As predicted by experts, the global cryptocurrency market has slumped below the $1 trillion mark, indicating that the market is trading in the red zone. Having posted a global market capitalization of $1.09 trillion at the beginning of February, the market cap has fallen sharply to $997 billion a few weeks later. It shows a 24-hour trading volume of $53.19 billion, a 60.24% increase from the previous day.
The prices of Bitcoin (BTC) and Ethereum (ETH), the top two currencies in the market, have also seen sharp declines. Nevertheless, experts remain optimistic, referring to the current phase as the calm before the next bull cycle. Notably, although the global cryptocurrency market is currently trading in red, investors are confident in cryptos like UNUS SED LEO (LEO) and Toncoin (TON) and new tokens like Big Eyes Coin (BIG) would give the next bull cycle the push it needs.
Big Eyes Coin, The Gen Z Crypto
While there appears to be a scurry within the crypto world amidst the scrutiny of the US Securities and Exchange Commission and an investigation into cryptocurrency exchange Kraken for alleged security law violations, Big Eyes Coin (BIG) has not faltered in its ambitions to become the next big meme token in the market.
Now in stage 11, Big Eyes Coin has raised $25.78 million in presales and it continues to sell at a rather impressive pace for a new entry in the crypto market. And in a new announcement, Big Eyes Coin says it has made a few tweaks to its ongoing promotion code ‘LAUNCHBIGEYES200‘ which investors can use to increase their returns. With the latest upgrade, investors buying in stage 11 can now use the bonus code and earn a 300% return on purchasing a BIG token at launch as opposed to the 200% offered earlier.
Big Eyes Coin has also expanded its purchasing portfolio by introducing 5 new currencies that it would accept to purchase a BIG token. In addition to Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), investors could now use Bitcoin (BTC), Tether (TRC20), Dogecoin (DOGE), Binance USD (BUSD), and TRON (TRX) to purchase a BIG token.
Read also: Big Eyes Coin and Apecoin are 2 top Altcoins on every investor’s watchlist
In addition to its wealth-generating goals, Big Eyes Coin also aims to give back by holding 5% of the total token supply to be donated to various ocean-saving charities. It also plans to use its Proof-of-Stake consensus to eliminate the process of crypto mining, which harms the atmosphere.
UNUS SED LEO Projections of Further Volatility
Upon assessment of the cryptocurrency charts, UNUS SED LEO (LEO) was one of the few cryptocurrencies to show an upward trajectory within the last 24 hours. UNUS SED LEO was trading at $3.38 with a market capitalization of $3.2 billion. It still, however, does not take away the fact that UNUS SED LEO has had a weekly downward trend of 4.63% and is expected to move along in a bearish manner over the next few days.
The maximum increase is expected not to cross $6, while the estimated average trading value will be $5.25.
Toncoin, Trading Stable in Green
Toncoin (TON) has suffered extreme volatility since mid-December with its price fluctuating between $2.51 and $2.10. At the time of writing, TON’s price was trading at $2.29, up 2.05% from the previous day, and also showed a weekly growth of 0.23%.
After a prolonged consolidation, investors were awaiting a conclusion to see which direction Toncoin’s price would take after experiencing a rather challenging trading environment since last year.
At the time of writing, Toncoin held a market capitalization of $2.7 billion with a 24-hour trading volume of $33 million and was among the top trending cryptocurrencies of the day.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Technext Newsletter
Get the best of Africa’s daily tech to your inbox – first thing every morning.
Join the community now!
