At this stage of the bear market, it has become evident to everyone within the cryptocurrency industry that effective solutions and contingency plans are needed. The ongoing bear market has spanned well over four months and does not appear to be letting up anytime soon. With the high levels of volatility within crypto markets, crypto regulars, such as traders and investors, stand to lose a lot if they do not secure their assets. But how do they do this? This a question that many crypto analysts have tried to answer since the bear market began in the summer after crypto markets crashed alongside global financial markets.
Ultimately, the most trusted approach within the industry is to prioritize long-term cryptocurrency investments over short-term ones. This approach mitigates the risk of running at a loss in the current climate and ensures maximum returns in the long run. Long-term cryptocurrency investing is a strategy that has yielded much success in previous bear markets and possesses the capacity to save struggling investors in today’s reality.
The more promising the altcoin an investor chooses for long-term cryptocurrency investing, the more likely they are to reap massive rewards. This piece discusses three of the most promising altcoins within the industry that would make fantastic long-term cryptocurrency investments for struggling investors. Here’s why Big Eyes Coin (BIG), Solana (SOL) and Algorand (ALGO) are must-have cryptocurrencies in the ongoing bear market.
Solana (SOL)
Solana (SOL) is a highly functional open-source project within the cryptocurrency industry that banks on blockchain technology’s permissionless nature to provide decentralized finance (De-Fi) solutions and make decentralized finance accessible on a larger scale.
Since its launch in 2019, Solana has become a major player in the industry. It provides feasible solutions to existing problems, particularly speed and scalability. As a blockchain network, it is part of a select group of systems within the industry with the capacity to rival Ethereum (ETH). As such, Solana (SOL) is also known as an Ethereum Killer.\
Its native cryptocurrency, SOL, is an integral part of its ecosystem. SOL incentivizes the network and facilitates crypto operations, such as network governance, payment fees and user interaction. SOL is a top ten cryptocurrency with stock on prominent crypto platforms within the industry, such as Binance, Coinbase, FTX and Huobi.
Algorand (ALGO)
Algorand (ALGO) is an independent, decentralized, blockchain-based network within the cryptocurrency industry that supports a wide range of applications. The applications on Algorand (ALGO) are secure, scalable and efficient, all critical properties for effective applications in the real world.
Its native cryptocurrency, ALGO, is an integral part of its ecosystem. ALGO incentivizes the network and facilitates crypto operations. It is a highly sought-after cryptocurrency with stock on prominent crypto platforms within the industry.
Big Eyes Coin (BIG)
Big Eyes Coin is an Ethereum (ETH) based asset that has recently become the subject of interest and excitement within the cryptocurrency industry. The token plays a major role in the upcoming Big Eyes crypto project, which seeks to champion the adoption of blockchain technology and bring Decentralized Finance (De-Fi) to global communities.
Big Eyes Coin (BIG) possesses attractive features, such as a massive supply and a lack of transaction taxes, that could see it become a valuable asset in the current climate. It is currently in the fourth stage of its presale and has raised over $4 million. Click here to see more information on the token and its presale. For additional tokens when you buy, use this unique code: BEYES269.
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Source: https://www.thecoinrepublic.com/2022/10/24/big-eyes-coin-solana-and-algorand-three-must-have-cryptocurrencies-for-every-investor-in-the-ongoing-bear-market/