Place/Date: - November 12th, 2022 at 8:26 pm UTC · 3 min read
Source: Big Eyes Coin
A prolonged period of reduced asset values in the cryptocurrency markets is known as a “crypto winter”. For less seasoned investors, crypto winters may be unpredictable and challenging to navigate. These have been seen to last for long periods.
The second crash this year occurred on the 8th of November, 2022. This crash occurred only months after the first crash in June this year. The world’s two largest cryptocurrency exchanges, Binance and FTX, have come together to address the “liquidity crunch” that, according to Binance, drove the cryptocurrency market into chaos. Many investors wanted to remove their assets from FTX, but all transactions have been limited.
In such uncertain times, investing in unstable currencies may be daunting. Cryptos like Bitcoin have experienced massive falls and lost big numbers. However, Toncoin seems to be the most promising crypto on the market, going up and down, indicating it will rise above faster than the others. Pre-sale crypto, Big Eyes Coin (BIG), is another excellent investment opportunity as it is yet to be released and hasn’t been frostbitten by the crypto winter.
After starting the year at just under $30,000, Bitcoin (BTC) reached an all-time high of over $68,000 in November 2021. The cryptocurrency market as a whole climbed to a total market cap of more than $2 trillion. Unfortunately, this success did not continue, as the coin’s price quickly began to fall, and in June 2022, during the year’s first crash, it hit a low of $17,708,62.
Unfortunately for Bitcoin, this was not the end of the bad luck. The second crash happened on the 8th of November, 2022. This time, the price of Bitcoin dropped, even more, reaching $17,415.42 on the 9th of November, 2022. This number was a shocking surprise as it shows Bitcoin falling lower than it did in June’s crash. This is definitely worrying for investors as it could drop even further with less resilience if further crashes occur.
The Open Network is the name behind the acronym TON. Toncoin is a decentralised layer-1 blockchain. The fundamental foundation or architecture of a specific blockchain network is represented by Layer 1, which denotes the stage of blockchain development. The native token of the TON network is toncoin.
Like other cryptocurrencies, Toncoin has also been affected by the crypto crash. However, unlike Bitcoin, Toncoin seems to be showing signs that it will be solidly back in the green in no time. The coin has only gone down by 0.40% in the past seven days, a minuscule amount compared to other cryptos.
Big Eyes Coin is a meme coin that is in the sixth stage of its pre-sale. It is speculated to be hugely successful as it has already made a massive $9.71 million in its whole pre-sale so far. This number is set to increase as the pre-sale goes on and may soon reach double digits.
With the market as it is now, Big Eyes Coin will hold off on its launch until it has stabilised and reached a stage where it is less volatile. Investing in anything that is currently on the market could result in losses, but investing in something like Big Eyes Coin that is pre-sale is the better choice.
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