Imagine you suddenly came across an extra $1000 that you could only invest in two meme tokens: Dogecoin (DOGE) or Big Eyes Coin (BIG). What would you do?
Although a seemingly implausible situation, this is the kind of question many investors face on a daily basis when it comes to buying cryptocurrencies. And considering the volatility and unpredictability of the crypto market, it is a highly challenging decision dependent on multiple complex factors.
So returning to that all-cumbersome question: if you had $1000, would you invest it in DOGE or BIG?
In 2021, Dogecoin became a household name due to its $75 billion market capitalization and promotion by Elon Musk.
Established in 2013, Dogecoin was the first ever meme coin to exist. Created to poke fun at serious cryptocurrencies like Bitcoin (BTC) and build a strong accessible community, Dogecoin has led the meme coin market ever since its existence.
Pros: Dogecoin’s value is extremely low. Even at its all-time peak in 2021, one DOGE cost just five cents, making it a very accessible cryptocurrency for beginners.
Additionally, because Dogecoin’s value is only cultural, if Dogecoin blows up (as it has been done before), holders will rake in enormous profits. Backing this up is also the fact Dogecoin is still the most popular and well-known cryptocurrency. It has a much greater chance of taking off again.
Cons: While its lack of intrinsic value is an advantage, it is also a great disadvantage. As cultural value is often defined by internet trends and memes, Dogecoin has no future stability. As we all know, the lifespan of memes is often incredibly short. If Dogecoin falls out of favour, it will be in deep trouble.
If you care about the environment, Dogecoin may not be the smartest decision either. Dogecoin uses a proof-of-work consensus mechanism to validate transactions. This is a highly energy-consuming process that is not environmentally friendly.
Although very new, Big Eyes Coin is proving to be an incredibly successful meme coin during its presale. Having already raised over $10,000,000 in a few months, the presale of this meme coin can be seen jumping by half a million in a single day.
It is hard to imagine an unreleased meme coin could garner nearly 60k Twitter followers, but Big Eyes Coin has managed to hit the nail on its head. And that is despite the ongoing bear market.
A Defi community-based meme coin centring around a cute cat aiming to save the world’s oceans to continue eating fish, Big Eyes Coin has a lot to offer.
Pros: Because Big Eyes Coin is still in presale, it is an excellent time to buy in on this well-performing meme token. Once it is released to the market, the price of BIG will ultimately spike. Additionally, the price rises 25% at each stage of the presale. If an investor buys a token when the price is low, they can make a profit later.
Unlike Dogecoin, Big Eyes Coin is underpinned by its environmental stance. Once all the tokens are released, 5% will be visibly held in a charity wallet that will then be donated to ocean sanctuaries. Additionally, a merch store and NFT events will also fundraise for charities.
Cons: Big Eyes Coin is a presale meme coin. Many would fear being subject to a classic rug pull upon a market release (as seen with Tamadoge (TAMA)). However, Big Eyes Coin has had its contract fully audited by Solidity Finance with the outcome that it is 100% secure. Likewise, the feline’s team has been verified by CoinSpniper to ensure anti-rug measures are in place as well as complete project security.
Another concern many might feel is that because BIG is a new token, there is not any way of predicting how it will perform under market conditions. All there is to go off is the success of the presale.
Use the code BEYES4120 for a BIG bonus.
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