Bear markets are reputable within any industry that involves buying and selling, as an extended period of extreme market volatility and negative prices. The same applies to the cryptocurrency industry. As one of the most exciting and innovative sectors worldwide, news of the cryptocurrency industry’s longstanding battle with the ongoing bear market is a matter of global interest. Since crypto markets crashed alongside global financial markets in the summer, the industry has grappled with the bear market, which has refused to let up. As such, there has been a massive adaptation within the sector, with crypto regulars seeking various unorthodox strategies to stay afloat.
It is for this reason that long-term cryptocurrency infusing is making a comeback. Since it mitigates the risk of running at a loss within the current climate, more and more crypto investors are turning towards it.
Choosing the right crypto asset is essential. This piece sheds light on three altcoins worth keeping gaze on. Here’s all you need to know about Big Eyes Coin (BIG), Filecoin (FIL) and Stepn (GMT).
Soon To Be The Only Name In Storage – Filecoin (FIL)
Filecoin (FIL) is a decentralized storage system that stores humanity’s most important data in the cryptocurrency industry. It is a platform that leverages blockchain technology and its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. Filecoin (FIL) differs from existing cloud storage companies prone to centralization, like Amazon Web Services (AWS) or Cloudflare. How it operates allows users to be custodians of their data, making the web more accessible.
Its native cryptocurrency, FIL, is an integral part of its ecosystem and is responsible for facilitating crypto-related operations, such as network governance and payment fees. FIL is available on top crypto platforms like Gemini, Kraken and Huobi.
One Step At A Time – Stepn (GMT)
Stepn (GMT) is a blockchain-based platform that runs on the Solana (SOL) network. It is a workout application that allows users to earn rewards by walking, jogging or running for a designated period that refreshes every 24 hours. On the Stepn platforms, users are rewarded with GMT tokens after completing tasks.
Stepn (GMT) also incorporates cryptocurrency industry features like Non-Fungible Tokens (NFTs). Its native cryptocurrency, GMT, is an integral part of its ecosystem and is responsible for facilitating several crypto-related operations, such as rewards, network governance and user interaction.
No Need For 9 Lives – Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is a meme asset that plays a major role in the upcoming Big Eyes project, which seeks to pioneer the movement and adoption of blockchain technology worldwide. Big Eyes Coin (BIG) is the Big Eyes project’s native cryptocurrency and is responsible for incentivizing its ecosystem and facilitating all sorts of crypto-related operations. Its features and role in the Big Eyes project make it a very attractive token and one of the most anticipated cryptocurrencies this year.
The Big Eyes Coin (BIG) is already in its third presale stage and has raised over $3 million. The token looks likely to become a valuable asset in the current climate due to its many attractive features, such as a lack of transaction taxes and a massive supply. See more information on the Big Eyes Coin (BIG) here.
Big Eyes Coin (BIG)