The crypto market tanked aggressively after FTX collapsed. FTX’s influence in the crypto market had been massive. The liquidity crisis removed billions of dollars from the crypto market, causing a high “selling” pressure on crypto assets.
Whales have always loved meme coins and could be watching Shiba Inu and Big Eyes Coin (BIG). Big Eyes Coin is a new meme coin from the cat family set to overtake meme-verse leaders, including Dogecoin and Dogelon Mars.
In other news, Chiliz has been bullish for most of Q4 2022, could it maintain this position till the second half of 2023? Let’s find out in this analytical article on the aforementioned cryptocurrencies.
Shiba Inu (SHIB): Already a Whale Target
Whalestats.com reports that Shiba Inu (SHIB) is one of the leading cryptocurrencies admired by crypto whales. Aside from being a whale-loved token, Shiba Inu is also in high demand due to the products and services it renders.
Shiba Inu’s inflationary tactics have left its unit price insignificant. However, recent developments in Shiba Inu’s network by its community have encouraged “token burning” —a mechanism used by deflationary coins. Token burning on Shiba Inu has removed a large number of SHIB tokens from circulation, hence creating scarcity and high demand, which, in turn, continues to increase SHIB’s value and market capitalization.
Chiliz (CHZ): Continue To Hit Higher Unit Prices in Q4
Chiliz’s high demand could be influenced by the 2022 World Cup which took off in Qatar. As a sports fan token, Chiliz has been bullish. Sports fans worldwide use Chiliz to play fantasy sports games and also to bet on their favorite teams and sportsperson for every tournament or game.
Chiliz could enlist among the top 15 cryptocurrencies if it maintains this pace longer. Alas, the world cup’s conclusion could affect its unit price. The influence of the world cup could lead to a price correction, hence, forcing Chiliz to follow the market tide.
Unless there are new developments on Chiliz’s network or any positive news in the sports and entertainment ecosystem, any price drop in the crypto market after the world cup could cause Chiliz to also drop in price. A potential positive news we could be looking at is the UEFA Champions League set to continue in February 2023.
Big Eyes Coin Hits $11 Million Plus In Presale, More To Come
Big Eyes Coin achieved an $11 million milestone as the seventh stage of its ongoing presale nears closure. More than $1.5 million was raised in stage six alone, with more liquidity flowing into the ecosystem, courtesy of its community.
There will be promising benefits when the presale is over, and only those who participated in the presale could be the benefactors of the reward. To become a staunch member of Big Eyes and contribute to its ecosystem, you could simply start holding its utility meme cryptocurrency or buy the Big Eyes NFT to win a badge from the community. If purchasing in the presale, use the exclusive code BCUTE955 to gain additional bonuses and awards!
Learn more about Big Eyes Coin:
- Presale: https://buy.bigeyes.space/?section=buy
- Website: https://bigeyes.space/
- Telegram: https://t.me/BIGEYESOFFICIAL