USD Coin, Shiba Inu, Big Eyes Coin: What you must consider before investing in Crypto in 2023
After reaching a record high in late 2021, cryptocurrency markets had a significant decline in 2022. Amid the FTX collapse, continued bankruptcies, and regulatory worries, Bitcoin fell from a record high of $69,044.77 in November 2021 to $16,400 in November 2022, representing a fall of nearly 76%. Is the present rise expected to continue in light of these persistent worries, and if so, what are the upcoming major altcoins?
Many people are still optimistic about the future of cryptocurrencies despite market difficulties as more investors express interest in them. For instance, a recent survey by deVere Group found that 82% of millionaires with assets between £1 million and £5 million (USD $1.23 million to USD $6.16 million) — a revealing evidence of their expanding adoption — inquired for advise on cryptocurrencies during the last 12 months.
USD Coin: Red January Might Signal Danger Ahead
The market capitalization of USDC has decreased since the beginning of January, from 44.5 billion to 43 billion. Despite the fact that this fall started in the middle of December when it dropped from 45.2 billion, the biggest peak in 2022 and ever was reached in June when it surpassed 56 billion.
It is important to note that USDC had less than $3 billion in capital before to the previous significant bull run, which occurred in December 2020.As at the time of filing this report, USDC has lost 0.02% in the last 24 hours, 0.02% in the last 7 days and 0.01% in the last 30 days.
Shiba Inu Enjoying A “Cindarrella” Moment
Shiba Inu is a meme coin that was specifically developed to take advantage of the excitement surrounding cryptocurrency in 2020. Shiba Inu has gained usage value over time in addition to being one of the top meme currencies on the market. For instance, the Shiba Inu team just unveiled a layer-2 solution that will aid in scaling, making it even better for regular payments. Shiba Inu also just unveiled a Metaverse, providing it with a foothold in a rapidly expanding market.
The token has put its best foot forward in 2023, going up by 42% after the close of January. It will however face stiff competition from other formidable currencies, especially newbies who are springing up with exciting offers and huge potential for greater returns.
Big Eyes Coin: New Token On A Revolutionary Mission
Big Eyes Coin (BIG) has taken the cryptocurrency world by storm, since it was created late 2022. Due to its outstanding presale performance, it has attracted the attention of major industry players. Despite not having been formally introduced to the retail market, BIG has gained the interest of investors and market analysts due to its widespread acceptability and record-breaking presales, having ended January with over USD 20.9 million.
The cat-themed meme coin also revealed a 20% launch bonus, giving early buyers the chance to get three times their money back when they buy the token. Evidently, investors have been utilizing this fantastic opportunity and have become interested in Big Eyes Coin’s vision to transform the dynamics of digital currency through investor-focused innovations.
Without a doubt, the Big Eyes Coin is still gaining momentum and will launch soon. Don’t forget that investing pays well, and investing early pays off even better. Use the coupon code “LAUNCHBIGEYES200” to benefit from this soon-to-expire promotion, and you’ll instantly receive a 200% bonus!
Find out more about Big Eyes Coin (BIG):
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