How long will the bear market last? What should investors do to survive the crypto winter? These are the questions investors have been asking as they try to navigate the bear market. There are different approaches users can take to protect their portfolios in these uncertain times. The most important thing to remember is that you must preserve your capital if you want to continue participating in the crypto ecosystem. You can move your capital into stablecoins and watch what happens. Additionally, you can remove poorly performing projects from your portfolio to free up capital. Finally, you can look for projects that are trading below their value and purchase them while their prices are currently low.
This will help you understand a project’s intricacies and whether the project token is worth purchasing. Uniswap (UNI), Shiba Inu (SHIB), and Big Eyes Coin (BIG) are three cryptocurrency tokens great for tackling the bear market and growing your profits. Here is our detailed breakdown of each project.
Uniswap (UNI) – The Growing Platform
Uniswap (UNI) is a DEX that allows users to trade ERC-20 tokens. It uses an Automated Market Maker model where users conduct token swaps against liquidity pools. ERC-20 tokens are on the Ethereum network; therefore, only tokens on the Ethereum network are supported by Uniswap. Uniswap was launched in 2018 by Hayden Adams, and in 2020 it created the UNI governance tokens. Liquidity providers fund the liquidity pools on Uniswap, and these users are rewarded with trading fees from the pool’s usage. The fees liquidity providers receive depend on the number of tokens contributed.
UNI token holders become members of the Uniswap DAO, which has over 1.6 billion in its treasury. The Uniswap DAO currently has over 300 thousand members, and they decide how the funds in the treasury are allocated. Members of the DAO have the right to take part in votes regarding changes to the protocol.
Shiba Inu (SHIB) – More than just a Meme Coin
Shiba Inu (SHIB) is a dog-themed meme coin that has morphed into a community token. The project was launched in 2020 by a developer using the pseudonym: “Ryoshi.” The project gained rapid followers in record time as many crypto enthusiasts were drawn to its cute mascot. In addition, the success of this dog-themed meme coin gave rise to several copycats trying to mimic its success. Shiba Inu has a strong crypto community of users who are devoted to the project. An abundance of community support backs the SHIB token.
The popularity of the SHIB token led to its listing on various exchanges, including Coinbase, Binance, and KuKoin. This gave enthusiasts access to acquire the token for the project. Shiba Inu creators stated that the project was created because of their love for the Shiba Inu dog. The Shiba Inu meme coin is a perfect example of a community project riding on the support of its community.
What is Big Eyes Coin (BIG)?
Big Eyes (BIG EYES) is a community token designed to give users easy access to DEFI and NFTs. The project draws inspiration from Japanese culture. Furthermore, Big Eyes will help the DEFI and NFT ecosystems by improving liquidity. Additionally, Big Eyes aims to add value to the ecosystems by funneling more liquidity and giving users more access to these crypto sectors. Big Eyes is a fully community-driven project; 90% of the token would be available for users at launch. The project will help users understand the DEFI and NFT ecosystems by reducing entry barriers.
You can purchase BIG EYES tokens at the ongoing pre-sale. Different bonuses are available, and you can stack up these bonuses to earn more BIG EYES tokens.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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