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Cryptos like Bitcoin (BTC), Big Eyes Coin (BIG) and Cardano (ADA) have made huge strides in the past few weeks, while banks have had some of their worst years yet.
The Guardian UK has reported that 'a banking crisis was long overdue', and the collapse of Silicon Valley Bank (SVB) was just the beginning.
The collapse of major financial institutions like SVB has left many people wondering whether it's time to invest in new currency assets
This could be true. As people are losing their confidence in banks we've all seen many headlines with the same story: people are withdrawing their savings from banks.
The more people withdraw their funds, the more likely banks are to run out of cash reserves. This could lead to banks having to end up defaulting, and people having to wait to withdraw their funds.
Cryptocurrencies have seen significant increases in value this week. For example, Bitcoin has reached its nine-month high (currently valued at £23,101.74 or $28,167.70) at the same time as banking fears continue to cause worldwide concern.
The recent banking conundrum has led to some investors choosing to invest in digital currencies and assets.
Meme coins such as Big Eyes Coin are becoming increasingly popular as users look for new ways to invest their money into potentially sustainable streams of income.
Big Eyes Coin have already reached $31.99 million in presales and they are now offering a MASSIVE of 250% on $BIG Tokens. Use the code BULLRUN250 with your $BIG Token purchases.
Cardano are also committed to giving its users a worthwhile investment.
This open-source project says they plan to 'redistribute power from unaccountable structures to the margins to individuals' as they aim to make a fairer, more secure and transparent society. The Cardano Foundation aims to support the community through education and engagement with policymakers worldwide, from Brussels to Singapore.
On top of that, Cardano is also an advocate for 'nuanced and innovation-friendly' approaches to blockchain regulation. This is hugely important because governments are planning for stricter regulations on cryptos – so hats off to Cardano for thinking of the future – and planning ahead.
Cryptocurrencies could help to salvage the financial crisis that is happening right now. If the recession of 2007 has taught us anything, it's that it pays to be ahead of the curve when things start to go South.
Alternative currencies give users the opportunity. Cryptocurrencies allow people to have more power and say over what happens with their money.
For example, decentralised finance (De-Fi) directly puts users at the forefront of asset ownership and decision-making processes.
Just like we've seen with the banking system, the crypto market also has its strengths and weaknesses. Cryptos could be an alternative financial solution users are looking for. Having said that, the crypto market is high volatile and new users will need to do thorough research before they choose to invest.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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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.
