A bear market is a period of declining prices in security or the broader market. Remember, all markets are cyclical, but some bear markets are harsher than others. A bear market can occur when investors’ confidence in the long-term growth of their investments declines quickly, which leads to dramatic pullbacks in stock prices over several months or even years.
Bear markets are characterized by stock, real estate, and commodity prices that have declined 20% or more from their peaks. Typically, bear markets will last an average of 5 months, but they may occur over a period of years as well. Bear markets are considered to be periods of correction in the market where investors should generally expect lower share prices and interest rates.
As the cryptocurrency industry moves toward mainstream adoption, it hasn’t been an easy road.
The cryptocurrency industry has faced many challenges in its journey towards mainstream adoption. However, the industry seems only a fraction away from reaching its goals now more than ever. We are living in an era of great interest and appeal for crypto, and the world is finally beginning to understand the potential of blockchain technology and how it can change our world.
Cryptocurrencies are undeniably more accessible, transparent, and decentralized than their fiat counterparts. A completely new financial system could replace traditional ones in the near future.
Investing in cryptocurrencies long-term can yield massive returns in the long run given the current industry situation. Cryptocurrency prices are low, making it easy to buy altcoins in bulk at favorable prices. Many options are available in the market, but we will focus on these three – Chainlink (LINK), Hedera (HBAR), and Big Eyes Coin (BIG). These are some of the reasons why they are great investment options at this time.
Chainlink (LINK)
Chainlink (LINK) is a blockchain-based platform that uses a decentralized oracle network to ensure the security, trustworthiness, and decentralization of blockchain networks. This is done through a network of nodes that provide information such as price feeds, event results, and links to traditional payment methods.
Chainlink (LINK) is an infrastructure composed of data providers and purchasers. Many data providers, including Brave New Coin and Huobi Global, have expressed interest in its data processing capabilities since its launch. By acting as a mode of payment, its native cryptocurrency, LINK, is essential to the smooth operation of this system. In addition to Binance and Coinbase Pro, LINK is available on several prominent crypto exchanges.
Hedera (HBAR)
Hedera (HBAR) is a cryptocurrency platform that solves several problems within the cryptocurrency industry. It operates using a technology called Directed Acrylic Graph (DAG). Hedera (HBAR) can process more than 100,000 transactions per second (tps) using DAG because the network can verify transactions faster as more transactions are added.
A native cryptocurrency, called HBAR, is an integral part of its ecosystem and is essential to all operations. Transactions on Hedera are enabled with HBAR, which offers low fees and high customization. Additionally, it facilitates network governance. HBAR is a highly sought-after token within the industry, and its market cap of $1.6 billion makes it a top 40 crypto.
Big Eyes Coin (BIG)
The Big Eyes Coin (BIG) is an upcoming meme coin that’s currently gaining a lot of attention within the cryptocurrency industry. This is a full-on community token intended to shift wealth into the Decentralized Finance (De-Fi) ecosystem and protect an essential part of the world’s ecosystem.
Using Non-Fungible Tokens (NFTs), Big Eyes Coin (BIG) is part of an initiative that wants to give back more by building a blockchain ecosystem that self-propagates for Hypergrowth and gives access to more content and events. There are several qualities of the token, including no transaction taxes and a commitment to fostering community.
As a cryptocurrency in its presale phase, Big Eyes Coin (BIG) has the potential to be a valuable asset to own. Over $1 million has been raised, and the token is on its way to surpassing its team’s goal of 420 million.
