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The bear market is in full gear and cryptocurrency tokens are currently experiencing huge price slashes. These price dips are normal in a bear market and investors should not panic. Newbie cryptocurrency investors are prone to making rookie mistakes like selling solid crypto projects in a bear market and realising losses. It is important to protect your capital during these times as volatility is rampant. Furthermore, the bear market presents an opportunity for investors to buy the dip and purchase crypto projects at a discount. This way they get to enjoy the upside once the market sentiments improve. Before purchasing any projects, it is important for investors to perform due diligence and thorough research to prevent poor decision making.
Three DeFi projects investors should watch in this bear market are: 1 inch Network (1INCH), Curve DAO Token (CRV), and Revolutux (RTVL). These three DeFi projects provide utility for their users and help them to do more with their money. In addition, these projects have shown signs of price rebound once market sentiments become positive. Here is a brief summary of the three projects.
1 inch Network (1INCH) – Multi Chain DEX
1 inch Network (1INCH) is a multi chain DEX aggregator that users can use to source for liquidity. DeFi users have access to over 200+ different sources of liquidity when they use the protocol . The 1INCH protocol uses its unique pathfinder algorithm to find the best lending, saving, and borrowing rates in DeFi. In addition, the 1 inch Network reduces the time spent searching for good rates. Users of the protocol can be assured of security as its AMM technology protects them from DeFi exploits like frontrunning.
The 1INCH Wallet allows users to manage their DeFi activity from a single source. The wallet is available for computer and mobile devices. The 1INCH token is the governance token of the 1 inch Network and the protocol operates a DAO that allows users to vote and propose changes to the network.
Curve DAO Token (CRV) – The Curve Protocol
Curve DAO Token is the native token of the Curve protocol which is a DEX (decentralised exchange) for stable coins. It gives users access to liquidity pools from where they can borrow supported stable coins. These liquidity pools are funded by liquidity providers who are rewarded with CRV. The Curve protocol uses an AMM (Automated Market Maker) model which allows its users trade against pools controlled by smart contracts. Curve was launched in 2020 and it is the largest DeFi protocol by Total Value Locked (TVL).
CRV is the governance token of the Curve platform and it grants token holders the power to vote on and propose changes to the protocol. In addition, the CRV token makes holders automatic members of its DAO. CRV can be staked for long periods on the Curve protocol to increase the rewards. This way liquidity providers can get more value for their tokens instead of leaving them idly in a wallet.
Revolutux (RVLT)
Revolutux (RVLT) is a DeFi project built on the Binance Smart Chain (BSC). The project aims to create wealth for its users by giving them the DeFi tools they need to succeed. Revolutux will create a DeFi ecosystem which would allow users to stake, trade crypto, purchase NFTs, and receive rewards. In addition, Revolutux will control the protocol through its DAO which would be open for all members who hold the RVLT token.
RVLT is the transaction and governance token of Revolutux. It is designed using the BEP-20 token standards and is fully fungible with compatible tokens. RVLT is a deflationary token that would allow its users to perform various actions including depositing into liquidity pools, transactions, and burning. Revolutux aims to build a DeFi platform that would offer users access to more rewards and incentivize usage.
Revolutux (RVLT)
Presale: http://begin.revolutux.com/
Website: http://revolutux.com/
Telegram: https://t.me/RevolutuxOfficial
