Celphish Finance (CELP), Avalanche (AVAX), and Maker (MKR): 3 DeFi Coins Expected To Prevail In The Bear Market
Although there is a bearish trend in the markets, investors think this decline will not continue for a long time. Investors point out that the cryptocurrency markets, which should see a recovery in a short time, create a serious buying opportunity in this period, significantly increasing the profitability expectation in the long term. As seen in the cryptocurrency price predictions, it can be understood that the market will gain significant value in the medium and long term.
Celphish Finance (CELP) Shines Through The Bear Market
Investors continue to show interest, especially in projects in the Decentralised Finance (DeFi) field during this period. Thanks to the prices that create opportunities to buy from the bottom, it can be seen that large investors are trading with higher capital than ever before. Celphish Finance (CELP), one of the shining projects of this period, has been following a remarkable performance in the recent investor trends.
Celphish Finance (CELP) states that the project aims to bring blockchain-based technologies and cryptocurrency markets together with everyone. The Celphish Finance decentralised exchange (DEX), designed for easy transactions even with a mobile phone, states that the ecosystem will reach a huge audience.
It is said that there will be innovations in NFT in the ecosystem. Stating that users will not encounter complex interfaces while trading with NFT assets, Celphish Finance (CELP) draws attention to the fact that even investors who are new in this field can make efficient transactions. Celphish Finance aims to be both a swap protocol and a user-friendly market for NFTs. Investors think that this ecosystem will enter a growth trend with new users who will join the crypto space.
Avalanche (AVAX): Based On A Solid Working Ground
The Avalanche (AVAX) network allows its participants to build and run decentralised applications (dApps) at a cost that is a fraction of the fees of other blockchains. These services are offered alongside an overall faster response time, which brings the network to optimal scalability.
The Avalanche (AVAX) blockchain network was officially launched on September 21, 2020. Since avalanche avalanche [email protected] Blockchain Network introduction, the network has provided a build platform and security services for nearly 200 projects. The Avalanche network’s native token AVAX also burned $14 million worth of tokens, reducing its overall supply. The Avalanche (AVAX) community also grows globally, providing access to over 600,000 participants from different regions.
Maker (MKR): Aims To Improve During The Bear Market
Cryptocurrency markets should be followed carefully during the downturn, which is characterised as a bear market, for investors to gain profits. According to many experienced analysts and investors, bear markets are the period of real profit. The main reason for this is the low cost of projects with serious breakthroughs and a solid foundation, such as the Maker (MKR) project.
The downward trend of 2022 is an extremely important process for investors who will invest in the Maker (MKR) project. Maker, a cryptocurrency with a large ecosystem that has seen very high prices before, is positioned 160% below the last peak it achieved. The rate at which the project fell from its peak is around 580%.
This data is considered an earning opportunity for those who have been trading in crypto markets for a long time. Considering that the Maker (MKR) project increased its price six times by showing a very high increase after the previous bear market, it increases the belief that it can make new historic peaks in the future.
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