The activities or occurrences in the cryptocurrency market are grouped into two major categories; a bull and a bear market. The bull market is characterized by a period where the value of many crypto tokens will increase exponentially. There may even be some high-potential tokens that will increase in value up to 10 times. On the other hand, a bear market is a period where the value of crypto tokens will crash or plummet. During this period, traders and investors lose a lot of money. It’s usually a discouraging period and many people get out of active trading to minimize losses.
Many crypto investment experts strongly believe the bear market is the best period to invest. According to them, the bear market offers investors the chance to buy digital assets at ridiculously low prices that may increase in value later on. The key thing to do is to invest in crypto tokens with proven utility and lots of hype around them. Binance Coin (BNB), Decentraland (MANA), and Logarithmic Finance (LOG) are great tokens to invest in a crypto bear market. Here’s why!
Binance Coin (BNB) Offers Services Beyond the Crypto Space
Binance Coin is the official coin of the Binance exchange platform. Today, Binance is one of the largest cryptocurrency exchanges in the world. This exchange is traded with the BNB symbol and is available on several exchanges worldwide. The Binance coin was developed as a utility token from the platform. When it was launched, this token was initially used as a means of payment for trading fees. Recently, this token has expanded to other applications, including travel bookings, online services, entertainment, and financial services.
When it was released, this cryptocurrency was initially based on the Ethereum network but today it’s found on the Binance blockchain. BNB has grown to be one of the largest altcoins in the crypto market and has a market cap of around $50 billion. Every quarter, Binance uses a portion of its profits (about a fifth of the profits) to burn BNB tokens held in a treasury.
Binance.us the sister exchange of Binance offers a growing list on crypto tokens for purchse or trading.
Decentraland (MANA) Builds a Realistic Metaverse
The release of the metaverse exposed the world to a new range of possibilities, and the crypto market wasn’t left out. Decentraland is software that is powered by the Ethereum protocol that allows users to enjoy access to a virtual world. In this world, Decentraland users will get to buy and sell digital real estate. They will also have access to interact with each other and play games in this virtual world. Recently, it supports P2P communication, interactive apps, and virtual world payments. With the capabilities of the metaverse, there are endless possibilities of what can be done on Decentraland.
MANA is a native token that allows users to purchase virtual land on this platform. It also offers access to other goods and services on the Decentraland ecosystem. Changes to the Decentraland world are possible through blockchain-based smart contracts. As a result, users can vote on policy changes, action land, and subsidize prices of new developments.
Logarithmic Finance (LOG) Offers Presale Opportunities
Logarithmic Finance (LOG) is a new token on the crypto market, yet it boasts so much potential. While it was initially designed to bridge the gap between cryptocurrency innovators and connectors, it has gone even a step further. Today, Logarithmic Finance is on the path to becoming a one-of-a-kind decentralized platform. It will promote faster transactions at a cheaper rate.
Logarithmic Finance (LOG) can offer crypto users numerous benefits because it adopts a multi-chain system. Through this system, users can choose to run their projects on any blockchain of their choice. The LOG network can work with the following blockchains; Binance Smart Chain, Polygon, Tezos, Avalanche, Solana, and Ethereum.
Surely, one is bound to feel intrigued by the new range of benefits that Logarithmic Finance offers. It is highly advised to be backed by research and portfolio analysis before making serious investments.
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