Investors are hopeful about cryptocurrencies moving forward in 2023. One of the biggest reasons behind it is the emergence of meme coins. If analysts are to be believed, meme coins provide a way out of the crypto crashes and platform collapses. Alongside meme coins, it is also generally advised to invest in stablecoins because they aren’t affected by the market ups and downs.
Big Eyes Coin (BIG), a new meme coin in the market, has all the right ingredients to outgrow the likes of Dogecoin and Shiba Inu. On the other hand, stablecoins such as Dai (DAI) and Tether (USDT) will provide a balance to your crypto portfolio. Let’s find out a little bit about these coins in this article!
Tether: Stabilising Your Portfolio
Ether aspires to offer a digital asset that is “secure” and has a steady value. Due to this, USDC is a stablecoin, which means that its value is based on the US dollar.
According to Steve Bumbera, chief operating officer of Many Worlds Token, one Tether can always be exchanged for one dollar, regardless of the situation of the market.
After then, the USDT may be traded, saved, or transferred. If a customer puts $100 in the Tether reserve, they will get 100 Tether tokens in accordance with a dollar parity of 1:1. Coins are destroyed and removed from circulation when users trade Tether tokens for fiat money.
DAI: Collateral Backed Coin
DAI, the first decentralised cryptocurrency with collateral backing, uses contracts to lock other cryptocurrencies to maintain a constant 1:1 value with the dollar.
As a result, DAI, unlike other asset-backed cryptocurrencies that may be released by for-profit businesses, is a creation of the Maker Protocol, an open-source decentralised application that runs on top of the Ethereum blockchain.
Big Eyes Coin: Cat Ready To Outrun The Dogs
A cat-themed crypto, Big Eyes Coin, has raised more than $13.5M so far. Along with Shiba Inu and Dogecoin, this cryptocurrency has also seen some significant growth over the past week.
Big Eyes is a community meme coin, much like Shiba Inu and Dogecoin. Big Eyes is a cryptocurrency that aims to fill a cat-shaped niche in the market and give a community a purpose and a cute mascot, unlike Shiba Inu and Dogecoin. Big Eyes’ objectives are to build a self-sustaining economy for its neighbourhood, transfer wealth to the Defi, and generate money for organisations that support the preservation of our marine environment.
Its NFT club is also one of a kind as it confidently intends to beat Ape foundation’s BAYC. BIG token users will be able to exchange digital assets on the CEX platform with ease and without any issues.
Final Thoughts
Consider investing in Big Eyes Coin, DAI and Tether, as they are the safest bet in the bear market. Big Eyes Coin has done excellent in its presale stages so far, giving hope to investors in the current crypto market. Considering its exciting roadmap, it is safe to say that this cat-themed meme coin will not stop anytime soon.
Use the code BIGsave323 to get bonus tokens!
Click on the links below to solidify your crypto portfolio!
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL