A recent tweet by billionaire and Twitter CEO Elon Musk has sent shockwaves across the cryptocurrency industry, especially meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB). Musk, who is a strong advocate of cryptocurrency, even suggested accepting crypto as payment on Twitter. However, a tweet by Musk has suggested that he is likely to leave crypto behind and move on to Artificial Intelligence.
The bearish tweet on crypto by Musk immediately impacted Dogecoin and Shiba Inu, given the billionaire's endorsements for the two meme tokens over the years. The recent twist comes after months of scrutiny on the crypto industry with the FTX crash, US Security and Exchange Commission's crackdown on Binance USD (BUSD), Kraken's staking-as-a-service, and doubts over crypto-friendly bank Silvergate Capital's future operations. While a sense of uncertainty clouds the crypto industry, it opens new opportunities for new currencies like Big Eyes Coin (BIG) to make a breakthrough in the ranks.
Dogecoin (DOGE), the first-ever meme token in cryptocurrency, soared to popularity in 2021 after Elon Musk began tweeting about the token. Musk's tweet about AI, as opposed to crypto, caught DOGE holders by surprise, contributing further to its price dip.
Dogecoin's price has dipped by 8.59% over the past week to trade at $0.07392 and declined further by 2.08% in the last 24 hours. DOGE was trading healthily at a high of $0.08274 last week before it slumped to $0.0731 a few days later.
Shiba Inu (SHIB), referred to as the "Dogecoin Killer", shared similar woes to its rival Dogecoin by Elon Musk's tweet as its price continued its weekly downward trend of 12.59%. At the time of writing, Shiba Inu was trading at $0.00001104 while indicating a 1.33% drop in the past 24 hours.
SHIB users did, however, receive some positive news after Shiba Inu's pseudonymous lead developer Shyoshi Kusama hinted at the progress of the layer-2 project Shibarium. While updating his Twitter bio, Kusama mentioned that ShibaSwap is the only official decentralized exchange (DEX) for the SHIB and Shibarium ecosystem.
Big Eyes Coin (BIG) is a new ERC-20 meme token that is in its presale stage and has become the most successful presale in the last two years in the crypto industry. Big Eyes Coin is built on the Ethereum Network and has been KYC certified by CoinSniper, and has its smart contract fully audited by Solidarity Finance.
The project relies on the Proof-of-Stake (PoS) consensus algorithm to validate transactions, thereby reducing blockchain energy requirements by eliminating crypto mining used by Bitcoin's Proof-of-Work. The meme token also maintains a visible wallet that will hold 5% of its total token supply to be donated to several ocean-saving charities.
Big Eyes Coin has been a success at every campaign and offers they have had. Its latest feature, Loot Boxes offers its users massive prizes as well; the loot boxes can be found during gameplay, earned as a reward, or paid for with real money. The biggest and most recent loot box drop is Excali-Paw Master Chest which costs $10,000 to open and contains prizes ranging from $10,000 to a whopping $1 million worth of BIG tokens.
The Cute Box costs $100 to open, with a maximum prize of $5000 worth of BIG tokens. The Kitty Vault carries a maximum prize of $25,000 worth of BIG tokens for $500 to open, and the Super Saiyan Box, which costs $1000 to open, carries the ultimate prize of $100,000 worth of BIG tokens. The loot boxes will only last during the presale stage; Big Eyes Coin is in stage 12 of its presale and will go live after 15 stages. Buyers will not lose any money opening a loot box as the results are always randomized, and at the minimum, users will always get their money back.
Now in stage 12, Big Eyes Coin has raised more than $31 million in presale tokens and will go live when it raises $50 million at the end of stage 15. A BIG token is worth $0.00049, and buyers have as little as three stages left to buy their BIG token at a discounted rate before it increases at the next stage.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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