Bear markets are a familiar feature of the cryptocurrency industry and any financially inclined industry. According to major crypto veterans, they are just as essential as bull markets to the development and growth of the industry. The most important thing to remember about the bear market is that it is just a storm, and like all storms, it will eventually pass, giving way to a bright and beautiful sunrise.
Many crypto investors are already exploring several strategies to make profits in the current climate. One strategy that has worked well in the past and could be valuable in the ongoing bear market is long-term cryptocurrency investments. This strategy allows investors to make the most of the current situation and turn the market volatility in their favour. To that effect, this piece discusses three altcoins that would make fantastic long-term cryptocurrency investments in the current climate. Here is all you need to know about Loopring (LRC), Thorchain (RUNE) and Big Eyes Coin (BIG).
Loopring (LRC) is a renowned protocol for building non-custodial, order book-based decentralized exchanges (DEXs) on Ethereum (ETH). It is a project that addresses the high costs and relatively slow speeds associated with transacting on the Ethereum (ETH) blockchain. Loopring’s native cryptocurrency, LRC, is responsible for facilitating crypto-related activities such as network governance and transactions. The token also provides utility and powers the Loopring ecosystem.
LRC is an Ethereum (ETH) based ERC-20 token available on the Loopring Exchange and other crypto exchange platforms, both centralized and decentralized. LRC token holders are eligible for its VIP program and liquidity mining. It is a cheap investment option that can yield massive returns in the long run.
Thorchain (RUNE) is a token-swapping protocol native to the Cosmos (ATOM) blockchain. It enables the trading of crypto assets across various blockchains in a completely decentralized manner. Thorchain (RUNE) is one of the few blockchain-based platforms providing cross-chain capabilities and access to cross-chain liquidity. It is compatible with notable blockchain networks such as Bitcoin (BTC), Ethereum (ETH), Binance Smart Chain (BSC) and Litecoin (LTC).
Its native cryptocurrency, RUNE, plays an essential role in its operation and ecosystem. RUNE facilitates several crypto-related activities on Thorchain, such as network governance, staking for operations, rewards, bonding and trading. It also enables double swapping, which allows for non-custodial decentralized token swapping across blockchain networks. RUNE is available on several top crypto platforms within the industry, like Binance.
Big Eyes Coin (BIG)
Native to the upcoming Big Eyes project, Big Eyes Coin (BIG) is a highly anticipated cryptocurrency that could achieve market domination in the not-to-distant future. The token has amassed a large following within the cryptocurrency industry due to its many qualities, such as a large supply, an exciting roadmap and a lack of transaction taxes. Big Eyes Coin (BIG) does not require transaction taxes or gas fees, so it could quickly become a favourite amongst traders. The token is an integral part of the Big eyes ecosystem and facilitates interaction and network governance within the system.
Big Eyes Coin (BIG) could be a valuable long-term cryptocurrency investment in the ongoing bear market. The token is already on presale and looks set to smash the $20 million mark set by its team. Stay updated on all things Big Eyes and access more information on the project here.
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