Let’s dig into the past a bit. After all, history repeats every now and then. Meme coins started as a joke, but jokes are contagious, and when enough people start believing in them, the joke is worth billions. (8 billion if we take Dogecoin as an example).
Big Eyes Coin (BIG) set a record of raising $30 million in its pre-sale. The cat-themed coin arrived amidst the crypto winter and amid rows of backlashes and regulatory concerns in the space. Here we dive into why meme coins are critical in the economy and a note on how Aptos and Graph coins are jumping ahead.
Meme Coin Rush: The Psychology Behind It
Now, why are people investing billions in these ‘so-called jokes’? To understand the meme ecosystem, we must learn three keywords – Community, memes, and social media trends. The power of the community shapes the price of these coins. For instance, fans of the Reddit boards r/CryptoCurrency and r/SatoshiStreetBets sought to raise.
Dogecoin prices resulted in an increase of 370% in the price of the cryptocurrency. Dogecoin’s price surged by more than 12,000% between January and May 2021 and achieved a market capitalization of more than $90 billion, which is partially driven by Elon Musk and other celebrities’ investments.
Combine the amusing meme culture with genuine economic advantages and you have a real meme coin that endures – BIG is certainly one of them.
Big Eyes Coin: Join the Top 1%
With $30mn raised, Big Eyes Coin (BIG) is drawing the attention of many heavy investors. The upcoming meme coin plans to create a close-knit community and hopes to play a key role in the DeFi [Decentralised finance] movement. Unlike its peers, Big Eyes is also set on its purpose. It plans to allocate more than 5% to preserve the ocean ecosystem. A key reason why many meme coins failed was due to the lack of reason, they relied entirely on hype and not on utility, making Big Eyes stand out.
A 390% return seems phenomenal – well that’s what Big Eyes have returned to its stage 1 investors. Currently, at stage 12, the Big Eyes Coin offers a 17.85% ROI and the trend is only gaining heat. BIG seems to be turning on the heat further with its exciting ‘Loot boxes’. For curious investors, Loot boxes can return up to 5000%. Loot boxes come in three shapes: Cute Box ($99), Kitty Vault ($499), and Super Saiyan ($999), at press time. (Plan & Win BIG)
Buzz around Aptos and Graph
The value of the Aptos (APT) network nearly immediately rose after PancakeSwap, a well-known decentralized exchange (DEX), announced that it would proceed with executing its multichain deployment on the network. A PoS (proof-of-stake) Laye-1 blockchain is Aptos.
A popular and continually expanding blockchain system called Aptos is based on a specially created programming language called Move. Several people consider Aptos to be an excellent substitute for Ethereum and other comparable altcoins. Without a doubt, given the increasing demand for APT, now is the ideal time to invest in Aptos.
The market capitalization of Graph has skyrocketed beyond $1 Billion. The Graph protocol’s ability to facilitate developers’ access to data from numerous blockchains without requiring them to manage their nodes is one of its main advantages. The protocol can manage massive volumes of data from several blockchains because it is also scalable.
In conclusion, while the crypto market is still volatile and regulatory concerns persist, the success of meme coins like BIG, Aptos, and Graph demonstrate their potential to shape the future of the economy.
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