Check This Altcoin Project If You Want To Win In The Bear Market!

Although often seen as a negative situation, the bear market in the Bitcoin and altcoin space provides the possibility for users to outperform by prudently managing their assets. Some projects that will be successful in the long run also emerge during this period. It also creates a suitable environment for investors to save. Perhaps the most important thing to consider in this process is the project you will invest in. It is vital to look at long-term and stable cryptocurrencies. In this article, we will talk about an altcoin that you may want to look at in the bear market. Here are the details…

Which cryptocurrencies can you turn to in the 2022 bear market?

A crypto bear market is a period that marks a prolonged decline in the prices of almost all assets. In this process, projects often struggle to raise funds and engage both users and investors. The process also causes some projects to be removed from the market. Investors experience contrasting emotions during different phases of bear markets. But many people still look for ways to make a profit even then. There are many catalysts behind the current bear market, such as the collapse of the Terra (LUNA) ecosystem, the bankruptcy of Three Arrows Capital (3AC), Voyager and Celsius.

Apart from this, macroeconomic developments such as the increase in the correlation of cryptocurrencies with traditional financial markets, inflation, energy prices and the Russia-Ukraine war stand out. Cryptocurrency markets often act as a whole. In other words, the decline of Bitcoin affects other cryptocurrencies as well. Still, investors are turning to cryptocurrencies that have the potential to yield benefits even when the entire market is crashing. One such cryptocurrency is Bitcoin (BITCI). So why?

Altcoin that provides profit potential in the fall: BITCI

Bitcicoin is a cryptocurrency with its own Blockchain network combined with various ecosystem platforms. The platform supports secure and fast transaction services and is the main coin of the Bitcichain Blockchain. Bitcichain offers payment and exchange services combined with blockchain networks. It is a network that allows users to develop smart contracts and tokens.

bitcoin; It is at the center of developments such as management systems, smart contracts, transaction transfer. Bitci ecosystem hosts many applications such as Bitcichain, Bitci Wallet. Coin is also part of the ecosystem that offers fan tokens to its users worldwide.

In the altcoin ecosystem, especially fan tokens attract attention.

At this point, it is necessary to draw attention especially to the fan token area. Because the market for fan tokens continues to peak. According to Crypto Slam data, fan token sales for August were roughly $6.9 billion. The latest measurement pointed to a total global fan token sales volume of $92.7 billion. Global fan tokens generated $50 billion more in sales volume, especially when compared to global NFT sales from mainstream collectibles.

Bitci, on the other hand, is very popular in this area both locally and globally. Just a few weeks ago, Esporte Clube partnered with Vitoria to launch the VTRA fan token. Globally, it has partnered with organizations such as Spain and Brazil National Teams, Deportivo Alaves, Coritiba FC, MotoGP. On a local basis, the fan tokens of many sports clubs have been issued by Bitci.

If we give examples of these, we can point to Turkey National Basketball Team, Eskişehirspor, Ankaragücü, Denizlispor, Bursaspor, Kocaelispor, Fatih Karagümrük, Gençlerbirliği, Bursaspor. These cryptocurrencies are traded against the BITCI cryptocurrency on the Bitci exchange. So, as the data shows, Bitci’s token, which has been active in the fan token space that has become popular again recently, is likely to take advantage of the bear market and not listen to it.

Bitci broke new ground in the Blockchain world

In the ecosystem where the BITCI altcoin takes place, there have been many innovations over the past months. Cryptocurrency investors usually try to chase active projects because unlike some, these projects are an effort to add something to the ecosystem. In many ways, they try to be the “pioneer”, the “first”. This situation does not change in a bear market or a bull market. Therefore, the value of active projects varies less than the seasonal trend. Bitci is one such project.

The most recent and remarkable development in the Bitci ecosystem was the institutionalization of Bitci Technology, which is behind the crypto money, to become “Bitci Holding”. Thus, Blockchain, cryptocurrency trading platform, NFT, metaverse and game companies came together under the roof of Bitci Holding. Bitci Teknoloji A.Ş became a holding under the name of “Bitci Holding A.Ş”.

Altcoin burns continue

Finally, we will point out the potential of BITCI on the issue of token burning – that is, sending coins to an unused wallet. Thus, its removal from circulation. Today, Bitci announced that 29,447,886.50 BITCI has been burned over the past 30 days. Coin burning has a positive effect on the price, as long-time cryptocurrencies know.