Looking to start your 2023 with some solid crypto investments? DeFi and stablecoins are a great way to invest in your future, as there are many coins with staggering potential, such as Big Eyes Coin (BIG), as well as more established coins like Uniswap (UNI) and USD Coin (USDC).
What Are Stablecoins?
Whilst most of the cryptocurrency market swings wildly with volatility, stablecoins are a fiat-backed cryptocurrency asset, meaning they do what they say on the tin – aim to be stable. Stablecoins hold the value of one unit of the fiat currency to which they are anchored, and will remain paired with their equivalent fiat currency at times when the market is falling. This means that while other cryptocurrencies are losing value, your investments would be impervious to the depths of crypto winter. This enables investors to continue within the cryptocurrency ecosystem without having to expose their holdings to as much volatility.
Additionally, stablecoins allow you to get a passive income because exchanges often offer interest rates ranging from 3% to 20% annually. By staking stablecoins to maintain them, you can increase your interest rate, as you are helping secure the network.
USD Coin: A Solid Base
One of the largest stablecoins available is USD Coin (USDC), which is ranked fourth among all cryptocurrencies by CoinMarketCap. Compared to the more highly regarded Tether (USDT), USD Coin is viewed as a safer alternative. Although Tether has a higher trading volume, USD Coin has a lot more transparency regarding audits and the finances of their reserves compared to Tether, so some investors feel more comfortable with USD Coin.
Uniswap: The DeFi Giant
Uniswap (UNI) is a decentralised exchange (DEX) built on the Ethereum blockchain that allows users to trade digital assets in a peer-to-peer fashion. It is considered a solid investment by some people because it has seen strong adoption and has a solid track record of handling high trading volumes. In addition, the use of smart contracts on the Ethereum blockchain means that trades on Uniswap are transparent, secure, and censorship-resistant.
In the wake of the FTX crash, DeFi is getting increasingly more popular, as people want to get involved with cryptocurrencies in a decentralised manner. People are looking at centralised exchanges with more skepticism, and for good reason. This is why it is a good idea to pick up DeFi tokens like Uniswap, and also look into up and coming DeFi tokens.
Big Eyes Coin: Cat-alysing Change
Big Eyes Coin (BIG) is a brand-new meme coin and ERC-20 token. It differs from the many Shiba Inu copies because it aims to make the world a better place, instead of just being a joke coin. The earnings from the sale of 5% of all BIG tokens are being donated to organisations that support ocean conservation. Our seas need our help urgently – pollution and overfishing are running rampant and destroying our seas. Your efforts in the fight against pollution will be aided by investing in Big Eyes Coin. As Big Eyes Coin’s value goes up, so will its ability to make a difference will increase with its value.
Stablecoins and DeFi tokens are a great way to start investing in 2023. New DeFi tokens like Big Eyes Coin (BIG) and established players like Uniswap (UNI) are a great way to get involved in the DeFi space. Be sure not to miss out on stablecoins like USD Coin (USDC) too! However, it’s important to note that investing in any asset carries inherent risks and it’s important to do your own due diligence before making any investment decisions.
Big Eyes Coin (BIG)