By EWN • Published: 04 Dec 2022 • 13:40
Cryptocurrencies have been in the spotlight for more than a decade, with both the mainstream press and traders reporting on their meteoric ascent. There are a variety of cryptocurrencies, but the majority are classified as either Decentralised or Centralised. Decentralised cryptocurrencies are controlled by users; the money exists solely online and does not rely on a third party (such as a bank) to confirm user transactions.
Centralised cryptocurrencies have their own set of laws that are typically enforced by a central authority including a bank or government agency. Decentralised cryptocurrencies such as Dogecoin (DOGE), Big Eyes Coin (BIG), and Aave (AAVE) are generating quite a stir in the cryptocurrency industry, and the good news is that they are well worth it!
Dogecoin (DOGE), the most renowned meme coin on the market, was launched in 2013. Dogecoin is currently a market leader and has a significant impact over other cryptocurrencies, paving the door for meme coins. One of the 10 leading cryptocurrencies at the time of this writing, DOGE is currently placed 9th by market capitalization. This demonstrates Dogecoin’s power and influence, as well as how it has managed to stay a top performer despite the market’s downturn this year.
As a completely speculative asset, the main driving force behind Dogecoin (DOGE) is its devoted community. Many people expect Dogecoin to rise in value in the near future as a result of its relationship with Elon Musk, and some speculate that if enough adjustments are made, Dogecoin may become Twitter’s digital currency. As the crypto market recovers, it appears that DOGE will continue to rise as the market evolves. Dogecoin, which was the first meme coin, is frequently compared to Bitcoin and is likely to remain the largest meme coin.
Aave (AAVE) is an Ethereum-based DeFi money market mechanism. Users can borrow assets at fixed or variable interest rates, as well as lend assets to earn money. It is a non-custodial open-source protocol that is mostly used for obtaining and lending digital assets. As an Aave lender, you can earn interest on your liquidity or deposits, while borrowers can use their cryptocurrencies as collateral when borrowing other coins accepted by the network. Uncollateralised financing (Flash Loans) and “rate flipping,” which allows consumers to choose between fixed and adjustable interest rates to get the best rate when borrowing, are two significant aspects of Aave.
Users can borrow assets at fixed or variable interest rates, as well as lend assets to earn money. Aave has been particularly volatile this year. Aave was selling for nearly $267 in the first week of the year. In January, it plummeted to $146, and by March 15, it had dropped to $118. However, Aave regained more than 100%, climbing to nearly $245 by April before resuming its downward trend. During the May crypto market crisis, Aave plummeted to $77 and then below $50 in June. The current cost of AAVE is $59, a 91% decrease from the all-time high of $666.86.
Big Eyes Coin (BIG) is an eye-catching cryptocurrency cathouse on its way to becoming massively successful. The remarkable movement of the cat-friendly community-centered meme coin has already raised more than $10 million! Due to their presale strategies, they have earned a reliable and outstanding reputation in the cryptocurrency world. They seek to build a self-replicating blockchain environment that enables better access to material and current events, attracting finance and making the blockchain hype worthwhile. They are making significant steps towards humanitarian causes and NFTs, in addition to being a community-driven platform that allows its members to interact and connect on common interests and ideas.
Cryptography and cats are their preferred modes of transportation! No matter what common interests or fads you share with your fellow cathouse members, Big Eyes Coin (BIG) make it simple to connect and interact on new levels. Keep an eye on this cat-loving coin for updates and development as Big Eyes Coin (BIG) delivers a brand-new and fascinating way to connect using cryptocurrency! They’re even participating in this year’s Black Friday discounts; simply click this link and Big Eyes Coin will give you 50% more bonus coins with your order!
For More Information On Big Eyes Coin (BIG) :
Join Pre-sale: https://buy.bigeyes.space/
Website: https://bigeyes.space/#signup
Telegram: https://t.me/BIGEYESOFFICIAL
YouTube: https://www.youtube.com/watch?v=lZTnMG62VEs
Sponsored
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.