During this historic month for the crypto market, everyone is wondering if Ethereum (ETH) and Bitcoin (BTC), the top two cryptocurrencies, will lead the way to the top.
Will Bitcoin and Ethereum dominate, or will they share the headlines with Big Eyes Coin (BIG), currently exploding in its presale?
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What is the definition of Ethereum (ETH)?
Ethereum, according to Investopedia, is a "global decentralised software platform powered by blockchain technology". This powerhouse of the crypto world is best known for its native cryptocurrency, Ether (ETH). Many traders have said that everything that is happening in blockchain innovation is happening on Ethereum (ETH); Ethereum has been the site of so many new DAOs and dApps in the past year.
How has ETH been performing since the start of Uptober?
Since the beginning of October, the price of ETH has fluctuated heavily, according to CoinMarketCap. Starting out at a respectable USD 1,328.09, reaching a high of USD 1,378.51 on the 6th of October, and finding a low of USD 1,210.57 on the 13th. After the plunge, ETH rose dramatically as buyers took advantage of the price drop, so on the 14th, it reemerged with a price of USD 1,336.3, only to fall again.
Will Ethereum be able to candlestick again?
It is definitely likely that Ethereum will candlestick again before the month is out, as that would fit with its previous pattern of growth. At the time of writing, one ETH is priced at USD 1,301.15 with a market cap of USD 159,153,477,711.
What is Bitcoin (BTC)?
Bitcoin is the most famous cryptocurrency in the world and the most expensive; at the moment of writing, one is priced at BTC USD 19,193.13. Bitcoin was created and introduced to the public with the intention of being an alternative to centralised currencies and navigating the issues which centralised fiat currencies produce.
Its popularity was a seminal moment for cryptocurrency and inspired many other crypto and blockchain projects.
How has BTC performed in the last 19 days?
BTC started out this month at USD 19,460.72, and in the first week, experienced bullish days where the price climbed in response to a surprise interest rate decision from Australia. BTC rose to the height of USD 20,393.81 and then plunged to USD 18,344.23. It candlesticked after its steep dive, in a similar way to Ethereum, rising to USD 19,828.45.
Bitcoin has been considerably more stable in the intermissions between its peaks and troughs than Ethereum (ETH); this has led investors to query whether Bitcoin is actually more stable than fiat currencies.
Will Bitcoin be able to return to the support level of USD 20,300?
It is hard to predict levels of cryptocurrencies at the best of times. However, Bitcoin's ability to remain on the whole between 19.00K and 19.38K is a good indication of this coin's ability to rise up and down without losing too much to the bears. With this support, it is likely that BTC will at least candlestick before Halloween, but it may take another macro effect to see it rise to USD 20,300 again.
So, what are Big Eyes Coins (BIG)?
Big Eyes Coin is a new meme coin currently speeding through its presale with more than USD 8 million raised so far. BIG is the community token with a cute manga-styled cat as its logo. This meme coin is out to fill a cat-shaped hole in the cryptocurrency market, which is currently dominated by dog-related meme coins.
The main aim of this meme coin is to create wealth for its community, transfer wealth into the DeFi, and save the oceans and the sea life within them. To achieve this, Big Eyes has earmarked 5% of its total supply of coins to a visible charity wallet that will support christies on the ground currently cleaning and preserving the oceans.
How has Big Eyes (BIG) performed in its presale so far?
The Big Eyes Coin presale is currently in its 5th stage and has raised USD 8,305,745.78 and counting. Its performance has been strong since its presale opened due to its huge team of engaging influencers and marketing team. Their combined efforts have seen this meme coin explode at an incredible rate of up to USD 500K per day.
Another reason investors are praising Big Eyes (BIG) performance in presale is that it has already secured a top-tier CEX. Which has only further increased the rush to get in early on this coin, all-important presale purchases.
Final Thoughts
Given the terrific growth of Big Eyes Coin in its presale, it is not surprising that everyone is eager to see how Big Eyes (BIG) will perform in the next few weeks of Uptober. It is definitely going to serve up treats this Halloween.
More information on Big Eyes (BIG):
Website: https://www.bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
Instagram: https://www.instagram.com/BigEyesCoin/
“Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.”
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