For some time, the cryptocurrency industry has been in a bear market. If you are unfamiliar with the term, bear markets are an extended period wherein extreme market volatility and negative prices are actively present in an industry. For the cryptocurrency industry, this means a period when there is an increased level of risk attached to crypto-related activities, such as trading and investing.
As the market is at an all-time volatile rate, it is easy to incur losses in a bear market. This is why the best course of action in a bear market is prioritizing long-term cryptocurrency investments over short-term ones.
Long-term cryptocurrency investing is a tested and trusted strategy that has worked well in previous markets. It mitigates the risk of running at a loss and promises massive profits in the long run, making it an ideal fix in the current climate. This piece explores three altcoins that could make fantastic investment options in the current climate. Here’s why you should purchase XRP (XRP), Algorand (ALGO) and Big Eyes Coin (BIG).
XRP – The Blockchain-Based platform
XRP (XRP) is a blockchain-based platform within the cryptocurrency industry that seeks to provide feasible solutions that will help foster growth and development within the banking and finance sector. It is a platform that is helping banks and other financial institutions move money faster, more efficiently and without exorbitant fees. Additionally, it does not rely on energy-intensive mining to work or create a new currency. Instead, XRP (XRP) makes its cryptocurrency, XRP, at once and sells gradually.
Its native cryptocurrency, XRP, is an integral part of its ecosystem and is responsible for facilitating several crypto-related operations on XRP, such as network governance, payment fees and all forms of interaction. XRP is a highly sought-after cryptocurrency with stock on prominent crypto platforms within the industry, such as Binance, Coinbase and FTX.
Algorand – Creating and Deploying Powerful Decentralized Applications
Algorand (ALGO) is a notable blockchain-based platform within the cryptocurrency industry that enables the creation and deployment of powerful decentralized applications (dApps). It is a platform most notable for providing feasible solutions to the cryptocurrency industry’s trilemma through infrastructures and tools which developers utilize to create dApps.
Its native cryptocurrency, ALGO, plays an integral role in its ecosystem and is responsible for facilitating all crypto-related operations, such as network governance, payment fees and user interaction. ALGO is an industry-leading altcoin with stock on several prominent crypto platforms within the industry, such as Binance and Coinbase.
Big Eyes Coin Looks To Compete With The Top Meme Coins
Big Eyes Coin (BIG) is an upcoming meme coin that is native to the Big Eyes Coin crypto project, which seeks to champion the adoption of blockchain technology within global communities.
The token incentivizes the Big Eyes crypto project and is an integral part of its ecosystem, facilitating all kinds of crypto-related operations on the platform. Big Eyes Coin (BIG) is one of the most anticipated cryptocurrencies this year and is likely to become a valuable asset in the current climate.
Big Eyes Coin (BIG) is currently on presale and has raised over 7.3 million dollars. The token could smash the 50 million dollars limit set by its team. Big Eyes Coin is offering bonuses for those purchasing in the presale. When you enter the code ‘CUTE8960’ you will be entitled to bonus tokens with your purchase!
For more information on Big Eyes Coin (BIG), please visit the following links:
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