The cryptocurrency market is in a volatile state caused by the uncertain token prices and wild price swings that have occurred in recent months. These uncertainties are caused by downward price sentiment, 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 experience similar situations. This is due to 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 trading below their value. This would put them on a path to profit from upward price movements in the crypto market.
Fantom (FTM), Near Protocol (NEAR), and Big Eyes (BIG EYES) are three crypto tokens that investors should keep an eye out for in this bear market. Before buying tokens, investors should do enough research to ensure they are not buying duds. These three projects tick all the right boxes and investors should take a closer look at them. Here is a summary of the projects and their use cases.
Fantom (FTM) is a DAG (Directed Acyclic Graph) smart contract platform that uses its unique consensus algorithm to provide a suitable foundation 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. It also supports creating dApps for various purposes. The layer one blockchain was created in 2018, but the Mainnet was launched in 2019. The consensus algorithm is known as Lachesis and is built to compete with the Ethereum blockchain.
The Fantom blockchain uses its speed and unique consensus algorithm to outperform other layer one blockchains, which are slower and have lower throughput. In addition, Fantom offers cheaper alternatives to existing blockchains, making 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-tier blockchains, Near uses human-readable account names for its addresses. It also uses a unique consensus mechanism known as “doomslug” to resolve 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 initial code of the Near Protocol is updated by the community through updates posted in the ecosystem. The protocol will change the way computing is done on the blockchain by introducing new adigms into the space.
Big eyes (BIG EYES)
Big Eyes (BIG EYES) is a community token that aims to channel liquidity to the DEFI and NFT ecosystems. This would add more value to both ecosystems by directing more liquidity to these crypto sectors and improving access. Big Eyes is an entirely community project and is believed to be wholly owned by the community. 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 the current presale. Remember that you can earn different bonuses and stack bonuses. Buy tokens today and become a pioneer.