The meme coin trend started with the introduction of Dogecoin (DOGE) to the crypto market in 2013. The platform, created by Jackson Palmer and Billy Markus, was started as a joke. However, it quickly became one of the most dominant sectors of the crypto market.
Shiba Inu (SHIB) joined the market in 2020 as a competitor to Dogecoin and saw one of the biggest jumps in value, rising by 46,000,000%! However, there is a new cryptocurrency in town, called Big Eyes Coin (BIG). The new platform has been grabbing the headlines for its innovative features and high return potential. Let’s find out why these cryptocurrencies could dominate Q4.
Big Eyes Coin Hits The $2 Million Mark!
Big Eyes Coin focuses on being a community-driven cryptocurrency, allocating 70% of its tokens to the public during its presale. The presale has hit the $2 million mark, showcasing how popular Big Eyes Coin is becoming in the meme crypto community.
If you’ve ever wanted to own a cute feline NFT, you can! Big Eyes Coin aims to have an NFT collection in the top ten projects, with NFT events taking place each season. The Big Eyes Coin NFTs can be used to access exclusive events, including the Big Eyes Sushi Crew, which is a club for those holding Big Eyes NFTs!
Big Eyes Coin is hosting a 250k giveaway! That’s right, 250,000 precious BIG tokens are going straight to the community. The competition will pick ten winners, with the first taking home 100,000 tokens. The rest is divided between the other nine winners. The winners are announced when the competition ends on the 11th of December.
Dogecoin – Where The Meme Coin Market Began
Dogecoin currently boasts an impressive market capitalisation of $8 billion, according to CoinMarketCap. The mammoth number has catapulted it into the top ten cryptocurrencies, showing how crucial meme coins are in the crypto market.
Dogecoin has received regular attention from billionaire entrepreneur Elon Musk. Each tweet that Elon Musk posts to his 100 million followers have often resulted in a price spike for Dogecoin. When it was announced that Elon Musk would purchase a stake in Twitter, Dogecoin rose by 27%!
Dogecoin has fluctuated in value throughout its history. However, it shows its potential to explode in the future, making it a viable contender for your portfolio when the price is low.
Can Shiba Inu Overtake Its Main Competitor?
Shiba Inu has lived in Dogecoin’s shadow since its inception. However, the meme coin has provided fruitful returns for its holders throughout its short history, making it a desirable cryptocurrency to hold at the right time.
An Ethereum (ETH) whale has purchased 550 billion SHIB tokens ahead of the merge! Could this be a sign of a potential price rally in the future? All signs point to yes as Shiba Inu has increased by 1.43% in the last seven days at the time of writing.
The introduction of the Shiba Inu Metaverse could happen in Q4 of 2022. Is this the push that Shiba Inu needs to overtake its main rival, Dogecoin? Shiba Inu currently has a market capitalisation that is $2 billion smaller than Dogecoin. However, if one thing is guaranteed in the crypto market, it is surprises.
Dogecoin and Shiba Inu both have the potential to explode and dominate the market through Q4. Meme coins are known for their high return potential, helping some users earn fortunes through their price volatility.
However, meme coins often have a low utility which can result in a reduction in value. Big Eyes Coin takes the high return potential from its meme coin status and combines it with an ecosystem full of utility. If you’re looking for a token that could dominate Q4, let it be Big Eyes Coin.
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