The current bear market has become the longest for the main cryptocurrency. The fall in digital assets took many traders by surprise as they were not prepared to lose 90 percent of their portfolio in just a year. This is especially true for altcoin holders.
Despite the positive attitude of some participants in the crypto market, not everyone shares the opinion that the bullish trend will continue. On the net, you can find a huge number of negative bitcoin forecasts for the coming days and months. Specialists take into account a variety of factors, including technical analysis data and the parameters of bearish patterns. Recently, a reversal from the resistance level was noted, after which the trend stopped. It is explained by the growth of institutional players and the long period since the last halving.
In bearish times, staking becomes popular among crypto investors to protect their digital assets, where a significant part of the capital flows during such a period. you can earn in absolutely any market condition with the help of staking. PoS can bring holders of some coins from up to 150 percent per annum simply for owning a cryptocurrency.
Staking saves the world. That is why it is worth turning your attention to PoS now. Regardless of the market situation, staking returns you a guaranteed amount of the asset. If you are going long, you should pay attention to this strategy. Find out which coins to look out for in 2022 to protect your crypto investments from the bear market.
Luna is the cryptocurrency that makes the Terra project work. It appeared two years ago and is currently one of the largest cryptocurrencies in the world. The project allows you to easily and quickly deploy your own stablecoins. It represents one of the possible scenarios for the further adoption of cryptocurrency.
Prospects LUNA is associated with the growth of the stablecoin segment as a protective asset, especially in countries with high inflation, as well as the adoption of stablecoins by different countries. At the same time, their deployment will occur using LUNA.
The risks of investing in LUNA come from the likelihood of abandoning LUNA tools in favor of government developments, and it is also hypothetically possible to abandon the idea of digital fiat currencies on the blockchain entirely, although today this already looks like an unlikely scenario, since today dozens of countries are already developing or at least are thinking about it.
JEDSTAR is a new cryptocurrency project that appeared last year. This is a decentralized DECO ecosystem with tokens designed for continuing its growth of DeFi - JED token, GameFi - KRED and Governance - ZED.
Today there is already a DeFi JED token issued by the project development team. The other 2 tokens are coming soon. The GameFi KRED token will be used for a new collectible card game (CCG) as well as another project from JEDSTAR, a massively multiplayer online role-playing game (MMORPG) in the metaverse. In addition, to trade in-game content on your own, both tokens can be used on the NFT AGORA project trading platform, where you can exchange and trade content used in these games.
JEDSTAR also supports the world's first Currency as a Service (CAAS) platform, where users can directly convert their paper money into KRED and vice versa. This initiative will directly impact the mainstream adoption of cryptocurrencies as it removes the usual hurdles that users have to go through to exchange their fiat for crypto or in the opposite direction.
CAKE is the native token of the PancakeSwap platform, which is used on the platform for lotteries, NFTs, voting for the development of the project. PancakeSwap is a decentralized exchange powered by the Binance blockchain. A native token is available for staking on wallets such as MetaMask, Trust and Binance Chain Wallet and others. CAKE staking has an annual return of up to 60%, making it one of the best returns in the crypto space.
The prospects for CAKE are connected with the growth of the platform, as well as the DeFi segment. This is one of the most profitable destinations in crypto in 2021. For sure, the next year will also be successful, because the PancakeSwap working platform is a quality product that is used. Binance support also plays a role here. There is at least indirect support since BSC coins are traded on Pancake.
Shiba Inu (SHIB)
The SHIB token was created to reflect the Dogecoin burst. It is one of the popular so-called mem-coins. Most cryptocurrency experts are confident that the Shiba Inu rate will gradually increase over a certain period. And by 2023, the cost will continue to rise, but more actively. This can be caused by a variety of factors.
One of the reasons for the current popularity of this coin lies in the fact that most of the well-known investors from China are very interested in it. This is partly why its value is already growing rapidly because influential representatives of the Chinese crypto community are constantly advertising it on various platforms. It looks like SHIB will really be actively climbing the mountain.
Of course, there is always a risk that the cryptocurrency market could fall after an extended bull run and this is normal for this market. The bearish trend now underway is the right time to stake your cryptocurrency.
Solana is a scalable blockchain and one of Ethereum's competitors. It is also available for staking. The Solana cryptocurrency can be staked in wallets like Ledger Nano S, Atomic, Exodus and others, where you can get a yield of almost 7% per annum.
The prospects for Solana are quite bright, as many believe that it is a possible future financial hub for crypto, a kind of bank. It is predicted the position of Visa in the world of cryptocurrencies for SOL. The expansion of the project and functionality, the growth of the DeFi and NFT sector will help the project in development. Solana's growth will also be driven in part by the Phantom wallet, which already has over 10 million users. It is also worth noting that this token offers faster and cheaper transactions, which, against the backdrop of Ethereum congestion, will play into its hands.
Participation in staking is a great opportunity to receive passive income from the existing cryptocurrencies in the portfolio. Especially staking is ideal for long-term investors who believe in the projects they invest in and do not plan to sell coins in the coming years.