Big Eyes (BIG) coin price action has been very disappointing so far for the presale investors. The presale process of the hyped meme coin consisted of 15 stages. At the very first stage, the coin was priced at $0.0001, and the price increased to $0.0006 at stage 15.
Currently, BIG coin is trading at $0.000018, which is more than 82% below the presale price of stage 1. This means that all the presale investors who were expecting massive gains after the project’s launch are sitting at unrealized losses.
It seems that the meme coin season 2023, which began after the successful launch of PEPE coin has now ended. This is evident from the launch of Big Eyes coin, which failed to generate any returns for its initial investors. This suggests that the meme coin demand has significantly decreased in the past few weeks.
Another reason behind the decreased investor interest in meme coins is the surge in BTC price. After a pullback at the start of June, the leading cryptocurrency is once again trading above $30,000. This has resulted in a flow of capital from altcoins to Bitcoin.
The latest technical analysis of BIG coin price chart reveals that it is forming a symmetrical triangle pattern. It is also evident from the following chart that the price is attempting to break out of this pattern. This breakout may result in a sigh of relief for the investors of the DeFi coin.
For me, Big Eyes coin price prediction will remain bearish until the price breaks above the presale price of $0.0001. Only a reclaim of this level may result in increased investor interest in the project. However, that seems highly unlikely in the current market conditions.
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This post was last modified on Jun 26, 2023, 13:58 BST 13:58