How to build despite the “bear market” in crypto

How to build despite the “bear market” in crypto


During a bear market, it can be more difficult to have a strategy, as the value of the investment can drop. However, there are still ways to create value in a bear market.

2022 has been an incredible year for the crypto space. We will all remember the bankruptcies of the world: Luna, Celsius Network, FTX, BlockFi and others that left investors with huge losses. The bear market has significantly affected the crypto economy and investors’ wallets and may not be over as Genesis has filed for bankruptcy that owes major creditors $3.4 billion in total. FTX owes $3.1 billion to its 50 largest creditors. This is not the first very cold winter for crypto, as in 2013 and 2017, the market moves in cycles.

It is important to remember that bear markets are temporary and markets have been bullish in the past. It’s good to be different and not make emotional decisions. Building wealth in a cryptocurrency bear market can be difficult, as the value of many cryptocurrencies can drop. However, there are still ways to potentially create value in this market. In any case, it must be remembered that the cryptocurrency market is very volatile and that investing in this market can be risky, and very often the nuggets do not make the headlines, but it is rather wise and a strong team … It will be interesting to look at projects made with blockchains.

Here are 3 simple axes that should not be ignored in the crypto ecosystem:

Invest

Invest in undervalued cryptocurrencies with solid foundations and a strong team. Consider investing in mining or cryptocurrencies, as these can provide a steady stream of income. Reducing the effects of climate has caused blockchain invent ways to make the mining of new coins and tokens more environmentally friendly. For example Sazminingprovider of Bitcoin mining solutions, launched its first hydro-powered mining facility in Wisconsin, providing the company with a carbon-free power source.

Opportunity

Look for opportunities to invest in new projects or startups in the cryptocurrency space, as they may have growth potential. Build your portfolio by investing in a mix of cash and blockchain projects. DeFi grew by +76%, in line with overall Web3 growth. More than 500 new developers contributed code to the DeFi project every month in 2021. In any case the signs ofdedication community is an important and complementary indicator for NFT markets, Gaming and CAD.

The day before

Learn about technology and trends in the cryptocurrency market to stay informed about potential opportunities. In detail The largest ecosystems are Ethereum, Bitcoin, Polkadot, Cosmos, Solana, BSC, NEAR, Avalanche, Tezos, Polygon and Cardano, each with more than 250 active developers per month. Ethereum, Polkadot, Cosmos, Solana and Bitcoin are the 5 largest developer platforms.

It is also important to do your own research and not make decisions based on hype or rumours. Every week we publish journal on Web3 which includes concepts such as decentralization, blockchain technologies and token-based economy.