The bear market is difficult for buyers as they struggle to determine the next steps to take. Conservative buyers will look to protect their portfolios, while the more risk averse will look for opportunities in the bear market. Whatever your type, the strategies you adopt should never put your capital at risk. It is also essential that you make sure to do your due diligence before making any moves during the bear market. Also, you should not opt for crypto projects that do not directly fit your investment strategy. Project research is an important skill to have during these times, as it will allow you to discern the best buys.
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. These are strategic buys that could give investors a decent edge against upcoming liquidations. To learn more about these three projects, click below.
Bitcoin (BTC) was launched in 2009, right after the 2008 financial crisis. It is the first cryptocurrency and remains the market leader as it has the largest market capitalization. Bitcoin was created by an individual or a group using the pseudonym: Satoshi Nakamoto. The Bitcoin whitepaper detailed how Bitcoin and blockchain will facilitate internet transactions and create censorship-resistant money. This digital currency would be used for internet transactions. Similarly, Bitcoin would be a peer-to-peer network facilitated by validator-run nodes.
BTC is the utility token of the network, and it will be used for transactions or as a store of value. Bitcoin blockchain nodes 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 crypto wallet addresses secured by seed phrases.
Ethereum is a layer 1 blockchain launched in 2015 and is credited as the second crypto project to be launched. The blockchain was designed by Vitalik Buterin in 2013, but 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. Furthermore, 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 transactional transactions. The Ethereum blockchain has the most decentralized applications built on it, with the most active crypto projects built on 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 in the DeFi space and lower the barrier to entry for users in the space. Importantly, users can access various DeFi protocols using the Big Eyes platform. As part of its commitment to growing the crypto community, the project donated $1,000 to the Luna children. To further fund its charitable campaigns, it will commit 5% of its total token supply to a charity wallet. Big Eyes Coin will change the way users interact with DeFi while touching the lives of many.
The Big Eyes token is an important part of the ecosystem and will ensure that 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 it. Join the presale now!
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Bitcoin, Ethereum, and Big Eyes Coin: Three Indispensable Bear Market Crypto Tokens
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