Since the election of Rishi Sunak, or as some like to call him, the “champion of crypto”, the crypto community have high hopes for what Rishi Sunak in power could do for the entire crypto-ecosystem.
Sunak is now under pressure to deliver on his previous plans for the UK. Which includes the no-small task of saving the UK economy and delivering his promise to create a global crypto hub, introduce stablecoins into traditional finance, and create a financial sandbox for foster further innovations.
With high hopes for the future of the global and UK economy, many investors and traders are now wondering what Rishi Sunak’s crypto plans will mean for Big Eyes (BIG), Avalanche (AVAX), and Solana (SOL). Will Rishi Sunak’s plans be the catalyst that propels these blockchain projects to the moon?
Solana (SOL) is a blockchain platform which was designed to host decentralised applications and be an “Ethereum Killer.” Its native cryptocurrency SOL rose to fame in 2021, increasing by nearly 12,000%. Solana leverages the proof-of-stake (PoS) coupled with the proof-of-history (PoH) system which massively increases the number of transactions Solana can perform per second. This unique architecture of Solana attracts investors because it rivals the speeds and prices of Ethereum.
Previously as the UK’s Finance Minister, Rishi Sunak led on financial plans that the government announced last year. If these plans specifically relating to crypto come to fruition, Solana is likely to benefit from the outcome.
Solana is likely to see a big surge in engagement when the UK government’s first stage of the plan is executed. This will involve creating a “financial market infrastructure sandbox, ” enabling firms to experiment and innovate with crypto asset technology. This stage will create a wave of demand for blockchain technology within a broad sphere of sectors. The need for speed and efficiency will likely drive these firms to seek out the Solana platform. If delivered, Rishi’s plans will defineilty drive engagement with Solana and other blockchain projects.
One SOL is valued at $31.34 with a market capitalisation of $11,250,733,437at the time of writing. SOL is currently on a downward trend falling from its recent high of $34.31.
Will “Crypto Champion” Rishi Sunak Raise the Value of Avalanche?
Avalanche (AVAX) is a platform similar to Solana. It also rivals Ethereum regarding speed and scalability (it is infinitely scalable). In addition, avalanche’s reward system, which incentivises participation, makes it stand out from other platforms. However, the competition is stiff with Ethereum and Solana in the ring.
Like Solana, Avalanche is also likely to benefit from Rishi Sunak’s plans to put the UK at the forefront of fintech innovation. As it is likely that Rishi Sunak’s plans will likely set a precedent for other countries that have not yet considered the benefits of crypto asset integration. However, Avalanche will likely still have to compete for the top position on the leaderboard, as Ethereum and Solana are also likely to gain from Rishi Sunaks plans.
One AVAX is valued at $17.86 at the time of writing, with a market capitalisation of $5,336,471,928. AVAX is on a downward trend from its recent high of $19.61 on 31/10/2022.
Will Sunak be the Catalyst for Big Eye’s Trip to the Moon?
Big Eyes (BIG) is a new meme coin currently in its 6th presale stage; even though it’s a young cryptocurrency, many traders and experts are impressed by the strength and vitality of the Big Eyes presale. At the time of writing, Big Eyes has raised over $9 Million and has already secured a top-tier CEX for when it launches, which will likely be very soon.
One of the reasons why many people are flocking to the Big Eyes presale is because this is not just any old doge-related meme coin. Instead, Big Eyes Coin is a cat-themed coin with a fierce community spirit. It has it’s big enchanting eyes set on a future where its community can thrive and create wealth together. Not to mention providing much-needed charity support to organisations working to protect and preserve marine life.
Suppose Rishi Sunak’s plans for the UK global crypto hub, sandbox, and stable coin regulation come to pass. In that case, Big Eyes will likely be propelled to the moon as it is poised to thrive in a future where Rishi Sunak and other world leaders promote crypto innovation and adoption. This due to its unique, cute and sustainably appealing features which will continue to capture the hearts of generationsof crypto enthusiasts to come.
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For more information on Big Eyes Coin (BIG) and its community, please visit the following links:
The Big Eyes Presale: https://buy.bigeyes.space/
The Big Eyes Website: https://bigeyes.space/
The Big Eyes Telegram: https://t.me/BIGEYESOFFICIAL
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