After having posted steady gains in January 2023 at the back of a controversial 2022, the cryptocurrency market is trading with a bearish trend on week 2 of February despite expert analysis that the market is set to perform considerably well in 2023.
While the global market capitalization was hit with lows compared to the previous week, Aptos (APT) and Fantom (FTM) were among the leading cryptocurrencies to remain wary of the market’s volatile movement. As far as new currencies were concerned, Big Eyes Coin (BIG) seems to have been gauging the bearish market as a silver lining.
Big Eyes Coin: The Right Coin at the Right Time
Through testing times for the cryptocurrency market, Big Eyes Coin (BIG) has braved on with steady and lengthy strides. Having made an entry in August 2022, Big Eyes Coin held its forthput and continued to operate successfully as a meme token through its presale. And now in its 11th stage, Big Eyes Coin has become the most successful presale in the last two years, by raising more than $25 million in presale tokens.
In cryptocurrency, Initial Coin Offers (ICO) allow investors to acquire tokens at a discounted price before they are accessible to the general public. The purchase of pre-sale tokens can give early access to potentially high-growth tokens, as well as the option to become a member of a project's community and decision-making process. With that kept in mind, Big Eyes Coin being a community-owned meme token assured that 90% of BIG will be available at launch.
In hopes of offering better returns for its investors, Big Eyes Coin has introduced the promotion code LAUNCHBIGEYES200 where buyers are rewarded with a 200% return on a BIG coin purchase. With the crypto market slowly gaining traction once again and top currencies recovering from the crash in November last year, experts suggest that investing in new cryptocurrencies is a smart move given the potential they have to grow.
Aptos: Upgrading for 2023
Aptos is a Layer 1 blockchain similar to that of Solana and Ethereum with a Proof-of-Stake (PoS) that could achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.
In a bid to offer more clarity, the Aptos Foundation announced its plans for a network upgrade and is revisiting its tokenomics. Though it was not specified when, the foundation said the Aptos mainnet will be getting an update soon.
Similar to many top cryptocurrencies, Aptos posted a bearish outlook with its price shedding overnight by 8.34% and seeing a weekly decline of 20.89%. At the time of writing, Aptos held a market capitalization of $2.3 billion and a 24-hour trading volume of $233 million.
Fantom: Resisting February Woes
Having posted a rally of over 200% since the beginning of January, Fantom (FTM) was met with some resistance and has seen its price decline over the week by 11.41% with a 24-hour downward movement of 9.94%.
Fantom is a directed acyclic graph (DAG) smart contract platform that provides Decentralized Finance (DeFi) services to developers using its own consensus algorithm, and that has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security, and decentralization.
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