IMF Opposes Cryptocurrency Ban: Lido DAO & Big Eyes Coin Rally As BitDAO Consolidates In Red

International Monetary Fund (IMF) has sided with cryptocurrency industry by opting against an outright ban on crypto. Speaking on sidelines of G20 meeting in India, IMF’s Managing Director Kristalina Georgieva said agency would prefer introducing regulations to monitor cryptocurrency rar than banning it completely.

outcry for regulation on cryptocurrency comes following a series of controversies that began last year when crash and eventual bankruptcy of FTX cost investors to lose billions in investments and US Securities and Exchange Commission's clampdown on Binance USD (BUSD) stablecoin and Kraken’s staking-as-a-service platform earlier this year.

Despite setbacks, industry has been having, experts and analysts, predict cryptocurrency to see more growth indicating that 2023 could be most crucial and productive year for industry. Regardless of see-saw ride cryptocurrencies have been on over past few months, investors continue to remain optimistic about industry as new entries like Big Eyes Coin (BIG) have been gaining significant traction bearing testament to explosion of crypto market.

Big Eyes Coin: Defying Crypto Volatility

Big Eyes Coin (BIG) is a new community-owned cat-based ERC-20 meme token that has been built on Ereum Network that encourages cat-loving enthusiasts to invest in project with assurance of shifting wealth into Decentralized Finance (DeFi) ecosystem and upholding itself as a project that functions on eco-friendly principles.

Big Eyes Coin launched its presale in August 2022 and plans to go live on market once it has raised $50 million in presale tokens across 15 stages. meme token, now in stage 12 of its presale, has so far raised $30.61 million in presale tokens and has been judged as most successful Initial Coin Offer (ICO) in recent times, a rar impressive achievement given timing of presale; at height of FTX scandal.

presale stage of a cryptocurrency, allows investors to acquire tokens at a discounted price and produce heavy returns when token goes live. Big Eyes Coin when launched in presale, at stage 1, was worth $0.0001, meaning an investor who purchased $1000 of BIG tokens during this stage is set to earn 10,000,000 of BIG when it goes live. Based on same ory, buy ers can still earn 2,040,816 BIG coins at current price of $0.00049 per coin. It is essentially an ‘early bird catches worm’ scenario where buyers should hurry to get ir share of BIG tokens as price rises as each presale stage progresses.

Lido DAO: Tring Firm in Green

Lido DAO's (LDO) price rose overnight by 1.30% continuing its positive trend over past week where it has experienced a 6.34% gain. Lido DAO's gains have helped liquid staking solution for Ereum, to move up from $2.6712 a week ago to its current price of $3.13.

At time of writing, Lido DAO held a market capitalization of $2.6 billion and was tring at a volume of $319 million with a circulating supply of 847 million.

BitDAO: Red Tring Amid $200 Millon Web3 Fund Proposal

BitDAO (BIT), a decentralized autonomous organization, declined in past 24 hours by 0.87% continuing its weekly downward trend of 6.87%. BitDAO’s price has been back and forth over past 30 days posting a low of $0.4326 and a high of $0.6419.

BIT’s price movement comes amidst a proposal by Mantle Core, an Ereum layer-2 network developed by BitDAO ecosystem, to create a $200 million fund dedicated to early-stage Web3 startups which aims to boost option among developers and DApps.

At time of writing, BitDAO was tring at $0.584 and held a market capitalization of $1.2 billion with a 24-hour tring volume of $9.5 million.

Find out more about Big Eyes Coin (BIG): 

Presale: https://buy.bigeyes.space/ 

Website: https://bigeyes.space/ 

Telegram: https://t.me/BIGEYESOFFICIAL