How long will crypto winter last? That is the question on the lips of every crypto participant right now. Many newbies are scared at the prospect of a prolonged bear market but there is no reason to be afraid. Market cycles are common in many markets including stocks, bonds, and securities.
The best thing to do during this bear market period is to buy the dip on projects with solid fundamentals. Using a solid investment framework, you would be able to pick the next winners in the coming bull market rally. With this in mind, we have prepared a short crypto winter survival guide with three projects you should be looking to buy.
When buying crypto or making cryptocurrency-related investments, it is important to avoid using the money you would need in the short term. Never put in more than you are comfortable losing and do not put in more than a significant portion of your net worth. Frax (FRAX), PAX Gold (PAXG), and RoboApe (RBA) are three projects that are sure to bounce back after this crypto winter. Here is a brief summary of these three projects.
Frax (FRAX)
Frax (FRAX) is a fractional algorithmic stable coin that is pegged to the US dollar. It is built on the Ethereum (ETH) blockchain using the ERC-20 standard. To fully serve the entire crypto community, it will expand its services to other blockchains in the near future.
Frax is the first of its kind as it aims to create a fourth category in an area previously dominated by three main types: Fiat-backed, Algorithmic, and Over collateralized stable coins. Frax uses crypto collaterals and algorithms to stabilize its price and keep the protocol running.
Although Frax runs a DAO with the FXS token used for governance, it is designed to require as little human interference as possible. With its design and focus on creating a stable asset exchange for crypto in general, it is easy to see why Frax is a good buy in the bear market. Furthermore, Frax users can be sure that this dual system of checks and balances would lead to a healthier stable coin.
PAX Gold (PAXG)
PAX Gold (PAXG) is a cryptocurrency backed by gold. It’s the perfect hedge to use against the crypto bear market because commodity prices are more stable. The project was launched in 2019 as an ERC-20 token on the Ethereum (ETH) blockchain.
PAX Gold can be obtained from various exchanges both centralized and decentralized where it is listed for trading. It is a way for traders to secure their assets in gold without leaving the crypto ecosystem.
PAX Gold was created to make gold more accessible as a commodity and decentralize its trade. Furthermore, it allowed investors to buy up small sizes and amass as much or little gold as they wished. This removes the minimum limits required by most non-crypto exchanges and increases its access and availability.
RoboApe (RBA)
RoboApe (RBA) is a social token that aims to close the information gap in crypto while building a strong and solid community. Through its DAO, it would fund crypto education for newbies in its RoboApe Academy. In addition, it would organize and host charity events for causes supported by its DAO. It would donate the proceeds from these events to selected charities.
Offline, RoboApe would create merchandise for its community that they could buy. It would give every member a sense of community and it would enable them to better recognize themselves offline. The RBA token will be at the center of this project and users would be able to swap, buy, and sell this token as they please. To be a part of this project, visit the official links below.
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Source: https://thecryptobasic.com/2022/06/27/crypto-winter-survival-guide-frax-frax-pax-gold-paxg-and-roboape-rba/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-winter-survival-guide-frax-frax-pax-gold-paxg-and-roboape-rba