Crypto

Big Eyes Coin To Compete With Shiba Inu And Floki Inu During Bull Run 2023

Published

2 years ago

April 19, 2023

Big Eyes Coin To Compete With Shiba Inu And Floki Inu During Bull Run 2023

Lately, the world of meme cash has seen an unprecedented surge in recognition, and one cryptocurrency, Dogecoin, has emerged because the frontrunner in 2021. Consequently, many different meme cash, together with Shiba Inu and Floki Inu, have joined the fray to problem Dogecoin’s place and have captured the eye of tens of millions of buyers worldwide. Regardless of this, the most recent addition to the meme coin panorama, Massive Eyes Coin, has raised the query of whether or not it could outshine Shiba Inu or Floki Inu and turn out to be the highest contender.

To discover this subject, this text will delve into the communities backing these crypto initiatives and examine whether or not Floki Inu has what it takes to compete with Shiba Inu. Furthermore, the article will consider Massive Eyes Coin as a probably profitable funding alternative within the upcoming bullish market of 2023/2024.

By taking a better take a look at these meme cash and the crypto communities surrounding them, buyers could make knowledgeable selections relating to their funding methods and capitalize on the cryptocurrency market’s development potential.

The Cryptocurrency That Overtook Dogecoin: Shiba Inu

Shiba Inu, a cryptocurrency that took inspiration from Dogecoin, made its debut in August 2020, and it has achieved outstanding success ever since, reaching a peak market capitalization of $10 billion. The cryptocurrency’s passionate neighborhood is well-known for its enthusiastic assist, which is obvious from the abundance of discussions on social media platforms like Reddit and Twitter relating to the coin’s potential. Furthermore, the neighborhood has organized varied initiatives, together with charitable donations to animal shelters, to display their unwavering dedication to Shiba Inu.

Can Floki Inu’s Success Be Attributed To A Recreation-Altering Technique?

In June 2021, Floki Inu was launched, named after Elon Musk’s Shiba Inu, with the purpose of following within the footsteps of Shiba Inu and changing into the following outstanding meme coin. Like Shiba Inu, the Floki Inu neighborhood is very lively on social media and on-line boards. To advertise its coin, Floki Inu has collaborated with quite a few high-profile influencers, together with Lil Yachty. Nevertheless, the coin’s worth has been extremely risky, dropping by as a lot as 90% at one level.

Nonetheless, Floki Inu’s ecosystem is now operational, with Valhalla serving because the community’s P2E platform. This platform is predicted to spice up the expansion of Floki Inu and generate income for its neighborhood. Regardless of the coin’s fluctuations, the Floki Inu neighborhood stays optimistic concerning the coin’s potential, they usually proceed to interact in lively discussions concerning the coin’s prospects on social media and on-line boards.

Massive Eyes Coin Units Its Sights On Competing With Established Meme Cash

Massive Eyes Coin, the latest entrant to the meme coin frenzy, is scheduled to launch on June third. In contrast to different meme cash, this initiative locations vital emphasis on its neighborhood, with its worth being straight proportional to its members’ backing.

What distinguishes Massive Eyes Coin from its opponents is its emphasis on token utility. The Massive Eyes Crew is dedicated to growing an ecosystem that may assist DApps and DeFi initiatives, giving it the potential to increase past the meme coin area and turn out to be a outstanding participant within the broader cryptocurrency trade.

The feline-themed venture’s presale generated a historic $33 million, and it gives engaging “Loot Packing containers,” with the newest one, END300, offering buyers with 300% extra BIG tokens on their preliminary funding. The group behind Massive Eyes Coin is aiming for the celebs, and it seems doubtless that they’ll obtain vital success.

Big Eyes Coin

The Final Chew

In conclusion, the success of Shiba Inu and Floki Inu might be attributed to their dedicated communities. Nevertheless, the introduction of Massive Eyes Coin has offered a brand new idea for meme cash that locations emphasis on the ecosystem and neighborhood. This method might appeal to a brand new set of buyers. Regardless of being in prelaunch, Massive Eyes Coin has already garnered vital curiosity, and it might be a promising funding alternative for the upcoming bull market in 2023/2024.

Because the cryptocurrency market evolves, it will likely be intriguing to observe the destiny of those cash and their communities within the years forward. For these involved in meme cash or searching for the following massive factor, it will be prudent to keep watch over Massive Eyes Coin. With its token centered across the neighborhood, it has the potential to be a viable funding choice within the close to future.

