The continued success of meme currencies in the cryptocurrency market is indicative of both their innovative potential and their ability to foster the growth of communities. Investing with them is not only a joyful and low-cost way to get started, but also a way to join a thriving and supportive online community at the same time.
Despite the current market slowdown, meme currencies are progressing significantly in terms of growth, expansion, and foresight. Meme currencies are increasing in value due to the growing usability of these currencies.
In spite of the icy conditions on the cryptocurrency market, we will examine the recent successes and distinctions of Shiba Inu (SHIB) and Big Eyes Coin in this article.
Shiba Inu (SHIB), a cryptocurrency that competes with Dogecoin, was initially announced in August 2020. (DOGE). It intended to triumph by annihilating its rival and collecting the gains associated with the pump-and-dump investing strategy employed by meme currency. However, the coin has evolved from its humble beginnings, and its primary selling point is now the vibrant community that surrounds it.
This group has naturally developed, and the inclusion of the Shibaverse, which was published last year, has made it fairly valuable at the moment. This metaverse is fueling Shiba Inu’s ongoing organic expansion, innovation, and education.
Another much anticipated day in the Shiba Inu community was the September introduction of ShibaEternity, a play-to-earn (P2E) game that has been a major hit and has received praise from experts for its speed and functionality.
Over the past two years, Shibaverse and Shiba Eternity have released new versions on a regular basis, showcasing the coin’s inventiveness, foresight, and resiliency in the face of the crypto cold.
According to CoinMarketCap, the current cost of one SHIB is 0.00000012 dollars, making it the fourteenth most expensive cryptocurrency in the world. The market value for the coin is currently sitting at 6.991 billion dollars. By the end of 2023, specialists in the field predict that the price of a Shiba in Shibverse, ShibaSwap, and Shiba Eternity will increase to $0.000040.
A cat-themed meme coin project called Big Eyes claims to donate 5% of its token supply to good causes. On the Ethereum blockchain, Big Eyes is issued as an ERC-20 token with the ticker BIG. BIG is referred to by the project as a “community token” that aims to expand the DeFi ecosystem and support humanitarian endeavors.
The Big Eyes cryptocurrency team also announced that they would be producing an NFT collection that would grant owners access to special Big Eyes-related events.
Big Eyes’ is a fully fledged community token with the explicit purpose of transferring wealth into the defi ecosystem and safeguarding a crucial area of the global ecosphere. Community tokens are significant revenue producers for the neighborhood and charities.
But Big Eyes wishes to provide more than that, so it is developing a blockchain ecosystem that can self-propagate for hyper growth using non-fungible tokens (NFTs). This will allow users to gain access to more material and events, which will ensure that the blockchain hype ship is one that is definitely worth boarding.
The Big Eyes roadmap also has the following objectives:
- Stunts in the media and marketing to increase awareness of the project
- audits to verify the safety of the token’s smart contract
- charitable contributions
- obtaining BIG listings on several cryptocurrency trading platforms
- Design and market items with a Big Eyes motif.
- Big Eyes does not have a buy tax or a sell tax, in contrast to several other meme coins. This might encourage people to actively engage in transactions with BIG.
The founders of the project all go by pseudonyms, so no one can identify the Big Eyes crew. Big Eyes token issuance is restricted; the BIG maximum supply is capped at 200 billion tokens. The majority of the BIG supply will be held by community members, according to the idea. BIG’s initial selling price during the token auction was $0.0001. Big Eyes’ market cap would be $20 million if the whole quantity of the token were in use and it traded for $0.0001.
The Big Eyes plan also includes a number of decentralized finance (DeFi) solutions made specifically for owners of BIG tokens, in addition to community-building initiatives. For instance, Big Eyes intends to introduce a bridge that will allow tokens to be transferred across various blockchain systems and a platform for exchanging tokens. This strategy is comparable to certain other meme currencies, including Shiba Inu (SHIB).
A public pre-sale that anyone with an Ethereum wallet, such as MetaMask, could access helped the Big Eyes team gather money for the project. With this initiative, $1.95 million USDT was the target.
It is hardly unexpected that these two cryptocurrencies have risen to success despite the weak market. Even if the market is showing a downward trend right now, they have all used this opportunity to show their strength. This is quite encouraging for their chances once the bull market picks back up.
The Toon Finance Protocol was developed by a group of blockchain developers and industry professionals with the aim of addressing the externality surrounding the need for P2E gaming by offering a P2E metaverse protected by SHA256 encryption.
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