The cute but determined cat-based meme coin, Big Eyes Coin (BIG), is ready to take on crypto giants XRP and Dogecoin once it completes its booming presale.
Having nearly raised $12 million in its presale, this article examines how one feline will, one day, rival the established XRP and Dogecoin.
XRP – A Legitimately Exhaustive Platform
The XRP Ledger is the complete package. Technically, it is an open-source, decentralized, and permissionless project with custom tokenization options geared into its protocol. Since the ledger was created in 2012, it has successfully closed an astounding 70 million ledgers.
While the ledger was established in 2012, the cryptocurrency wasn’t launched until last year. The project has three founders: David Schwartz, Jed McCaleb, and Arthur Britto. The trio created XRP Ledger at a time when the cryptocurrency was in its nascent stage but was ready to explode. The triumvirate envisaged XRPL as a viable alternative to Bitcoin.
XRPL’s creators combined with Chris Larsen and founded the company Ripple, which explains why XRP is often used interchangeably with Ripple, its parent company.
Moreover, other than a litany of benefits mentioned above, the XRP Ledger offers an array of applications and use cases of decentralized finance, non-fungible tokens, and micropayments.
Dogecoin – An Injection Of Fun Into Cryptocurrencies
Ranking one place below XRP is Dogecoin. There is a reason the market’s eighth biggest token has a funny-sounding name: Dogecoin is the first meme cryptocurrency. DOGE was based on an internet meme containing a picture of a Shiba Inu (not to be confused with Shiba Inu, another meme token). An open-source initiative, Dogecoin was forked from Litecoin and offered users a fun-filled countermeasure to Bitcoin.
When cryptocurrencies took off, the financial world took notice. Users began raving about the nuances of digital assets and lauded cryptocurrency as a game-changing invention. However, not everyone was bemused.
In 2013, two software engineers named Billy Markus (American) and Jackson Palmer (Australian) began a project in jest, primarily as a response to the wild speculation surrounding cryptocurrencies.
When it was launched, Dogecoin became an instant hit, even surprising its creators. The platform drew the interest of Elon Musk, who tweeted that DOGE was his preferred choice.
Big Eyes Coin – From One Fun Token To Another
Dogecoin is a relevant example and provides a good segue for our next recommendation: Big Eyes Coin (BIG). BIG is a cat-based community token that gives users the chance to do more. The project’s makers have linked the platform with decentralized finance; Big Eyes Coin will move users’ resources into the DeFi ecosystem.
Going back to the point about doing more, BIG has a welfare angle; 5% of all BIG tokens (upon release) will be stored in a designated charity wallet. The funds will be used to conserve the oceans, meaning token holders will be contributing to the earth’s ecosystem.
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