Dogecoin Is Up 130% This Week Amidst Musk Twitter Purchase. But What Is Next For The Crypto Economy?

SPONSORED POST*

Dogecoin, as of writing this article, is up over 130% this past week. This has happened in response to the purchase of Twitter by Billionaire and crypto enthusiast Elon Musk, who is a major advocate for the token, seen frequently integrating Dogecoin payment options into his companies like Tesla. 

It is not just Dogecoin that has benefitted, however, as cryptocurrencies across the market have seen an increase in value this week. As such, many investors are looking for wise investments to get behind for the chance of making big returns in the current bull market, with Dogecoin being just one option amongst many.

In this article, we will discuss the potential that the Dogecoin value spike may have for the crypto economy as a whole, and two crypto projects that are worth considering if you are looking to best benefit from the current market conditions: Polkadot and Big Eyes Coin.

Will Dogecoin Take Crypto Mainstream Amongst New Twitter Ownership?

Twitter is one of the top 10 most popular social media platforms in today’s digital market, with current estimates suggesting that the platform hosts roughly 400 Million users- around 5% of the world’s population. 

With these numbers and the potential for Dogecoin to be integrated into the Twitter experience on a base level, there is a legitimate opportunity for Dogecoin to bring the potential of cryptocurrency to the masses. With this, the sky truly is the limit for Dogecoin, with the upcoming growth of the token challenging to predict as news continues to unfold regarding Musk’s Twitter takeover. 

Investing in Dogecoin now, therefore, could result in many benefits for those willing to take the leap. How far Dogecoin will go, however, is still yet to be seen. 

Will Dogecoin Hit A Glass Ceiling? Then Polkadot Holds Potential

While the current growth of Dogecoin is certainly impressive and is unlikely to stop anytime soon, the question of just how much growth remains for Dogecoin should not be overlooked when choosing how to invest in the current market.

One option that may yield good returns is to invest in a cryptocurrency that is yet to explode in value, as these tokens still have the opportunity to later down the line. 

For example, despite current market conditions, Polkadot has received less attention than its peers, only being up around 11% this past week. This means that there is still major room for growth for the project, with Polkadot still having a chance to catch the wave caused by Dogecoin. 

Polkadot is also a project with huge utility, meaning that even when the bull rush settles, there will still be a place for Polkadot in the market. This means that HODLing may also be an investment option, and makes Polkadot a worthy project for further research.

Can Big Eyes Coin Utilise The Meme Token Gold Rush?

With the explosion of Dogecoin made possible by Musk’s Twitter acquisition, the meme token market as a whole has seen itself experiencing a period of growth. Almost all of the top 10 meme tokens by market capitalization have been increasing in value this week, making the market a lucrative one to get involved with at this time.

One such project that is worth considering is Big Eyes Coin- a cat-themed meme token that has been causing quite a stir after raising almost $9.3 Million in a presale period that has only lasted roughly two months.

The project, which utilises many features including a community-driven NFT project, an integrated charity drive, and a dynamic tax system, has been fully audited and verified by Solidity Finance and Coinsniper, ensuring that the project is secure. This allows potential investors peace of mind when getting involved with the project. 

The project is notable for its rebelliousness against meme token market conventions, setting itself apart from the crowd and providing a refreshing alternative to the imagery and ideas typically seen within projects in the sector. This allows the project to stand out in the crowd, meaning that upon leaving presale and entering the general market, Big Eyes Coin will be in with a chance of truly shining in the marketplace.

And, if the meme token market continues to grow as it is currently, who is to say what sort of public market Big Eyes Coin will be entering?

Sounds interesting? Then be sure to use code BIG110 for bonus BIG tokens at purchase!

You can also find out more about Big Eyes Coin at the following links:

Presale: https://buy.bigeyes.space/ 

Website: https://bigeyes.space/ 

Telegram: https://t.me/BIGEYESOFFICIAL 

*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.