The ongoing bear market, which began in the summer after crypto markets crashed alongside global financial markets, is showing no signs of letting up despite lasting the last four months. Around the cryptocurrency industry, there is a recognition that things may get worse before they get better and that the ongoing bear market could last longer than predicted. Early in the bear market, several crypto platforms saw the potential for an extended crypto winter and made appropriate preparations by slashing their workforce by a considerable amount. Months down the line, that decision is paying dividends as the industry continues to battle a long and exhausting bear market.
Day-to-day activities within the industry now carry an increased degree of risk. The extreme market volatility has not made things easy. However, the show must go on, and most investors are switching to long-term strategies. Low crypto prices mean that crypto is available for bulk purchases, and with the right altcoin, it is possible to gain up to a 200x profit. Three altcoins currently stand head and shoulders above the rest and possess the potential for immense growth in the ongoing bear market. In this piece, we discuss what makes all three tokens fantastic investment opportunities. Here’s all you need to know about Chainlink (LINK), Aave (AAVE) and Big Eyes Coin (BIG).
Chainlink (LINK) is a blockchain abstraction layer founded in 2017 by Sergey Nazarov and Steve Ellis. Chainlink (LINK) enables universally connected smart contracts to function through a decentralized oracle network and allows blockchains to securely interact with external data feeds, events and payment methods. By operating in this manner, Chainlink (LINK) provides the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
Since launching in 2017, Chainlink (LINK) has become one of the major players in the data processing field with numerous trusted data providers, including Brave New Coin, Alpha Vantage and Huobi. Its native cryptocurrency, LINK, is integral to its operations and facilitates several activities such as network governance, transaction fees and staking. LINK is available on several top crypto platforms, including Huobi Global, Coinbase Pro, Gate.io and Kraken.
Aave (AAVE) is a decentralized finance protocol that enables the borrowing and lending of crypto. Through specially created liquidity pools, lenders can deposit digital assets in order to earn interest. Aave (AAVE) allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. Its flagship product, flash loans, has been billed as the first uncollateralized loan option in the Decentralized Finance (De-Fi) space.
The AAVE token is Aave’s native cryptocurrency. AAVE doubles as a utility and governance token and is available on several crypto platforms, including CoinDCX, Binance, CoinBene and OKEx.
Big Eyes Coin (BIG)
Over the last few weeks, the upcoming meme coin, Big Eyes Coin (BIG), has become the subject of excitement and anticipation within the cryptocurrency industry. Crypto experts highly rate the token, and there are suggestions that it could become a market beater in the not-too-distant future, one that surpasses industry leaders such as Solana (SOL), Avalanche (AVAX) and even Ethereum (ETH). Big Eyes Coin plays a major role in the Big Eyes project, a crypto project that seeks to positively impact the meme coin, NFT and Decentralized Finance (De-Fi) space.
Already on presale, Big Eyes Coin (BIG) has made the headlines its home after raising $1 million in a little over a week. The coin continues to impress and looks set to accomplish great things. See more information on Big Eyes here.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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