US CPI Data Released! Will Big Eyes Coin Be a Potential Hedge against Rising Inflation?

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The US Labor Bureau of Statistics has announced that the US Consumer Price Index (CPI) dropped from 5% in March to 4.9% in April, slightly lower than the market’s predicted rate of 5%. However, it’s important to note that inflation is still higher than the Federal Reserve’s target of 2%.

As investors continue to seek out alternative assets to hedge against inflation, let’s explore how  Big Eyes Coin (BIG), a new meme coin in the market, can serve as a shield against rising inflation.

How Does Inflation Impact the Crypto Market?

Inflation has been a concern for many investors in traditional markets, as it can erode the value of their holdings over time. As a result, investors may look to alternative assets like cryptocurrencies as a hedge against inflation.

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With the US CPI coming in slightly lower than predicted, it may ease some of these concerns and reduce the urgency for investors to seek out alternative assets. However, it’s important to note that the US inflation is still higher than the Federal Reserve’s target of 2%, so the potential for continued interest in crypto as a hedge against inflation remains.

Additionally, the news of a lower-than-expected inflation rate in the US may boost confidence in the overall economy, which could lead to increased investment in all types of assets, including cryptocurrencies.

In fact, the latest US CPI data has already had a notable impact on the crypto market. After the BLS announcement, big players like Bitcoin and Ethereum witnessed a sudden surge in price, demonstrating that investors are still concerned about the impact of inflation and seeking alternative investment options.

Read: Inflation rate eases to 4.9% in April, less than expectations

Check out How the Stocks Performed After Inflation

Big Eyes Coin: The Ultimate Hedge Against Surging Inflation Rates!

Big Eyes Coin has proven its resilience to market volatility over the past 9 months, withstanding the US banking crisis that affected other coins earlier this year. However, investors may still question whether the coin can maintain stability after its launch and serve as a viable hedge against surging inflation rates in the US. Here are several reasons why you can confidently bet on Big Eyes Coin to weather any market trends.

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From the outset, Big Eyes Coin’s goal has been to transfer wealth into the Decentralized Finance (DeFi) system, achieved through community empowerment. This strategy has enabled the BIG token, the native currency of the Big Eyes Coin ecosystem, to progress through 13 stages and raise an impressive $36 million during its presale stage. This success proves that Big Eyes Coin has a loyal and supportive community that can back it up during difficult times.

Additionally, the Big Eyes Coin project is offering exclusive NFTs and developing a club for NFT holders called Sushi Crew. Furthermore, the Big team recently announced the launch of a Casino featuring over 4,000 games, including some exclusive P2E games. With NFTs and gaming becoming increasingly popular in the crypto space, these features could make Big Eyes Coin more attractive to investors and users seeking innovative opportunities to hedge against inflation.

As the presale of Big Eyes Coin draws to a close on June 3rd, the project team is offering a 300% bonus to those using the code END300 to further promote the presale.

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Track the Latest US CPI Here

Track the Crypto Market Here

Final Thoughts

To conclude, Big Eyes Coin has shown impressive resilience in the face of market volatility and uncertainty. Therefore, if the project succeeds in delivering its promises of community empowerment, innovative NFT offerings, and a wide range of gaming services after the launch on June 15, it could potentially attract a large following and investment interest, regardless of the current inflation rates

Find out more about Big Eyes Coin (BIG):