The bear market has seemed unbearable for some projects, while a few others, like Big Eyes Coin (BIG) and Binance, seem to be enjoying the winter downstages because it is able to go about their work quietly and effectively. It has, however, been a tough past few weeks for both crypto projects as Big Eyes tries to close out its stage 8 presale at its alleged $14 million target. Having raised over $13.5 million, the Big Eyes presale is one of the best events in the market despite bearish conditions. The momentum has sparked the interest of several crypto enthusiasts as they speculate it is on track to become the next big thing in the market.
Big Eyes had the market in a chokehold for several months when its presale had the most momentum. Although it has slowed since the market excitement is extremely low, it’s still on track to conclude the stage 8 presale in about a week or two.
In other news, Binance acquired the Indonesian exchange, Tokyocrypto, making it possible for Binance to operate legally in Indonesia after being banned by the authorities. Binance became the majority shareholder and appointed a new CEO after the founding CEO resigned. This is the third licensed crypto exchange Binance is acquiring in a bid to operate in the countries where the company has been banned.
Binance is the largest crypto exchange, and despite the issues the company has faced in the past few weeks, it continues to exert its healthiness and show the landscape that it is still standing strong. The FTX collapse has subjected Binance to even more scrutiny, and the past month or so have been a rollercoaster of emotions as users try to be extra careful about where it’s safe to keep their funds.
By acquiring additional cryptocurrency exchanges, Binance is expanding into the Asian market and avoiding the time-consuming licensing procedures that have recently become more stringent as a result of the failure of numerous cryptocurrency exchanges and investment funds, including Three Arrows Capital, Voyager Digital, FTX, and Alameda Research, among many others.
The Malaysian Securities Commission forbade Binance from conducting business there beginning in July 2021. However, Binance was able to operate lawfully in Malaysia because CZ’s exchange purchased Mx Global, a company with Malaysian corporate registration, in March of this year. According to CryptoPotato, Binance has acquired Sakura Exchange BitCoin (SEBC), a Japanese exchange governed by the Financial Services Agency of Japan (FSA), although Binance was also banned in Japan four years ago.
Big Eyes Coin (BIG) is a meme coin project still on presale but has garnered enough hype that guarantees its success. Meme coins generally feed on hype, and Big Eyes seems to have had enough of it. The meme coin first emerged after it raised $1 million in the first week of its presale. Since then, it has had one of the most exciting presales this year, raising over $13.5 million in bearish market conditions.
Big Eyes aims to build a self-propagating ecosystem where holders can make money off the value created in the community. The project will mainly use DeFi and several innovative features at its disposal to help holders create wealth, while the NFT, gaming, and metaverse utilities will enable the fun required to keep a typical meme coin community alive. Big Eyes will regularly host contests, events, and several other community campaigns to push its narrative to become the biggest meme coin in the landscape.
Big Eyes uses cat memes instead of overused dog memes, which sets a rivalry up against big dog meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB). Big Eyes is pushing for a unique approach toward crypto meme communities, and it seems to work out nicely as the community buys into it. Big Eyes presale still leaves an opportunity for buyers to early on presale, don’t miss the presale: by clicking the button below, and entering the exclusive buying code BIGsave900, you can gain BIG discounts and enter one of the most promising crypto communities available.
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