Despite the current bear market, it is undeniable that cryptocurrencies have revolutionised the way that we purchase, transfer, and exchange digital finances. As blockchain technology continues to advance, the next iteration of Web 3.0 is gradually coming to fruition. Ever since crypto emerged in 2009, there have been many different categories of coins that have come into inception, such as stablecoins, utility tokens, and multi-chain protocols.
In addition, no type of cryptocurrency has managed to gain as much popularity as meme coins – tokens that are based on online memes and viral images. This article will discuss a newcomer to the meme coin market Big Eyes (BIG) along with the established blockchain network Shiba Inu (SHIB) – to determine which animal token is the more feasible purchase.
The newcomer to the crypto market Big Eyes (BIG) characterises itself as a community-driven meme coin, that aims to shift wealth into the decentralised finance (DeFi) ecosystem. BIG also aims to protect an important part of the world’s ecosystem, the ocean, by donating 5% of its holders’ earnings to sea-based charities. Additionally, the blockchain network wants to make a self-propagating platform for hypergrowth using NFTs to offer access to more events and content that makes the hype-ship worth boarding.
Furthermore, BIG diverts from the traditional meme coin, by having an anime-style cat with large pupils as its mascot. Having this already gives the token an advantage over its competitors, as many meme coins use dogs as their form of identification. This was a strategic move by Big Eyes, as its founder saw that the aesthetic of the cat was targeting a ‘billion-dollar industry’ – exploiting the ‘cute’ market. The token distinguishes itself by being community-driven, tax-free when conducting transactions, and having a dynamic tax system. BIG plans to have 90% of its 200,000,000,000 available at launch – so keep an eye out for the development of Big Eyes.
Shiba Inu (SHIB) is the second most successful meme coin after Dogecoin. The coin derives from the dog breed of the same name, getting inspiration from Dogecoin by including the Shiba Inu dog in the coin’s logo. Despite this, Shiba Inu still gives itself the alias the “Dogecoin Killer’, as the developers see its most threatening competitor in the meme coin sector of crypto. The token’s inception dates back to August 2020 – being created by an anonymous individual who uses the pseudonym ‘Ryoshi’ – who has expressed that their identity is insignificant. Ever since its mysterious arrival in the crypto market, SHIB rapidly rose in popularity and value due to its quirkiness.
A notable figure who is responsible for the success of Shiba Inu is the co-founder of Ethereum, Vitalik Buterin. Buterin wanted to help reverse the spread of COVID-19 in India, which resulted in him conducting the largest crypto donation to India with SHIB. In addition to this, Vitalik Buterin burned 40% of its total supply to a dead wallet, contributing to the solidity and triumph of the meme token. Shiba Inu is currently ranked the fifteenth best profitable cryptocurrency according to CoinMarketCap.
So the question is out of the cat and dog meme coin, which one is more feasible? Well, this all depends on what you are looking for as a buyer. If you are someone who is searching for a meme coin that is filling a void and has a niche – Big Eyes may be the right purchase for you. Moreover, if you are looking for an established dog coin that has proven itself in the crypto market and has arguably low-risk factors, Shiba Inu may be a good option for you.
More information on Big Eyes:
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