The 4th year of the 2020s has finally begun, and a new year has finally begun. This is the time of year when everyone comes up with New Year’s resolutions to make changes that will have a beneficial impact on their lives. For the crypto fanatic, this new year is a fresh start in what was previously one of the most difficult times for the cryptocurrency market. This is due to frequent crashes throughout 2022, with the first major collapse beginning in his May, when the value and market cap of the veteran network plummeted.
Then, the FTX Token collapse in November saw another drop in several of the top 50 cryptocurrencies. That being said, Big Eyes Coin (BIG) has been a success in the market and in pre-sales he has amassed nearly $13 million. Additionally, stablecoins such as Tether (USDT) and Dai (DAI) have the potential to solve cryptocurrency inflation while enabling the normalization of decentralized finance.
Big Eyes Coin – The DeFi Advocate
Big Eyes Coin (BIG) has become one of the most discussed memecoins in the market due to its decentralized finance advocacy. Blockchain networks have made their purpose clear and concise: to transfer wealth into the DeFi ecosystem while protecting a vital part of the world’s atmosphere. BIG plans to donate 5% of the total proceeds to a designated charity wallet, which will be used for ocean-based conservation.
In addition to advocating for improvements in the decentralized financial sector, Big Eyes Coin aims to launch on Uniswap, a popular decentralized trading protocol known for facilitating automated trading of DeFi tokens. Big Eyes Coin has received some serious attention on Twitter as it is endorsed by crypto influencers such as Ieda Wobeto, Gino Assereto and StormzETH. Memecoin currently has nearly 40,000 of his Twitter followers, and in the pre-sale he has amassed $12.74 million.
Tether – The #1 Stablecoin
Tether (USDT) is a cryptocurrency known for its proliferation of stablecoins, cryptocurrencies that attempt to lock in the market value of external references. The crypto was first launched in 2014 under the name Realcoin, initially he was a second-tier token built under the Bitcoin blockchain through the promotion of the Omni platform. It has since been renamed USDT and updated to run on networks such as Ethereum, Alogrand and Tron. A unique selling point of cryptocurrencies is the fact that their value is guaranteed by Tether and remains pegged to the US dollar currency.
Many cryptocurrency experts have recently questioned the viability of USDT due to speculation about its viability and financial health. However, Tether is currently his third most successful cryptocurrency after Bitcoin and Ethereum, demonstrating his dominance in the crypto space.
Dai – Ethereum-Based Stablecoin
Dai (DAI) is a cryptocurrency based on the Ethereum network and one of the most famous stablecoins on the market. Its price is soft pegged to the US dollar and backed by multiple cryptocurrencies that fund smart contract vaults whenever DAI currency is issued. So far, Dai’s price has fluctuated frequently, suffering from the first cryptocurrency crash in May 2022.
Unfortunately, according to an article published by FX Leaders, the shocking deterioration of Terra (LUNA) has affected almost all stablecoins, including Dai, as their market capitalization dropped from $10 billion to $6 billion. rice field. Dai’s central bank, MakerDAO, has resumed a fixed yield of 1% to help token holders cope with the volatility of its price and market cap. The stablecoin currently ranks 11th on CoinMarketCap, giving buyers optimism about blockchain’s resurgence.
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