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The crypto bear market is in full swing and crypto users are feeling the effects. The current economic challenges are devastating all financial markets including forex, options, bonds and the stock market. The crypto industry is used to market cycles and as it matures we will see more of these boom and bust cycles.
It is important to note that there is an opportunity for crypto users to add value to their portfolios by buying solid crypto projects during this time. With the 60-70% price drops seen in crypto projects in the market, solid crypto tokens are trading below their value. These tokens are backed by good projects with strong fundamentals and use cases.
Thorough research is required before buying crypto tokens. The crypto market is in a state of uncertainty and prices are volatile. The research would ensure that the project tokens you buy have good future prospects and add value to your portfolio. Uniswap (UNI), Fantom (FTM) and Keninah Concord (KEN) are three crypto tokens for the bear market. Investors should take a look at these tokens as they signal strong future potential. Here is more about these three crypto projects.
Uniswap (UNI)
Uniswap (UNI) is a DEX that allows users to trade ERC-20 tokens. It uses an automated market maker model where users perform token swaps against pools of liquidity. ERC-20 tokens reside on the Ethereum network; Therefore, only tokens on the Ethereum network are supported by Uniswap.
Uniswap was created by Hayden Adams in 2018 and created the UNI governance tokens in 2020. Liquidity providers fund the liquidity pools on Uniswap and these users are rewarded with trading fees from using the pool. 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. Members of the DAO have the right to vote on changes to the protocol. The Uniswap DAO currently has over 300,000 members and they decide how the funds in the treasury are distributed.
Phantom (FTM)
Fantom (FTM) is a Directed Acyclic Graph (DAG) smart contract blockchain. It uses a unique consensus algorithm (Lachesis) to provide a DEFI compliant platform for developers.
The Fantom blockchain will offer users a faster network with short settlement times (less than two seconds) well suited to DEFI. In addition, the Fantom blockchain supports building dApps for various purposes. The Fantom blockchain was created in 2018 and the mainnet was launched in 2019.
The Fantom blockchain is primed as the next target for DEFI due to its consensus algorithm and settlement times. It will provide a low-cost, fast, and developer-friendly alternative to existing Layer 1 blockchains.
Fantom positions itself as the first DEFI blockchain to attract more developers to its network. The FTM token is the utility token of the blockchain. FTM is used for various functions including staking, settlement, governance and network fees.
Kenyan Concord (KEN)
Keninah Concord (KEN) is a crypto platform for sending and receiving financial aid in war zones. Traditional financial institutions do not exist during the war, which is the main basis for the creation of the Keninah Concord network. Keninah Concord transparently enables donors to send money to recipients using its distributed ledger technology.
The network solves donation problems such as accountability, transparency and speed. Additionally, Keninah Concord will connect donors and recipients in a secure environment where they can connect. The KEN token is used as a medium of exchange on the network and facilitates transactions.
Join the ongoing presale and take advantage of the numerous bonuses available. Bonuses can be stacked and there are so many ways to get an extra KEN token. For example, you get a 9% bonus when you buy KEN tokens in the first phase, a 7% bonus for the second phase, and a 5% bonus for the last phase of the presale. By inviting your friend to the referral program, you can also earn some bonuses. Buy KEN today!
Join now.
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