The bear market is challenging for buyers as they have difficulty figuring out the next steps to take. Conservative buyers will seek to protect their portfolios, while the more risk-averse will hunt for opportunities that the bear market provides. Regardless of your type, the strategies you adopt must never put your capital at risk. It is also essential that you ensure to do all due diligence before making any moves during the bear market. Furthermore, you should not go for crypto projects that do not directly fit your investment strategy. Researching projects is an important skill to have during these times because it will ensure you can discern the best purchases.
Bitcoin (BTC), Ethereum (ETH), and Big Eyes Coin (BIG) are three must-have tokens for the bear market. These tokens will give users the edge they need to survive and outperform the bear market. They are strategic purchases that could give investors a decent edge against liquidations down the line. Find out more about these three projects below.
Bitcoin (BTC)
Bitcoin (BTC) was launched in 2009, just after the financial crisis of 2008. It is the first cryptocurrency and remains the market leader as it has the largest market cap. Bitcoin was created by an individual or group using the pseudonym: Satoshi Nakamoto. The Bitcoin Whitepaper detailed how Bitcoin and the blockchain will facilitate transactions over the internet and create censorship-resistant money. This digital money would be used for transactions on the internet. Similarly, Bitcoin would be a peer-to-peer network facilitated by nodes run by validators.
BTC is the utility token of the network, and it will be used for transactions or as a store of value. Nodes on the Bitcoin blockchain will use a Proof-of-Work system where the fastest computer to solve the equation validates the transaction and receives the rewards. Additionally, users will send and receive their tokens using cryptographic wallet addresses secured by seed phrases.
Ethereum (ETH)
Ethereum is a layer 1 blockchain launched in 2015 and is credited as the second crypto project to be launched. The blockchain was conceived by Vitalik Buterin in 2013 but was launched after raising $18 million through an ICO in 2014. The Ethereum blockchain was designed to run smart contracts programmed with Solidity. The blockchain also has the EVM (Ethereum Virtual Machine), which allows developers to build various blockchain projects. Also, Ethereum aims to become a universal platform for decentralized applications, allowing builders to build and create any crypto project with minimal friction.
ETH is the native currency of the Ethereum blockchain. It facilitates transactions on the blockchain and is also used to pay gas fees for transactions transaction. The Ethereum blockchain has the most decentralized applications built on it, with the most active crypto projects built atop the blockchain. Ethereum can host other crypto projects using its various token standards: ERC-20, ERC-721, ERC-223, and ERC-777.
Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is a DeFi token for the everyday user. The project will give users more utility within the DeFi space and reduce the barrier to entry for users in the space. It is important to note that users can access various DeFi protocols using the Big Eyes platform. As part of its commitment to developing the crypto community, the project has donated $1000 to Luna children. To further finance its charity drives, it will commit 5% of its total token supply to a charity wallet. Big Eyes Coin will change how users interact with DeFi while touching the lives of many.
The Big Eyes token is an important part of the ecosystem and will ensure users are able to perform various tasks within the platform. You can get BIG tokens in the ongoing presale and also receive bonuses while doing so. Join the presale now!
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
