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The whole crypto market is shaken, with coin prices falling after investors fear Silvergate Capital's bankruptcy and what it could mean for the industry. Bitcoin (BTC) and Ethereum (ETH), the two crypto giants, pull down all altcoins with them into the dip. Meanwhile, Big Eyes Coin (BIG) is all pawsitivity and cuteness as its presale success continues.
Big Eyes Coin makes the Cat Crew happy and hopeful as its presale hits $31 million! BIG is almost near its launch date, as 4.93 billion tokens remain to be sold.
As part of their presale, Big Eyes Coin launched their Loot Box Campaign, where Cat Crew members can purchase five boxes: Saver Tin ($10), Cute Box ($100), Kitty Vault ($500), Super Saiyan Box ($1000), and Excali-Paw Chest ($10,000). Each box gives a reward that is either equal to or greater than the amount spent to open the box.
Big Eyes Coin is a 100% secure zone, as the digital asset's contract code is fully audited by Solidity Finance and has passed KYC by CoinSniper.
Early investors can directly buy $BIG using ETH, BNB, or USDT. Once the public sale ends, $BIG holders will be able to claim their purchased Big Eyes using the claim page.
Bitcoin took a dip of 4.45% for the last seven days, with its price declining to $22,401.
The drop came on Thursday after crypto companies said they would stop transactions with Silvergate, including accepting or initiating payments/transactions with other companies, such as Galaxy Digital, Paxos, Circle, Bitstamp, and Coinbase.
Silvergate recently stated that it would fail to file its annual report within an extended deadline and warned that operations might cease for a year.
Kaiko's Research Director, Clara Medalie, stated that Silvergate had partnered with many large exchanges and market makers, with the latter hoping for faster transactions. Inactivity on Silvergate's part could mean a bigger impact on global crypto liquidity.
Issues with Silvergate have already taken a toll on Ethereum, the second-largest crypto coin by market capitalization. However, ETH might need to brace itself after whistleblowers revealed that Eco, a crypto wallet company, lent 100% customer funds to various firms, like Wells Fargo, Goldman Sachs, and Bank of America, to gain interest. The plan was to use what was earned to pay customers.
Eco CEO Andy Bromberg responded and refuted most of the allegations.
ETH's price failed to increase after weeks of trying. Its crypto community is trying to find its way back to stable prices. Still, with the lack of participation or momentum, alongside Silvergate FUD (Fear, Uncertainty, Doubt), Ethereum sank by 7% on March 2nd.
There are a lot of risks in investing in the crypto market these days, considering the news on Silvergate and other companies. This is not the end for the crypto industry, but it is better to observe every single coin in detail before investing in them.
Big Eyes Coin is currently hosting its presale now. Taking advantage of this event is one of the best ways to take a break from the crypto market volatility, especially with BIG still selling at a low price.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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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 here.
