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As the value of cryptos plummets to unimaginable depths, two strange animal-based meme coins are rising to the surface of success.
Meme crypto incubator and launchpad, RichQuack, has spent the last seven days trending on CoinMarketCap as if it was the crypto golden year of 2021. Another strange pet, Big Eyes Coin, has had a whirlwind of a presale, having already raised $7.48 million in a flash.
A bear market is defined as a market where crypto prices fall 20% or more for a sustained period. This is often spurred by a weak or slowing economy brought on by pandemics or war. Opposed to the bleak outlook, bear markets are a good time for crypto-enthusiasts to buy tokens when they are cheap and hope for a price rise in the future.
RichQuack's market capitalisation graph is one of the rarest things to see during the current economic crisis. Having spiked at the end of 2021 and then fallen, RichQuack appeared to be just another meme token suffering from the bear market.
However, in an unprecedented rise, RichQuack's (QUACK) market capitalization suddenly jumped from $31.24 million to $133 million from the 20th of September 2022 to the 10th of October in a move, completely unlike the bear market.
Only time will tell whether this is just a simple blip in the market or a long-term pattern for duck-based meme currency RichQuack (QUACK).
This cute cat is another one of those freakish market occurrences that does not make sense during a crypto winter. Big Eyes has achieved several amazing feats during its presale run, namely jumping through its presale stages like nothing else.
Big Eyes is a gorgeously designed community-owned defi meme token with several neat features. One of the biggest appeals of Big Eyes is that 5% of its tokens available at launch will be donated to a charity wallet. Typically this charity wallet will be used to donate to ocean sanctuaries. However, Big Eyes has also made a series of other donations, including social media follower-voted charities and a $1000 donation to Luna Charity (an organisation helping children overcome traumas).
Even though Big Eyes' presale success may seem odd, it makes sense in the context that an additional 5% of all BIG tokens will be dedicated to a marketing wallet. Big Eyes' social media is out of this world and evidently successful. There are over 50 thousand followers on Big Eyes' Twitter alone. This, in addition to an NFT Sushi Crew marketplace and a merch store, could ensure Big Eyes' ongoing survival during the crypto winter.
The recent success of RichQuack and Big Eyes has been going side by side this last month. However, RichQuack's sudden rise is already showing signs of slowing, and the value of the QUACK token has just begun to dip.
Although market data on Big Eyes is scarce, it is clear from its presale numbers that the hype is not showing signs of slowing down any time soon. With each presale stage hiking the price of the BIG token up by 25%, now might be your time to invest in this bear market beater.
Use code BEYES611 for a BIG bonus.
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 about the financial risks involved here.
