On Saturday, 25th February, Solana (SOL) experienced its first outage of the year. Solana’s community took to social media to voice their concerns with the blockchain. While Solana has problems, Big Eyes Coin (BIG) and Binance (BNB) have been in luck. Both coins are on the rise, and Big Eyes Coin is making a name for itself in the crypto market and has raised a record $30.6 million so far in their presale.
Solana Outage Causes Outrage
On Saturday, Solana faced performance degradation issues. There were transaction disruptions, and validators had to restart the network to solve the problem. What started as sluggish transaction processing spiraled into nearly a complete shutdown of activity. Solana users were unable to move any tokens or conduct any transactions during the outage period.
Solana is used to outages; in 2022 alone, the platform underwent 11 major and 3 minor outages. This time, however, the system was down for a total of 18 hours and 50 mins, the longest in more than a year.
Solana’s developers have stated that the root cause of the outage is still unclear. However, as the community has voiced their frustrations, they have also expressed their theories for the outage. One user has cited a design flaw as the reason. Stating that validator messages take up too much of the transaction volume because network transactions consist of consensus communication between validators and transactions.
On the night of the outage, the coin’s value dropped to around $21 from a high of $23.50. The coin is slowly making its way back up, currently selling for $22.45.
Can BNB’s Value Rise This Year?
BNB is the Binance Exchange platform’s sole currency. It was first created using the ERC-20 token on the Ethereum blockchain. Binance then launched its own blockchain, the Binance Chain – a distributed blockchain network powered by the native BNB token upon which developers and innovators can build DApps. Owning the coin on the Binance chain grants users access to exclusive token sales and reduced trading costs.
Binance has experienced volatility in the market in the past, but investors are positive about the coin as its value gradually rises. The coin has strong fundamentals and is backed by high-profile partnerships and collaborations.
It currently sells for around $303 and is ranked 4th by market capitalization. Analysts predict that the coin could climb dramatically this year as it has a strong market position.
Big Eyes Coin Drops Loot Boxes
Big eyes coin is the newest meme coin set to launch this year. The coin is ERC-20 and is built on the Ethereum network. This gives it the perfect position to offer fast, low-cost, secure, and private transactions. Currently, in stage 12 of the presale, the coin is already gaining massive popularity and building an impressive community.
Big Eyes Coin’s creators aim to unconfuse Defi and simplify the process. This is why they are putting the community first. The coin is completely decentralized, giving users a say in the direction and development of the project. They believe that community is where their strength lies. Therefore, the goal is to create the biggest, most active, most engaged community possible to continue its development. On top of that, the community will be rewarded with regular giveaways, NFTs, and rewards.
Big Eyes are already rewarding its community as they have just released a series of loot boxes. Big Eyes loot boxes can be purchased now, and many buyers have already received amazing rewards. There are three boxes on offer: the $100 Cute Box, the $500 Kitty Vault, and the $1k Super Saiyan box. In terms of rewards, users will gain at least their money back. So, if buyers purchase the cute box, the lowest reward will be $100, while the maximum reward is $5000. The top prize is $100,000 in the Super Saiyan box.
Big Eyes Coin has seen a monumental presale so far. The momentum is not slowing down. Big Eyes is almost ready to launch, and it’s aiming for the moon. Buy now to get your piece of BIG’s success.
For more information on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
