The crypto bear market is in full swing, and investors will need to adopt new strategies to ensure that they keep up with the times. An approach investors can take is looking for undervalued crypto projects and purchasing their tokens.
This strategy is known as buying the dip because investors purchase these tokens when their prices dip, so they get rewarded when the prices head back up. It is important for investors to get a clear picture of what a project is about before they invest their money into it.
This is where project research is necessary, as it gives you more information and guides your investment decisions. Investors should always check three important investing areas: tokenomics, fundamentals, and use cases. These give you a good base from which to evaluate the value of a project.
Axie Infinity (AXS), Floki Inu (FLOKI), and Big Eyes (BIG EYES) are three crypto tokens to watch in this bear market. These three projects would positively impact your portfolio and give you an advantage in the next bull market cycle. Here is what you need to know about these crypto tokens.
Axie Infinity (AXS)
Axie Infinity (AXS) is a crypto gaming project created by Sky Mavis development studio. The game is inspired by the popular Pokemon card games developed by Nintendo. Axie Infinity launched in 2018 and has grown to attract a decent user base of players.
Players can trade and battle their Axies on the blockchain in the game. With each win, they receive various rewards, including SLP (Smooth Love Potion), which they can use to buy stronger Axies or upgrade their existing Axies.
Players battle, breed, swap, and sell Axies to gain an advantage in the game. The game uses a play-to-earn model, which rewards players for their participation in the game.
AXS is the governance token of the Axie Infinity project. The token, also known as Axie Infinity Shards, grants token holders the power to propose changes to the game. The changes are implemented by the DAO when they have been passed. They also decide how the funds in its treasury are spent.
Floki Inu (FLOKI)
Floki Inu (FLOKI) is a meme token that was created in the image of a popular meme dog: Shiba Inu. The project aims to be more than just another meme token by creating utility for its users.
The Floki Inu community has a large and vocal online community that promotes the project to new users. Floki Inu is a direct derivative of the Shiba Inu (SHIB) meme coin. It was launched as a sister token to the SHIB project, although no definite links have been discovered between both projects.
Floki Inu would ensure that users get more from the project through its three important projects. The first project is a gaming metaverse called Valhalla, the second is an NFT marketplace named FlokiPlaces, and the third is Floki Inuversity: a crypto information platform for crypto newbies to learn. These projects would benefit the community and incentivize users to use the FLOKI token.
Big Eyes (BIG EYES)
Big Eyes (BIG EYES) is a community project that aims to use its token to create an access point for DEFI services. These DEFI services allow users to manage their finances personally and give users more control over their money.
This is why Big Eyes has made it its mission to ensure users get easy access to the DEFI ecosystem. Big Eyes will also inject liquidity into the Big Eyes ecosystem through its users. Users of the platform will also be able to access NFTs, granting them various perks on the platform.
Join the Big Eyes ecosystem today by participating in the ongoing token presale. Various bonuses are available, and you must purchase Big Eyes tokens to receive these bonuses.
You can also invite your friends to purchase BIG EYES and earn bonuses when they do. What are you waiting for? Join the big eyes train now!