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In just 24 hours, the whole of the crypto market jumped.
From the 25th to the 26th of October 2022, the price of major cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) all shot up in a move so unprecedented for the bear market that crypto holders were absolutely screaming in the comments section of CoinMarketCap.
Since then, the values of BTC, ETH and DOGE have not gone down, giving investors hope that the troublesome crypto winter might not actually be arriving.
However, is this spike in cryptocurrencies a red herring, or are we really heading back to the good old crypto golden days? Up-and-coming Big Eyes Coin (BIG) might actually have the answer to that key question.
Ethereum Jumps 18% In 24 Hours![Bitcoin BTC Ethereum ETH cryptocurrency coins digital currency smily faces]()
The second-highest cryptocurrency by market capitalization, Ethereum (ETH), had been somewhat holding its own during the bear market (albeit not as well as in 2021).
Perhaps due to its move from a proof-of-work to a proof-of-stake consensus mechanism, and also a move to a deflationary tokenomics model, ETH was not the hardest hit by the bear market as other cryptos.
That being said, in recent days, the price of ETH sprung from $1300 to $1500, a percentage increase of around 18%. This could be a sign that its market capitalization could someday return to $500 billion.
Bitcoin Remains Steady At A Hefty $20,000
Perhaps the most exciting piece of news from these last few days has been Bitcoin’s return to the $20,000 trading range. Officially ending its longest run of trading below that value since 2020. Many crypto enthusiasts have used this as a sign that the bull market may return by 2023, while others are predicting another crash at hand.
Although Bitcoin has risen less than Ethereum in the last seven days (only 7.26%), according to CoinMarketCap, it is still good news considering it was experiencing such a downfall in 2022.
Big Eyes Coin Rakes In $9,000,000 During Early Presale
What does a cat-based presale meme coin have to do with the recent spike in Bitcoin’s (BTC) and Ethereum’s (ETH) values? Not much, but enough to forecast market trends a little.
Seemingly Big Eyes Coin was performing well before the BTC and ETH jumps. During the tumultuous September and October, Big Eyes Coin garnered over $9 million in presales by October 27. Around two months after the beginning of its presale.
As BTC and ETH crashed, Big Eyes Coin started and remained strong, often seen jumping $500,000 in a single day and attracting more than 54k Twitter followers. While the two biggest cryptocurrencies struggled to keep holders, people were rushing to buy up BIG, the native token of Big Eyes Coin, before it increased by 25% at the next stage of the presale.
Say what you will about meme currencies, but Big Eyes Coin might have predicted the rise in the crypto market and the demand to invest in cryptocurrencies again.
Only time will tell whether the crypto market continues with this trend. For many, seeing Bitcoin (BTC) and Ethereum (ETH) begin to return to historic heights may elicit feelings of euphoria and adrenaline. However, it is wise to remain cautious. Regardless of how the two major currencies turn out, Big Eyes Coin is on course to complete a phenomenal presale.
Use the code BEYES705 for a BIG bonus.
For more information on the project:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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