Is there life yet in the cryptomarket? Bitcoin has melted up in recent days after a very steady rise post Xmas and into the New Year period, breaking out above the $17000 level overnight:
This is likely on the back of the rise of meme-coins that are coming back into fashion. Via Forbes:
The price of some big so-called memecoins—cryptocurrencies such as dogecoin and shib inu—that rocketed over the last two years have crashed back in recent months but have held onto some of their gains better than many had expected—helped by Tesla billionaire Elon Musk.
Now, a solana-based cryptocurrency called bonk that’s also based on the shib inu doge meme is trying to recreate the success of earlier memecoins—racking up a 2,500% price rally despite the devastating crypto crash that’s plunged the biggest crypto companies into crisis.
Not just bunk, I mean bonk, but there is another animal-based memecoin that is supposedly more environmentally friendly:
Big Eyes Coin (BIG) is a meme coin that is a full-on community token, aiming to shift wealth into the DeFi space. Big Eyes has its sights set to become one of the most notorious, big, and talked about meme coins in 2023.
Big Eyes runs on the Ethereum network, which was successfully launched in September 2022. Ethereum now runs on the more energy-efficient proof of stake protocol, which is 99% lower in energy expenditure and electronic waste than proof of work validation. This makes Big Eyes much more sustainable than Dogecoin and Bitcoin and is focused on directly contributing to helping out the environment.
What sets Big Eyes apart from other meme coins is that 5% of all its tokens will be held in a visible charity wallet and used to contribute to ocean conservation projects and to protect marine life. This means that not only are you investing in something fun, but you’re also investing in something that’s helping the world by protecting and conserving the planet.
Ethereum is having another day in the sun too with a recent breakout after losing almost all its value in the last year:
