Investors seem to have generally accepted the arrival of the bear market. The signs have been observable since December 2021, with Bitcoin’s double top followed by a steady decline. Bitcoin has existed as an asset during an unbelievable macro bull market. Many investors fear what a recession could mean for crypto with its classification as a high-risk asset. Selloffs have already begun, and the price seems to slump each passing day.
More seasoned investors know that now is the maximum opportunity for financial gain and are busy buying the dip. This article features three safe and solid crypto projects that will soar during the next bull market phase.
Gnoxis a new reflection token that will be launched on the Binance Smart Chain (BSC) at the end of Q2. Analysts have touted it as a bear market essential due to its ability to generate token holders stablecoin reflections. Gnox makes this possible through the use of its treasury which is funded through tokenomics of buy and sell taxes. The treasury is put to work in DeFi protocols, and all the generated yield is converted to stablecoin, and shared amongst GNOX holders.
Analysts have pointed to the terrifying growth-orientated nature of the treasury. Its mechanics dictate that the principal is never touched, only the proceeds it generates. Hard built into the protocol is a constantly expanding capital fund used on behalf of the investors. As the treasury grows, so shall the stablecoin payouts. This is an investor’s dream during a bear market, and it seems many investors have realised the potential of this project, with its price shooting up 52%.
Binance Coin (BNB)
Sat comfortably at number five by market capitalisation BNB is a token representing a safe investment and an incredible opportunity for financial gain. Currently trading close to $255 down from an ATH (All-Time High) of $690, it promises close to a 3X just to reclaim its old price. With the next market cycle, it will power above and beyond its prior ATH, and who knows how high it will climb.
BNB, the native token of the Binance Smart Chain (BSC), is not going anywhere. It is the utility token of the world’s largest CEX (centralised exchange) Binance, led by the astute visionary Changpeng Zhao. Investors who bet against this coin will have a rude awakening. It is what could be considered a ‘blue chip’ crypto, and with its constantly expanding ecosystem seeing positive price appreciation is inevitable.
Near Protocol (NEAR)
The Near Protocol has aggressively focused on becoming a leading DApp (decentralised applications) platform putting central importance on usability for investors and developers alike. Near Protocol has thus become a haven for Dapp developers, and many have migrated to the network. The Near protocol features Nightshade, unique sharding technology, to achieve scalability and offers lightning-fast transactions at ludicrously low cost.
Now trading just below $4, down from its ATH (All-Time High) of above $20, NEAR will grow as DeFi grows; it is an asset attached to the fastest growing financial sphere and is primed for a massive rally during the next bull market cycle.
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