Cryptocurrencies have caught everyone by surprise since the arrival of the original cryptocurrency back in 2009. Nobody could see it coming, the revolution that has already gripped Millennials and Generation Z.
In the world of cryptocurrencies, the rise of meme coins has been nothing short of remarkable. With their humorous origins, meme coins have captured the attention of crypto enthusiasts and investors alike.
And now, a new player has emerged in the meme coin world, one that is already making waves in the market. Big Eyes Coin (BIG), a cat-themed meme coin built on the Ethereum blockchain, has outperformed established cryptocurrencies like Polkadot and Stellar during its presale phase, sending shockwaves through the crypto community.
In this article, we will explore the story of Big Eyes Coin, how it has risen to prominence so quickly, and what it means for the future of the meme coin market.
Stellar (XLM): A Stellar Show All the Way!
Stellar is a decentralized protocol with open-source code that facilitates the storage and transmission of cryptocurrencies. It enables cross-border transactions with a minimal fee between any currency pairs.
The Stellar blockchain was launched in 2014, utilizing the Federated Byzantine Agreement algorithm to enable faster and more economical transactions.
In 2017, Stellar gained significant attention after announcing its collaboration with IBM to establish multiple currency corridors for nations in the South Pacific.
The primary token on the Stellar blockchain is Stellar Lumens (XLM), which serves as the transaction fee.
Early in 2021, the value of the Stellar Lumens token grew more than five times to reach $0.73. However, it failed to surpass its all-time high value of $0.93 reached in 2018.
At present, the value of the Stellar Lumens token stands at $0.093, which is 48% lower than it was a year ago.
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