solid plan to generate wealth. One avenue is NFTs. These NFTs will feature cute cats, and holders will be able to sell and trade them for BIG and other ERC20 tokens. Big Eyes have also just announced that members of the community who bought at the very start in stages 1-3 of the presale would be put on a whitelist and be able to mint their NFTs for free!
To find out more about Big Eyes Coin (BIG):
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