Can Big Eyes Coin Take Some Market Share In A Market From Binance Coin And NEAR Protocol?

Money rotation is a concept with financial markets of all kinds, and we have seen a lot of it with cryptocurrency. It is believed that money rotates in the crypto market from memecoins to DeFi platforms, then NFTs, gaming, tokens, and several other categories of coins. This concept of money rotation usually helps crypto investors understand where to invest for some profit.

The basic rule of thumb when trading cryptocurrencies is to follow the money. The market only goes into a bull run when new money is introduced into the market– but until then, all crypto assets are fighting for market share. It is believed that the Dogecoin pump and the bull run that ensued were financially backed by heavy profit retailers made from the GameStop short squeeze of January 2021.

However, the market is at that point again where it needs new money to move the market upwards. Big Eyes Coin (BIG), a new memecoin, is primed to grab market share and introduce new money to the landscape.

Binance Coin (BNB)

Binance Coin (BNB) started as a utility token for the Binance exchange in 2017. It served as a token that powered the centralized exchange and doubled as fees on the Binance DEX, Binance Chain, and Binance.com. It also served use cases beyond the Binance ecosystem and was useful for booking accommodation, paying for online services, etc., owing to the partnerships Binance secured.

Everything changed for BNB when it was created on the Binance Smart chain, which served as an alternative to the Ethereum blockchain. The token quickly experienced massive growth as it became an alternative network for DeFi and all value systems existing on the Ethereum blockchain.

BNB saw some growth, but the blockchain has been dead since the bear market rally started. The Binance Smart chain remains second to Ethereum based on TVL, according to DeFiLlama, and I think we see value moving out of the chain to other new solutions.

Near Protocol (NEAR)

Near Protocol is a layer-1 blockchain network that offers blockchain developers a platform for creating decentralized applications (dApps). Ethereum is the most popular layer-1 blockchain, making protocols like Near its competitor.

The capacity to sustain transaction prices, and speed, as transaction volumes increase are the essential criteria for layer-1 networks. Layer 1s like Near Protocol are concentrating on these aspects to improve Ethereum, which has experienced problems with fees and speed over the past few years.

Many networks, including Near Protocol(NEAR), have proved to be quicker than the ethereum blockchain. NEAR is said to be able to process up to about 100,000 transactions per second once completely developed. This would beat the rest including Solana with 3,000 TPS.

The NEAR token had an impressive run in 2021 but has succumbed to the market condition, thereby struggling for market share with its competitors.

Big Eyes Coin (BIG)

Big Eyes Coin is a new memecoin project that aims to create wealth for its community with its DeFi system. The project looks to become a major contributor to charity. It has demonstrated that its founders have strong ties to charitable organizations and partnerships that can introduce new money into the system.

Big Eyes Coin is a community-driven project that seeks to liven up the ecosystem with events, contests, etc. while fronting what crypto memes should be like in 2022. The cat-inspired meme project will become the new face of memes and aims to have as much stronghold on the market as dog memes.

It wants to appeal to animal lovers, philanthropists, average crypto users, and newbies, so it would be looking at pooling money from a huge demographic.

The Big Eyes Coin, BIG, is on presale. It could be the best opportunity to buy a token with high potential at that price. You should buy the token on presale now; it may be too late after launch.