Since the ongoing bear market began in the summer after crypto markets crashed alongside global financial markets, the cryptocurrency industry has been deadlocked in a state of extreme market volatility and negative prices. This is a scenario that was to be expected, seeing as this is what bear markets are notable for. However, the severity of the situation is something that no one could have anticipated and maneuvered around. Several months down the line, the story within the industry is pretty much the same, and members of the crypto community are left with the herculean task of finding feasible solutions that can ensure the security of their assets and the safety of their businesses.
One strategy earning noise within the industry is long-term cryptocurrency investing. As a strategy that allows crypto to vest over a long period while accumulating profits, long-term cryptocurrency investing is emerging as the perfect counter to the bear market’s effects. However, the chances of success with this strategy depend entirely on the type of cryptocurrency used. This piece discusses three promising cryptocurrencies that could be ideal options in the current climate. Here’s all you need to know about Uniswap (UNI), Chainlink (LINK), and Big Eyes Coin (BIG).
Uniswap (UNI): Accessible and Available Trading for All
Uniswap (UNI) is a reputable, decentralized trading protocol that facilitates the automated trading of all kinds of cryptocurrencies, particularly Decentralized Finance (De-Fi) tokens within the cryptocurrency industry. It is an ideal example of an Automated Market Maker (AMM), and like most trading protocols within the industry, it seeks to keep crypto trading accessible and available to anyone. The only prerequisite is that they must possess crypto. Uniswap (UNI) is notable for providing feasible solutions to problems that have plagued trading protocols, such as liquidity concerns.
Its native cryptocurrency, UNI, plays an important role in its ecosystem by providing utility and facilitating the various crypto operations possible, such as network governance, user interaction, and payment fees.
Chainlink (LINK): Popular, For A Reason
There isn’t a more popular blockchain abstraction layer than Chainlink (LINK) within the cryptocurrency industry. The blockchain platform is notable for several qualities, such as the capacity to enable universally connected smart contracts to function and allow blockchain networks to securely interact with external data feeds, events, and payment methods and other forms of data. The Chainlink (LINK) platform is supported by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors, and more.
Its native cryptocurrency, LINK, is central to all operations within its ecosystem, including network governance, user interaction, and payment fees. LINK is available on crypto platforms within the industry, like Binance and Coinbase.
Big Eyes Coin (BIG): The New Meme Coin Making Big Waves
Big Eyes Coin (BIG) is the native cryptocurrency of Big Eyes, an Ethereum (ETH) based crypto project that seeks to, amongst other things, champion the cause for the adoption of blockchain technology within the global community. The Big Eyes Coin (BIG) plays an integral role in its ecosystem and will serve as a medium through which Big Eyes community members can interact and collaborate. The token features several attractive features, such as a massive supply and a lack of transaction taxes.
Big Eyes Coin (BIG) is currently on presale and has raised over $9 million making it an ideal currency for long-term cryptocurrency investments in the current climate. For more information on the token, click here. And use the exclusive code: BIGE213 whilst purchasing to receive additional bonuses on this promising coin!
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Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.