Cryptocurrencies take many different forms. The first cryptocurrency to be launched was Bitcoin (BTC) in 2009. Bitcoin (BTC) was the first cryptocurrency to bring blockchain technology and decentralised finance to mass media. Many cryptos have been created after Bitcoin (BTC) using their own blockchain technology like Ethereum (ETH).
Though it has been around for a long time, cryptocurrency has gotten exponentially more popular during the last few years. The worldwide Covid-19 pandemic led to massive growth in the crypto market. Now everyone knows what cryptocurrency is, and I am sure even your fuzzy little companions have heard of Dogecoin (DOGE)!
Among the different types of crypto are meme coins. Meme coins are primarily community-backed coins. The first ever meme coin was created in 2013 as a joke. Though they started off not expecting anyone to take them seriously, meme coins formed a like-minded community of people. Meme coins are now some of the most popular crypto coins on the market. The success of meme coins can be seen in Big Eyes Coin (BIG), a meme coin experiencing huge success in its presale.
Stablecoins are also some of the most successful cryptocurrencies. Due to their less volatile nature, stablecoins like Binance USD (BUSD) have been making their way up the rankings.
Keep Your Crypto Wallet Stable With Binance USD
Binance USD is a stablecoin that was founded by crypto exchange giants Binance and Paxos. The stablecoin is built on the Ethereum blockchain but can also run on Binance’s smart chain technology. BUSD is pegged at a 1:1 to the US dollar, so whenever the US dollar price goes up or down slightly, BUSD will follow. This makes it less volatile than other cryptocurrencies as it doesn’t change significantly overnight, causing worry or concern to its investors.
To ensure the coin’s validity, Paxos has a reserve of US dollars equal to the amount of total BUSD. This ensures the coin’s stability and further backs its worth at a 1:1 ratio with the dollar. BUSD has many other benefits, and it allows crypto investors to turn their holdings into stable assets without losing the benefits of the blockchain’s decentralisation.
Big Eyes Coin To Be The Next Big Meme Coin
Big Eyes Coin (BIG) is a cat-based meme coin in its presale stage. It is experiencing massive success. In its presale and has raised over $13 million in only a few months. This is one of the largest sums a meme coin has raised in its presale. The presale will continue for a while and garner even more money, giving more accountability and community backing to Big Eyes Coin.
The Coin aims to build a thriving community of like-minded individuals. Big Eyes Coin would like to be a safe place where ‘cuteness’ is seen as a strength and is not diminished through its ‘cute is currency’ initiative.
There are many forms of cryptocurrencies on the market, all of which offer their own unique benefits. Stablecoins such as BUSD give investors a stable crypto asset that takes volatility away from the equation. Other cryptos like meme coin Big Eyes Coin (BIG) help build a sense of community.
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Big Eyes Coin (BIG)