New Delhi [India], April 7 (/ATK): Things haven't been going well for influencers in the crypto space. The residents of the USA, Australia, England, and Canada recently sued Crypto YouTuber Ben Armstrong a.k.a BitBoy Crypto, along with other influencers. The lawsuit targeted influencers who promoted FTX. While Armstrong claims in a countersuit that he never had contact with anyone at FTX, the USD 1 billion lawsuit still stands.
Recently, BitBoy Crypto shared a video update detailing how his portfolio plummeted from USD 35 million to USD 3 million, and how he had to rebuild it. Ben Armstrong had recently invested in the Celsius Network and lost most of his altcoin portfolio as a result.
What Is BitBoy Crypto's Strategy?
Ben Armstrong plans to diversify his investments across Bitcoin and Ethereum. He will invest 30 per cent of his portfolio into Bitcoin and Ethereum, while the remaining 70 per cent will spread across altcoins like Polygon, Arbitrum, Solana, Polkadot, and XRP, possibly moving onto meme coins such as Big Eyes Coins too.
Armstrong has high hopes for these coins, especially XRP, which he predicts will skyrocket once its court case with the US Securities and Exchanges Commission ends. He also plans to dollar-cost his investments over time, which means investing a fixed amount of money in a coin at regular intervals. Price is disregarded.
Could XRP Skyrocket?
XRP's value has been more volatile than other cryptocurrencies due to its ongoing legal battle with the US Securities and Exchange Commission (SEC). The SEC has alleged that XRP's parent company Ripple had sold the token without registering it and that XRP should be considered a security. Exchanges like Coinbase delisted the coin, and its value dropped significantly as a result.
XRP's current value and performance remain highly unpredictable and will be heavily influenced by the outcome of the SEC vs Ripple case. As of this writing, XRP is the sixth most popular cryptocurrency according to CoinMarketCap.
What's Going On With Arbitrum?
Arbitrum's performance as a Layer-2 scaling solution for Ethereum has been impressive. After its launch in May 2021, many decentralised platforms and applications operating on Ethereum have adopted Arbitrum. These applications see Arbitrum as a way to address scalability issues afflicting the Ethereum network. They have been able to process transactions faster at a lower cost.
Arbitrum is currently trading at USD 1.20 with a trading volume of USD 1,133,827,320. It ranks number 38 on CoinMarketCap with 1,275,000,000 ARB coins in circulation.
Could Ben Armstrong's BIG Move Be An All-In In Big Eyes Coin?
Big Eyes Coin is a new cat-themed meme coin currently going through a monster presale. It has raised USD 32.5 million out of USD 50 million so far. Why is it doing so well? For one, it has managed to build a strong following on social media, captivating audiences with its adorable imagery. It aims to give back to this community in big ways too as It offers loot boxes with prizes, is active in charity, and holds an NFT club. Investors can receive 250 per cent in returns when they buy USD BIG or loot boxes with the code BULLRUN250. On March 31, BIG announced its mintable NFT cards.
Beginner investors may want to add Big Eyes Coin to their portfolio as this coin has the potential to compete with some of the biggest names in crypto!
For more information about Big Eyes Coin, check out the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
This story has been provided by ATK. will not be responsible in any way for the content of this article. (/ATK)
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor