The bear market is the most misunderstood part of the market cycle. Investors run in fear and panic when they see the value of their portfolios plummet. The bear market undoubtedly teaches harsh lessons; do not over-extend in the markets; don’t play with leverage; always keep a cash position. However, if investors learn these lessons, it will drastically improve their investment career. Given time, investors begin to see the bear market for what it is, the perfect time to accumulate. This article features three crypto projects every investor should buy during the bear market.
Gnox is the first protocol to offer yield farming as a service and is slated to launch in Q3 on the BSC (Binance Smart Chain). Gnox is continuing its development and meeting its roadmap targets despite the bear market. Whereas most protocols avoid launching during the bear market, preferring favourable market conditions, Gnox continues to plough on, hinting that this team knows it is bringing genuine value to the sphere.
The developers at Gnox have designed a low-touch investment vehicle that gives investors exposure to DeFi (decentralised finance) earnings and provides a monthly stablecoin reflection. On top of this, GNOX holders also receive an automatic hourly redistribution of GNOX tokens. With buy and sell taxes implemented on every trade, this is a token designed explicitly with long-term holders in mind. Gnox features a treasury protocol that grows over time, leading to greater stablecoin reflections and when the market digests this information, expect GNOX to soar.
Litecoin, launched in 2011, is one of the oldest cryptocurrencies and is also unique in that it is one of the only complimentary cryptocurrencies in the sphere. Litecoin is often referred to as the ‘silver to bitcoin’s gold’, and has allowed Bitcoin to develop by becoming a testing ground for new features such as the Lightning Network. Litecoin approves transactions faster than Bitcoin, making it more appealing for commercial transactions. But this crypto will continue in its role supporting Bitcoin and helping the ecosystem develop/ Its long track record makes it an excellent choice for investors.
LTC trades at $52, has survived three complete market cycles, and put in three consecutive ATHs (All-Time Highs). An achievement very few crypto projects have achieved.
Bitcoin Cash (BCH)
Bitcoin Cash is a fork of the original Bitcoin network created in 2017 centrally due to disagreements about Bitcoin’s scalability, or lack thereof. Bitcoin Cash increased the block size, meaning it can process more transactions in each block, leading to faster settlement times and lower fees. It is essentially designed as an improved and specialised electronic peer-to-peer payment system. It will likely see price appreciation as blockchain becomes more prolific in the mainstream and the desire for enhanced payments increases.
All of the projects above deliver clear value to the crypto ecosystem. Gnox is making DeFi accessible, Litecoin offers a testing ground for Bitcoin developments, and Bitcoin Cash is an improved electronic payment system. During the bear market, investors searching for projects that provide value will not only save their portfolios but secure serious gains when the inevitable market reversal arrives.
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