Dogecoin Recovers from The Musk Dip, Shiba Inu Set To Launch Shibarium, While Big Eyes Coin Gives Early Users The Purr-fect Reward: Free SushiCrew NFTs
The collapse of three major banks- Silvergate, Silicon Valley and Signature Bank caused an upheaval in the cryptocurrency market. The demand for the United States government bonds saw a rise while the yield on the 2 year Treasury tumbled to 4.06%, a fall of 100 basis points since March 8. Among this mayhem it is an encouraging sign to see the meme coins Dogecoin (DOGE), Shiba Inu (SHIB) and the new Big eyes Coin (BIG) leading crypto recovery from the front.
Dogecoin Shows a Recovery Graph Post Last Week’s Dip
Dogecoin (DOGE) went up from $0.06 on March 10 to $0.077 on March 14. The price has increased by 7.29% over the past 24 hours. It has broken the resistance at $0.07072.
Dogecoin had suffered a major dip after Dogefather Elon Musk had tweeted that his interest is shifting from cryptocurrency towards Artificial Intelligence. DOGE’s popularity was mainly because of the support of celebrities like Musk and Snoop Dog who were quite vocal in their adoration of the meme coin. However, one tweet by Elon Musk caused ripples in the otherwise smooth waters of this dog coin.
This week as most of the Altcoins are trading in the green, the meme coins also have seen a recovery. The meme cryptos are witnessing a gain of 3.02% in the last 24 hours, making the market cap jump to 16.38 billion USD. The trading volume has jumped by 73.13% showing that the investors are regaining faith in the market.
Shiba Inu To Launch Layer 2 Blockchain Shibarium
Shiba Inu’s Layer 2 Blockchain Shibarium is set to launch in May 2023. The blockchain is designed to address the shortcomings of the meme coin’s host chain Ethereum. The Ethereum blockchain suffers from low speed and high transaction cost which will be taken care of by Shibarium.
On March 11, Kusama announced the launch of PuppyNet, the Beta version of the Shibarium Network. Shibarium is a layer 2 blockchain that allows users to build DApps and integrate into IRL businesses. It is cost effective, burns SHIBs in the process. $SHIB token saw a price rise of 3.60% in the last 24 hours. PuppyNet success would further cause a significant increase in the coming days.
Big eyes Coin Launches SushiCrew NFT
Big eyes Coin (BIG)’s initial coin offering (ICO) is showing a remarkable upward graph. In stage 12 of ICO, it has already raised a whopping $31.55 million. The meme coin is not only unique cat themed crypto but also different in terms of its love for its community.
Big Eyes Coin has throughout its presale come up with promo codes, launch codes, Loot boxes and Vault Pins to make sure the members can reap maximum benefits from the ongoing presale. The current Vault Pin 300 is the biggest offer any presale has even seen. By using it at the time of the purchase, the buyer receives 300% extra free Loot Boxes on buying a minimum of $100 BIG tokens or Loot Boxes.
Another Big News is the launch of SushiCrew NFT. Big Eyes Coin announced a huge reward for the early supporters of the meme coin. Investors who bought BIG during stage 1-3 of the presale are whitelisted to mint free NFTs. SushiCrew is going to be the Purr-fect reward for the kitty cuddlers.
Big Eyes Coin (BIG)
The post Dogecoin Recovers from The Musk Dip, Shiba Inu Set To Launch Shibarium, While Big Eyes Coin Gives Early Users The Purr-fect Reward: Free SushiCrew NFTs appeared first on Analytics Insight.