BTC Battles External Forces As Best Meme Coin Of 2023 Pepe Is On Fall And Big Ready To List On CEX

BTC is battling the external forces with resilience as PEPE is on the verge of death and BIG ready to rise on CEX.

Updated on: 6 June 2023 9:08 pm

Big Eyes Coin

The cryptocurrency PepeCoin (PEPE) had a wonderful, meme-inspired launch, but it is now in danger of going downhill. The resilience of Bitcoin (BTC), despite a sharp decline in value, is being put to the test by outside forces.

Big Eyes Coin (BIG) is presently the focus of a great deal of expectation due to its partnership and listing on the centralized exchanges, OKX and Poloniex, and predicted increase in value. The three cryptocurrencies mentioned above are a fantastic illustration of how the world of virtual currency is continually changing.

Bitcoin's Battle: Resilience Tested Amidst External Forces

Bitcoin struggles to hold onto gains in the face of outside criticism. Although the debt limit issue has been resolved, the US dollar's strength, the Federal Reserve's hawkish stance, and encouraging economic statistics feed market expectations of interest rate increases.

Despite its resiliency last week, BTC/USD was affected by remarks made by Fed official Loretta Mester that were reported in the Financial Times. Mester feels there is a strong justification for continuing rate rises until the economic situation is more evident and sees no reason to stop raising rates. Governor Bailey of the Bank of England shared similar views, recognizing the persistent economic unpredictability and related difficulties for forecasting.

It is essential to keep a wider perspective while going through a difficult month like May. Even with the performance over the past 90 days, Bitcoin has still managed to rise positively since its closing price in February by about 14.5%. In the tweet published by Glassnode below, the performance of Bitcoin during the same time period is highlighted, along with comparisons to WTI, Gold, and Silver.

The Rise And Fall Of PepeCoin (PEPE): A Meme Coin's Uncertain Journey

In April 2023, the PEPE coin entered the cryptocurrency market, sparking a frenzy and making meme coin millionaires. However, it started a steady descent after a bullish spike at the beginning of May, as is typical for highly volatile meme coins. On Twitter, Glauber Contessoto and @DogeWhaleAlert both shared their thoughts on PEPE. A snapshot of PEPE's declining price trend from CoinGecko was shared by @DogeWhaleAlert, and Dogecoin success story Glauber Contessoto tweeted, "$Pepe is officially dead."

Despite the worries expressed by Glauber and DogeWhaleAlert about the future of PEPE, Crypto Jesus finds Glauber's tweet intriguing and contrasts it with Jim Cramer's investment advice. Despite this, PEPE's price is still falling and is currently valued at $0.000001235 with a $483,546,415 market cap, highlighting the turbulence of meme coins and the unpredictability of PEPE's future.

Big Partners with OKX And Lists on Poloniex On 15 June

For June 15th, Big Eyes Coin (BIG) has secured the OKX partnership and Poloniex listing. Big Eyes are now positioned to compete fiercely for meme currency because of this collaboration. Only one day remains in the presale for BIG tokens at $0.00017, so act quickly. BIG tokens can be held conveniently on OKX, a top exchange with a daily trading volume of over $500 million.

Additionally, the presence in continental Europe is strengthened by listing on Poloniex. The Big Eyes community is thrilled as BIG creates waves in the meme coin industry.

The world of cryptocurrencies is constantly evolving, with both successes and difficulties. While Big Eyes Coin (BIG) builds anticipation for its impending launch, Pepe Coin (PEPE) emphasizes the erratic nature of meme money. Despite external challenges, Bitcoin (BTC) exhibits resiliency. It's crucial to stay informed and keep a wider perspective as we travel through this unpredictable environment.