Stablecoins can hold their value in the crypto market by being pegged to a reference asset such as a different cryptocurrency, exchange-traded commodities, or fiat money. Their price stability allows crypto investors to place their funds in stablecoins between investment rounds.
Big Eyes Coin (BIG) is in its presale and also has a fixed price, much like a stable coin. That is one of the reasons stablecoin holders are flocking to Big Eyes' presale, as with each new stage there is an increase in price, which could result in an increase in deposits.
Dai Offers Speed and Value Dai is part of the Ethereum blockchain and retains its value of USD 1 through a system of smart contracts. Dai has a host of decentralized participants who are incentivized by the ability of smart contracts to perform governance functions and maintenance on the platform.
Dai is the fourth largest stablecoin in existence, boasting an impressive market capitalization of USD 5.7 billion. One clear advantage of Dai is that it is built on the Ethereum network, allowing users to make fast cross-border transfers using crypto payment gateways that are cheaper than a bank transfer.
Tether Remains Largest Stablecoin
Launched by Tether Limited in 2014, U.S. Dollar Tether (USDT) is the largest stablecoin in the world by trading volume and market capitalization. In May 2022, its net supply peaked when it exceeded USD 84 billion. Presently, the stablecoin holds its capitalization at USD 66 billion. Tether's guarantee is that if you give it USD 1, it'll give you a coin that should always be worth USD 1. This promise means Tether is the most widely traded digital token in the crypto market. It has also become a sanctuary for worried investors after FTX exchange disaster, which caused turmoil within the crypto sector.
Big Eyes Coin is Attracting Stablecoin HoldersBig Eyes Coin (BIG) is a meme coin experiencing an enormously successful presale, raising an eye-watering USD 13 million so far. Big Eyes Coin aims to stand out as a purr-suasive cat in an ensemble of dog-themed meme coins.
Big Eyes Coin is set on making its users wealthy and creating a community bond with its exclusive NFT Sushi Crew, giving users the opportunity to sell and buy NFTs.
The new meme coin is stealing hearts with its charitable promises, giving 5 per cent of its profit to charities that preserve oceanic wildlife. This benevolent act shows Big Eyes Coin is not just a money-making scheme, by distributing a portion of generated income to worthy causes.
Both stablecoins and presale tokens have their risks. After the Terra stablecoin crash, stablecoins are still reaping the consequences. Many investors believe stablecoins do not possess an equal reserve pegged to their currency.
A presale may be a great method of investment during a bear market, although it does not predict how the coin will perform in the actual market. But with its charitable promises and appealing community, Big Eyes Coin is attracting stablecoin holders galore.
For more information on Big Eyes Coin (BIG), visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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( With inputs from ANI )
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