After a solid start to 2023, Bitcoin dropped in value this week, and investors are now wondering if alt season is here. Litecoin’s anticipated halving event is coming up in August, which is predicted to help Litecoin to rally, and it could be one of the altcoins to outperform Bitcoin.
Big Eyes Coin (BIG) has also seen success with its record presale, attracting serious investor attention and showing its potential for further success when it launches.
Bitcoin Shows Bullish Price Prediction for Next Year
Bitcoin launched over a decade ago and took the financial market by storm. As the original cryptocurrency, Bitcoin has remained the top coin in the crypto market. However, it is down around 1.76% in the last week, trading at $27,586.
Additionally, Binance halts Bitcoin withdrawals twice in 12 hours between Sunday and Monday, citing congestion and higher transaction fees, which surged to $19.21 on Sunday. One of Bitcoin’s main features, maintaining its high performance, is its hard-capped supply of 21 million.
The halving event, which happens once every four years, is set to take place next year, and some investors are already preparing for it, as in the past, Bitcoin halving has caused Bitcoin’s price to rise considerably. Some analysts have even suggested that Bitcoin could meet a new record high once the halving occurs next year.
Investors Anticipate Litecoin Halving
Often referred to as the ‘lite’ version of Bitcoin, Litecoin is an altcoin that performs similarly to Bitcoin, with a few key differences. It was primarily designed as a digital currency to be traded for peer-to-peer security without an intermediary. One of the main differences to Bitcoin is that the block time is every 2.5 minutes, compared to Bitcoin’s 10 minutes.
On May 8th, Litecoin hit a low of $75.61 but has since recovered to around $79. Despite its recovery, Litecoin is down by over 10% in the last week. The halving event is expected to occur sometime in August, which should increase Litecoin’s scarcity and boost its price as the block rewards for miners will be reduced by 50% to 6.35 LTC.
Meme Coin Communities Prepare for Big Eyes Coin’s Launch
Big Eyes Coin is a cat-themed meme coin coming to the end of its presale stage. The project has raised circa $36 million, and its presale is ending on June 3rd. The token is set to launch on Uniswap on June 15th, speculating over potential CEX listings. The Big Eyes community dubbed the crypto cat house, predicts that this will be one of the meme coins to explode this year.
Throughout the presale, the team has offered rewards and bonuses to build a large, engaged crypto community. In the lead-up to the launch, investors have one last offer code, END300, which will give the community a 300% bonus on all deposits.
Big Eyes Coin has more exciting developments in store after launch, including the casino, which will launch on August 29th. This will offer over 4,000 casino games as well as play-to-earn opportunities. The casino will be accessible using BIG tokens, and users can win BIG prizes. This is set to increase the platform’s popularity and daily trading volume.
For crypto enthusiasts, the market has a lot of exciting developments coming up. Big Eyes Coin is the most exciting meme coin on the market, showing investors a new side to meme coins with innovative and value-driven features. With less than a month left of the presale, Big Eyes Coin is set for success, and users can use the code END300 for a 300% bonus until the end of the presale.
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