Crypto enthusiasts are looking at ways to make 2023 a year to remember and many crypto experts have predicted that the way to do that, would be investing in successful stablecoins like Terra Classic USD (USTC) and Dai (DAI). Stablecoins are a less volatile option because they are pegged to either fiat currencies or gold etc. Also, another type of crypto to look out for are meme coins, especially those that have uses and rewards like newcomer Big Eyes Coin (BIG) which is tipped to shake up the crypto market.
Terra Classic USD’s (USTC) Success Story so far
Terra Classic USD (USTC) is a decentralised and algorithmic stablecoin which has been split into two as part of a revival plan by Do Kwan, so the new chain is called Terra 2.0 and the older version is Terra Classic. The platform is a convertible coin with a yield and a value pegged to the US Dollar. The creation of TerraUSD was intended to benefit the Terra community and provide DeFi with a scalable alternative in the face of severe scaling issues that other stablecoin leaders like Dai were experiencing. Thus, TerraUSD assures users of greater scalability, accuracy of interest rates, and interchain usage.
TerraUSD stands out among its competitors thanks to a number of advantages it offers. A big reasons for the platforms’ success is the ability for its users to generate passive income thanks to the constant interest rates of the Anchor lending protocol. The lending technique known as Anchor guarantees a 20% return on UST savings. Rewards in PoS chains, which keep their stability due to commissions and inflation, provide additional and consistent income which is great news for its users.
Dai (DAI) is the Stablecoin taking over the Crypto Market
Dai (DAI) is an Ethereum-based stablecoin and its progression is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization. The price of DAI is soft-pegged to the U.S. dollar and it is backed by a variety of other cryptocurrencies that are placed into vaults controlled by smart contracts each time more DAI is issued.
The biggest advantage of DAI is the fact that it is soft-pegged and it is subsequently the second largest stablecoin by market capitalisation. Also, Dai is not managed by a private company, it is managed by a decentralised autonomous organisation through a software protocol. So many investors are wanting to be apart of this new trend of buying a stablecoins and this could be a great opportunity for new users.
Big Eyes Coin (BIG) – The Revolutionary Meme Coin
Big Eyes Coin (BIG) is a new meme coin which is tipped as being the next big meme coin by many crypto analysts. Big Eyes Coin (BIG) has had a lot of hype and this is largely due to its revolutionary commitments to charities, which preserve the wildlife in the ocean. The new meme coin will donate 5% of its profits to charity and this feature has appealed to many users who care about looking after the planet.
Big Eyes Coin (BIG) has a cute cat mascot and even though it is rivaling many of the dog meme coins, it seeks to stand out and generate a lot of money for its users. Big Eyes Coin has raised an impressive $12.75 million, and it is just in its presale stages. So this could be a great opportunity for users to buy the coin when it is at a lower price and then potentially make a huge profit when it skyrockets on the market.
In addition, Big Eyes Coin is doing a bonus tokens giveaway and to benefit from the giveaway use the code: BIGsave264 when buying BIG tokens.
To find out more about Big Eyes Coin (BIG), follow the links below: