With more than 100 million investors worldwide, cryptocurrencies issued in a decentralized manner by miners and regulated only by supply and demand, exert a great power of seduction.
In countries with high inflation and a currency of low international value, crypto constitute a good haven of value. But they have also been successful in more stable economies since they can be used there to make purchases and other operations.
On a global level, Bitcoin is the crypto used by half of investors. For those looking to get started or save on fees, using a bitcoin promo code can be an excellent way to unlock benefits when signing up on exchanges or trading platforms. Completing the podium are Ethereum (ETH) and Tether (USDT), the latter being a crypto whose value is linked to the dollar.
In the Argentinathese positions have some variants, since many holders of these assets prefer those that are tied to the dollar.
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The most popular currency in the country according to the exchange report Crypto Market it is a stable coin, USDT or Theter. His value is tied to the dollar and, for this reason, it is the favorite of almost half of investors, who seek to get away from the fluctuations, often sudden, of other cryptocurrencies.
The report says that “stable coins have increased their market capitalization and have become a reliable option because they maintain their prices with slight daily variations, as occurs with the dollar or euro”.
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He Bitcoin, the most popular crypto in the world, in Argentina, occupies second place, with a quarter of purchases. A pioneer in this market, Bitcoin broke its price records in March 2024 by exceeding US$70,000.
The report says that “Bitcoin (BTC) is a decentralized currency that can be used as a means of payment or investment instrument. One of its great advantages is its limited supply (21 million), which allows it to become an interesting store of value”.
Third place, with 14% of preferences, is occupied by Ethereum (ETH), the second largest in the world after Bitcoin. The Crypto Market report assures that “there are great expectations surrounding this crypto due to the importance that blockchain technology and smart contracts are expected to acquire in the coming years.”
Fourth place goes to another stable coin, USDC, backed by fiat money, that is, by reserve assets in the traditional market. Like USDT It has been designed to be pegged to the dollar. Available in ten blockchains, due to its characteristics, it seduces traditional investors who do not want to take greater risks with the volatility that defines crypto.
The report also highlights Solarium (SOL) because it appears in the Argentine top ten. “It is focused on offering a high-speed network with low cost per operation and good security measures,” says Crypto Market. This has also made SOL to USD conversions particularly attractive to investors.
Another crypto that has been growing in Argentina is Shiba Inu, created from a meme and which has the support of personalities from the crypto world such as Vitalik Buterin, the creator of Ethereum. Enabled within that blockchain, it has the same security attributes.
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