Big Eyes Coin has raised a tremendous $31 million from its presale.
Crypto is having a tumultuous week, with banks lending to crypto collapsing and regulation looming. But there are also silver linings in the crypto world as Big Eyes Coin looks to launch after its stellar presale and bitcoin touch $26k in value. Ethereum, meanwhile, is anticipating greater regulation which could bring mixed fortunes for the cryptocurrency.
Big Eyes Coin Gears Up for Launch.
Big Eyes Coin is having a stellar presale with the cat crew raising $31 million. The Big Eyes team have announced that the meme coin is nearing the end of its presale and will soon launch on the Uniswap platform. The token is the latest to join the meme coin bandwagon and has doubled down on its cat-themed ecosystem. Big Eyes Coin is making waves with investors being offered Loot boxes, boxes with a random number of Big Eyes tokens. The coin is now offering triple the amount of Loot boxes with the launch of Vault Pin 300. Using Vault Pin 300, users can get 300% loot when they $100 on tokens or Loot Boxes.
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The altcoin has a stated goal of giving back to the community, with 5% to be stored in a publicly visible wallet. Tokens in that wallet will be donated to charity and environmental protection causes. BIG has recently donated $1000 to the Malala Fund for its efforts in furthering education for women and girls. The cat crew community has also donated to other charities like Help Animals India and the Orca Network.
Bitcoin Touches $26k in Latest Climb.
Bitcoin touched $26k in value in the latest bull run. The premier crypto has defied the prevailing climate of uncertainty in the crypto market to record its highest value in over three months. The latest gains of bitcoin have resulted in a price increase of nearly 57% year-to-date. The price rise is helped by cooling inflation in the US and news that the Fed is likely to hold its plans for interest rate hikes.
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Ethereum Proof of Stake Stares at Regulation From the SEC.
US Securities and Exchange Commission chair Gary Gensler has signaled that cryptocurrencies using Proof of Stake protocol like Ethereum should be regulated as securities. Gensler commented that Proof of Stake cryptos are promoted as securities, offering returns. The comments by the SEC chair gave rise to concerns that Ethereum using PoS will face greater scrutiny from regulators and will likely hamper Ethereum’s plans to transition to PoS protocol.
The prospect of PoS facing regulation has, in turn, turned investor focus on Ethereum Proof of Work. The developers behind the Ethereum PoW commented about plans to set up EthereumPoW One, an all-in-one DAO ecosystem. The creators hope the DAO will help NFI projects and decentralized finance projects to emerge from its platform.
The possibility of regulation on Ethereum PoS powered Ethereum PoW’s token ETHW to climb 4% since March 16. The coin has registered gains of about 11% since last week.
Big Eyes Coin and Bitcoins are powering crypto’s climb from uncertainty while crypto faces never before seen scrutiny from regulators around the world. The stellar performance of BIG in presale is a testament to the bullish sentiment behind the token. Bitcoin, likewise, is looking at a bullish 2023.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
