Is de-dollarization happening now? A few days ago we addressed this question. Now there’s breaking news from Bank of America on this subject that we don’t want to withhold from you.
The dwindling importance of the US dollar is repeatedly emphasized by the BRICS countries. Their recent efforts at de-dollarization could sweep the masses, after all, updates about the US dollar as the reserve currency are flooding the news channels almost every day. The country collective BRICS consisting of Brazil, Russia, India, China and South Africa insists on the development of a new global reserve currency.
Could there actually be a change in the world’s leading currency? Will Bitcoin then be ready to take the lead among global currencies? One thing is certain, efforts to de-dollarize are increasing worldwide. The New Development Bank of the BRICS countries not only puts the key currency Bitcoin in the spotlight, but also triggers movements in the entire crypto market.
JUST IN:
Bank of America says US dollar global dominance is not under threat and BRICS, Yuan & crypto are not alternatives.
— Watcher.Guru (@WatcherGuru) May 4, 2023
The sanctions against Russia after the invasion of Ukraine present the world with a choice. Many nations have had to circumvent the sanctions if they want to continue doing business with Russia. This led to a new opportunity for the rise of the BRICS collective and their wave of de-dollarization.
But the Bank of America is counteracting the impending catastrophe. That would be the case if the dollar’s power continued to wane.
But the declining power of the key currency is a difficult task for the BRICS countries from the perspective of the Bank of America. The experts say the US dollar’s global dominance is in no way threatened as “no other currency alternatives” are available.
They are convinced that the USD will not lose its enormous privilege as not a single alternative has emerged, according to a BofA note authored by Athanasios Vamvakidis, a FX strategist.
These coins benefit from the strong USD
As always when the financial markets are going badly for some, there are winners on the other side as well. This time, the crypto market in particular is benefiting from the current statements by Bank of America. The strong US dollar and the notes of the experts on it strengthen the backs of tokens that rely on the US dollar in the form of stablecoins. These crypto pre-sales are increasing their value enormously and investors are benefiting from the pre-sale.
Into Web 3.0 with yPredict
The intelligence platform yPredict is in a hot pre-sale phase. The start-up has already raised over USD 1.6 million. And the money does not come from large investment funds or investment advisors, but from small investors and private investors. The utility token YPRED is pegged 1:1 to the US dollar via the stablecoin Tether.
More than 20,000 investors who are on the waiting list have already recognized that this brings advantages. They have already bought their tokens and are waiting for the pre-sale to end to claim your tokens. The yPredict platform was developed by leading AI experts and offers great benefits for investors who want to go to Web 3.0.
There are numerous ways to do this on yPredict, from NFT to Gaming Hub, DeFi or Predictive Analytics. The functions in the trading appointment are particularly useful for beginners and advanced traders alike. This allows you to create numerous analyzes and test your own trading strategy for its efficiency.
AiDoge platform is Meme Generator
Meme-to-earn is nothing less than a groundbreaking use case as the platform demonstrates how to protect digital property rights. With AiDoge, investors also get a utility token that is pegged to the US dollar. It provides access to the meme generator, which has already raised more than $6.95 million during pre-sales.
The success of the crypto pre-sales is mainly due to the possibilities for users to generate an additional source of income with the memes they have created themselves. Whether as a hobby or a serious influencer: the users of the platform are enthusiastic about the functions. The viral crypto project is a kind of interface between the world of memes and the world of artificial intelligence.
The context-related generation of the memes is based on the AI models. You are always connected to the latest news from the crypto sector and are constantly learning. Thus, users get current and relevant memes that can be used on social media or other communication channels. Whether for fun or to seriously build a second mainstay as an influencer or content creator.
Conclusion: With meme coins like $SPONGE posting exceptional gains over the past few days, it seems clear that investors are looking for new investments that could deliver exponential gains. The sudden spike in AiDoge investors this week suggests that the market is already set for a new, big meme coin.
Maybe based on a meme you made yourself on AiDoge. For fans who do not want to bet on meme coins, yPredict is a trading terminal to choose from. Here, too, advance sales have been more than successful and investors are actively investing in the project.
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About the author: Stefanie Herrnberger works as a freelance speaker and editor. Her many years of professional experience in the areas of blockchain, cryptocurrencies and NFTs offer her the perfect background to report on current news and developments in decentralized and centralized financial markets. Stefanie has been investing in cryptocurrencies for several years. She understands the challenges and opportunities for crypto traders. Publications: https://de.cryptonews.com/editors/stefanie-herrnberger https://blockchain-technologie.digital/ https://www.facebook.com/groups/cryptonewsde/
