Big Eyes coin price is currently 89% down from its stage 1 presale price. The situation is very disappointing for the presale buyers who invested in the project to make a quick fortune. There are multiple reasons behind this bearish price action. Let’s discuss them in this article.
On Monday, altcoins are showing a positive price action as Bitcoin dominance is decreasing. The bullish sentiment was also reflected in BIG crypto, which rose by 5% during the first trading session of the week. Till press time, the DeFi cryptocurrency was changing hands at $0.00001132.
Why Is BIG Crypto Not Pumping?
The popularity of the PEPE coin started a meme coin rally in 2023. This led to increased investor interest in the newly launched meme coins. One such project which tried to merge the meme narrative with the Decentralzied Finance was Big Eyes.
Unlike the traditional IDOs, the project raised capital in 15 stages. At the first presale stage, the Big coin price was set at $0.00010. This eventually increased to $0.00060 at the last stage. However, the presale buyers faced utter disappointment when the coin plummeted right after its launch.
Big Eyes Coin Price Needs To Break Above $0.00003
The only hope remaining for the presale buyers of BIG crypto is to generate interest for the new buyers. Right now, there seems to be not enough hype to attract new capital. If the price manages to break above $0.00003, many short-term traders may step in to push it even higher.
After the end of the meme coin rally, BIG Eyes coin price prediction is looking very bearish. The coin needs to 10x from here just to break above its presale price of Stage 1, which seems quite unlikely at the moment. The situation is even more alarming for the buyers who bought at the later stages.
In the meantime, you are also welcome to follow me on Twitter to keep track of my personal trades and the upcoming 1000x Gems.
