Big Eyes Coin emerges on 3D Billboard in Times Square, should Dogecoin be concerned?

admin — Sat, 19 Nov 2022 10:51:54 +0000

Meme coins have become one of the most popular sectors in crypto due to their humorous and eccentric branding, combined with their lightheartedness. The first meme coin to ever exist is Dogecoin (DOGE), a cryptocurrency that is based on the 2013 ‘doge’ internet meme, which depicts a Shiba Inu dog funnily glancing at a camera being surrounded by words, representing some sort of internal monologue.

Ever since DOGE’s emergence, it has sparked a wave of meme coins to enter the market such as Shiba Inu, Floki Inu and Baby Doge. Big Eyes Coin (BIG) is the latest meme coin to garner significant attention, recently emerging on a 3D billboard in Time Square, the commercial intersection of New York City.

Big Eyes Coin featured on 3D Billboard in the Big Apple

New York City has been dubbed the ‘Big Apple’ and is considered the world’s leading financial centre and most powerful city. With around 330,000 people passing through each day, Time Square is regarded as one of the world’s most renowned sights. Many corporations are still struggling to accept that cryptocurrencies are becoming increasingly popular, and could potentially overtake centralised banking institutions. For a newcomer like Big Eyes Coin (BIG) to feature on one of Time Square’s 3D billboards is a huge stepping stone for normalising the advertisements for cryptocurrencies.

The blockchain network has already made an influence on the cryptocurrency meme coin market because of its inventiveness and brand distinctiveness. Many meme currencies, such as Dogecoin, Shiba Inu, and Floki Inu, follow a similar trend of focusing on dogs. Big Eyes Coin saw this trend and chose to move away from it by creating an attractive kitty avatar in the anime/manga style, a marketing strategy that distinguishes itself from other meme coins.

Additionally, BIG has established a strong social media presence, notably on Twitter, where they have 53,400 followers, as part of their solid marketing plan. Crypto personalities such as Ieda Wobeto, Gino Assereto, Rafa and StormzETH have all openly promoted Big Eyes Coin on Twitter, adding to the cryptocurrency’s excitement.

How Dogecoin quickly rose to success

What began as a joke the cryptocurrency based on a Shiba Inu and a meme grew to fame in the crypto trading space owing to its soaring valuation, which placed its stock among the top 15 cryptocurrencies in the world at one time. Dogecoin (DOGE) is widely regarded as the first meme coin in the cryptocurrency sector. The blockchain network is based on the 2013 ‘doge’ meme, which depicts a Shiba Inu dog amusingly looking while surrounded by amusing discussions.

Dogecoin’s designers thought that because it was based on a dog meme, it would appeal to others outside of the core Bitcoin audience owing to its entertainment and light-heartedness. Dogecoin had an advantage in its marketing campaign, as it was the first meme coin to enter the market, creating a whole new category of cryptocurrencies. It’s eccentric branding, as well as public endorsements from high-profile personalities like Elon Musk, contributed significantly to its popularity. DOGE’s success is proof that jokes are no longer harmless on the internet.

Final Thoughts

Despite Big Eyes Coin’s massive milestone of appearing on a 3D billboard in Time Square, New York, it remains a difficult task to dethrone Dogecoin from being the number one meme coin. Similarly to Bitcoin, Dogecoin has an automatic advantage over other meme coins, as it pioneered the wave for that crypto category. Nevertheless, DOGE should be wary of Big Eyes Coin, as it has already generated $9.87 million in the sixth stage of its presale and featured in the commercial intersection of New York City. When making a purchase, enter the promotional code BIGE068 to receive a discount.

For more information on Big Eyes Coin (BIG), Click the links below:

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

YouTube: https://www.youtube.com/watch?v=lZTnMG62VEs

The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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Newegg To Accept Shiba Inu From “Early December,” Puts SHIB Ad On Billboard – Bitcoinist.com

admin — Sat, 04 Dec 2021 16:29:51 +0000

Retail giant Newegg has announced the company will start accepting Shiba Inu as payment from “early December.”

Newegg To Accept Shiba Inu Starting Early December

A couple of days back, the tech-focused retailer posted a teaser on their Twitter announcing that SHIB is “coming soon” to the platform.

Now the company has revealed a few more details in a new tweet. According to the new info, Newegg plans to start accepting Shiba Inu as a payment option by “early December.”

To make the announcement more grand, the retail giant put the ad for it on the largest digital out-of-home (DOOH) billboard in North America.

Newegg has been accepting cryptocurrencies for a while now; the retailer was the first major ecommerce company to start taking Bitcoin back in 2014.

Early in the year, the company also added SHIB-rival Dogecoin as an option, followed by Litecoin in mid-2021. Currently, the platform supports eleven different cryptocurrencies. The firm uses Bitpay to process digital currency payments.

Last month, AMC CEO announced that the cinema company will soon start accepting Shiba Inu in partnership with Bitpay, and that he personally asked Bitpay to add the crypto.

After the Newegg teaser went live, there was speculation that the retailer might be taking the coin through the same crypto payment processor. Now, the firm has confirmed that it’s indeed partnering with Bitpay to do so.

Newegg Director of Brand Marketing, Andrew Choi, said “We are always looking for ways to innovate the shopping experience on Newegg.com, and something our customers want is greater flexibility and options, including the ability to pay with a wide range of cryptocurrencies.”

“Through our partnership with BitPay, we have the ability to move quickly and lead the market with flexible cryptocurrency payment options. To that end, we’re excited to offer SHIB as a payment option on Newegg.com,” Choi continued.

SHIB Price

At the time of writing, Shiba Inu’s price floats around $0.00004613, up 4% in the last seven days. Over the past thirty days, the memecoin has lost 30% in value.

Here is a chart that shows the trend in the price of the crypto over the last five days:

SHIB's price has finally shown some momentum up in the past couple of days | Source: SHIBUSD on TradingView

After an unbelievable October, SHIB had a very weak November where the coin went more than 30% in the red. However, in the past couple of days, the coin has finally shown some substantial movement up.

It’s unclear right now if this trend will sustain, but if adoption news like Newegg’s or AMC’s is anything to go by, the coin’s future might be bullish.

Featured image from Newegg, chart from TradingView