With the advent of the New Year, a series of good news has started to flourish for the crypto world. Weeks ahead of the upcoming launch of the much-hyped Big Eyes Coin, the meme coin has already started to turn green. This brings the much-needed optimism and euphoria which was largely missing in the previous year.
1. New Year Brings New Gains for Bitcoin and Ethereum
In a major development Monday, Bitcoin’s value rose despite the bankruptcy of another cryptocurrency company. Traders are betting on the Federal Reserve to cut interest rates, which has contributed to a brief surge in the price of Bitcoin to over $23,100. This marks an increase of almost 39% since the start of January.
Similarly, Ether, the second-largest digital coin, also witnessed a significant increase Saturday, reaching as high as $1,664.78 for the first time since November 7, 2022.
2. Optimism Prevails in the Crypto World
Investors are optimistic about a reversal in monetary tightening, which caused market uncertainty in 2022. The Fed and other central banks had begun cutting interest rates, causing a decline in risky assets such as stocks and digital tokens.
Publicly-listed tech stocks and venture capital-backed start-ups were particularly affected as investors sought safer options such as cash and bonds.
3. Is it the Right Time to Invest in Cryptocurrencies?
People have their exclusive ways of looking at market proceedings. While some take an exit amid high volatility in the market, others find it just the kind of opportunity they had long been waiting for. It all depends on different factors, some of which are discussed below.
a. Consistent Surge for Bitcoin and Ethereum
As the value of Bitcoin and other cryptocurrencies has been increasing, some investors see it as an opportunity to purchase coins at a relatively lower price and potentially sell them at a higher price in the future.
b. Rise in Global Acceptance of Cryptocurrencies
The increasing interest and adoption of cryptocurrencies by mainstream institutions, such as corporations and financial institutions, could indicate a growing acceptance and potential long-term stability of cryptocurrencies.
While China and India have a stern stance over crypto trade, countries like Japan and South Korea have already legalized trading in cryptocurrencies. Binance, the world’s leading crypto exchange based on trading volume, was granted preliminary approval by the Abu Dhabi Global Market (ADGM) to function as a broker-dealer in digital assets in April last year. With the rise of global acceptance, things are looking better than ever for cryptocurrencies to make significant gains.
c. An Increased Interest in Blockchain Technology
The growing interest in decentralized finance (DeFi) and the increasing use of blockchain technology in various industries, could lead to increased demand and value for cryptocurrencies.
DeFi has been growing in popularity because it allows for more accessible, transparent and secure financial services, as well as the opportunity for higher returns on investment. The increasing use of blockchain technology in various industries, such as supply chain management and digital identity, also has the potential to drive demand for cryptocurrencies.
Together, the growth in DeFi and the increasing adoption of blockchain technology in various industries, are creating more use cases for cryptocurrencies and driving demand for them. It can lead to an increase in their value in the coming months and years.
4. Big Eyes Coin Offers Big Room for Gains
Amid a global rebound in the value of cryptocurrencies, a majority of investors opt for the top players like Bitcoin and Ethereum. However, the profit margin of the bigwigs hits the roof after a certain period. This is where investors look for other options where they can enjoy a good return on their investments. Big Eyes Coin, also known as BIC, has popped up as an alternative just at the right time.
Want Extra Value? Hop On!
BIC is a relatively new cryptocurrency that is built on the Ethereum network and has already raised $18 million in its presale. It is focused on being a meme-based coin which is getting all ripe for a worldwide launch very soon. The coin has unique features such as exciting plans, attractive offers, and a charity wallet, which set it apart from other coins like Bitcoin and Binance Coin.
Big Eyes Coin is generating a lot of buzz with its new promotions, such as LAUNCHBIGEYES200 which provides buyers with an additional 200% bonus on their tokens. Get your fair share of the promotion and enjoy the whopping 200% bonus on your tokens today.
Big Eyes Coin (BIG)
*This article was paid for. Cryptonomist did not write the article or test the platform.