Since I use Binance Exchanger, so I use Busd stable coins. Moreover, in comparison, there are many advantages of using Busd as compared to DAI. BUSD has a high volume and cheap transaction fees. DAI transactions fee, on the other hand, are relatively high. However, both stable currencies have their own characteristics and advantages to their users.
There are a number of reasons why the value of a token can go down. Since it is an exchanger-dependent token, its future depends a lot on the success and failure of the exchanger. A potential project is able to reach its goal by overcoming various obstacles if there is teamwork behind it. Since the token is based on an Indian exchanger, it can be said that since cryptocurrency is not very popular and legal in India at present, its acceptance and value may increase over time.
A new coin is always risky and the amount of risk involved in investing in it is much higher. Looking at the current context, it can be seen that most of the new projects are based on fictitious and false information and they only sell their cryptocurrency with enticing offers to the people. Most of the new projects have no future plans and after they collect funds from ICO or NFT of their project and listed their coin in a substandard exchanger and leave the market. So in my opinion, if you want to invest in a new project then gather more information about that project and consider all the information judging and invest in it if it seems realistic and future potential project.
The conventional monetary system has a variety of barriers to financing. In a war-torn country, financing and its use have to face various restrictions and restrictions on the conventional currency. Although the current announcement by the Ukrainian government is only a step towards the use of cryptocurrency, Ukraine will be able to make the necessary decisions using it at a later time. Using this, if Ukraine raises money for their war and for post-war infrastructural development, then cryptocurrency will provide an added benefit. But we hope that this war will end soon and that the people of Ukraine will be able to use and invest in cryptocurrencies for their prosperity.
At present, there are various political decisions, including war, behind the rise in oil prices. Oil prices continue to rise due to sanctions on Russia's oil exports and various decisions by the world's largest oil producers. It is only natural that Venezuela, along with Iran, would not suddenly increase oil production in the words of other allies, including the United States, due to years of sanctions on several oil-producing countries. In order to meet their objectives, a number of countries have set conditions for increasing oil production that cannot be fully met. Current economic oil is an important regulator and it is impossible to imagine modern civilization without it. Therefore, every country is emphasizing on stockpiling of fuel instead of price to keep its energy demand and supply right so that the price of fuel continues to rise.
Although the value of other cryptocurrencies, including Bitcoin, has fallen sharply and for the time being it seems that this is the right time to invest, it has become an important consideration considering the global situation. Investment has declined in many lands due to war, the rising cost of living, unemployment, global oil and gas embargoes, and crises that have made it difficult to meet basic human needs. The current market situation can be both-faced and one has to be very careful in making a decision in this regard. Various sanctions and inflation have made it possible for people to be interested in investing in cryptocurrencies, on the one hand, and on the other hand, due to the global war situation, the value of cryptocurrency may fall further due to the economic crisis. So making the decision through subsequent market analysis seems to be the right decision.