With an uncertain year ahead, here are three cryptocurrencies attracting investors in 2023.
Binance USD (BUSD) offers stability
Stablecoins are cryptocurrencies that link their market value to an external asset, thereby offering more security. Binance USD (BUSD) is one of the most popular stablecoins around. Consequently, more investors are choosing to add BUSD to their CeFi and DeFi investment portfolios.
The reason BUSD is so popular is that it has different features to other altcoins in the market. BUSD is regulated, audited, 100% backed by the US Dollar, and different to fiat investments, which are not backed by a commodity.
According to Binance, BUSD is one of the few stablecoins in the world that is backed 100% with actual cash and cash equivalent reserves held and managed by Paxos.
Founded by Binance and Paxos in 2019, its value is pegged to the U.S. dollar at a 1:1 ratio, so for every unit of BUSD, one U.S. dollar is held in reserve. In a sea of uncertainty, that’s a reassuring lifebuoy. Because of its link to currency, Binance USD is an ideal choice whenever volatility is a concern. Binance USD is a good investment choice as it maintains a more stable value, even if the crypto market goes through a volatile period. Investors can therefore take on a number of higher-risk investments, while having some shelter from market uncertainties.
Binance USD offers high liquidity for traders, they can trade and invest easily. Traders can also easily trade newly-listed tokens instantly once they are on Binance’s exchange.
In November 2022, Binance USD’s market capitalisation (market cap) stood at $22.86 billion.
DAI – appealing to younger crypto investors
Dai (DAI) is an over-collateralised, crypto-backed stablecoin. This means that you have a coin that is backed by other crypto to more than its own value. The Dai team has been working on innovation to make the project appeal to younger investors, and this approach has been paying off. They have collaborated with influencers to promote Dai across different channels and platforms and engage with a new generation of investors. They are also in the final stages of listing DAI on major centralised crypto exchanges.
Created through the Maker platform, Dai is a token stabilized against the value of the US dollar, although it isn’t backed by the currency. Dai uses margin trading to respond to changing market conditions. Dai brings trustless stability to the volatile crypto ecosystem, meaning you don’t have to trust a third party. As of the time of writing, Dai (DAI) traded for $0.999491 USD with a 24-hour trading volume of $101,801,843 USD.
Big Eyes Coin – the altcoin all eyes are on
Since its launch, Big Eyes Coin (BIG) has raised more than $11.9M and attracted a lot of favourable attention. Willing investors have been pouring money into BIG token for its exciting future roadmap and the appeal of its feline mascot and green credentials.
Big Eyes Coin is community-focused and creates a fun platform for its users. It provides a range of exciting features including an NFT club, merchandise store and other exclusive offers.
Big Eyes Coin is proving to be a utility coin and investors are excited about its positive future.
BIG aims to increase the circulation of wealth in the DeFi space by providing easy access for users. Big Eyes Coin brings liquidity to the cryptocurrency market by making trading direct and superior to others. The coin will function as a utility on its Ethereum-based blockchain ecosystem. Users will be able to use BIG for rewards and transaction purposes. Big Eyes Coin has the potential to become a huge wealth generator for token holders in the future and make a difference to the world we live in.
Big Eyes Coin has a high potential to be the next meme coin to surge in popularity and joining the presale is almost certainly a profitable decision. According to market indicators, investors face low risk by purchasing Big Eyes Coin. Investors seem to agree.
In this uncertain crypto climate, the reliability of a cost-effective cryptocurrency is an absolute must and Big Eyes Coin is definitely worth consideration.
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
