ApeCoin (APE) has always been a strange crypto. A merge of many kinds of coins, ApeCoin
has always been going through a constant and perhaps intentional identity crisis.
Holders of APE can participate in governing decisions, vote on fund allocations, rules, partnerships, and project selection as ApeCoin is a decentralised autonomous organisation (DAO).
However, ApeCoin does not have any actual value. It is not full meme token and is often classified by crypto investors as a “s**tcoin” due to its lack of worth or purpose.
As the bear market continues to be unkind to ApeCoin (making it lose $5.29 billion market capitalization), ApeCoin should learn how to self-propagate for growth from the meme currencies Shiba Inu (SHIB) and Big Eyes Coin (BIG).
To Be Or Not To Be, That Is The ApeCoin Question?
Although many claim that Apecoin (APE) has no purpose, this is not strictly true. The utility token is meant to be used within the APE ecosystem to empower its community to build web3.
Although ApeCoin does have a DAO community, the top 100 addresses on the APE ecosystem control around 51.21% of the circulating supply, according to coincarp.com’s APE rich list.
During its release, ApeCoin generated a huge amount of buzz. However, as time passed, APE lost almost 80% of its value in April 2022. For this reason, ApeCoin should look to similar coins, Shiba Inu and Big Eyes Coin, on how to extend its ecosystem and continue growing.
From Useless, To Useful, Shiba Inu Has Had A Comeback
In many ways, Shiba Inu (SHIB) was not so unlike ApeCoin (APE) in its early infancy. A meme coin with no real utility other than being the “Dogecoin Killer”, Shiba Inu profited off the Elon Musk Dogecoin buzz on Twitter, even rising to the second highest meme coin by market capitalization.
However, when the Elon Musk Twitter endorsements died down, many meme coins suffered. Shiba Inu (SHIB) lost around $35 billion in market capitalization since the end of 2021.
Since then Shiba Inu has slowly but surely expanded its ecosystem so that it can thrive without the approval of Elon Musk. With a metaverse in the works, a Shiba Inu Incubator to support NFT artists and several charity projects, Shiba Inu is creating a thriving and diverse ecosystem in order to ensure its future.
Big Eyes Coin’s Eco-For-Ecosystem Will Thrive
Although Big Eyes Coin is still in its presale, this cute cat-based defi community has several angles to its ecosystem that will ensure the meme currency can grow and support its causes well into the future.
The wealth of the Big Eyes Coin ecosystem is directly related to the wealth of the world’s ecosystem due to its 5% visibly held charity wallet that will be donated to ocean sanctuaries. In the felines whitepaper, the introduction states Big Eyes wants an ecosystem ‘that self-propagates for Hyper growth’. This will primarily be done through NFTs, content, events, competitions, merch and the 5% marketing wallet that has already been put to fantastic use.
While it is the wish of any cryptocurrency to generate wealth and popularity for its project, Big Eyes Coin takes this further by using charity to also generate fame and as a result, health for the world.
Both Big Eyes Coin and Shiba Inu are evolving the idea of a meme token’s utility and seeing where they can take it. Apecoin needs to see the direction traditionally seen as worthless currencies are taking themselves or face risking irrelevancy. As can be seen with the Big Eyes Coin presale, a well-thought-out ecosystem can generate astonishing results.
Use the code BEYES959 for a BIG bonus.
For more information on the project:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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