New Delhi [India], April 7 (/ATK): Big Eyes Coin (BIG) has recently announced some exciting news that has left its followers eagerly anticipating. The cat-inspired cryptocurrency's popularity is on the rise, whereas Polygon's 20-week Exponential Moving Average (EMA) suggests a bearish market. This begs the question of whether Polygon will continue to rule the crypto space, or whether a new contender such as Arbitrum will take the crown.
Polygon's Performance Amid Market Dip
Polygon (MATIC) has been holding steady to the 20-day EMA (USD 1.11) despite the recent market dip caused by the trading violations lawsuit against CZ, Jimmy Butler, and other crypto influencers. According to crypto charts and leaderboards, minor dips in the MATIC price are being bought, and it has been on a rollercoaster ride over the past 20 days, fluctuating between a high of USD 1.24 and a low of USD 1.03, a decrease of about 7.3 per cent.
Experts predict that the pressure to sell is easing as the 20-day EMA is flattening out, and the RSI is slightly below the midpoint. They believe that if buyers return and push the price above the USD 1.15 resistance level, the MATIC/USDT pair's overhead resistance zone between USD 1.25 and USD 1.30 could rally.
However, if the bulls fail to maintain MATIC above the 20-day EMA, it could be a sign of bears holding their ground. To regain control, sellers need to push the price below the USD 0.97 (200-day SMA) level.
Arbitrum: Ethereum's Turbo Boost
Arbitrum is a layer 2 scaling solution for Ethereum that uses optimistic rollups to offer a more scalable, faster, and cost-effective blockchain technology.
It is an ecosystem of dApps, wallets, tools, and partners that provide greater compatibility, flexibility, and decentralisation for ARB investors. They have an impressive total value locked (TVL) of USD 3.2 billion in November 2021, making Arbitrum a real contender in the blockchain industry.
Big Eyes Coin Introduces Loot Box NFT Trading Cards
Big Eyes Coin (BIG), a feline-inspired meme token, has been making headlines recently due to its impressive presale funds of almost USD 33 million. The token's 12th phase of presale is underway, promising even more success for this fur-tastic deal.
The success can be attributed to the recent launch of BIG's BULLRUN250, offering Kitty Cuddlers a massive 250 per cent bonus when they purchase USD BIG tokens or loot boxes, with a fixed promise of 5000 per cent ROI.
Adding to its impressive achievements, BIG has just unveiled its latest offering, a set of Loot Box NFT trading cards. These trading cards feature custom kitty creations and can be minted as NFTs and traded on OpenSea, the largest Web3 marketplace for NFTs and crypto collectibles.
This new addition to the BIG family is sure to delight Kitty Cuddlers and further solidify BIG's position in the crypto market.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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