JAKARTA - In the midst of a downward trend in the global crypto market in the past week, crypto investors have been asked to be wiser in making decisions.
The crypto market is known for its high volatility, with frequent price uncertainty.
When the market experiences overall price corrections, many investors are looking for safer and calmer alternatives. One of the interesting options is to use stablecoins as investment instruments.
Tokocrypto External Trader, Fyqieh Fachrur, said stablecoins are a type of crypto asset whose value is tied or related to traditional assets such as fiat currency or commodities.
"The Glassnode report also highlights significant developments in stablecoin space. USDT (Tether) supply has reached an all-time high, indicating a surge in demand for this popular stablecoin. On the other hand, USDC (USD Coin) and BUSD (Binance USD) supply has fallen to its lowest position in years," explained Fyqieh.
According to Fyqieh, one of the main advantages of stablecoins when the market is undergoing a correction is its value stability. By using stablecoins, you can maintain your investment value in the market volatility period.
In addition, investing in cryptocurrencies with stablecoins can help reduce the risk of high volatility as the market declines in prices.
"By turning to stablecoins, you can protect your investment value and avoid huge losses that may occur," he explained.
Not to forget, when the crypto market underwent a correction, Fyqieh said that it was very important to adopt a diversification strategy.
You can use stablecoins as one of the components in the investment portfolio.
Another advantage of using stablecoins when the market is correcting is to provide peace of mind.
Uncertain markets often affect investors' emotions, which can lead to impulsive or emotional investment decisions.
However, Fyqieh also emphasized that it is important to remember that crypto investment still has risks, and stability of stablecoin value does not always guarantee total profit or protection against losses.
"Always do careful research before making investment decisions, and consult with financial professionals if needed," he concluded.
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