A Month for Memes: The Winners and Losers Between Shiba Inu, Big Eyes Coin, and Floki Inu

This month has been full of wins for the meme-loving community. The king of irreverent social media posting, Elon Musk, recently acquired internet discourse giant Twitter for approximately $44B. Right after this purchase, Musk promptly fired Twitter's Chief Financial Officer (CFO), Chief Executive Officer (CEO), as well as the department heads of Twitter's Legal and General Counsel.

Not only did this rapid succession of events lead to a deluge of memes, shared primarily on Twitter itself, but it also reinvigorated Musk's huge online following, who have been celebrating with what they know best this past week: memes. Check the comments on any of Musk's posts from the past few days, and you'll see how creative, and how crazy, people are going.

To commemorate this historic time for internet dialogue, let's check in with three meme coins available in today's cryptocurrency economy. We'll examine the state of the good, the bad, and the ugly: Big Eyes Coin (BIG), Floki Inu (FLOKI), and Shiba Inu (SHIB).

The Good: Big Eyes Coin

Big Eyes Coin (BIG) is definitely coming away from this meme-drenched month as one of the cryptocurrency winners. This meme coin is making its entrance to the worldwide crypto stage at the perfect time, with memes rampant on social media and the king of meme currencies, Elon Musk, in the ascendancy with the recent successful takeover of Twitter.

This currency is still yet to fully launch on all its targeted exchanges, so the best metric we can use to analyse its success and profit margins is its presale phase. Things are going well: Big Eyes Coin's (BIG) presale has secured $9.2M already, and this figure is still steadily rising. Its presale will likely exceed $10M, or even $20M when all is said and done.

With a 2-year initial liquidity lock, a charitable commitment of 5% of total tokens, and 80% of tokens available to the community at launch, it's no surprise that this coin is taking off in this Month of Memes.

The Bad: Floki Inu

Floki Inu (FLOKI) is a token that was developed as a copycat of prior meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). There's nothing wrong with this fact in and of itself, but it would seem that Floki Inu (FLOKI) has suffered from a slow development cycle, with not enough progress being made to really excite investors.

While the team behind FLOKI certainly promised a raft of cool features and use cases, few have come to fruition. The four 'Flagship Utility Projects' of Floki Inu (FLOKI) include:

• An educational platform called 'The University of Floki,' which is only in its alpha phase of development
• A collection of DeFi projects and features, sharing the umbrella of 'FlokiFi.' These projects are all in various states of pre-release.
• An NFT and Blockchain-fuelled gaming metaverse called 'Valhalla.' While some initial functions and features have been designed, the game has yet to fully launch.
• An online marketplace called 'FlokiPlaces,' where physical merchandise can be bought, as well as NFTs. This is also still in development with no release date yet attached.

As we can see from the examples above, it feels as though Floki Inu (FLOKI) as a platform is just a bit undercooked. Almost all of its defining features and projects are still under development.

This under-construction state of being has harmed the value and growth of Floki Inu (FLOKI). At the time of writing, the coin was worth $0.000009891. The value trajectory of this token is an ugly picture over one year – it's solidly in the red, and a recent rally in the past week has barely made a dent in the extreme losses the currency has suffered.

Until these features and projects debut, it's difficult to recommend Floki Inu (FLOKI). Hold off on investing in this one for now.

The Ugly: Shiba Inu

Shiba Inu (SHIB) was founded to be a counterpart to Dogecoin (DOGE). Contrary to Dogecoin's (DOGE) use of its Srypt algorithm to mine DOGE, the team behind Shiba Inu (SHIB) wished to provide an alternative for the market that was based on Ethereum (ETH) but still retained the meme-friendly power of its predecessor.

Initially, this strategy seemed to be working like a charm: in the wake of huge surges in value for Dogecoin (DOGE), Shiba Inu's value exploded after its launch and continued to rally as it was listed on further exchanges, such as the Mexican exchange Bitso, and the Korean platform Korbit.

However, despite launching an NFT marketplace, multiple associated tokens to support the SHIB ecosystem, and the introduction of a unifying platform, ShibaSwap, this coin hasn't managed to recover strongly from the crash of 2021, which wiped out a huge amount of Shiba Inu's (SHIB) value.

While this platform is certainly offering a lot more substance than its fellow meme token Floki Inu (FLOKI), it's difficult to see how much more effort from the developers will be needed to really turn things around for Shiba Inu (SHIB). It may simply be dead in the water.

Closing Thoughts

Memes have been the real winners this month, but hopefully, the above insights have given you some extra confidence as to where you should put your money if you plan to take on any assets soon.

Investing in meme coins can be just as fun as making memes yourself, or enjoying those that your online communities make. Just make sure you do your own research, invest smart and safe – and don't fall for the memes too hard!

Fancy getting your hands on some Big Eyes Coin (BIG) for yourself? Then check out the links below. You can also claim bonus tokens in the ongoing presale when you use the code: BIG190

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin