The meme coin kingdom, over the years, has been ruled by the dog family, spanning from Dogecoin (DOGE) and Shiba Inu (SHIB). Dogecoin was the first meme coin made out of a joke in 2013 by Billy Markus and Jackson Palmer. It turned out that Dogecoin became very popular and accepted by the crypto community despite not having any tangible utility back it.

Shiba Inu (SHIB) was later introduced with the ambition of dethroning Dogecoin (DOGE), which at the time, had no utility, except the backing of its community and powerful influencers. Shiba Inu powered a quality list of utilities but under the “dog” theme created by Dogecoin: “a Shiba Inu,” similar to Dogecoin’s mascot.

Big Eyes Coin (BIG) is one of the newest additions to the meme token family. Big Eyes Coin comes from the cat family—a real-lifelong rival to dogs. This kind of rivalry will be replicated in the meme token universe to create healthy competition and hence high demand for meme token products and services in DeFi.

What Is Big Eyes Coin (BIG)?

Big Eyes Coin, stylized as BIG, is the utility meme token of the Big Eyes ecosystem set to disrupt the meme token market. As a cat-themed meme token, Big Eyes Coin will primarily rival the leading dog family of meme coins, including Dogecoin, Shiba Inu, Floki Inu, Dogelon Mars, and so forth.

Big Eyes Coin will power an NFT launchpad, a crypto trading protocol, and a liquidity pool. Fees will be generated through Big Eyes Coin, and holders will earn a portion of the fees generated on the Big Eyes ecosystem.

Also, a portion of the fees in BIG tokens will be given to charity and used to run the ecosystem for the betterment of the community and the ecosystem.

Can Big Eyes Coin Overrun Dogecoin And Shiba Inu?

Dogecoin (DOGE) and Shiba Inu (SHIB) have done so much for the meme token space, and have, therefore, earned their current milestones which keep them at the top of the entire crypto market charts. However, success may not necessarily be measured by these metrics, there is more to cryptocurrencies than what the charts say.

Shiba Inu is often dubbed the “leading meme cryptocurrency” based on its smart contract and whale activities, as well as the utilities it currently powers. Shiba Inu is one of the pioneers of the current wave of utility meme coins and has been doing so at a much faster pace than many rival cryptocurrencies.

Big Eyes Coin will power more. Its goal is to bring more liquidity into DeFi and make liquidity to be easily accessible to anyone online. Through the consistency of its community, there could be more products and services managed on Big Eyes and powered by Big Eyes Coin. This will drive higher demands for Big Eyes Coin and help keep it on track to becoming the next big meme coin in the market.

To become a member of the Big Eyes community, you may simply buy its utility NFT or token (Big Eyes Coin (BIG)). The BIG token is available via presale, however, the NFTs will be available after Big Eyes progresses through its stages of release.

To get 5% additional tokens for free with every purchase, use the code BCUTE394 at checkout.

 

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

 

• League of Kingdom Arena is a Decentraland competitor.

• It combines the concepts of gaming with NFTs. 

• The number of active users in its ecosystem has dropped.

LOKA price has held quite well in the past few days even as user growth in the ecosystem dropped. League of Kingdom’s token rose to a high of $0.5342, which was the highest level since December 1. It has jumped by over 87% from the lowest level in November. 

What is League of Kingdom Arena and why is it rising?

Gaming and NFTs are two of the biggest use cases for the blockchain industry. Their popularity grew during the Covid-19 pandemic as cryptocurrency prices surged and as people remained locked up in their homes. Some of the top blockchain gaming ecosystems were Sandbox and Decentraland.

League of Kingdom Arena is a blockchain gaming and NFT platform built on Ethereum and accelerated in Polygon. In it, the participants fight for dominion and win rewards as they go up the ladder. In addition, since it is a decentralised ecosystem, people can easily participate in their governance by buying LOKA coins.

There are other ways to participate in the League of Kingdom Arena. For example, you can buy your virtual land, which is viewed as a virtual piece of real estate. Holders of this land earn Ethereum rewards. 

Further, users can adopt Drago and start earning $DST coins. The Drag Soul Token is similar to Axie Infinity’s Smooth Love Potion, which is used to fuel the ecosystem. Also, you can buy the LOKA token and take part in its governance.

LOKA price has done well in the past few weeks even as its ecosystem growth has engaged reverse gear. In the past 30 days, the number of unique active wallets (UAW) in its ecosystem has dropped by 13% to 2,000. The number of transactions has dropped by 33k to 2.96k while the volume of these transactions has crashed by 56%. As shown below, the all-time trends of these metrics has not been encouraging. 

LOKA price prediction

LOKA chart by TradingView

The four-hour chart shows that the LOKA price has been in a strong bullish trend in the past few days. It has moved above the ascending trendline shown in black. Also, the coin rose above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved above the overbought level.

In the near term, the League of Kingdom token price will likely continue rising as buyers target the key resistance level at $0.60. In the long term, however, the coin will likely retreat as sellers target the key point at $0.45.

How to buy League of Kingdom

The cryptocurrency market is evolving in the most creative and innovative ways. The crypto market is expansive and the subsection of meme coins alone has so much diversity to exhibit for the crypto enthusiasts.

Dogecoin (DOGE) initiated the concept of meme coins in the crypto world. Ever since its inception, there has been no looking back in the world of meme coins and new coins have evolved on the theme of animal symbolism. For instance, Big Eyes (BIG) is a new coin that has flipped the dog meme narrative by introducing cat-based crypto.

Here’s a little more detail about the animal-themed meme coins that have stirred the crypto market.

Big Eyes (BIG) is a New Cat Token in the Meme World

Big Eyes (BIG) is a new token with the specific intention of transferring wealth into the DeFi ecosystem and preserving a crucial area of the fintech ecosystem. The mascot of this crypto is a big-eyed craftily-designed caricature of a cat.

It is a meme token that intends on building its identity through the influencer economy. Given the character that this token holds with a strong design and marketing team, it has great potential to be adopted by influencers and celebrities worldwide. Big Eyes (BIG) also has great philanthropic intent as it plans to donate 5% of the tokens to charities working towards conserving oceans and aquatic ecosystems.

Moreover, 5% of the tokens are reserved for marketing that will materialise into Big Eyes (BIG) growing globally as a meme coin. By utilising NFTs to provide access to additional material and events that make the blockchain hype-ship well worth boarding, the team behind Big Eyes intends to contribute more by creating a blockchain ecosystem that self-propagates for hypergrowth.

More than Half of Dogecoin (DOGE) Guarantee Profit Despite Price Drop

At press time, Dogecoin (DOGE) exhibited a drop in its price by nearly 4.60%. Regardless, the taken holders are statistically in the green zone of earning profits given the scalability of Dogecoin (DOGE). At the current price of $0.06, 52% of Dogecoin (DOGE) holders are “in profit” on their purchase. This is even though Dogecoin has dropped over 90% from the high of $0.73 in May 2021.

This has been a timely reminder of how profitable Dogecoin (DOGE) can be as a meme coin and also how meme coins have great potential to fetch heavy returns for the holders.

ApeCoin (APE) Hikes After the Eminem-Snoop Dogg Collab

Famous rappers Eminem and Snoop Dogg came together to collaborate on a brand new track ‘From The D 2 The LBC’ and performed it for the BAYC holders at the ApeFest. As a result, ApeCoin (APE) witnessed a 30% hike in its value within a week.

The Ethereum-based utility token ApeCoin (APE) was created as a bonus for owners of the well-known NFT collection, Bored Ape Yacht Club (BAYC). Less than half of the total 1 billion ApeCoin (APE) tokens are currently in use. In the upcoming years, a large portion of the entire quantity of tokens will be vested.

The meme coins, hence, have gone beyond the social media shareability feature and are expanding in creative ways. Meme coins can be a great way to earn passive income given their potential to show scalable hikes in value.

Learn more about Big Eyes (BIG) here:

Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Another country has entered the cryptocurrency party, and it’s a big one. The United Kingdom’s Economic and Finance Ministry announced this afternoon that the country will be amending its regulatory framework to allow the introduction of stablecoins as a means of payment.

Sure, it’s not like Boris Johnson has gone full-El Salvador and introduced Bitcoin as legal tender, but it’s still an important step and one that may cause a domino effect, especially given it is coming from Britain.

The most criticised aspect of El Salvador’s Bitcoin initiative, of course, is the notorious volatility that Bitcoin suffers from. With stablecoins, that is not an issue, with their value pegged to fiat counterparts.

This is part of the reason that this announcement is such notable news – this is very much a targeted initiative looking at introducing crypto specifically as a means of payment, rather than simply loosening the overall regulation on the industry.

Her Majesty’s Treasury (otherwise referred to as the Exchequer – I’m still learning my British acronyms as I intend to move to London later this year), were quite bullish in their assessment of stablecoins in their statement Monday: “The rationale for doing this is that certain stablecoins have the capacity to potentially become a widespread means of payment including by retail customers, driving consumer choice and efficiencies”.

The statement continued that the amendment of regulation to facilitate these stablecoins was just one aspect of a “package of measures” aimed at incorporating blockchain technology into the UK and creating a “global hub” – so while payment is the first item on the list, as we just mentioned, the UK are also signalling their intent to eventually go beyond this niche and embrace the wider crypto industry, too.

With the volatility of “normal” cryptocurrencies rendering them impractical right now for commerce, stablecoins are primed to take the step up…if regulators get on board. This move by the UK, therefore, is a massive signal of intent – because it is so achievable. “If crypto technologies are going to be a big part of the future, then we – the UK – want to be, and in on the ground floor” the Economic Secretary, John Glen, said at the Innovate Finance Global Summit. “In fact, if we commit now…if we act now…we can lead the way”, he continued.

Another interesting tidbit? The non-appearance of Central Bank Digital Currencies (CBDCs) in the announcement. This is very much looking at stablecoins such as Tether, Circle etc to be used as a medium of exchange, when many would have expected a CBDC announcement would have been more likely.

It’s a big marker to lay down, as the UK are now set to become one of the first countries to provide clear guidance to the crypto industry as to how stablecoins can be implemented. This story will grow and is far from over, but today was an important first step.

• PayPal (NASDAQ: PYPL) intends to expands its crypto-related services within United Kingdom 
• The company is set to recruit fresh talent for it’s crypto and blockchain dedicated division in Ireland

Observing the growing adoption of digital assets, market giant PayPal is set to expand its digital asset related services for consumers across the globe.

According to a story broadcasted by well-known Dublin based news platform on Sunday, the global payments provider, PayPal is strategising to fill various crypto focused positions at its Dublin and Dundalk offices. Reportedly, the company is scouting for fresh hires in the business development, compliance, and anti-money laundering department.

Experts analyse th to appear in accordance with the rapidly growing adoption of Bitcoin, Ethereum and other cryptocurrencies worldwide. 

PayPal Visions To Expand Crypto-Services Worldwide

Initially, PayPal introduced its crypto-services for American consumers in October of 2020, enabling them to trade cryptocurrencies directly within the PayPal digital wallet. However, the company also narrated its vision of expansion in selected international markets till the first half of 2021. 

Dan Schulman, PayPal CEO also noted the expansion of crypto trading service in the United Kingdom last week. Schulman has always appeared to be positive about Bitcoin; and according to him, the company’s crypto business surpassed all expectations in its initial six months of operation itself as BTC and ETH struck their all-time highs and propelled the overall cryptocurrency market capitalisation to a $2.6T benchmark.

Bitcoin Roundup
Bitcoin(BTC) $40,134 (-3.75%): BTC traded bullish above the psychological level of $40,000 for the first time in July, and has kicked off the August month on the right footing. Although Bitcoin has soared 20% over the past week, analysts still speculate ‘the king’ to remain range-bounded as the current rally may have taken a breather. The global crypto market cap is $1.61T, facing a 2.17% decline over the last day.