Not Sure What To Do In A Bear Market? Consider Gnox (GNOX), Waves (WAVES), And BitDAO (BIT)

The current bear market has arguably caused a bit of trouble in the crypto world. While crypto holders aren’t alone in seeing their portfolio prices tumble (traditional markets have been suffering too), this is the first global economic crisis crypto will have experienced. This leaves many market analysts unsure about how things are going to pan out. Some argue that the true bottom hasn’t been reached yet, while others say now is the time to buy at a discount. While nobody can be sure, there are a few coins in the crypto world that are still performing well. Most notably, GNOX, WAVES and BIT. While much of the overall market is struggling, why are these 3 good purchases right now? Let’s have a look…

Gnox (GNOX)

GNOX has made huge gains in recent weeks at a time when much of the wider crypto market is struggling in a big way. With gains over 60% during a bear market run, GNOX has been performing extremely well. And that’s because the GNOX platform is something the crypto world has been crying out for in recent years: a truly democratic system that gives normal people the benefits of passive DeFi returns.

GNOX works with an innovative treasury of funds that is built from a sales tax on transactions. These funds are pooled and then invested into other crypto projects on behalf of token holders. GNOX token holders will get a say on how the funds are invested, especially with regards to how much risk they are open to. The treasury may invest in other low-risk stablecoins all the way up to extremely high-risk things like NFTs. But none of the actual management and strategy will need to be carried out by GNOX holders. They don’t even need to know how staking works—and that’s an important step in bringing passive income benefits from DeFi and putting them in the hands of normal investors.

Waves (WAVES)

While Waves might require a bit more knowledge about crypto than GNOX, it’s still an important platform in democratizing digital finance and giving more normal people access to the benefits that are available in the space. Waves democratizes crypto by allowing anyone to create and trade their own crypto tokens without having to program complicated smart contracts. So if you’ve ever thought of launching your own crypto project, Waves could be for you.

BitDAO (BIT)

Another project that aims to level the economic playing field and truly democratize the finances of everyday people is BitDAO. Built as a large decentralized platform and similar to WAVE, BitDAO and its token BIT is a technology that helps support creators in the decentralized space. It also offers a range of grants for the wider crypto ecosystem and aims to help level up opportunities for app developers, NFT artists, blockchain projects and more.

BIT is another we think has a strong future in crypto, and could be integral as the market moves out of the current bear run and towards further mainstream acceptance.

These three projects are all great options in the current bear market because of their long -term viability in the crypto space. That’s why we recommend WAVES, BIT and GNOX.