Traction continues to grow for the new Big Eyes crypto that is still in the presale stage. Crypto, which aims to be used in the decentralized finance (DeFi) space for a variety of purposes, including liquidity provision, yield farming, and staking, is expected to hit the markets soon and become available to the general public. In this section, we will look at what the project does, its utility, and how users are likely to benefit from the project.
What is Big Eyes Coin?
Big Eyes Coin (BIG) is a new cryptocurrency that has recently gained attention due to its unique ecosystem and potential to compete with other cryptocurrencies like Stellar (XLM) and Chainlink (LINK). BIG is currently in the presale stage and has already raised approximately $11 million.
One of the key features of BIG is its focus on the decentralized finance (DeFi) space. The coin aims to enable a variety of transactions within DeFi, such as liquidity provision, yield farming, and staking. It also plans to launch an exclusive NFT club, which will be accessible to those who purchase BIG NFTs on platforms such as OpenSea.
Another aspect that sets BIG apart from other meme coins is its utility. While some meme coins may see a temporary boost in popularity before losing value, experts believe that BIG has the potential to sustain its growth due to its application-oriented approach. The coin has pledged to engage its community through the use of NFTs and meme contests, which may help to maintain its popularity and provide a new income stream for its stakeholders.
Overall, BIG has garnered significant attention and investment due to its innovative approach and potential to contribute to the DeFi space. However, as with any cryptocurrency, it is important to be aware of the risks and to invest carefully. It is always recommended to do your own research and diversify your investments.
Should You Invest in the Coin?
As seen from the above fundamental analysis, Big Eyes is still in its early stages. Having raised $11 million, the project looks to be having traction with investors, and there is a huge base of followers willing to risk their investment on the project.
However, it is important to note that the project is still in its early stages. Therefore, investors looking to invest their money in their project have to consider the possibility that the project might end up not being as huge as every headline states. It is also important to remember we are still in a bearish trend in the crypto industry. Therefore, taking caution with your investments is recommended, especially for a new project like Big Eyes.