The bull market and the bear market have been hot topics in recent months. The phrase “bear market” is often used to describe a period of falling stock prices and, by extension, a faltering economy.
A bull market is the opposite of a bear market, which occurs when prices go up. The 2022 cryptocurrency market has recently come under fire for being in a bear market, with crypto values falling sharply.
Although bearish, many market experts say now is an excellent time to buy because prices are low relative to what they will eventually be if the market turns bullish again.
In this piece, we’ll take a look at some of the best cryptocurrencies to hold during the bear market, including Aave (AAVE), PancakeSwap (CAKE), and Big Eyes Coin (BIG).
Earn Passive Income With Aave
Aave, built on the Ethereum blockchain, uses a pooled liquidity strategy to disperse loans. Profitable lending can be done without the involvement of a mediator or intermediary, allowing lenders to earn passive, low-risk income from borrowers’ interest payments.
Aave relies on the yield farming strategy and operates with the assistance of liquidity pools. Borrowers must provide collateral to secure a loan under this non-custodial policy.
AAVE is the native coin of the Aave network. There are multiple cryptocurrency exchanges where you may buy and sell AAVE, as it is a utility token.
One of the most critical applications for AAVE is as a governance token, which gives its holders the right to vote on and otherwise influence the outcome of proposed projects.
Invest In PancakeSwap And Reap The Liquidity Rewards
PancakeSwap, released in September 2020, is a decentralized financial transaction platform that will let its users buy and sell tokens, generate revenue through farming, and more.
The BEP-20 tokens on the Binance smart chain can be traded using the pancake swap (CAKE) platform, a decentralized exchange. Pancake Swap is an AMM that facilitates trading between end users and a pool of liquidity. Users contribute to these liquidity pools by pooling their funds and receiving LP tokens in exchange.
CAKE is a BEP-20 coin developed on the Binance Smart Chain and is the platform’s native token. Incentives for providing liquidity on the PancakeSwap platform are implemented through the token.
Pancake Swap is an online platform that lets users stake BEP-20 liquidity in exchange for CAKE tokens, stake CAKE tokens in exchange for more CAKE tokens, and wager CAKE tokens in exchange for other tokens. Besides the ability to buy CAKE with NFTs, users can also store NFTs in their wallets or use them to purchase additional services.
Big Eyes Coin Is Redefining Meme Cryptocurrency
The blockchain on which the Big Eyes token is based is the Ethereum network. Therefore, the BIG tokens are constructed in accordance with the ERC-20 token specifications.
The entire amount of Big Eyes tokens is 200 billion, and the company plans to distribute 90% of them to the Big Eyes community.
On this network, transactions must be made using BIG tokens. This token is required for all transactions within the NFT marketplace and may be used to purchase mint, trade NFTs, and access other features. Big Eyes Coin NFT marketplace fees will be distributed back to the ecosystem’s users.
The NFT’s initial vendor will receive 50% of these fees, while token holders will split the remaining 40%. The remaining ten percent will be transferred to the community’s charity wallet.
Investors can get a headstart on their investment too by using the code BEYES184 and attaining a bonus on coins purchased.
Learn more about the BIG token by checking out the links below:
