Fire Sale Season – Is Loading Up on Dogecoin a Good Strategy?

Panic. That is the only word to describe current conditions in the cryptocurrency market. However, with great panic comes great opportunity and opportunity is rife in the market currently. Once multi-billion dollar assets are now trading 95% down from their al-time-high, making a return to that high a 20x ROI from current levels.

Dogecoin is one cryptocurrency that has developed its own narrative in this bear market, and that is primarily down to one man, Elon Musk.

Elon Musk, his companies and Dogecoin.

Musk has always been an avid fan of Dogecoin, stating that it would be 'hilarious' if a joke cryptocurrency became one of the market leaders in a podcast with counterparts Cathie Wood and Jack Dorsey.

Anyone in the know will know that Jack Dorsey's Twitter is now under the control of the eccentric Elon, who has already established Dogecoin as a payment method for certain Tesla products as well as its supercharging network.

For many, it seems inevitable that DOGE will be used as a payment method for Twitter in some way or another. It is not a matter of if, but of when. So what does a Twitter-entwined Dogecoin look like?

Dogecoin adoption likely to continue to grow

Assuming Twitter adopts DOGE as a payment method in its revenue streams, other enterprises are likely to follow. If not into DOGE, which would arguably be the most likely, then into another meme coin or even 'regular' cryptocurrency.

Musk is known for being something of a trendsetter as he is one of the only high-brow business magnates with the confidence to be the first in something. He showed this with Tesla and with SpaceX and now might be showing it with Twitter if he installs a cryptocurrency as the primary connection between Twitter and its users.

Will this impact the future of Big Eyes Coin?

The effect Musk has had on Dogecoin will have a positive effect on the whole meme coin market as there is a chance that any currency could be adopted by an institution, celebrity or another medium increasing exposure.

Big Eyes is set to reshape what is currently a saturated meme coin market. Dogs are prevalent, and the developers want to end this collusion at the top of the meme coin ranks. There is certainly space for a fine feline in the meme coin market and Big Eyes is without a doubt leading the race for that space.

With a huge plan for the coming weeks and Q1 of next year, Big Eyes Coin is a presale token to keep on your watchlist on CoinmarketCap. In the immediate future, there is a planned 3D Billboard advertising stunt in Times Square, New York. This will be an immense step forward for the brand that is Big Eyes as well as assuring current investors of the future of Big Eyes. It will provide proof that the development team are serious about creating a global community behind the project.

Early next quarter, the project is set to release its collection of NFTs. There have been rumours that there might be an airdrop to certain Big Eyes Coin holders, so get your paws on the tokens now through the presale!

For more information on the project, check the button featured below. Make sure to check out their linktree as well where there is an awesome £250k giveaway in Big Eyes tokens to be won!