Big Eyes Coin with New Lootbox Drop Offerings: Cryptocurrency Market Fails to Rebound as Bitcoin and Ethereum Continue to Slip

crypto update

The cryptocurrency market continued flat trading caused by widespread uncertainty in the industry due to the recent fallout from crypto-friendly US bank Silvergate Capital. The global cryptocurrency market cap was down 1.79% from the previous day to $1.01 trillion, while the total 24-hour crypto market volume was up 41.72% to $46.49 billion.

The all-red trading in the crypto marketplace comes as the crisis deepens around Silvergate Capital, a crypto-friendly bank based in California, U.S., with the bank remaining in doubt about the continuation of its operations as its stock has historically sold Plunging 95% year after suffering significant losses following FTX’s crash in November last year.

Silvergate’s fallout has reflected in the prices of the industry’s two strongest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH). However, Big Eyes Coin (BIG), a meme token celebrating its entry into the industry, has dominated the presale phase with exciting new offerings for its holders.

Bitcoin inflation comment leaves price just above $22,000

Bitcoin (BTC) slipped below $22,000 to trade at $21,964.99 after Federal Reserve Chair Jerome Powell said inflation remained higher-than-expected in his two-day semi-annual monetary policy testimony to Congress .

Bitcoin has been trading in a tight range since last week after hitting a 30-day high of $25,134.12 as a flurry of jobs and price indicators raised inflation concerns. At the time of writing, Bitcoin was trading at $22,032.28, down 1.88% from the previous day and a 7-day drop of 7.26%.

Ethereum – Stronger bearish pressure pushes the price lower

Ethereum (ETC) joined Bitcoin as its price continued its downward move similar to BTC. Ethereum posted a 24-hour low of $1,543.13 as it struggles to clear $1,600 on strong bear pressure. The recent downtrend behind a bull dominated 30 days that hit a high of $1,732.80.

At the time of writing, Ethereum was trading at $1,552.51 while showing a 24-hour decline of 1.20% and a weekly decline of 6.10% as the bulls attempted to break the downtrend line and the to drive up the price.

Big Eyes Coin – Vault pin for free loot boxes

Big Eyes Coin (BIG) is a new ERC-20 token based on the Ethereum blockchain and since its launch in August last year, the project has continuously achieved its goals before going live to the market.

Now in phase 12, Big Eyes Coin has raised more than $31 million in presale tokens and will go live after raising its target of $50 million at the end of phase 15. A BIG token is currently worth $0.00049 compared to its price of $0.0001 in pre-sale stage 1, an increase of 390% since the start of the pre-sale. Buyers have just under three phases to buy their BIG token at a discounted price and earn higher returns at launch.

As a community-driven token, Big Eyes Coin is all about giving. The newest game feature, Loot Boxes, are found during gameplay, earned as rewards, or paid for with real money.

The Saver Tin can be opened for $10 with a maximum prize of $500 in BIG Tokens. The Cute Box, which costs $100 to open, carries a maximum prize of $5000 in BIG Tokens. The Kitty Vault costs $500 to open with a top prize of $25,000 BIG tokens, and the Super Saiyan Box, which costs $1,000 to open, contains the ultimate prize of $100,000 BIG tokens -Dollar. The largest and most valuable loot chest is the Excali-Paw Master Chest, which costs $10,000 to open and prices range from $10,000 to a whopping $1 million in BIG tokens. A BIG user can now get free loot boxes by using Vault PIN 819. Users simply need to enter the PIN before purchasing BIG tokens to earn the above loot boxes.

The loot boxes are only valid during the pre-sale phase and will end after phase 15 when the project goes live. Buyers are guaranteed not to lose money opening a loot box as the results are always random, and users always get their money back at least.

Learn more about Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Sponsored

WARNING: Investing in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

IMPORTANT NOTICE: Investing in crypto assets is unregulated, may not be suitable for retail investors and the entire amount invested may be lost

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers