Crypto winter is a long downturn in the overall cryptocurrency market. The mere mention of the term invokes an image of coin prices plunging to all-time lows, losing all value.
This often occurs when investors lose confidence in investing in crypto as an asset class and when trading activity slows down as few people are buying or selling. This can ultimately lead to a lack of interest for new investors who might have otherwise made large investments in the crypto space.
Cryptocurrencies are a relatively new asset class that can move independently of other markets. As the market matures, there will be periods of consolidation and sideways trading. Interestingly, winter months in markets like the US can coincide with other economic slumps like a bear market in the stock market or a recession.
As a result of the general downturn in the crypto ecosystem, many token holders are leaving the ecosystem. Crypto holders who are still interested in the crypto ecosystem have the chance to purchase solid crypto projects at discount prices. In cryptocurrency natives’ terms, this is known as “buying the dip.” In order to invest during a bear market, you must conduct adequate research. A thorough search will help you avoid buying a failed rug pull or project.
During these bear market times, what are the most effective strategies for crypto buyers to use? The critical thing remains that investors are able to preserve and deploy capital as needed.
Holo (HOT), ICON (ICX), and RoboApe (RBA) are three crypto projects poised to survive the crypto winter.
The fundamentals of these three crypto projects suggest they are currently undervalued. Here is a brief breakdown of these three projects.
Holo (HOT)
Decentralized network Holo (HOT) uses its Holochain to host dApps. Developers can create decentralized apps without having to deal with blockchain technology directly. As a result, web 2 engineers can build seamlessly in web 3 without having to have the technical expertise.
Furthermore, it blurs the line between regular tech and crypto technologies, making it more accessible for both users and builders. Non-crypto natives would be able to easily learn the crypto ecosystem without any steep learning curves.
All transactions are validated by Holo network validators on their nodes. Additionally, Holo will create a marketplace where users can easily access decentralized apps hosted on the chain.
As the network’s native token, HOT can be used for a variety of on-chain activities. Additionally, Holochain users could access and download any apps seamlessly and as easily as possible. Designed for mass market adoption, the Holo network is a peer-to-peer blockchain.
ICON (ICX)
The ICON (ICX) blockchain is a layer 1 technology aimed at bridging multiple chains. All blockchains can use the protocol, which is scalable, secure, and available. BTP (Blockchain Transmission Protocol) connects blockchains through its hub. With BTP, ICON provides scalable cross-chain support for various blockchains such as Binance Smart Chain, Near, Polkadot, and Harmony.
By incorporating more projects into its ecosystem, ICON hopes to create an interoperable blockchain environment. The ecosystem includes various dApps, NFT marketplaces, and token swaps.
A dedicated SDK is provided by ICON for developers to build and create on the network. ICX tokens are used to power the ICX delegated proof of stake network.
RoboApe (RBA)
RoboApe (RBA) is a social token that will provide crypto education to its community through its RoboApe Academy. Further, the RoboApe Swap allows users to swap between tokens at low fees, facilitating DEFI transactions. Additionally, RoboApe will organize charity games and events to fund the causes its community DAO is passionate about. As a DAO, RoboApe would be controlled by its members, and the RBA governance token would be used for admission.
The RoboApe project is a community-driven project that stands out from the crowd. The ecosystem is designed for both creators and developers to build and explore. Interested parties should keep an eye on this project as it is poised to become a leader in its category. A strong community is created when social causes and profits are blended correctly. Be a part of their presale today and become a member of this community. For more information, click on the links below.
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