Will These Cryptos Lead the Industry to Recover? Big Eyes Coin, Ripple, Ethereum
4 min read . Updated: 03 Feb 2023, 07:31 PM IST
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Big Eyes Coin (BIG) is built on the Ethereum blockchain and rests on a community whose passions in life go far beyond their love for cats. They also advocate for the protection of aquatic life and a more environmentally conscious planet overall. BIG has already made $21M in presale funds! With 5% of all investments donated to charities that protect our oceans against harmful fishing and pollution, this equates to $1.5M in charity donations. It’s no secret that gaining $21M before a coin has even launched is a big deal and a fantastic entrance to the world of crypto.
Why do experts predict the success of BIG? Well, the coin’s sweet aesthetic and cat-themed community will continue to inspire interest, but there is more to it than that. BIG aims to offer its users scalable, fast, and safe operations that can be achieved because of the Ethereum Merge. In addition to their charity work, they also operate eco-friendly mining practices that use less energy. They also plan to heavily promote the launch of The Sushi Crew, their NFT, that will reward its community with a selection of benefits including freebies. Note there are only 48 hours left of the presale! If you are interested in investing in BIG at its lowest, follow the launch code LAUNCHBIGEYES200 and enjoy 200% off on any amount you spend.
Will the Shanghai Network Upgrade Drive ETH to $5,000?
Despite the bear market that caused Ethereum (ETH) to suffer numerous drops in 2022, among other popular altcoins, ETH has already managed to rise in value by 30% in the month of January. After months of the coin stagnating at $1,500 range, it finally managed to break out from its 1,600 resistance and has been stabilising since. While ETH hasn’t hit $2,000 again since the 2022 May merges, experts predict that we may be on the brink of a bullish run that pushes the EYH value past the 2,000 all the way to the 2,500-3,000 mark by the end of summer.
The main reason for forecasting success this year for ETH thanks to the Shanghai upgrade anticipated for March, which is the next upgrade for the ETH network. The headline improvement will be EIP-4895: Beacon Chain Push Withdrawals as Operations. This will allow validators to withdraw the ETH stakes that they deposited into the Beacon Chain when it was introduced in December 2020.
If all goes according to expectations, some experts believe the coin's worth could surge all the way up to $5,000 by the end of 2023. Prior to this, securing an APY staking reward required a minimum of 32 ETH, and was only a one-way street. With the Shanghai network upgrade, there is a higher chance that more users will HODL and stake their ETH, causing the ETH to rise.
Will Ripple Survive the Sec Lawsuit?
Ripple (XRP) is slightly different to most other cryptocurrencies. Instead of being created as an alt means of payment or fiat currency, it was invented for the purpose of creating a new method of calculation for the banking system. The aim of XRP is to facilitate high speed money transfers. This works through a system that uses a consensus registry that records information about the transactions. Other algorithms such as Proof-of-Stake base their power on the value of its balance. XRP is the main cryptocurrency developed by Ripple Labs. Experts have predicted that the token’s trading cost will be at a min trading cost of$0.559944 and a max of $0.689931. However, this heavily depends on the outcome of their legal dispute with the SEC. The head of Ripple has stated “We’re optimistic that this will certainly be resolved in 2023, and maybe [in] the first half. If their case ends smoothly, this is also a great long term investment with more predictions forecasting the XRP to cross over the $30 mark in 2031.
Big Eyes Coin (BIG)
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
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