Fantom, Near Protocol, and This Surprise Crypto to Watch This Bear Market

The cryptocurrency market is in a volatile state caused by the uncertain token prices and wild price swings that have occurred over the past few months. These uncertainties are caused by downward price sentiments, also known as a bear market. The 202 2 bear market is not unique to crypto as other financial markets such as bonds, forex, and the stock market are witnessing similar situations. This is the result of the macroeconomic environment, which made the situation quite precarious. The bear market offers investors the opportunity to buy strong project tokens at a discount while they trade below their value. This would put them on a path to take advantage of upward price movements in the crypto market.

Fantom (FTM), Near Protocol (NEAR) and big eyes (BIG EYES) are three crypto tokens investors should watch out for in this bear market. Before buying tokens, investors should do adequate research to ensure that they are not buying duds. These three projects tick all the right boxes and investors should take a close look at them. Here is a summary of the projects and their use cases.

Phantom (FTM)

Fantom (FTM) is a DAG (Directed Acyclic Graph) smart contract platform that uses its unique consensus algorithm to provide a suitable ground for DEFI applications. Using its FTM token, Fantom will transform the DEFI space as it offers speed and fast tuning in less than two seconds. Also, it supports creating dApps for various purposes. The layer one blockchain was created in 2018, but the Mainnet was launched in 2019. Its consensus algorithm is known as Lachesis, and it was built to compete with the Ethereum blockchain.

The Fantom blockchain uses its speed and unique consensus algorithm to outpace other layer one blockchains which are slower and have lower throughput. Additionally, Fantom provides cheaper alternatives to existing blockchains, which makes it attractive to builders in the DEFI space. The FTM token is used for a variety of purposes, including staking, settlement, governance, and network fees. Fantom creates a new paradigm with the creation of a fast and cheap block to power the DEFI ecosystem.

Near Protocol (NEAR)

Near Protocol (NEAR) is a layer 1 blockchain that uses a community cloud computing platform. This addition to cloud computing aims to remove limitations that plague Layer 1 blockchains, such as poor approximation, zero interoperability, and slow transaction speeds. Near Protocol is an ideal environment for developers to create dApps (decentralized applications). Unlike crypto wallet addresses used by other first-layer blockchains, Near uses human-readable account names for its addresses. Also, it uses a unique consensus mechanism known as “doomslug” to solve any scaling issues.

The NEAR collective designed the project as a strong and secure network capable of protecting sensitive assets such as identities or money and making them simple enough for mass adoption. The Near Protocol’s initial code is updated by its community through updates posted in the ecosystem. The protocol will change the way computing is done on the blockchain by introducing new adigms to the space.

Big eyes (BIG EYES)

Big Eyes (BIG EYES) is a community token that aims to funnel liquidity into the DEFI and NFT ecosystems. This would add more value to both ecosystems by funneling more liquidity into these crypto sectors and improving access. Big Eyes is an entirely community project and is believed to be entirely community owned. At launch, 90% of the token would be available to users. The project is designed to give users more options and flexibility when accessing DEFI protocols. Finally, it would simplify DEFI and make it more accessible to users in the crypto space.

The Big Eyes project is poised to create a new paradigm in the NFT and DEFI spaces. You can participate in this project by purchasing BIG EYES tokens during the current presale. are available for purchase during its current presale. Remember that you can earn various bonuses and bonuses can stack. Buy tokens today and become a pioneer.

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Fantom, Near Protocol, and This Surprise Crypto to Watch This Bear Market

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