Anxiety and inflation are hard to separate these days as the cost of living increases rapidly, and issues are more prevalent in the crypto market than success.
With big coins and stocks taking a dive last week in the wake of the US jobs report, investors could be looking to meme coins for a strong community-backed investment that will stand the test of time.
Let’s have a look to see if meme coins Big Eyes (BIG), Tamadoge (TAMA), and Shiba Inu (SHIB) are providing more stable investment opportunities than cryptocurrencies at the moment.
Bitcoins Value Declines in Line with Inflation
The decline of value in Bitcoin is heralded as cryptocurrency’s inability to hedge inflation; experts are currently considering whether old cryptocurrencies will ever be able to withstand inflation, and inflation anxiety, like they promised to do from the start.
Bitcoin started this year out with a high $67,549.74 market cap and plummeted to $367.49, where it sits today. Today’s Bitcoin (BTC) market cap is -0.66% from yesterday and -64.43% from one year ago, according to YCharts.
This gradual decline of Bitcoin (BTC) is at odds with what the cryptocurrencies were intended for; to prevent assets from being affected by inflation and, instead of depreciating alongside the centralised currency, retain their value and appreciate with time.
It seems that Bitcoin will not be the ‘gold ingot’ of the crypto world after all, as it has failed to remain stable enough to appreciate in value in the same way other investments like gold do.
The community drive behind meme coins could be a better alternative to overcoming inflation anxiety.
Big Eyes Surges Forwards Attracting Long-Term Investors
In contrast to the steady decline of Bitcoin, Big Eyes is seeing tremendous growth in its fifth presale phase. This community token featuring a cute cat is attracting a new crowd of investors who are excited to get involved in a community which has inherent value and a cause that will stand the test of time.
Big Eyes is not like the old meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) that were focused on pump-and-dump goals. This meme coin has set itself up for the long run with a clear whitepaper focused on attracting an engaged and committed community that will see the success of this coin through bad times and good.
At the core of Big Eyes Coin’s purpose is supporting its community and the environment. This coin has therefore committed 5% of its total supply of coins to a charity wallet intended for a charity which is working to preserve and protect our oceans and sea life.
Finally, this coin is not only interested in creating a community that shares the same values. It also wants to help the community create wealth. In order to do this, Big Eyes Coin (BIG) has scrapped taxes on purchases and fees. Big Eyes (BIG) commitment to its community and the planet is tantamount to success that can withstand market fluctuations and provide wealth, community, and opportunities for connection for its holders.
Shiba Inu exemplifies the power of community ownership and spirit
Tamadoge (TAMA) is already reaping the rewards of its clear value, functionality, and relatable content. This coin and integrated NFT play-to-earn game understand the power a game has; the gaming market is huge and primed to accept digital currencies and earnings.
The recent success of the Tamadoge presale is proof enough that this tactic works. The TAMA token presale ended months ahead of schedule with a massive $19M raised and counting. Tamadoge (TAMA) has also promised to integrate VR into its gaming experience; this kind of forward planning is what investors are looking for now.
Final Thoughts
The success of Tamadoge (TAMA) and Big Eyes (BIG) is a real ray of sunshine in an otherwise depressing bearish market. It looks like these new meme coins are going to populate the market in the future, and with their strong community backing, who knows, they might resist the powers of inflation.
Big Eyes Coin (BIG)
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin