The new crypto altcoin rocking the crypto markets, Big Eyes Coin (BIG), has already raised almost $32m in presales. As a bear market takes further hold over gains, which coins are a safe bet to invest in 2023? The Slivergate Bank saga has caused hiccups throughout the markets in recent weeks, and its negative effect is only beginning. This article will cover how Bitcoins (BTC) Silvergate slide affects the markets and how Big Eyes Coin, Solana (SOL), and Polkadot (DOT) are handling the current state of play.
A Run On The Silvergate Bank
News for Bitcoin is going from bad to good to worse again, as a volatile market is causing headaches for investors. Silvergate Bank winding down its operations has caused the market to go into freefall over the past couple of weeks as both Bitcoin and Ethereum (ETH) are down 8% over the past seven days.
As Bitcoin led into March, they were chasing $25,000; however, in the past few weeks, its price has dropped to $21,640, according to CoinGecko. Ethereum has fared no better as they are tanking a three-week low of $1,531, very far from the once-historical high of $4,878 back in the heady days of November 2021.
Polkadot Forcast Looks Sunny
Once described as the next generation of Blockchain technology, Polkadot has created a long-standing and diverse multi-chain framework. Polkadot may sound like a fun dance from the 60s, but they are a thriving ecosystem that has garnered a respected place in the industry for resolving networks’ limitations.
With a bear market grizzling the land of crypto, artificial intelligence has given Polkdot reasons to be cheerful. In a recent AI report, Polkadot has a very positive forecast for 2023. AI algorithms have suggested that the price of the DOT will slowly increase over the year, potentially reaching an all-time high as they near the end of the year.
Solana Is Excited About Revamp
They say that the devil is in the details, always read the small print, and what is a smart contract anyway? Solana is a specialist in the smart contract arena, a crypto function that helps decentralized transactions stay fluid, secure, and competitive. Solana has enjoyed a flexible platform with a unique and open source throughout the industry.
Last year Solana announced a new collaborative infrastructure protocol aimed at improving collaboration within its Decentralised Autonomous Organisation (DAO) while also having increased focus transparency. The Solana Squad website revamps are soon to be released; they received $5m in strategic funding, which will help investor confidence as the skittish market looks for positives.
Big Eyes Coin Opening Up The Vault
There is always room for one more meme coin, and it’s often that last one that makes the difference. In a crowded market riddled with uncertainty Big Eyes Coin is displaying investor resilience as they hit $31.29m in presales. During the early phases of any crypto project, the presale is the perfect opportunity to hone the trajectory of your concept; the cat-themed meme coin Big Eyes Coin has proven that its developers have struck crypto gold!
The ethos behind the new altcoin is to shift wealth to the decentralized financial ecosystem by self-propagating and sharing adorable memes. The cats behind Big Eyes Coin want to reduce lag-time and produce evidence-based hype; as they say, “A lot of cryptos is hype and no trousers” – well, Big Eyes Coin aims to deliver what they promise.
Another reason for increased investor confidence in the budding altcoin is due to a central focus on reducing its carbon footprint to zero and funneling its charity wallets to ocean-based initiatives. Another proven way to drive investors to your concept is via loot boxes, and Big Eyes Coin has created a new treasure trove.
If you head down to the kitty cats website and use its new ‘Vault pin,’ 819, you will be gifted a loot box, depending on your purchase. If you spend just $100, you’ll earn a ‘Saver Tin’ with a chance to win $10,000 BIG. If you spend at least $5,000, you will get a lovely ‘Kitty Vault’ with loot with up to $25,000 worth of BIG. If you dig deep and cough up $10,000, you’re in the game to win up to $100,000 worth of BIG with the ‘Super ‘Saiyan Box.’ Finally, if you spend $100,000, you’ll get the Excali-Paw Chest with the opportunity to get up to $1 Million worth of BIG; good luck!
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