Ethereum, PancakeSwap, And Celphish Finance: 3 Cryptocurrencies To Survive The Bear Market

It is possible to say that cryptocurrencies have recently gone through a very difficult period. While investors consider the downtrend an opportunity to buy the dip, analysts agree that this situation is now nearing the end. The market contraction, triggered by events such as the Terra (LUNA) collapse, is expected to be replaced by an upward wave shortly.

Celphish Finance (CELP) Aims To Become A DeFi Leader

In this period, when global uncertainties and data from the US stock markets cause a contraction, a serious opportunity is seen for long-term investments. Although the trading volume has fallen, the market is witnessing a broad buying wave from significant investors. It can be seen that the same high interest exists not only in established projects but also in new projects such as Celphish Finance (CELP).

Celphish Finance (CELP) is known as one of the new projects developed in decentralised finance (DeFi). In the field of NFT assets, developers who draw attention to the problems in the market are working on a strategy that will offer a solution in this regard. Establishing an NFT market designed for ease of use, even for a person who has never traded in crypto before, Celphish Finance (CELP) aims both to secure digital asset transfer and for new investors to move freely.

Celphish Finance (CELP) is also working on a liquidity-free swap protocol. This algorithm, which enables the decentralised transfer of crypto assets, helps the ecosystem to be adopted by the masses. Celphish Finance is seen as one of the promising projects in the field of DeFi, with its innovative approach and appealing to a wide target audience.

Ethereum (ETH): The Second Giant Of The Crypto Market

The idea of Ethereum was first conceived in 2013. Called the new generation blockchain, Ethereum (ETH) started to raise funds in 2014 and eventually became a project in 2017. Ethereum uses Ether as fuel within the ecosystem. ETH, which can be mined and transferred between wallets, also acts as a fund for the emergence of different projects. Ethereum, which was prepared with the thought that Bitcoin is far from creating an infrastructure for cryptocurrencies, has greatly contributed to the development of the cryptocurrency ecosystem.

Ethereum (ETH) is used for transaction calculation fees and gas payments. In addition, the blockchain verifies ETH, which is also used in the exchanges of cryptocurrencies. Unlike Bitcoin, Ethereum (ETH) manages users’ balances and accounts through state transition. Ethereum, the second-highest valued currency after Bitcoin, has many advantages over Bitcoin.

PancakeSwap (CAKE) Holds Against The Bear Market

The PancakeSwap (CAKE) platform uses the AMM (an automated market maker) model, where users trade against a liquidity pool. Those who fill these pools are users who buy liquidity provider tokens. Users can then use these tokens to reclaim their share in the pool. PancakeSwap (CAKE) allows users on the platform to collect additional coins such as CAKE and SYRUP. PancakeSwap is entirely based on users exchanging BEP-20 coins and providing liquidity to the exchange.

There is also a staking (locking) function within the ecosystem. PancakeSwap (CAKE) is in the top 5 of all DEXs worldwide regarding its trading volume. Its most significant advantage is that it works on Binance Smart Chain, which offers much lower transaction costs than the leading cryptocurrencies, Bitcoin and Ethereum. Therefore, the trading fees are also less than on other decentralised exchanges.

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