Stablecoins traditionally hold their value in the crypto market by being pegged to a reference asset such as exchange-traded commodities, another cryptocurrency, or fiat money. Due to their price stability, most crypto holders place their funds in stablecoins between investment rounds.
Tether (USDT) and Dai (DAI) are two significant stablecoins in the crypto market, hosting a $72 billion market capitalisation between them at the time of writing. Big Eyes Coin (BIG) is a new meme token that is currently in the presale stage. The token has already raised an eye-watering $12.74 million at the time of writing, showcasing the hype around this new token. Let’s find out why Big Eyes Coin could see increased deposits from stablecoins.
Big Eyes Coin To The Moon!
As mentioned above, Big Eyes Coin is in the infant stages of its development, reaching stage seven in its highly-anticipated presale. Presales are a good indicator of how successful a cryptocurrency could be in the long run as it builds a community of loyal crypto holders.
Big Eyes Coin is heavily involved with charity work, including the survival of marine life through the climate crisis. Many threats plague marine life, and Big Eyes Coin has taken it upon itself to thwart them by holding a charity wallet containing 5% of its tokens exclusively held for ocean sanctuaries.
So, how can Big Eyes Coin see increased deposits from stablecoins? Since Big Eyes Coin is in presale, the token has a fixed price, similar to a stablecoin. Crypto holders are more inclined to shift their money into a presale token from a stablecoin since Big Eyes’ token increases in price with each stage, potentially resulting in increased deposits.
No Time To Dai
Dai is hosted on the Ethereum blockchain and retains its value of $1 through a system of smart contracts and the decentralised participants who are incentivised by the smart contracts to perform governance functions and maintenance on the platform.
Dai boasts an impressive market capitalisation of $5.7 billion, making it the fourth-largest stablecoin in the crypto market. One clear advantage of Dai is that it is built on the Ethereum network.
It allows users to make fast and cheap cross-border transfers using crypto payment gateways, paying less than a bank transfer. This is just one of the many benefits of holding your funds in Dai, you can also generate passive income from participating in Yield Farming!
The Asset-Backed Stablecoin – Tether
So, why should you use Tether? Tether is supported by multiple blockchains, including Ethereum, Tron, Solana, Algorand, EOS, and Bitcoin Cash. The blockchains that support it are significant in the crypto space, showing how accessible Tether is to the crypto community.
2022 was one of the worst years for the crypto community financially. Away from the crypto market, other factors hindered the general public financially, including the energy crisis and the rise in the cost of living.
Why not start your 2023 investment round with stablecoins that are almost guaranteed to hold their value in the crypto market? With the current bear market plaguing the crypto ecosystem, it seems safer to place your funds in stablecoins.
Final Thoughts
While stablecoins are a good way to ensure your crypto holdings keep the same value, Big Eyes Coin offers a way for users to potentially increase the value of their holdings when the token officially launches!
Additionally, Big Eyes Coin is offering 5% bonus tokens to those who purchase with the ‘BIGsave920’ code at the checkout!
For more information on Big Eyes Coin (BIG), please visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
