For the past week, XRP and Apecoin (APE) have been locked into a bear pattern despite the global crypto market rising due to high trading volumes. The price of Apecoin – the token powering the world-famous BAYC NFT collection – has been trending downward since April 2022, now trading at a 93% percent loss since then.
As these two cryptos try to find a steady floor price, Big Eyes Coin (BIG) , a newly launched meme coin available on popular exchanges like Uniswap, is diligently developing a Play-to-Earn (P2E) casino. This innovative endeavor aims to offer added value to dedicated investors who support this ambitious decentralized finance (DeFi) project. In this article, we will thoroughly examine the price dynamics of XRP and Apecoin, along with their respective DeFi ecosystems. Furthermore, we will explore the future prospects of Big Eyes Coin in detail.
Apecoin Looks For Floor Price Amidst Freefall
Primarily used as a governance token for the APE ecosystem, Apecoin is ERC-20 based, whose primary function is to be used for voting on critical decisions to be made to Apecoin’s DeFi platform. On the 7th of July, Apecoin hit an all-time low price of $1.83 with no clear indication of a bull trend in the future.
The same downward pattern has afflicted the BAYC (otherwise known as the Bored Ape Yacht Club NFT collection), losing 80% of its value since its all-time high in March 2022. The decrease in BAYC’s value mirrors the rest of the NFT market’s price movements as well.
XRP Struggles To Maintain Price Stability During Lawsuit With SEC
XRP’s price has decreased over the last month. Along with its reduction in price, the coin’s selling volumes have been going down as well, an indication that selling pressure has depleted for the coin.
XRP was launched in 2021 as the native token of the XRP ledger, a permissionless decentralized system designed to make faster, cheaper cryptocurrency payments a reality. XRP Ledger is great for sending overseas payments at a fraction of the time it takes to send fiat-based currency through legacy financial systems.
Big Eyes Coin Makes Massive Push In Development With Large-Scale Crypto Casino
Listed on major crypto exchanges such as Uniswap, OKX, Poloniex, and LBank, Big Eyes Coin has been making waves in the crypto market with the constant innovation of its ecosystem. The meme coin is known for its affinity for cats and its free giveaways of $BIG to give all the value it can to its loyal fans. But now the crypto has something new up its sleeve.
Big Eyes Coin is all set to launch an operational crypto casino on the 29th of August. Players can choose from over 4,000 P2E games where all entries and payouts will be made in $BIG only. This helps to drive the trading volume of the coin which can help to stabilize the price of the token on crypto exchanges.
Wrapping Up: The Crypto Take
As the DeFi market continues to unfold with new possibilities during the second half of 2023, XRP and Apecoin struggle to find stability in volatile crypto markets. Could Big Eyes Coin along with its new casino be the guiding light for crypto investors? Visit the links below to learn more about BIG.
Big Eyes Coin (BIG)
Website: https://bigeyes.space/
Telegram: Telegram: Contact @BIGEYESOFFICIAL
Instagram: https://www.instagram.com/BigEyesCoin/
Twitter: https://twitter.com/BigEyesCoin