A few years ago, Meme Coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) were extremely popular and emerged as some of the largest cryptocurrencies in the market.Despite the trend seeming to have passed as new trends and niches attract investor attention, a new battle could be on the horizon with Floki Inu (FLOKI) gaining more popularity and the recently popular Big Eyes Coin (BIG) getting ready to launch! Floki Inu Is At The Forefront Of The Pack Floki, the cryptocurrency inspired by Elon Musk, has achieved remarkable success since its launch in 2021.Despite being one of the youngest meme coins on the market, it has risen to become one of the top five highest-ranking meme coins.While it may not hold the top spot, currently held by the first meme coin, Dogecoin, Floki is the largest gainer among them all.One key factor that has contributed to Floki’s success is its expanding utility.Unlike many of its competitors, the project is not solely focused on the cryptocurrency space.Instead, it has branched out into other areas, such as play-to-earn gaming, with the help of its dedicated community.
This diversification has undoubtedly played a role in the steady growth of the coin.Presently, Floki ranks at 120 and is showing positive signs of maintaining its momentum.Despite several significant surges, such as the 41% spike following an Elon tweet, Floki’s growth has been consistent.This spike was even more substantial than its contemporaries, demonstrating the coin’s potential to achieve massive gains.With its loyal community and increasing utility, Floki is well-positioned to continue its upward trajectory.
Its expansion into new niches sets it apart from other meme coins, providing more opportunities for its investors.In a market that is ever-evolving, Floki has proved it is staying in power and is poised to achieve even more significant success in the future.Big Eyes Coin In Pursuit Of Floki The Big Eyes Coin presale will be ending on June 3rd, and its official debut is eagerly anticipated.The developers have created a coin that they hope will become a popular investment option in the meme coin space and beyond.They have successfully generated excitement around the project through social media and have attracted the attention of many investors.The recent announcement of the end of the presale has generated a lot of buzz among investors, who are eager to see how the coin performs once it is launched.
With a 70% public sale to buyers, the presale offers many tokens with real utility that could become even more valuable as the project progresses.The bullish market trends are also worth noting, as many experts predict that the rally will continue into the summer months.Bitcoin has finally passed $30k again, and this could mean that Big Eyes Coin could see significant gains shortly after its launch.
Investors have been showing a lot of interest in Big Eyes Coin, and the announcement of the end of the presale has generated even more excitement.Buyers can still use the code BULLRUN250 to earn 250% extra tokens before the presale ends.With June approaching quickly, investors won’t want to miss out on this opportunity While Floki has already proven itself as one of the biggest and best meme coins on the market, the attention and anticipation surrounding Big Eyes Coin suggest that it has the potential to become the next big thing with even bigger gains.
For All Things Big Eyes Coin (BIG) Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL Twitter: https://twitter.com/BigEyesCoin Disclaimer: The information provided in this article is solely the author/advertisers’ opinion and not an investment advice – it is provided for educational purposes only.By using this, you agree that the information does not constitute any investment or financial instructions by Analytics Insight and the team.Anyone wishing to invest should seek his or her own independent financial or professional advice.Do conduct your own research along with financial advisors before making any investment decisions.Analytics Insight and the team is not accountable for the investment views provided in the article.Leave a Reply [Cancel reply](/crypto-2/big-eyes-coin-challenges-floki-inu-to-be-the-next-leading-altcoin/#respond) Leave a Reply – Aptos’ market cap remained dominant over Algorand despite a dip in development activity.
– The project’s Chief Technology officer said innovation would roll out monthly.Aptos [APT] core developers have been at the forefront of making the network seamless for users with a series of upgrades.During the week, precisely on 11 April, the blockchain, whose aim is to become the fastest and most scalable L1 protocol, announced an improvement in gas usage.Realistic or not, here’s APT’s market cap in ALGO’s terms The regular boat is to save the drop Following the development, code commits on the Aptos blockchain significantly increased.As of 13 April, the commits rose as high as 33, according to Token Terminal.
Code commits reveal the contributions of developers to a particular project.
However, at press time, the contributory activity decreased to 12.7.This implies that the public GitHub repositories for Aptos have taken a backseat.But Avery Ching, Chief Technology Officer (CTO) of the project, had other opinions about the occurrences in the Aptos ecosystem.Speaking to AMBCrypto, the CTO noted that Aptos was performing excellently with the upgrade it has made.
He also mentioned that Aptos was solving a lot of problems older blockchains faced, and intends to do so monthly.Due to this, Ching said that major changes would be shipped to the Mainnet.
