Big Eyes Coin Could See Increased Deposits From Stablecoins Like Tether And Dai – CryptoMode

Stablecoins traditionally hold their value in the crypto market by being pegged to a benchmark such as an exchange-traded commodity, another cryptocurrency, or fiat money. Due to their price stability, most crypto holders put their funds into stablecoins between investment rounds.

Tether (USDT) and Dai (DAI) are two major stablecoins in the crypto market, boasting a combined market cap of $72 billion at the time of writing. Big Eyes Coin (BIG) is a new meme token currently in the pre-sale phase. The token has already raised a staggering $12.74 million at the time of writing, showing the hype surrounding this new token. Let’s find out why Big Eyes Coin saw increased deposits from stablecoins.

Big Eyes Coin To The Moon!

As mentioned above, Big Eyes Coin is in its infancy stages of development, reaching the seventh stage in its much-anticipated pre-sale. Pre-sales are a good indicator of how successful a cryptocurrency could be over the long term as it builds a community of loyal crypto holders.

Big Eyes Coin is heavily involved in charitable causes, including helping marine life survive during the climate crisis. Many threats plague marine life, and Big Eyes Coin has taken it upon itself to thwart them by holding a charity exchange with 5% of its tokens held exclusively for marine protected areas.

So how can Big Eyes Coin see increased deposits from stablecoins? Because Big Eyes Coin is in pre-sale, the token has a fixed price, similar to a stablecoin. Crypto holders are more inclined to switch their funds from a stablecoin to a presale token as Big Eyes’ token increases in price with each tier, potentially leading to higher deposits.

No time for Dai

Dai is hosted on the Ethereum blockchain and maintains its $1 value through a system of smart contracts and the decentralized participants incentivized by the smart contracts to perform governance functions and maintenance on the platform.

Dai boasts an impressive market cap of $5.7 billion, making it the fourth largest stablecoin in the crypto market. A clear benefit of Dai is that it is built on top of the Ethereum network.

It allows users to make fast and cheap cross-border transfers through crypto payment gateways while paying less than a bank transfer. This is just one of the many benefits of keeping your funds in Dai, you can also generate passive income by 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 matter in the crypto space and demonstrate 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 have financially hampered the general public, including the energy crisis and rising cost of living.

Why not start your 2023 investment round with stablecoins, which are almost guaranteed to retain their value in the crypto market? With the current bear market plaguing the crypto ecosystem, it seems safer to invest your money in stablecoins.

Final Thoughts

While stablecoins are a great way to ensure your crypto holdings retain the same value, Big Eyes Coin offers users a way to potentially increase the value of their holdings when the token is officially launched!

Additionally, Big Eyes Coin is offering 5% bonus tokens to those who shop at checkout with code “BIGsave920”!

For more information on Big Eyes Coin (BIG) follow the links below:

Pre sales: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

None of the information on this website constitutes investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial loss caused by actions taken based on information provided on this website by its authors or clients. Always do your research before making any financial commitments, especially on third-party appraisals, pre-sales, and other opportunities.

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers