The newest cryptocurrencies, like Big Eyes Coin (BIG), have not only raised the bar high but also changed the rules of the game, which were established by crypto juggernauts like Bitcoin (BTC) and Ethereum (ETH) a long time ago.
The rising interest of people in cryptocurrencies is quite evident in Big Eyes Coin's recent impressive presale rally. In the ongoing rally, the cat-themed Big Eyes Coin has raised over $31 million since the presale entered stage 12. The 12th stage of the presale coincided with the launch of loot boxes by the meme coin, which is already turning heads more than ever. Big Eyes loot boxes allow users to gain as much as %5,000 on their purchase without fearing losing their original invested money. It only means that everyone's a winner with Big Eyes Loot Boxes. It is nothing less than a gift that keeps on giving.
As Big Eyes Coin is on a roll with its presale loot boxes, let's explore the 15 reasons why you should consider investing in cryptocurrencies like BIG, BTC, ETH, and many others in 2023, along with examples to illustrate each point.
There is no question about the growth potential of cryptocurrencies. As more people opt to select cryptocurrencies for their investments, their prices are likely to escalate in the future. Bitcoin is a prime example of high-potential growth.
In 2021, the BTC price reached an all-time peak of over $64,000, which was recorded at $1,000 in 2017. Similarly, Big Eyes Coin has already proved a point with a surge of 390% in its value from the first stage to the 12th stage of its presale.
Cryptocurrencies are unique nature-wise because they are decentralized, unlike conventional financial systems. Cryptocurrencies are not controlled by any government institution, financial regulator, or watchdog. That's why cryptos are regarded as more secure and resistant to manipulation.
Ethereum is the second largest cryptocurrency in today's world by market capitalization. It is built on a decentralized blockchain which allows developers to create decentralized applications.
As more people are getting awareness regarding cryptocurrencies and how they are here to stay, there has been a visible increase in crypto adoption worldwide. Digital currencies are becoming more mainstream as more businesses, organizations, and individuals accept and use them as a mode of payment. This will lead to enhanced demand and bigger value for cryptocurrencies in the coming years.
In 2021, PayPal allowed its users to buy, hold, and sell cryptocurrencies, and Tesla purchased $1.5 billion worth of Bitcoin for its corporate treasury.
Unlike traditional financial systems, cryptocurrencies use highly advanced blockchain technology, which makes them highly secure and virtually impossible to hack.
Despite being one of the biggest and most valuable blockchains in the world, Bitcoin has never been hacked.
Cryptocurrency transactions fare much better when compared with traditional payment solutions. Since cryptocurrency transactions are cheaper than other modes of payment, it makes them an attractive option for people who love to save money on transaction charges.
The fees for sending Bitcoin transactions are typically less than 1% of the transaction amount.
It is easier to invest in cryptocurrencies than any other instrument. A person's financial status, gender, race, location, etc., don't matter when it comes to investing in cryptocurrencies. This accessibility has played a central role in making cryptocurrencies a popular investment instrument for people from all across the globe.
Binance allows its users to buy and sell cryptocurrencies using a wide range of fiat currencies and payment methods from around the world.
Keeping and managing portfolios is an important aspect of investment. Portfolio management can help reduce risk and increase returns over the long term. Cryptocurrencies offer investors yet another way to diversify their investment portfolio.
Adding a small allocation of Big Eyes Coin to a traditional investment portfolio can reduce the overall risk and volatility of the portfolio.
Global financial experts deem cryptocurrencies as a valid hedge against inflation. Since cryptocurrencies are not subject to the same inflationary pressures as conventional currencies, they remain undeterred by what's happening in the outside world.
The COVID-19 pandemic closed down the whole world and left the US Federal Reserve with no option to print trillions of dollars to stimulate the economy. This led to valid concerns about an escalation in inflation. During testing times, many investors resorted to buying Bitcoin and other cryptocurrencies as a way to protect the value of their wealth against inflationary pressures.
Most cryptocurrencies come with a limited supply, which means that at some stage, their value will likely go northward with increased demand and limited supply.
Big Eyes Coin has a total supply of 200 billion tokens, Bitcoin has 21 million coins, Litecoin (LTC) has 84 million coins, Binance (BNC) has a maximum supply of 170 million coins, Cardano (ADA) has 45 billion coins, Polkadot (DOT) has 1 billion coins, and Chainlink (LINK) has a maximum coin supply of 1 billion. It only means that as more people adopt a certain cryptocurrency, the value of each coin is likely to increase.
As against traditional financial markets, the crypto industry is highly liquid. It means they can be easily purchased and sold on cryptocurrency exchanges. This flexibility makes cryptocurrencies more user-friendly than traditional assets like stocks and bonds.
It is possible to buy and sell Ethereum or any other cryptocurrency 24/7 on cryptocurrency exchanges from anywhere in the world.
Cryptocurrencies offer the potential for higher returns, with some cryptos experiencing massive gains over short periods.
Dogecoin was created as a joke in 2013 but saw its value skyrocket by a whopping 6,000% in a matter of a few months in 2021.
Cryptocurrencies are evolving fast with time, and innovation is an integral part of their evolution process. The latest cryptocurrencies and blockchains, including Big Eyes Coin, Dogecoin, Shiba Inu, and Stellar, are a lot more technologically-advanced than their ancestors.
Ethereum's smart contract technology can potentially revolutionize industries like finance, real estate, supply chain management, and healthcare.
Amid a global financial downturn, every individual is striving hard to make ends meet. Having a side hustle or passive income is one way of achieving this goal. Cryptocurrencies can come in handy in the creation of passive income opportunities.
Traders and investors can use staking or lending to create extra money. By staking their cryptocurrencies, investors can earn rewards for supporting the network and verifying transactions.
The rising popularity of cryptocurrencies has forced institutional investors like hedge funds, banks, and corporations to take a keen interest in digital assets. This increased demand from institutional investors will likely bolster crypto prices over the long term.
Investment firm Grayscale Investments purchased over $1 billion worth of Bitcoin in just one week back in 2021.
Many experts have predicted a vast future potential for cryptocurrencies. Many look at cryptocurrencies as an alternative financial system that the world direly needs.
Some experts believe that cryptocurrencies could eventually replace traditional currencies, while others see them as a way to create a more equitable and decentralized financial system that can be run alongside conventional financial systems.
The above-mentioned reasons are just 15 of many compelling reasons to become a cryptocurrency investor in 2023 and going forward. Their high growth potential, decentralized nature, low transaction charges, fast transaction speeds, and potential for passive income are just a few benefits of cryptocurrencies for a rookie as well as an experienced trader.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.