Is Big Eyes Coin The Best Cryptocurrency To Invest In Amid The Downfall Of Dogecoin And Shiba Inu?

Big Eyes Coin (BIG) is one of the few cryptocurrencies that is going through a purple patch at the moment.

Despite only being in stage six of presale, the meme coin has raised over $10 million, secured a Tier 1 CEX Launch for its official release, appeared on a 3D billboard in New York City, and been advertised in Marble Arch, London.

Plus, Big Eyes Coin is looking to spread its cuteness even further by offering a coin bonus on all purchases with the code BIGPRIZE53.

Meanwhile, its main competitors, Dogecoin (DOGE) and Shiba Inu (SHIB) are not thriving fabulously.

At the time of writing, Dogecoin is priced at $0.08099, significantly less than its all-time high of $0.6358 back in May 2021. Likewise, Shiba Inu currently has a value of $0.000008976, a pale comparison to its peak of 0.00007489.

And with crypto powerhouses like Bitcoin (BTC) and Ethereum (ETH) still trying to fully recover from the recent FTX Exchange crash, these meme coins are unlikely to resurge anytime soon.

Big Eyes Coin indeed has the luxury of not being part of the crypto market yet. Nevertheless, if Dogecoin and Shiba Inu don't stop scruffing around, a cat-related coin could pounce past them.

Is Elon Musk The Only Reason Behind Dogecoin Success?

It's no grand revelation that Dogecoin owes a lot of its prosperity as a cryptocurrency to Elon Musk.

When Dogecoin was first released in 2013 it was not taken seriously and experienced very little success in the crypto market. However, everything changed in 2019 when Musk mentioned the meme coin in one of his tweets.

Since then, the bond between the multibillionaire and Dogecoin has remained strong. When Musk bought Twitter on October 27th, Dogecoin skyrocketed in value and overtook Cardano (ADA) in the crypto rankings at one point.

Nonetheless, this breakthrough was short-lived and Dogecoin's overreliance on Musk is seemingly evident.

Dogecoin does offer efficient and cheap peer-to-peer transactions but time will tell if these perks are enough to maintain its position near the top of the crypto industry.

Is Shiba Inu More Than Just A Dogecoin Wannabe?

Similar to how Dogecoin piggybacked off Musk's tweets and business exploits, Shiba Inu arguably used Dogecoin to gain a headstart in the crypto economy.

Nicknamed the 'Dogecoin Killer', Shiba Inu was released in August 2020 and is already ranked in the top 20 cryptocurrencies with a market cap of over $4 billion.

Apart from being the supposed heir to Dogecoin, Shiba Inu is known for its lucrative staking rewards. Investors can 'bury' their tokens and receive passive income over time in the form of various tokens such as SHIB, LEASH, and BONE.

Is It A Coincidence Big Eyes Coin Has Raised So Many Funds?

Big Eyes Coin has generated a huge amount of funds by proposing top ten NFTs, ocean-saving charity donations, and an interactive community of cat lovers.

If the Big Eyes website is any clue, the meme coin will release a plethora of adorable digital items with incredible profit-making potential.

And a small amount of this profit will go towards saving the oceans as 5% of Big Eyes' supply will be donated to ocean-saving charities.

Therefore, investors will passively be helping to reduce global warming alongside like-minded eco-friendly individuals who want to make a positive difference.