Will Ethereum Be a Good Investment? Or Should You Buy Big Eyes?
Will Ethereum Be A Good Investment As Shib Eyes Stability & Big Eyes Coin Targets A Change?
The article explains the upcoming update “Dencun” of Ethereum (ETH) designed to add more storage for data and reduce fees.In addition to this, we will talk about Arbitrum (ARB), Shiba Inu (SHIB), and
Big Eyes Coin (BIG), an Ethereum-based meme coin, that has made waves in the market with its successful 15-stage presale.
Understanding The Ethereum’s Dencun Update
The forthcoming ‘Dencun’ update, a hard fork anticipated later this year, has been approved by Ethereum engineers.It features five Ethereum Improvement Proposals (EIPs) that aim to decrease fees and increase data storage.Proto-dank sharding (EIP-4844) is a crucial component for scaling the blockchain.
Other EIPs cover contract cancellation, fee reduction, and design and code updates.Prior to the upgrade’s live deployment, which is scheduled for the end of 2023, it will undergo extensive testing.Dencun includes improvements to the consensus and execution layers, also referred to as “Cancun” and “Deneb,” respectively.
ARB Introduces Native USDC
Arbitrum, a prominent scaling solution for Ethereum, has introduced native USDC on its platform, replacing the abridged version.This development aims to attract new users and drive adoption.
The platform has experienced increased cash flow and a rising stablecoin market cap, reaching approximately $1.85 billion.
With a Total Value Locked (TVL) of around $5.66 billion, Arbitrum holds over 64.8% of the Layer 2 market share.
The associated ARB token has also seen a slight gain, currently trading at around $1.1.Arbitrum’s innovative approach and success position it as a leading contender in addressing Ethereum’s scaling challenges.
SHIB’s Hopes For Stability
Shiba Inu, a meme token rivaling Dogecoin, strives to triumph on its own merits.SHIB is enhancing its use cases, refining Shibarium, and gearing up for the December 2023 launch of the SHIB Metaverse.
Major participants in Shiba Inu (SHIB) have dramatically reduced their activity during the last 24 hours, according to data from IntoTheBlock.Transaction volumes among famous SHIB holders have decreased by more than two-thirds following a weekend spike of over 1,000%.There has been a $40 million loss, and both inflows and outflows have sharply decreased.This doesn’t predict the price direction going forward, but it does show a certain level of stability for SHIB.Market investors will keep a careful eye on whale activity for any clues about potential future trends.
BIG’s Game Changing Attitude
Big Eyes Coin (BIG), an Ethereum-based meme coin, has taken the market by storm, riding the wave of its tremendously successful 15-stage presale that yielded a staggering $27.46 million in funds.This captivating endeavor has fostered an unwavering and devoted community of over 46,300 BIG holders, affectionately known as the Kitty Cuddlers.
What truly sets BIG apart is the recent and groundbreaking collaborations it has forged with industry-leading decentralized exchanges (DEX) such as Uniswap, and OKX, as well as the centralized exchange (CEX) powerhouse Poloniex.
These visionary partnerships have ignited a blaze of excitement across the crypto sphere, propelling BIG to new heights.Furthermore, the impending launch of BIG at an enticing price of $0.0006 promises an exhilarating opportunity for token holders to immerse themselves in the forthcoming GameFi festivity, set to unfold on August 29.
With an extensive library of over 4,000 Web3 games, BIG aims to engage players globally, driving trading activity and market value while promoting the acceptance and viability of cryptocurrencies.This venture not only positions BIG as an exciting investment opportunity but also supports its mission of wealth redistribution in the DeFi ecosystem and environmental conservation.The project’s use of non-fungible tokens (NFTs) further enhances its blockchain ecosystem by offering exclusive content and events.
By immersing users in a gaming experience, BIG plans to launch a new casino with thousands of games, aiming to increase the value and demand for the BIG token while providing an immersive experience for its community.As Big Eyes Coin revolutionizes the meme coin landscape, it stands as a shining example of combining financial innovation with meaningful impact.
In conclusion, Ethereum’s upcoming “Dencun” update aims to improve data storage and reduce fees, while Arbitrum establishes itself as a leading scaling solution.
Shiba Inu seeks stability and prepares for the SHIB Metaverse launch, while Big Eyes Coin revolutionizes the meme coin market with its successful presale and plans for a GameFi fiesta.These developments highlight the dynamic nature of the cryptocurrency space, where innovation and impact go hand in hand.
Big Eyes Coin (BIG)
Website:
Telegram:
Telegram: Contact @BIGEYESOFFICIAL
Instagram:
https://www.instagram.com/BigEyesCoin/
Twitter:
https://twitter.com/BigEyesCoin
Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice.Conduct your own research by contacting financial experts before making any investment decisions.
The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Analytics Insight of being absolved from any/ all potential legal action, or enforceable claims..
