Cryptocurrencies

Loses Of Over 85% By Bitcoin Cash & Cardano While New Crypto Big Eyes Coin Reels In Nearly $9M In Funding

The widespread economic instability and surging inflation have resulted in a global crypto winter. The crypto greed & fear index has been oscillating between fear and extreme fear, with the latest figure of 20 also indicating extreme fear.

Hence, all crypto asset prices have suffered immensely throughout 2022, with Bitcoin Cash (BCH) and Cardano (ADA) declining by over 85% from their ATHs (all-time highs). On the other hand, the new crypto project Big Eyes Coin (BIG) is progressing well, with nearly $9 million raised in funding in its presale. Before adding more about BIG, let’s first look at BCH and ADA.

Bitcoin Cash (BCH) – The Hard Fork That Hopes To Reclaim Its Previous Price Tag

The result of a 2017 Bitcoin “hard fork,” Bitcoin Cash (BCH) is a PoW (Proof-of-Work) blockchain network and cryptocurrency. It was created to overcome some of Bitcoin’s long-standing transaction capacity, time, and fees problems. The significant difference between the crypto and its predecessor is the block size — meaning BCH can process more transactions simultaneously. This also results in comparatively lower fees.

The project also underwent a fork a year after its formation and created Bitcoin Cash ABC (eCash) & Bitcoin Cash SV. At present, the project ranks among the top 35 on CMC with a market cap of around $2.1 billion. Currently trading under $120, BCH has lost over 97% of its value since its ATH of $4,355.62 in December 2017. Similar to BTC, its max supply is capped at 21 million.

Cardano (ADA) – Innovation At Its Finest

Named after the first computer programmer Augusta Ada Kind, Cardano (ADA) is a decentralized PoS (Proof-of-Stake) blockchain network. This project is the first to be based on peer-reviewed research and aims to be a development platform for dApps (decentralized apps). Last year, it underwent its Alonzo update, which allows the creation of smart contracts, NFTs (non-fungible tokens), and multiple asset management.

The project also saw its latest update, the Vasil hard fork, just a month ago. Ranking among the top 10 projects on CMC, ADA had a market cap of $13 billion at the last check. It reached a value of $3.10 last September to register its ATH and has since lost over 87% of its value. At the time of writing, the coin was trading below $0.5.

Big Eyes Coin (BIG) — The Newcomer!

BIG is an upcoming crypto project developed on the Ethereum blockchain. It is a community-focused meme coin with concrete goals and tokenomics. Based on a feline with cute “Big Eyes,” the project plans to push the DeFi (Decentralized Finance) ecosystem into a new era of popularity.

In addition to popularizing DeFi, BIG aims to save the world’s oceans by contributing 5% of its 200 billion supply to charity. Moreover, 70% of the supply is open to the public in its ongoing presale season, with another 20% reserved for exchanges like Uniswap.

Furthermore, to ensure project security and anti-rug, it has been verified by top crypto auditors CoinSniper and Solidity Finance. With the end of its stage one of its roadmap in sight, BIG will soon make its official debut in the market once the presale ends.

A Quick Guide to Buying BIG in its Presale

The meme coin can be purchased in its ongoing presale round five with 4117.65 BIGs against each USDT. All you need to do is visit their presale page and open your crypto wallet. Select the number of coins you want to buy and make the purchase using BNB, ETH, or USDT. You can then collect the coins after the presale ends.

To summarize, 2022 has been a tough year in all markets, including cryptocurrency. Projects like BCH and ADA have suffered vast losses this year. However, the upcoming project BIG has raised a good deal of funds in its presale and is continuously increasing its price. With the end of the ongoing round, its price will further increase to 3589.74 tokens against 1 USDT.