Biggest cryptos are regaining their power
Cryptocurrency has gone from something people do for fun to a new, sustainable stage. With flexible and secure options, cryptos have made transferring money securely to other countries much more convenient. 2022 has been a difficult year for cryptocurrencies, with the failure of the now-bankrupt FTX causing prices to plummet for several top cryptocurrencies. But this may not be the end of crypto as it seemed then, as the crypto market has already started its journey to the upside, with experts expecting cryptocurrencies to be quite successful until 2023.
Although the cryptocurrency market is open, time is of the essence.
Crypto-veterans Bitcoin (BTC) and Ethereum (ETH) should regain their positions. Hence, experts who understand the importance of timely investments have recognized 2023 as the most profitable period to invest in new tokens like Big Eyes Coin.
While cryptocurrency is a means of concentrating wealth, it is also a platform that allows for a surge of tension and excitement. Big Eyes Coin is a community-owned decentralized finance (DeFi) token that offers many profits and rewards to investors.
Big Eyes Coin is firmly committed to positively impacting the ecosystem. Realizing the harmful effects on the atmosphere of crypto mining, Big Eyes Coin has used its Proof-of-Stake (PoS) consensus to reduce the significantly high amount of energy consumed in the crypto mining process. Big Eyes Coin has also launched a visible charity wallet that will hold 5.7% of the total token supply, which will be donated to organizations that aim to protect and care for the oceans.
FTX crash affected all the cryptos, including BTC
After experiencing the FTX crash, where its price fell from $69,001 in 2021 to $21,001 in late 2022, Bitcoin (BTC) returned to its former glory in 2023. The price of Bitcoin. It has gained 35.28% over the previous 30 days to hit $22,932, with crypto analysts suggesting it will reach $23,001 before February.
Bitcoin traded at a 24-hour volume of $24.12 billion, with a market capitalization of $442 billion, and was trending at #9 with a total market dominance of 41.46%.
