There is no doubt that the current financial crisis has hit the crypto market. Contrary to what many investors initially believed, digital currencies are not immune to the current economic downturn, and as a result, the market capitalization of major cryptocurrencies has plummeted to unimaginable levels. Dogecoin (DOGE) and Shiba Inu (INU), the leading tokens in the meme market, also did not escape the crisis. At its peak in 2021, Dogecoin (DOGE) will have a market cap of over $88 billion. At the time of writing, it has a market capitalization of just over $19 billion. It’s safe to say that it hasn’t been a great year for cryptocurrencies, but there may still be hope. Let’s explore some viable options to consider despite these struggling economic conditions.
Dogecoin (DOGE): The Ultimate King of Meme Coins
Dogecoin (DOGE) is the ultimate king of the meme sector cryptocurrencies. However, like all major cryptocurrencies, it also faced various difficulties in the last few months due to the extensive bearish market. Economic issues aren’t the only thing Dogecoin (DOGE) has to worry about now. It is now facing lawsuits over its contributions to the Ponzi scheme after Elon Musk’s Twitter support for the intriguing Dogecoin has run out. The accusers allege that Musk deliberately increased the price of Dogecoin (DOGE), effectively creating a pyramid scheme. Although the lawsuit is not yet settled, there is no doubt that it will damage the credibility of Dogecoin (DOGE). Despite all of this, the coin has performed exceptionally well recently and ranked 8th in terms of market capitalization.
Shiba Inu (SHIB): Another Meme Coin Pioneer
Dogecoin’s (DOGE) main rival, Shiba Inu (INU), suffered a similar failure. When Elon Musk expressed interest in getting a Shiba Inu, his manipulative remarks sparked investments in meme tokens. Now that all the buzz has settled, Shiba Inu developers are hard at work creating features that will allow its ecosystem to thrive without Elon Musk’s help. Despite that, it is still one of the best meme coins that you can invest in and it ranks among the top 15 cryptocurrencies globally.
Big Eyes Coin (BIG): Aiming for BIG Disruption
Big Eyes Coin (BIG) is currently the newest and hottest project in the cryptocurrency market. This new meme coin is considered a revolutionary coin and will set a precedent for several upcoming trends. Even though meme coins are primarily built for community enjoyment, other forms of wealth creation continue to exist. In addition to using DeFi as a wealth creation tool, the project regularly hosts community events, contests, events, etc. to continue building evidence-based hype. With the speed at which the Big Eyes (BIG) presale tokens were sold, and the token price increasing by 25% after each stage was completed, it is no exaggeration to say that Big Eyes Coin (BIG) has been very successful.
However, there will be economic pressure for some time. The Big Eyes Coin (BIG) community is effectively driving this hype, not just for themselves. With dedicated social media channels and a Telegram group offering exclusive announcements, the community is easily drawn to the Big Eyes story and the powerful message of the charity behind it. For those interested, Big Eyes Coin (BIG) hosts numerous competitions, including its current Gleam contest where anyone can win $250,000. This contest is just one of the ways Big Eyes Coin (BIG) is expanding its investor base.
For more information on Big Eyes (BIG), you can visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL