ConsenSys has unveiled a research study showcasing the burgeoning interest of Americans in the crypto realm. What’s truly captivating is that 17% of the respondents have delved into the world of Shiba Inu (SHIB) tokens, surpassing even more established assets like Polkadot (DOT).
This data is a breath of fresh air for the meme coin industry, suggesting that “shitcoins” hold more promise than just their allure factor. Shiba Inu’s triumph is not only a victory for the token itself. It is also a resounding win for startup tokens like Big Eyes Infinity (BIGINF) that place their faith in the charm of memes and the potential for sky-high returns.
Shiba Inu Investments Grow with 17% Americans Buying $SHIB
A recent survey led by the esteemed blockchain and web3 software company ConsenSys discovered that American investors are delving into crypto investments. Among the 1,018 individuals surveyed (aged 18 to 65 US residents), Bitcoin, Ethereum, and Dogecoin, Binance Coin, and USD Coin are the top-tier choices for crypto investments.
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Astonishingly, Shiba Inu claims the sixth spot among the most sought-after assets. An astounding 17% of these $SHIB investors had reportedly diverted their assets into this $4.5 billion market-capped token. Notably, Shiba Inu managed to eclipse more established assets like Polkadot in terms of popularity and investor interest.
In parallel, Polkadot’s 20-day, 50-day, and 100-day Exponential Moving Averages (EMAs) continue to bleed red, registering declines ranging from 14% to 30%. This suggests that prevailing sentiment leans toward pessimism, and thus, traders are inclined to sell during rallies. Beneath this narrative lies a subtext: cryptocurrency investors place their faith in meme tokens. This raises a pressing question: What implications does this hold for fledgling meme tokens like Big Eyes Infinity?
Is it Time for Stricter Regulations and Creative Solutions?
In the ever-shifting crypto landscape, Shiba Inu makes waves to break free from its speculative origins. Often dubbed as the “Dogecoin Killer”, it has embarked on a journey of legitimacy and utility, and as such, it created Shibarium from the ground up. An Ethereum layer-2 scaling solution, this advancement significantly enhances Shiba Inu’s scalability and reduces transaction costs associated with $SHIB. Notably, data from Shibariumscan.io reveals that SHIB, with the help of Shibarium, surpassed one million wallets during the first week of September.
Shiba Inu’s ongoing transformation prompts a pertinent question: Is it time for stricter regulations and creative solutions in the crypto realm? The answer is a resounding “yes!” Many respondents in the Consensys study believe that firm regulations are vital to safeguard investors in this asset class.
Thankfully, Big Eyes Infinity distinguishes itself with resilience and creative ingenuity. A fresh utility token within the Big Eyes universe, utilizing the ERC-20 protocol, it gears for an airdrop launch. This move will directly benefit users who may have missed out on the earlier Big Eyes presale.
The BIGINF token is critical to the Big Eyes 819Casino and play-to-earn (P2E) gaming metaverse. This stimulating plot allows token holders the opportunity to play and win BIGINF tokens. Inevitably, BIGINF will help generate increased trading activity and heightened buying pressure for the cryptocurrency.
Unlock the Magic of Meme Coin Returns + Airdrops in Crypto with Big Eyes Infinity!
By incorporating airdrops in crypto, the team behind this cat-themed token plans to distribute funds to $BIGINF users. This process eliminates the need for unnecessary claiming steps, as all tokens will be airdropped directly into a decentralized exchange (DEX) platform.
While enthusiasts eagerly await this development, BIGINF welcomes investors to participate in the presale round. With timed stages offering a potential 6x return on investment, BIGINF guarantees a 150% return for token holders at each stage. This promising opportunity aligns with the potential for meme coin returns.
Final Chapter
The preference shown by 17% of US investors for Shiba Inu investments over well-established assets like Polkadot highlights the growing influence of meme tokens. This shift underscores the potential success of unconventional tokens like Big Eyes Infinity. This proves that creative ingenuity and meme coin returns are possible for those willing to explore the colorful tapestry of crypto.
Big Eyes Infinity (BIGINF)
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