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FTX's collapse in the last quarter of the year caused so many ripples in the crypto market which led to a massive dip in crypto assets. The FTX-induced dip caused the market to fall below the May/June bottom of the year.
Bitcoin, trading above $22,000 at the time, nosedived to nearly $15,000 per unit in less than 7 days. The situation was so critical that Solana's market, which has strong ties with FTX, dipped massively too.
Big Eyes Coin is one of the emerging cryptocurrencies already hitting new milestones. Its presale has recorded significant success—and its community has been growing faster than predicted.
There is more to know about Big Eyes Coin. But, before we go in-depth, let's look at some other cryptocurrencies that have broken protocols to pump despite the crypto market's liquidity crunch caused by FTX.
Ethereum has not convinced many traders yet, despite being hyped by the community to become a bullish cryptocurrency after its Proof of Stake (PoS) transition.
Ethereum's market was about to make some significant progress when the FTX market saga struck. However, recent predictions suggest that Ethereum could be heading into a strong bullish phase when the new market season sets in.
In 2018, just a few years after its launch, Ethereum struggled in the market. At the time, many crypto pundits termed it dead on arrival. Surprisingly, Ethereum has appreciated by more than 1000% within this period, hitting an all-time high of an estimated $4,800 in November 2021.
Polygon is another cryptocurrency built around Ethereum. The primary goal of Polygon was to improve the Ethereum network. Since its launch in 2017, Polygon has been at the top of its game, powering scalable decentralized applications and utilities.
As the year 2022 was about wrapping up, Polygon became a top priority for some big companies like Meta and JP Morgan. The rising adoption of Web3 by many traditional companies and industries has made Polygon—a leading Web3 blockchain—a hot pick.
Polygon's partnerships have influenced its market value. Predictions suggest its bullishness could be stronger by the first half of 2023. However, the crypto community expects a little drop in Polygon's market value, before it recovers some profits [lost in 2022] in 2023.
Big Eyes Coin (BIG) is a meme cryptocurrency predicted to perform well in the market when it goes public. The community behind this meme coin appears to be solid enough to make significant decisions on its future.
So far, the community's resilience during presale has been fruitful. Big Eyes raised more than $10 million in just six presale stages—one of the best presales recorded within that period.
To become a member of this community, you must be an active holder of Big Eyes Coin (BIG) or its unique NFTs. You could get the BIG token over presale via Big Eyes' official website. When purchasing BIG tokens, use code BIGPRIZE23 for exclusive bonuses and content:
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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.
