The project is an exciting one, and one challenging my conventions seen within the meme token market. But what makes Gigantic Eyes Coin unique, and how will it be able to compete with significant market competitors like Baby Carry Outge Coin and Shiba Inu?
In this article, we will be looking at these two meme token projects, before seeing how Immense Eyes Coin could pose a legitimate threat.
Shiba Inu Leads Meme Token Revolution
Started in 2020, Shiba Inu has revolutionised the meme token market, posing a genuine threat to market leader Carry Outgecoin in the process.
The token frequently dubbed the ‘Finishgecoin Killer’, which was built on the Ethereum blockchain, was able to build such massive success in such a short period of time thanks to genius social media marketing through platforms like Twitter, alongside stunts involving Ethereum founder VitalikButerin. This, combined with good timing and even better luck, saw the token skyrocket in value, breaking the Coin Market Cap top 15 in an incredibly short time.
Baby Carry Outge Coin Follows In Shiba Inus Pawprints
The success of Shiba Inu led to the creation of a host of other dog-themed meme tokens, taking the formula used by Shiba Inu and reshaping it to the project’s needs.
One such token is Baby Doge Coin, which was launched back in June of last year. In just over a year, this token has been able to break into the top 250 cryptocurrencies by market capitalization, thanks to its cute token mascot design and deep understanding of the meme token market.
Pictured by Coin Market Cap as having ‘learned a few tricks and lessons from his meme father, Doge’, Baby Doge Coin is a deflationary token, meaning that the amount of tokens on the market will reduce over time, adding value to the tokens currently being held by community members. This method gives early investors a great opportunity to make major returns if their tokens are HODLed, building hype and allowing the project to explode onto the scene.
It is a smart choice from Baby Doge Coin, and one that has worked out incredibly well for the project.
Gigantic Eyes Teaches An Old Dog New Tricks
With competition like this, Gigantic Eyes Coins’ rise to the top will not be a straightforward one. However, there are multiple aspects of the project that give the project good odds of success. How much success, however, is still to be seen.
There are two primary ways that Huge Eyes Coin is separating itself from the crowd.
Firstly, with its cat themed design and subtle jabs at dog-themed tokens like Shiba Inu and Dogecoin, Gigantic Eyes Coin is making its opposition to the standards of meme coins be known loud and clear. Quotes from their website such as ‘No Dogs, No Masters’ make this defiance clear, however Gigantic Eyes Coins defiance of meme coin norms goes far beyond appearances.
The second biggest way that Huge Eyes Coin is separating itself from market conventions is through their charity drive and NFT Marketplace, which have existed as part of the project since its inception, unlike other projects who choose to add these aspects later.
Enormous Eyes Coins’ charity drive, for example, sees 5% of all BIG tokens being held in a charity wallet to be donated to ocean conservation.
As a cat, the Enormous Eyes Coin mascot loves fish, and as the website describes, ‘Healthy oceans produce delicious cat food’. This goal is routinely seen posted across the Immense Eyes Coin website as a key goal of the token, with users getting involved with the token actively helping in raising the value of BIG, and thus the value of the donation.
These factors combine to make Enormous Eyes Coin a fierce competitor in the meme token market. Will you get involved?
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