On Tuesday, crypto fleetingly regained a trillion-dollar market cap; however, a brief crash wiped these modest gains out the following day. Coming into this week, Bitcoin (BTC) and Ethereum (ETH) have both been basically flat over the past seven days, meaning that there might be a potential spike along the way.
On the back of this news, most of the altcoins also remained relatively stable, with one major exception: Big Eyes Coin has just wrapped up its second presale stage and is eyeing to finish its final round with $10 million in the bank.
Join me in today’s editorial to see whether this up-and-coming juggernaut of a meme coin can indeed smash its competition amid the growing concerns over the Solana network, which has just experienced yet another outage, leaving many investors disappointed. Let’s dig in.
What Is Happening To The Ethereum Killer?
According to data from Solana, a misconfigured node caused the Solana network to stop processing transactions and go offline on Friday. This was the fourth major outage for the popular blockchain since January, when it had a string of partial outages for most of that month. A misconfigured node caused an unrecoverable partition in the network, meaning that when it was the validator’s turn to produce a block, they produced one from each instance for the same slot. So some validators saw the one block, some the others, then couldn’t agree which one was correct.
There are a handful of projects labeled Ethereum killers, and Solana is one of them. It is a popular blockchain for minting non-fungible tokens, NFTs and making decentralized applications (DApps). After Ethereum’s Merge, Solana is now the third proof-of-stake blockchain by market cap behind Cardano and Ethereum. But if it continues to grow and rival Ethereum in the long run, the network will need to resolve its ongoing outage problem.
Big Eyes Coin: The Next Destination Is Uniswap
While Solana was having major problems with its network, Big Eyes Coin has been taking over the animal kingdom of meme coins. At the time of writing, there is $3.25 million in the bank, and it looks like this is not the limit for this anime-inspired cat. What’s the secret ingredient for success, you may ask? Unlike its closed competition, such as Dogecoin and Shiba Inu, Big Eyes Coin started building its vast ecosystem long before the project was launched. In order to provide utility for its native token BIG, the team decided to incorporate two NFTs and DeFi as flagmen of the project’s development.
To ensure the community’s continuous involvement, Big Eyes Coin will hold monthly NFTs contests with a fixed 10% tax on each sale of your favorite JPEGs. With each subsequent sale, 4% will go to the original seller, 5% to the holders of the token BIG, and 1% will go to a charity protecting the ocean; cats have to eat, after all. Meanwhile, the DeFi side of the project will enable holders of BIG not only to stake their native tokens and earn passive income but also to learn about the world of decentralized finances in the most accessible way possible. And after Big Eyes is listed on Uniswap, the sky will be the limit for this daring meme coin.
For more information on Big Eyes Coin (BIG), please visit the following links:
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