Cryptocurrency

The Power And Influence Of Social Media When It Comes To Crypto: Big Eyes, Dogecoin and Bitcoin

Written By : IndustryTrends

Social media has become a powerful tool in modern-day society for many things, but it has been especially powerful when it comes to the crypto world. Here is how these three cryptos Big Eyes(BIG), Dogecoin (DOGE) and Bitcoin (BTC) have benefited from the development of the internet.

In The Beginning There Was Bitcoin

Bitcoin is the original cryptocurrency and has been around since 2009, since then there has been a multitude of altcoins infiltrating the crypto market, but Bitcoin is where it all started. Because of the recognition Bitcoin has received online, the value of Bitcoin shot up significantly over the years. In 2016 the value of Bitcoin was around $500, however, today Bitcoin is worth over 28 thousand dollars.

Bitcoin is seen as a giant within the crypto community, Bitcoin, however, is far from flawless. The original isn't always the best, this is due to the token's high volatility, and there seem to be risks to investing. Bitcoin will have fallen more than 75% from its all-time high by 2022. Although the volatility may deter some investors, the advantage of investing in Bitcoin is that it is commonly acknowledged as a payment option for general daily transactions due to its popularity.

The First Doge To Do It

Before all the other Doge meme coins came into existence, there was Dogecoin. Dogecoin stemmed from a viral internet meme that took social media by storm in 2009. The meme consisted of a Shiba Inu breed dog giving a side eye to the camera surrounded by sarcastic comments like 'much swag' or 'such cool'. It was a joke, and so was Dogecoin at first, it was just supposed to be an innocent jokey response to Bitcoin but eventually blew up on social media once celebrities like Tesla CEO Elon Musk and long-time rapper Snoop Dogg paid homage to the coin.

Dogecoin was designed to be better than Bitcoin. The issue with Bitcoin was that there are only 21 million in circulation, whereas Dogecoin was designed to be an abundantly produced token, as there are currently over 130 billion Dogecoins, as well as 10,000 mined and produced per minute. Dogecoin has certainly earned its respect in the world of crypto as it currently sits at number nine on the coin market cap.

Big Eyes with A Big Prize

Repaying has always been an important part of Big Eyes' mission in the cryptocurrency community. This is why, from the start, this has made it its mission to come up with new and enjoyable giveaways and prizes for the people. Big Eyes have attracted a large number of investors since the incorporation of the loot boxes. And, as the big launch approaches, Big Eyes has announced its greatest giveaway yet. When purchasing $BIG or a Loot Box, buyers will receive an additional 250% of the purchase price when using the bonus code: BULLRUN250.

As climate change is taking its toll on the planet it's nice to know that someone is still showing that they care. Big Eyes are reserving 5% of all $BIG tokens to help combat the pollution and overfishing of our oceans.

Buy Big Eyes Coin Now!

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Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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