The cryptocurrency circus is down on the road, and many experts are predicting where it's going. The year 2023 has been a particularly volatile time for crypto due to the Signature, Silvergate, and Silicon Valley Bank collapse and coins like FTX and XRP getting slapped with lawsuits. Regardless, investors remain optimistic about the future of crypto.
The market is constantly changing, and new developments are happening all the time. In this article, we'll take a look at big news from OKB, as well as examine the current state of the two popular meme coins, Shiba Inu and Big Eyes Coins.
InvestorsObserver has given OKB a Neutral rating, but that hasn't stopped the digital asset from climbing up 2.45% to $46.77. InvestorsObserver's Sentiment Score measured the token's performance through price and volume movement.
OKB is a cryptocurrency released by the OK Blockchain Foundation and OKEx, one of the world's largest cryptocurrency exchanges. OKEx has its own cloud mining service and focuses on providing options trading for users.
OKB is the utility token that unlocks all of OKEx's special features. The token is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB.
Shiba Inu Trading Volume Takes a Nose Dive
Concerning news for the SHIBArmy – the Shiba Inu coin is experiencing a significant drop in trading volume, hitting a low that hasn't been seen in four months.
According to a market report from U.Today, the market's overall inactivity may be to blame for Shiba Inu's struggle to build momentum.
Created in August 2020, Shiba Inu aimed to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. It was even dubbed 'the Dogecoin killer' at one point. Shiba Inu has expanded into other areas since then, with an NFT collection, metaverse ventures, and a collectible card mobile game.
It's not all doom and gloom for meme coin lovers. The kitty-themed Big Eyes Coin has recently been on a roll, raising more than $34 million in its final presale stage. This cuddly kitty cat has a lot going for it too! Its adorable imagery, commitment to charity, expansion into NFTs, love for the community, and implementation of loot boxes have made Big Eyes Coin appealing to many investors.
In anticipation of its imminent launch, Big Eyes Coin is running a promotion. Enter the code END300 to get a 300% return on your purchase of BIG tokens or loot boxes! Big Eyes Coin's presale ends on June 3rd, 2023 so get on your paws and don't miss the circus!
The future of cryptocurrencies is uncertain. They could become a mainstream payment, or they could fizzle out like so many other tech innovations. But there's one thing crypto detractors can't deny – many companies have started accepting crypto as payment and they have a potential that hasn't been realized yet. So let's approach the issue with an open mind and come out a bit richer from the experience!
For More On Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.