He said, “It takes existing networks years to deploy significant changes to Mainnet; the Aptos community is now rapidly shipping major changes to Mainnet almost every month.” The CTO also did not fail to comment on the gas efficiency, which would improve data storage and produce more savings per user transaction.He opined that the project’s core developers were committed to “reading transaction fees in response to the needs of builders.” Developers will be engaged with execution On 8 April, Pyth Network applauded the dedication of Aptos’ developers.The smart contract data provider tweeted that the upgrade has a positive effect on its own network.
The devs did something 🔥 Thanks to new gas optimizations, it’s now 85x cheaper to be #PoweredByPyth on @Aptos_Network 🔮 That’s 200+ price feeds readily available for just a couple of cents! https://t.co/I4YK4rnKUO — Pyth Network 🔮 (@PythNetwork) April 8, 2023 Furthermore, when compared to other L1s like Cosmos [ATOM], and Algorand [ALGO], Aptos fared relatively well per market capitalization.The market cap explains the growing popularity of a project as the asset price and the circulating supply determine the value.How much are 1,10,100 APTs worth today? At the time of writing, the Aptos market cap rose to $2.4 billion.
It was able to override Algorand in this regard but lagged behind Cosmos.This means that the blockchain, built with the Move programming language, received more attention than Algorand.Ching made further comments on what to expect from Aptos in the coming months.He hinted that the blockchain would be crucial to advancements in the web3 sector.
He also reiterated that the Move functionality would be key to the monthly Mainnet changes.He mentioned: “Application developers and core developers are working very closely to take advantage of the new developer primitives, fast finality times and leading throughput to build new experiences.” – Uniswap’s V3 license expired and this could inspire other copycats and clones to compete with the DEX.– Development activity of the protocol continued to decline; however, UNI continues to see improvements.Uniswap [UNI] was enjoying the top spot in the DEX sector for quite some time.
After the FTX collapse, many users flocked to decentralized exchanges as they began to lose their faith in centralized exchanges.Realistic or not, here’s UNI’s market cap in BTC’s terms Copycats at bay Uniswap capitalized on this interest and captured 67% of the DEX market share.However, this dominance of Uniswap could come under threat as Uniswap lost its v3 license.Initially, before launching V3, Uniswap was operating under a Business Source License (BSL).
The agreement involved the implementation of copyright laws, granting Uniswap the ability to limit the unauthorized commercial use of its source code for two years.In contrast, Uniswap’s V2 was launched under the General Public License (GPL) which allowed anyone to clone Uniswap’s source code.This affected Uniswap greatly as one of DEX’s competitors, SushiSwap [SUSHI] took advantage of this and cloned the protocol code to a large extent.SushiSwap took away a large amount of Uniswap’s liquidity and attracted new users.
This phenomenon is also known as a “vampire attack.” To prevent future vampire attacks, Uniswap started to operate under the BSL.However, the contract was only for two years.After which, Uniswap’s Business Source License will be turned into a General Public License indefinitely, which would allow anyone to copy their source code.The expiration of the license means that other competitors of Uniswap, such as SushiSwap, Curve [CRV], and Balancer [BAL] can use the tools in Uniswap’s arsenal and improve their own protocol.How will UNI fight back? Uniswap could improve its competitiveness among other DEXs by releasing an upgraded version of its protocol in the near future.Nevertheless, it has been observed that the number of daily active developers contributing to the Uniswap protocol and the frequency of code commits to its GitHub have started to decrease.Read Uniswap’s [UNI] Price Prediction 2023-2024 This suggested that Uniswap could still take some time before coming to the market with a new product.UNI, however, remained unaffected and its prices continued to soar.
Despite rising prices, the network growth and velocity of the token declined, which could be a cause of concern for holders.Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion If you are considering adding proof of work cryptos in your portfolio, chances are you have shortlisted Ethereum Classic (ETC).It is one of the few remaining options in the PoW category, but you may have also noticed that it has been overshadowed, particularly by its counterpart – Ethereum.Ethereum Classic’s performance so far this year confirms that it can still attract investor attention.However, the network has been losing popularity from a long-term perspective.
Speaking of popularity, artificial intelligence has really taken off this year, with ChatGPT leading this charge.Assessing fundamental data using the ChatGPT AI Perhaps, we can leverage the power of AI to try and find out what the future has planned for ETC.I asked ChatGPT about Ethereum Classic and the interaction was rather interesting.
The initial plan was to establish the depth of the AI before going deeper into the type of information that I wanted to pursue.The first question requested ChatGPT to provide a detailed and concise explanation of Ethereum Classic and its fundamentals.Here’s the response – Here is the response after switching to dark mode and requesting a shorter version – The AI seemed to have a good handle on things based on the information it provided.However, there have been incidents where it generated inaccurate information, hence the need to verify information.