Discover out extra about Massive Eyes Coin (BIG):

Presale: https://purchase.bigeyes.area/

Web site: https://bigeyes.area/

Telegram: https://t.me/BIGEYESOFFICIAL

Crypto

Trump launches meme coin ahead of inauguration

Published

3 hours ago

January 18, 2025

Press Room

Trump launches meme coin ahead of inauguration

Analysis: Trump plans to take Greenland, Canada, and Panama Canal

On Tuesday, President-elect Trump refused to rule out military action to pursue his unprecedented vow to take Greenland and the Panama Canal — plus absorb Canada. Why has he set his sights on expanding beyond the United States’ borders? Jim discusses that with Jim Zirin of Washington Monthly on “The Final 5.”

President-elect Donald Trump has launched a new meme coin called $TRUMP. He made the announcement in a post on Truth Social post late Friday, describing the cryptocurrency as a celebration of “WINNING” the presidential election.

Analysts say it has the potential to make a lot of money for Trump and his family, but some ethics experts say it’s another effort to cash in on the nation’s highest office.

What is the $TRUMP coin?

The new Trump-backed meme coin is a cryptocurrency token with an image of Trump following his assassination attempt.

It was developed by Solana, a cryptocurrency and blockchain company, with a limited supply of 200 million $TRUMP coins at initial launch. The supply will expand to 1 billion coins over the next three years, the coin’s website states.

The remaining tokens that haven’t been put up for sale yet are owned by the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware on Jan. 7, state filings show. Forbes reports that both companies will receive an undisclosed amount of revenue from the coin trade.

By the numbers:

The price of $TRUMP increased by more than 300% to just below $29 as of 10:15 a.m. ET Saturday. It reached a market cap of $5.81 billion, according to CoinMarketCap data obtained by Forbes.

$TRUMP disclaimer

There’s a disclaimer on the $TRUMP website stating that the token is “not intended to be, or the subject of” an investment opportunity nor a security of any type, and is “not political and has nothing to do with” any political activity or government agency.

RELATED: Millionaire says he’s buried $2M in hidden treasures across the US

Why are meme coins risky?

Dig deeper:

Although all cryptocurrency carries risk, meme coins can be especially risky for traders, an expert told CNBC.

“Meme coins are among the riskiest of cryptocurrencies because they seem to emerge from nowhere and information about them can be sparse,” he says. “They’re expected to soar and plummet as the public sentiment shifts this way and that. Meme coins may capture the public’s fancy today and be gone tomorrow.”

Why are Trump’s meme coins considered unethical?

The other side:

Ethics attorneys called the latest venture by Trump and his family a blatant effort to profiteer from the presidency.

“It is literally cashing in on the presidency — creating a financial instrument so people can transfer money to the president’s family in connection with his office” Adav Noti, executive director of Campaign Legal Center, a nonprofit ethics group, told The New York Times. “It is beyond unprecedented.”

Crypto surges after Trump win

The backstory:

The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Trump when he’s sworn in as president next week.

RELATED: Crypto markets surge after Trump’s election victory

Once a skeptic who said a few years ago that bitcoin ” seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.

His promises including creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his administration.

“You’re going to be very happy with me,” Trump told crypto-enthusiasts at a bitcoin conference last summer.

By the numbers:

According to Forbes, bitcoin hit several new record highs after Trump’s win, surpassing $100,000 within a month of Election Day. Roughly $1.8 trillion was added to the global crypto market’s aggregate market value in 2024, and $1 trillion of that was since Election Day, according to CoinGecko via Forbes.

Other Trump merchandise

Big picture view:

Trump’s meme coin is one of several products he has launched in recent years. He has a line of perfumes and colognes, along with “Trump Watches” celebrating his election win. His pre-win “Trump Watches” were valued up to $100,000 in September, and there was also the debut of $100 silver coins, 1,000 pairs of limited edition sneakers, $60 Trump-branded bibles and NFT cards, according to Forbes. Trump also released a line of signed and unsigned guitars sold at $11,500 and $1,500 each, respectively, for $4.6 million in sales.

Trump has received the bulk of his merchandise revenue through his NFTs, which reportedly earned him about $7.2 million in licensing fees.

Donald J. TrumpMoney

Crypto

Commerce Nominee Lutnick Is Backer of Outlaws’ Favorite Cryptocurrency

Published

10 hours ago

January 18, 2025

Press Room

Commerce Nominee Lutnick Is Backer of Outlaws’ Favorite Cryptocurrency

To the crypto company Tether, the account was identified only by a 31-character string: TTAHMdqoom4f2VTWniroPWQHcTRZ4ca.

It’s a cryptocurrency wallet address, one of more than 300 million around the world that have held Tether tokens and make up a global unregulated payments network. Unlike a bank or fintech company, Tether collects no personal information about most of its users. Anyone can open a crypto wallet and move money with Tether quickly, cheaply and anonymously.

Crypto

Bitcoin enthusiasm rides high as Trump prepares to take presidential office

Published

18 hours ago

January 18, 2025

Press Room

Bitcoin enthusiasm rides high as Trump prepares to take presidential office

Bitcoin adjacent stocks got a substantial lift after the cryptocurrency’s price jumped over $104,000 on Friday.

