Crypto News Today: Big Eyes Coin Still Selling On Presale, XRP Is Delisted From Coinbase
The crypto market has been tumultuous for several crypto assets, and despite Big Eyes Coin (BIG) not having yet launched, its momentum has been slightly affected by the market condition. However, it still poses the same profit potential as before, and it could be wise for investors to accumulate as many tokens as possible before the presale ends.
Big Eyes is popular for raising a million dollars in the first week of the presale, only a few months after the market experienced the first wave of crashes. The project has now raised over $11 million across its various group stages and is primed to be the biggest project out of the memecoin landscape as soon as it launches.
In other news, XRP could be getting some negative sentiments as Coinbase Wallet is dropping support for the token alongside other crypto assets like Bitcoin Cash (BCH), Stellar Lumens (XLM), and Ethereum Classic (ETC). This is a result of low usage of the wallet; however, one could argue that XRP has specialized wallets created to work seamlessly with the network’s ecosystem. XRP is currently in a dilemma and does not need any more negative news with its SEC case.
XRP is a cryptocurrency created to help financial institutions like banks explore a more open, cost-efficient infrastructure. The token aims to help migrate transactions from databases to the blockchain, which significantly cuts costs for the firm in question. The cryptocurrency was launched in 2012 by an American firm, Ripple, and it was a promising solution for the future of finance.
One hundred billion XRP tokens were pre-mined at launch, and it was subsequently distributed to specific companies, individuals, etc., and sparked concerns for the decentralized nature of the platform. This was also one of the reasons why the SEC filed a case against Ripple, claiming that the token issuance violated SEC laws and that XRP is a security asset. This has resulted in a back-and-forth situation between both parties and the court, with the provision of evidence and documents.
RippleNet’s blockchain infrastructure aims to enable fast, low-cost, and easy cross-border transactions with banks. As a result, it is a feasible alternative to the Society for Worldwide Interbank Financial Telecommunication, which most institutions currently utilize. This is one of the reasons the XRP community still holds high hopes for the crypto asset despite months of a downtrend.
Big Eyes Coin (BIG)
Big Eyes is a new memecoin project that has garnered massive hype over the last few months and looks like the next big thing with memecoins. Crypto enthusiasts and most memecoin lovers have taken their eyes off Dogecoin (DOGE) and Shiba Inu (SHIB) because both tokens are overpriced for the signature memecoin pump. Memecoin pumps are known to be explosive and even popular for making people rich overnight. In search of possible projects that could replicate past memecoin success, Big Eyes (BIG) has emerged as a big contender as the memecoin has the most momentum on presale.
Big Eyes aims to create a self-propagating community that wants to enable giving back to the community. The memecoin project would use utilities across DeFi and NFTs to create value for its community. The tax system in the ecosystem would be giving back to holders, and some percentage has been dedicated to a charity wallet that already holds 5% of the token supply.
Big Eyes is primed to go to the moon; the presale is the safest method of entry you’ll find. Join the Big Eyes presale here now.
Read More: Crypto News Today: Big Eyes Coin Still Selling On Presale, XRP Is Delisted From Coinbase
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