The cryptocurrency market is in a volatile state caused by the uncertain token prices and wild price fluctuations that have occurred over the past few months. These uncertainties are caused by downward price sentiments, also known as a bear market. The 2022 bear market is not unique to crypto as other financial markets such as the bond, forex, and stock market are witnessing similar situations. It is a result of the macroeconomic environment, which has led the situation to become quite tenuous. The bear market offers investors the opportunity to purchase tokens of solid projects at a discount while they are trading below their value. This would set them on the path to take advantage of upward price movements in the crypto market.
Fantom (FTM), Near Protocol (NEAR), and Big Eyes (BIG EYES) are three crypto tokens investors should watch in this bear market. Before purchasing any tokens, investors should conduct adequate research to ensure that they are not buying duds. These three projects tick all the right boxes, and investors should look closely at them. Here is a summary of the projects and their use cases.
Fantom (FTM)
Fantom (FTM) is a DAG (Directed Acyclic Graph) smart contract platform that uses its unique consensus algorithm to provide a suitable ground for DEFI applications. Using its FTM token, Fantom will transform the DEFI space as it offers speed and quick settlement in under two seconds. In addition, it supports the building of dApps for various purposes. The layer one blockchain was created in 2018, but the Mainnet was launched in 2019. Its consensus algorithm is known as Lachesis, and it was built to compete directly with the Ethereum blockchain.
The Fantom blockchain uses its speed and unique consensus algorithm to put itself ahead of other layer one blockchains that are slower and have lower throughput. In addition, Fantom provides cheaper alternatives to existing blockchains, making it attractive to builders in the DEFI space. The FTM token is used for various purposes, including staking, settlement, governance, and network fees. Fantom is creating a new paradigm with the creation of a fast and cheap blockchain to power the DEFI ecosystem.
Near Protocol (NEAR)
Near Protocol (NEAR) is a layer 1 blockchain that uses a community cloud computing platform. This cloud computing addition is to remove the limitations that affect layer 1 blockchains, such as poor throughput, zero interoperability, and slow transaction speeds. Near Protocol is an ideal environment for developers to create dApps (decentralized apps). Unlike the cryptographic wallet addresses used by other layer one blockchains, Near uses human-readable account names for its addresses. In addition, it uses a unique consensus mechanism known as “doomslug” to solve any scaling problems.
The NEAR collective designed the project as a strong and secure network that can protect sensitive assets like identities or money and make them simple enough for mass adoption. The initial code of the Near protocol is updated by its community through released updates into the ecosystem. The protocol will change how computing is done on the blockchain by introducing new paradigms into the space.
Big Eyes (BIG EYES)
Big Eyes (BIG EYES) is a community token that aims to funnel liquidity into the DEFI and NFT ecosystems. It would give more value to both ecosystems by funneling more liquidity into these crypto sectors and improving access. Big Eyes is a fully community-driven project and would be owned entirely by its community. At launch, 90% of the token would be available for users. The project is designed to give users more options and flexibility when they are accessing DEFI protocols. Finally, it would simplify DEFI and make it more accessible to users in the crypto space.
The Big Eyes project is poised to create a new paradigm in the NFT and DEFI spaces. You can participate in this project by purchasing BIG EYES tokens at the ongoing pre-sale. are available to be purchased at its ongoing presale. Remember that you can earn various bonuses, and bonuses can stack. Purchase tokens today and become a pioneer.