Now that we had a good base, it was time to up the ante a bit.But first, those keeping a close eye on ETC may have noticed that its community has not been very active.Its development has also lagged behind that of Ethereum and other networks.Our next query focused on establishing why the Ethereum Classic network is less popular than Ethereum.It gave the following reasons – – Community Support: After the 2016 DAO hack, the Ethereum community decided to implement a hard fork that created a new blockchain network known as Ethereum, which received support from the majority of the Ethereum community.Ethereum Classic, which remained on the original blockchain, has a smaller community and fewer developers.- Lack of Updates: Ethereum Classic has not received as many updates and improvements as Ethereum.
This has resulted in slower transaction times and less advanced smart contract capabilities.
– Perception of Immutability: Ethereum Classic’s commitment to immutability is a key feature for some users.It can also be seen as a liability by others who prefer the flexibility of a blockchain that can be updated if necessary.- Limited Use Cases: Ethereum has a wider range of use cases and is more widely adopted by businesses and developers.Ethereum Classic has a smaller ecosystem of decentralized applications and is less widely used in commercial applications.
AI generated all the the above points but they are difficult to argue against.In other words, ChatGPT’s answers were spot on – Ethereum Classic’s still has some edge over the competition I was curious to find out what the AI had to say about Ethereum Classic’s advantages over its more popular counterpart.
It responded with the following points – – Immutability: Ethereum Classic has a strong commitment to immutability.Transactions cannot be altered or deleted once recorded on the blockchain.
This makes ETC a reliable and secure platform for storing and transferring digital assets, and may be particularly appealing to users who prioritize security and decentralization over flexibility and upgradability.- Proven Technology: Ethereum Classic is based on the original Ethereum blockchain, which has been operating since 2015.This gives it a longer track record than many other blockchain platforms, and may be appealing to users who value stability and reliability.- No Hard Forks: Since the split from Ethereum in 2016, Ethereum Classic has not undergone any hard forks or major upgrades that could potentially cause network disruptions or create competing blockchain networks.
This could make it a more stable and predictable platform for developers and users.So far so good, but the above answers got be thinking about the kind of scenario where Ethereum Classic would achieve mass adoption.These were the brief points that ChatGPT shared – The aforementioned points highlighted some of the key advantages of sticking to a proof of work system with a heavy focus on decentralization.These characteristics would make the network and its native coin more preferable, especially in case of a harsh regulatory crackdown.
Regulators, especially in the U.S, have adopted an aggressive position against cryptocurrencies but not to the extreme, yet.Attempting to circumvent the price analysis brick wall While still thinking about Ethereum Classic’s prospects, I decided to explore whether the AI can have insightful predictions regarding ETC’s prospects.More specifically, I wanted to know how soon ETC can reach ETH’s $1,900 press time price.Unfortunately, the language-based AI algorithm could only do so much and predictions were the limit.
Here is the answer that it provided – That would have been the end of that attempt, but I recently found out about the DAN (do anything now) jailbreak prompt which unlocks some limitations.Moreover, ChatGPT’s algorithm learns and it can also organize raw data into a more useful format.Thus, an idea was born.What if we could somehow get chatGPT to understand the history of ETC’s price action, including previous price patterns? We could potentially get it to give a more concrete answer regarding price predictions.
Or so I thought.Unfortunately, none of the prompts including the jailbreak offered a concrete outcome where the AI could read the price charts and identify price patterns.Back to the basics of technical analysis After having a “fine, I will do it myself” moment, I embarked on assessing ETC’s latest price action.On 13 April, the price of ETC increased as the cryptocurrency’s recent uptrend gathered momentum.
The price of the coin increased to a high of $22.47, which is the highest point since March 18 of this year.From this year’s low, the coin has increased by more than 53%.This week, the price of ETC is being driven mostly by three factors.The ongoing Bitcoin price surge, which we reported here, comes first.
The coin broke through critical resistance at $30,000 during this rally for the first time since June of last year.It has already increased by more than 80% this year, outperforming Tesla, equities, and gold.Bitcoin and other cryptocurrencies, like Ethereum Classic, are closely related.Second, the most recent US consumer inflation statistics released on Wednesday had an impact on the price of Ethereum Classic.
According to the data, the Consumer Price Index (CPI) for March dropped to 5.0%, the lowest level since 2021.Additionally, core inflation declined month over month.As a result, the Federal Reserve may change course shortly.This adjustment would include raising the stalling rates and maintaining them for a while.
Last but not least, Ethereum Classic Reacts to Wednesday’s Shapella Upgrade, whose activation allowed Ethereum Stackers to withdraw their tokens.The amount of Ethereum staked, according to data from Staking Rewards, is over $37 billion.The resistance retest suggested that the price may potentially register a pivot.However, ETC’s money flow indicator revealed that liquidity is still flowing into the cryptocurrency.An extended rally in the next few months may be on the cards, especially now that ETC is still heavily discounted by as much as 88%.Long-term predictions still remain within the realm of uncertainty.
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