The uncertainties of a bear market in the crypto space often dissuade innovators from launching their projects. Yet, many projects bravely explore and utilize this phase to establish robust fundamentals, build momentum, and prepare to the best of their abilities for the next growth phase following the bear run.
In the following segments, we will look at some of the successful token launches in the bear market over the past year and how that trend continues to inspire new tokens on the block.
Seedify, one of the crypto industry’s most notable launchpads and incubators, launched its $SNFTS token on 31st August 2022. It was the time when the crypto industry was going through an all-pervading bear phase. However, the bear run could not stop the token from achieving its potential.
According to publicly available numbers, its price was hovering above 30X from its initial level within ten days of its launch. Over US$6.5 million was locked in liquidity on the $FUND/$SNFTS pair on PancakeSwap, while more than 100 holders had chosen to farm or stake their $SNFTS.
Another token that witnessed significant success on its launch during the previous bear market was Tamadoge, a deflationary meme-coin.
Launched at the end of September 2022, the token surged by a margin as high as 1800% in a month after the launch. For early presale investors, it reached an all-time high of US$0.18.
Inspired by its success after the launch, Tamadoge decided to launch an AR application, its metaverse, and an entire P2E arcade.
IMPT tokens, the native coin of the Impact Project, was another successful launch in the 2022 bear market. The project was hailed by many as it utilized the relative lull to build a solid and unique proposition for its users, combining eco initiatives with shopping on the robust base of decentralization.
IMPT devised a platform to onboard eco-friendly projects active across the globe for users to invest in them. Investors could buy carbon credits minted as NFTs to either hold them as a future investment or burn them to reduce their carbon footprint.
This novelty helped it to lock in US$4 million during its early presale days despite the bear phase.
With the momentum set by Seedify, Tamadoge, and IMPT, the trend of successful token launches during the bear phase continues with new exciting projects carrying the baton forward.
Arcana Network, a project determined to solve usability challenges in the Web3 space, has decided to launch the Reg-D token on the Republic Platform in November 2023, with 4000+ investors already signed up to the pre-sale allowlist
The launch of the token is preceded by Arcana Project’s history of successfully resolving a variety of UX challenges in the Web3 space through its UX-focused proof-of-stake app-chain for developers. Its products include Web3 authentication, crypto payments, gasless transactions, NFT Checkout, Arcana Credit, and more.
Addressing these issues efficiently helped the network to raise US$4 million+ from some of the most well-known investors in the space, including the founders of Polygon, Woodstock, Republic Crypto, Digital Currency Group, and more.
The funds raised from the token launch will fuel the next growth phase for the network, where it will augment its Web3 Authentication Product Arcana Auth, which has already generated 1M+ wallets through its 80+ customers since launch in Feb 2023.
With its sights set on this strategic direction, Arcana has decided to launch its Reg-D token on the Republic Platform, a network of international retail investment platforms with 3+ million community members across 150+ countries, poised to deploy $2.6+ billion into thousands of private ventures.
The rising anticipation levels throughout the crypto community for Arcana’s token launch and other projects in the space is an example of how well-thought-out projects with verified traction and product-market fit can overcome a bear market sentiment.
Please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. CryptoMode is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.