By EWN • 01 February 2023 • 11:15
The cryptocurrency market has had a terrific few days, with significant increases being witnessed among major cryptocurrencies. Many experts have also tied this growth to the favourable CPI report issued on January 12, by the Bureau of Labor Statistics (BLS), which showed total inflation for all urban consumers dropping by 0.1%.
On Monday, the market surged further as market capitalisation of all cryptocurrencies was trading higher at $1.08 trillion, up approximately by 2% over the previous day. However, the overall trade volume increased by close to 24%, reaching $49.64 billion.
As the industry big boys – Bitcoin, Binance, BNB continue to consolidate their positions as market leaders, it is expedient to take note of promising newbies who are making giant strides, offering an equally good, if not better alternative platform for crypto investment.
Barring the US dollar pegged stablecoins, all top crypto tokens were trading higher on Monday. This is not excluding Solana (SOL), which surged 6 per cent, during the early trade. Solana quickly surged up from $20 to $25 on Friday, 20th January. Afterward, a critical short-term supply zone hindered its upward price action severely. Afterwards, SOL traded at $24.10, despite still having to deal with the above-mentioned supply zone. It now flirts around USD 24.14 and has managed to stabilise there for a number of days.
Polygon has also taken advantage of the current surge in the cryptocurrency market to further increase its worth. However, it has not remained consistent through to Monday, losing close to USD5 within 24 hours.
Prior to Monday, Polygon had enjoyed significant successes due to collaborations with well-known companies like Starbucks and Adidas. Polygon had seen a lot of adoption, which had raised the network’s appeal among cryptocurrency users.
Big Eyes Coin (BIG) was also one of the cryptocurrencies to have made significant gains over the weekend, reaching USD 20.15 million in presale, and edging closer to official release for retail trading. The meme coin has waxed stronger every day and has been tipped by experts to become a crypto giant in the near future.
Since its creation in late 2022, the Big Eyes went from making USD 1 million in a week, to crossing 40% of its USD 50 million mark for official launch. Big Eyes’ giant strides, however, are not unconnected to the 200% launch offer which investors have been taking advantage of. As a result of this offer, investors now get 3 times as much when they purchase Big Eyes’ tokens.
The Big Eyes is the new big thing in the cryptocurrency market, as it offers a great opportunity for investors to triple their investment immediately when they purchase, with a 200% launch bonus that can be accessed by using the promo code: “LAUNCHBIGEYES200”.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Sponsored
WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
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