Cryptocurrency has been in the spotlight more and more in the past few years. Cryptocurrencies are popular for many reasons. Its decentralised nature ensures the following benefits: Elimination of Bank Role- When transferring traditional money, the bank will charge people fees as an intermediary. Regarding cryptocurrencies, the blockchain’s network participants themselves serve as intermediaries and are only paid minimally for this service.
The main appeal comes from the huge ups and downs of the crypto market. Many people who invest in crypto coins early on or when the cryptos are experiencing a bear market stage many people will sell and make money. Some of these crypto investors become overnight millionaires! Though not common, people have and still do make money via crypto.
Big Eyes Coin (BIG) is an up-and-coming meme coin that is still in its sixth pre-sale stage. The coin is yet to be released; however, it has already made a huge $9.38 million. This large stream of early investors shows just how much potential this new meme coin has.
The coin is based on an adorable anime-styled cat, another reason as to why people are attracted to it. Many people are currently invested in anime, with numbers in the western hemisphere at their highest. Investing in a coin showing this much potential early on could yield massive returns.
Dogecoin is the first-ever meme coin and was created in 2013. The coin began as a joke or, as the accurately coined name, a meme. Memes are internet jokes that are shared and can go viral, which was the case of the doge meme that inspired and, in the case of the doge meme, went viral.
The creators were inspired by the meme of a Shiba Inu dog and created Dogecoin as a funny response to Bitcoin. The coin eventually blew up after Tesla CEO Elon Musk showed continuous support on Twitter. Now that Musk has purchased Twitter, investing in Dogecoin would be a great investment as it’s anticipated to continue to increase in price.
Ethereum (ETH) is currently the second biggest cryptocurrency, second only to Bitcoin. This crypto has one of the most secure blockchains in the crypto market. With the recent Merge event that occurred in September of 2022, significant changes may be in store for the crypto future.
The merge has caused Ethereum to produce 99% less greenhouse gas emissions and now has a much smaller carbon footprint than fellow crypto giant Bitcoin (BTC). In a world full of environmentally conscious, Ethereum may make an excellent investment.
Shiba Inu (SHIB) is another meme coin like Big Eyes Coin and Dogecoin. Similar to Dogecoin, Shiba Inu also uses a Shiba Inu dog as a mascot. The coin was released in 2020 after Dogecoin’s success.
With Elon Musk’s recent Twitter acquirement, any Doge-Esque meme coin is thought to shoot up in price and popularity. Investing in this coin before another price rise may make you earn fast money.
Litecoin was made as an alternative to Bitcoin. It is a de-fi system and, therefore, has no centralised authority as one would with a bank. As an altcoin, Litecoin has its own blockchain. It has a much faster transaction time than your average crypto at 2.5 minutes per transaction.
Though it isn’t as popular as the leading two cryptocurrencies, Bitcoin and Ethereum, Litecoin is making its way up the ranks and could prove to have huge returns this November.
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Big Eyes Coin (BIG)
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