Bitcoin mining behemoth, Mara Holdings (NASDAQ: MARA) was the biggest and most vocal, climbing by 13 per cent. It was followed closely by Riot Platforms (NASDAQ: RIOT), MicroStrategy Inc (NASDAQ: MSTR) at 7 per cent and Coinbase Global Inc (NASDAQ: COIN) at 5 per cent.

The original cryptocurrency’s good fortunes have been at the behest of Donald Trump’s election victory, based on the optimistic take that the incoming administration will take a more favourable approach to crypto, and Bitcoin in particular.

In December, Trump appointed Paul Atkins to lead the Securities and Exchange Commission. Atkins, who previously served as an SEC commissioner under President George W. Bush, has recently focused on digital assets. He is set to replace Gary Gensler, widely regarded as a crypto critic. Trump will also likely replace several SEC commissioners whose terms are set to expire during his administration.

Furthermore, crypto advocates and holders will soon shape U.S. policy on the emerging technology, following a series of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday.

The crypto industry, after years of battling lawsuits and enforcement actions by the U.S. government, hopes the Trump administration will signal a policy shift. Officials will vet political appointees for potential conflicts, and some appointees have pledged to sell their interests.

The industry will host a sold-out black-tie ball in Washington on Friday, with ticket prices ranging from USD$2,500 to USD$10,000. David Sacks, serving as Trump’s artificial intelligence and crypto czar, plans to attend.

Read more: BlackRock launches Bitcoin ETF in Canada

Read more: Cryptocurrency fugitive Do Kwon extradited to US

Trump’s tenure will be cryptocurrency friendly

The reasons for the optimism surrounding the cryptocurrency’s future don’t necessarily begin and end with Trump either.

The president-elect has filled his inner-circle with a number of different cryptocurrency friendly personalities, most of whom are well-known and well-respected in the space.

Scott Bessent, a billionare hedge fund manager, is Trump’s pick for Treasury Secretary. He has expressed favourable views on cryptocurrency. According to a financial disclosure filed last month, Bessent holds shares in a BlackRock bitcoin exchange-traded fund valued between $250,001 and $500,000.

“Crypto is about freedom and the crypto economy is here to stay,” he said in July. “I think everything is on the table with bitcoin.” ‘

In a letter to the U.S. Treasury last week, Bessent stated he would divest his interests in the fund and other investments within 90 days of his confirmation.

Further, Trump selected Tesla’s chief and the world’s richest man to lead a government cost-cutting initiative called the Department of Government Efficiency (DOGE).

Elon Musk, a longtime advocate for cryptocurrencies like bitcoin and dogecoin, has significantly influenced their prices through his public comments and the actions of his companies. The acronym for Musk’s cost-cutting agency, DOGE, references dogecoin, now the seventh-largest cryptocurrency with a circulation value of $4.5 billion, according to CoinGecko.

In 2021, Tesla purchased $1.5 billion in bitcoin, making it one of the largest companies to invest in cryptocurrency before selling most of its holdings. By September 2024, Tesla reported holding $184 million in unspecified digital assets, according to a financial statement. Musk did not respond to a request for comment via Tesla regarding his personal cryptocurrency holdings.

Read more: Tether Limited sets up first brick and mortar office in El Salvador

Read more: Cryptocurrency fugitive Do Kwon extradited to US

Trump to encourage leadership in crypto

Vice President-elect J.D. Vance held between USD$250,001 and USD$500,000 in bitcoin as of August 2024, according to a financial disclosure.

Vance co-founded the venture capital firm Narya, which has invested in Strive, Ramaswamy’s asset management company, and the video platform Rumble, as indicated on its website. In November, Rumble announced plans to allocate its excess cash reserves to bitcoin. The company also received a USD$775 million investment from stablecoin firm Tether last year.

When asked for comment on the crypto stances of Vance and Trump’s sons, Trump-Vance transition spokesperson Brian Hughes stated—without providing evidence—that bureaucrats in Washington had attempted to stifle innovation with increased regulation and higher taxes.

“President Trump will deliver on his promise to encourage American leadership in crypto and other emerging technologies,” he said in a statement.

Finally, set to collaborate with Musk at DOGE, former presidential candidate and entrepreneur Vivek Ramaswamy is the founder of Strive Asset Management.

Strive reported managing over USD$1 billion in assets as of September, and filed last month to launch an exchange-traded fund (ETF) that invests in corporate bonds for bitcoin investments.

In November, the company launched a wealth management arm aimed at integrating bitcoin into Americans’ investment portfolios, according to a press release from Ramaswamy.

In June 2023, Ramaswamy disclosed holding between $100,001 and $250,000 in bitcoin and between $15,001 and $50,000 in ether, a smaller cryptocurrency.

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