Despite the overwhelming vitality of the cryptocurrency market, Shiba Inu (SHIB) has generated a lot of interest. There are around 4 trillion tokens in use for the meme-coin. Dogecoin (DOGE), on the other hand, has currently reached the resistance level, but if it struggles to get traction, it may begin a new slide.
According to experts, Big Eyes Coin (BIG), whose team purchased tokens worth $200,000, bought them to enhance market cap and liquidity for the community while positioning it as a potential rival to SHIB and DOGE in the years to come. Future prospects are promising for the currency with a significant market value following its successful presale and entry onto prestigious exchanges.
4 Trillion SHIB Circulate At $0.000007
Shiba Inu (SHIB) has attracted a lot of interest despite the crypto’s excessive volatility. At its current price of $0.000007, this meme-inspired digital currency has roughly four trillion SHIB tokens in circulation.
Depending on price movement, groups of SHIB holders are currently positioned 15% above or below the market price, with the potential to exert selling pressure or purchasing power. SHIB faces difficulties, meanwhile, in crossing the $0.00008 substantial price level. Since about 15 trillion SHIB tokens are currently being exchanged at a loss, the pressure to sell tokens that were purchased at higher prices is significantly increased. This barrier must be overcome in order for SHIB to increase to $0.00008, which calls for a significant inflow of purchasing power
Is DOGE Facing A Fresh Decline?
Dogecoin climbed over resistance levels at $0.0580 and $0.060 after consolidating above $0.0550. This upward trend for DOGE was powered by bullish activity on Bitcoin and Ethereum. In order to reverse the previous loss, the price increased above the 50% Fibonacci retracement level. A bearish trend line was broken around $0.0620 on the 4-hour chart. However, the 100 simple moving average and the $0.064 area are currently acting as resistance for DOGE, which is currently trading below them. The following barrier is located near $0.0655 and the 61.8% Fibonacci retracement level.
If DOGE’s price rises past the barrier at $0.0655, it can keep moving upward till the $0.0685 resistance level only to encounter a strong resistance area at $0.070. The price may aim for the $0.072 level if it continues to rise. But if DOGE is unable to get traction over $0.0640, it can start a new drop with initial support at $0.0625.
BIG’s 2025 Price Prediction
Pre-sale for the Big Eyes Coin (BIG) began in August 2022 and finished on June 3rd, 2023, raising $47 million. BIG, a meme coin and ERC-20 token with a cute cat mascot, is currently operational on DEXs like Uniswap, OKXs, and CEXs like Poloniex. Additionally, the coin is currently concentrated on the Big Casino’s launch, which will feature 4000 games out of which there will be a score of P2E opportunities to enjoy. Many people are currently making predictions about the price of the Big Eyes coin after its initial coin offering.
According to Poloniex, the coin’s price is currently 0.000024779 and has tremendously increased 71.79% over the past 24 hours. In order to increase the “Market Cap and Liquidity” for the community, the team revealed on June 16 that they had purchased $100,000 worth of Big Eyes back. The most recent development demonstrates how much BIG values its community and the long-term viability of the project.
BIG is poised to transform the world of cryptocurrency gambling with its huge selection of 4,000 casino games like 819 Casino and a roster of thrilling play-to-earn (P2E) games after making a successful debut on top-tier exchanges. The sole use of BIG tokens for all game entries and payments distinguishes this platform from others. The token’s trading volume, price stability, adoption, and possibility for major exchange listings are all significantly impacted by this novel strategy.
In a positive scenario, Big Eyes coin has the ability to recoup its initial market cap and listing price by 2025, following the first ICO sell-off typical of new cryptocurrency initiatives. This would place it behind Dogecoin, Shiba Inu, Floki Inu, Baby Dogecoin, Bone ShibaSwap, and Dogelon Mars as the seventh-largest meme coin. Doge would be surpassed by a price increase of 100 times, while SHIB would be surpassed by a price increase of 50 times. These are more reasonable price increases for new cryptocurrencies with smaller starting market capitalization.
BIG aims to become a potential competitor to popular meme coins like SHIB and DOGE. With a successful presale and entry into prestigious exchanges, BIG has the potential to reclaim its initial market cap and listing price by 2025.
Big Eyes Coin (BIG)
Website: https://bigeyes.space/
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