The world of crypto is steadily undergoing new changes and developments and today is just another day. Flare has airdropped tokens to all XRP holders, bearing fruit to investment that started in late 2020.
Is it still a good time to buy XRP? Or is it time to move on to other emerging cryptocurrencies? Speaking of which, Big Eyes Coin (BIG) has recently announced the date of their much-awaited launch, and is not running short of offerings for its investors. Read on to know more!
Flare Has Dropped Some Bombs! What Are They All About?
Flare is an interoperative blockchain that allows investors to use smart contracts on the XRP Network. Since it is based on Ethereum’s Virtual Machine, it allows Ethereum’s smart contracts to be used on XRP’s network as well.
In a long-awaited event, those who held $XRP on December 12, 2020, are now reaping the rewards of the Flare ($FLR) token airdrop. A generous 15% of the total supply of this cryptocurrency has been sent to holders who possessed XRP during the snapshot, while the remaining tokens will be distributed gradually over the next three years. A substantial amount of 4.28 billion FLR tokens were successfully distributed to XRP holders.
In the future, FLR token holders will actively participate in shaping the distribution of upcoming airdrops through Flare’s governance system. They will also have the power to propose and vote on other vital changes to the project, fostering a sense of community involvement.
The journey for Flare’s FLR tokens began with a trading value of approximately $0.05 as soon as the airdrop commenced. Despite low liquidity on the MEXC exchange, the token’s value swiftly tripled to $0.15. As renowned platforms such as Kraken and OKEx joined the party, liquidity increased, and recipients of the airdrop began selling their FLR tokens.
Is XRP Worth Investing in Right Now?
In a market climate characterised by intricate dynamics, XRP stands tall, displaying remarkable resilience. With its recent short-term uptrend and current trading price at $0.47, Ripple‘s token exudes a positive momentum, inviting investor confidence.
Drawing insights from technical analysis, XRP’s trajectory becomes clearer. Although faced with the challenging 50-day Exponential Moving Average (EMA) as a significant barrier, the token’s ability to hover between the 200 and 50 EMA showcases its capacity to sustain prices and evade severe downtrends.
Furthermore, regulatory developments have injected optimism into XRP’s future. With increased regulatory clarity surrounding Ripple and XRP, including the ongoing legal case with the SEC, investors can anticipate a more stable and regulated environment, fostering confidence in XRP as an investment opportunity.
Considering XRP’s resilient performance, technical indicators, strategic partnerships, and regulatory advancements, there appears to be volatility around the coin. Hence, if you can digest the risk, XRP might be a good option. For all the other HODLers and investors who do not want to take risk but still earn massive rewards – consider Big Eyes Coins.
Big Eyes Coin: The Cat is Out of the Bag!
Big Eyes Coin (BIG) is an up-and-coming community-operated meme coin with a unique story. A bright-eyed cat that has travelled all the way from Washington DC to Japan to finally find his purpose, Big Eyes is keen to save marine life and the worlds’ oceans. After all, a cat’s got to eat right?
Big Eyes has created quite the stir with its presales, having broken Ethereum’s record and now amassing more than $38.5 Million. This is an impressive feat for a new meme coin, but surely wasn’t hard for BIG with the irresistible offers it has.
We’re referring to its tax-free ecosystem, the liquidity lock on its initial supply, the Lootbox scheme with guaranteed returns: the features are attractive and they have clearly worked their magic. Their future is just as hopeful as their past is victorious: their roadmap includes an NFT Space, and their very own casino. The latter will launch on August 29th, allowing users to prepare their BIG holdings, which will be the only accepted token in the casino. This means there’s no fiat expense required as long as you’re stocked up on BIG.
Speaking of stocking up, Big Eyes recently announced one more offer to make things easier. The meme coin is currently in Stage 14, but is available for its stage 3 price, which is just $0.00017 per token. But be warned, this offer is valid only till June 3rd, and then the chance will be lost forever!
So, is it still a good time to buy XRP? Well, that is something that you need to decide according to your risk appetite. XRP has made it big in the news but can it sustain this hype and convert it into financial gains for the investors? A question worth millions!
On the other hand, Big Eyes has taken the meme coin world by storm; not only have they garnered massive love and following but they have also catered to a diverse segment of investors – from gamers to HODLers to tacky investors-everyone seems to be in love with this cat! While you are deciding on XRP, check out Big Eyes and see if you find our money where our mouth is!
Big Eyes Coin (BIG)