Big Eyes Coin Takes A Quantum Leap Upward While Top Coins Like Bitcoin, And Binance Stumbles In The Market Volatility
In the Financial sector, Volatility means a deviation in the price of an asset. It creates profit opportunities and sometimes loss too. The extremely volatile nature of the cryptocurrency market portrays it as a risky investment. Though the market volatility is severe, cryptocurrencies are gaining popularity around the world. The market capitalization of cryptocurrencies stands at more than a trillion dollars. Though the price of cryptocurrencies is highly volatile, observing the market movement can help investors make a profit from it.
Bitcoin - Not An Exception
Bitcoin, the most popular top cryptocurrency, is also not an exception to market volatility. In early 2023, Bitcoin price was trading around 16.5K dollars. But in the middle of February, as Ordinals influenced the Bitcoin market, the BTC price suddenly shot up to 24.9K dollars making it the highest value in the past 6 months.
Ordinal NFTs are a new way of creating non-fungible tokens on the bitcoin blockchain. It was launched in January 2023. Ordinals allow users to transfer unique data containing digital assets. In February, ordinal minting reached a new high which resulted in influencing Bitcoin price.
Crypto market experts predicted that the ongoing ordinal hype could raise Bitcoin’s value to 30,000 dollars. But, the recently released US personal expenditure index is influencing the Bitcoin market in a negative way. The PCE index stands at 4.7 instead of the 4.3 forecasts which suggest that inflation is not ebbing as expected. Over the past 30 days, Bitcoin witnessed a 1.6% rise in its price, but in the past seven days, it suffered a 5.6% slip. The top coin is still struggling to gain the lost momentum.
BNB Slips Further
Binance is the fourth-largest cryptocurrency by market capitalization. Despite being one of the top coins, BNB is also suffering from crypto market fluctuations. The native token of the Binance, BNB, started the new year trading at around 240 dollars. In late January the coin once again crossed the $300 mark. But in the middle of February, Paxos' case affected the ascending journey of BNB. The US Security Exchange Commission accused Paxos of issuing and listing Binance USD. Binance is also facing regulatory concerns in the United Kingdom and Japan. In the UK, the Financial Conduct Authority ordered Binance to regulate activities in the country. It has been making the Binance Market more volatile. Over the past 14 days, BNB has decreased by 14%. The negative trend in the BNB market is predicted to continue for the days to come.
BIG Cat Takes A Quantum Leap
While the pioneers in the market stagger in the market fluctuation, the newcomer Big Eyes Coin is marching ahead on a progressive path. A single unit of the BIG token was worth only $0.0001 when the presale began in the third quarter of 2022. But, at the time of writing, the presale has successfully completed 11 stages. In its 12th stage of the presale, a single unit of BIG token costs $0.00049 which is a 390% rise from the initial price. To boost the presale, Big Eyes Coin announced loot boxes that could offer up to 5,000% return to investors without any loss.
Big Eyes Coin also released a Saver Tin box for just $9.99 that includes BIG tokens worth up to $500. Since the Big Eyes Coin is in the presale, it will not be affected by market insecurity like top coins. The cost of the BIG token will also see a steady rise till it is launched in the market. Hence, investors who wish to multiply their money multi-fold without worrying about market volatility can surely consider investing in Big Eyes Coin. Click the link below to learn more about Big Eyes Coin.
Big Eyes Coin (BIG)
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
