Three DeFi Projects Investors Should Watch This Bear Market: 1 inch Network, Curve DAO Token, and Revolutux
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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) 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
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