During The Red Market: Get Rewards And Return To The Green Trend
Undoubtedly, 2021 has demonstrated the full power of the cryptocurrency industry. The infrastructure of the market has never been so stable, and experts predicted the the first coin’s price at $100,000.
The market was replenished with new participants and opportunities, truly proving its global significance.
But it all ended with the Christmas lights. The beginning of 2022 will forever be associated with a bearish trend for crypto enthusiasts. Bitcoin has been hovering around $40K for some time now, and altcoins are also staying in the red. It’s during the bears’ reign that many newcomers refuse cryptocurrencies.
Bitcoin price chart for a month
But most crypto owners who have been in the market for a long time know that there is no need to be negative about the current market state. They remember Bitcoin at $2,000 and crypto winter in 2018. Then they gathered their will into a fist and didn’t leave the industry, which had a positive impact on their results today, when the total crypto capitalization has reached $2 trillion, despite the fact that the main coin has fallen in price over the past few months.
In this article, you will learn about one of the ways to stay calm in the bear market and enter the green zone with new opportunities.
What is a bear market?
Before you find out the recipe for a profitable exit from the red market, you need to know what a bearish trend is.
A bear market is a market situation in which the crypto prices fall significantly compared to the recent period. As a rule, this is a consequence of a strongly positive market with high prices. During the red market, crypto owners are in a pessimistic mood and millions of dollars are leaving the industry. This may seem like a bad time for cryptocurrencies, but let’s face it — all markets go through periods of drought.
It’s best to stay positive at this time, no matter what. Moreover, there is a way to keep optimism.
Industry development brings new opportunities
In recent years, the crypto world has been rapidly developing and transforming thanks to new trends and inventions, but this is just the beginning. Blockchain technology has captured many industries and given rise to new products.
GameFi turned out to be one of the most progressive directions. Imagine that you play your favorite game and get tokens for it. GameFi is where DeFi meets the gaming sector, or where profitable financial solutions meet entertainment.
The game reward model is called play-to-earn and users of the Fairspin platform have already tested this possibility and continue to receive benefits in TFS tokens.
Fairspin players play their favorite games and earn cashback on every bet they make, whether they win or not.
The TFS token is the internal crypto asset of the Fairspin platform, which has successfully established itself as the most transparent gaming environment thanks to the blockchain technology integration.
At the end of last year, the TFS token was listed on the top DEXs — PancakeSwap and Uniswap. And now it is one of the most sought-after assets in the gaming sector due to the unique programs that operate in Fairspin.
One of these programs is Play To Earn, which we mentioned above. But the second program is no less exciting, as it’s closely related to the previous one and is an improved version of crypto staking.
Hold To Earn is a program to receive tokenized rewards for holding your assets for the period you choose. It’s simple: choose the holding period, the number of tokens and click Hold.
The amount of TFS you receive as your reward depends on Fairspin’s income and is independent of the cryptocurrency market. A user-friendly interface helps you to control your holdings and track the results.
Read a detailed holding guide here.
That is, everyone has the chance to receive tokens for games, put them on a holding and increase the amount of TFS on their balance, especially since this asset is a promising solution for a crypto enthusiast. The more tokens you get in Hold To Earn, the more prepared you will be for a market recovery.
A bear market is not a disadvantage, but an opportunity
Despite the red color of the charts, you now know that the bears don’t reign forever, and the market only intensifies and always shows growth in the long term.
Bitcoin price chart for a year
Hold To Earn is one of the surest ways to strengthen our position and get more tokens before we enter the green zone.
The crypto market is not good or bad, it simply reflects the global situation and each time it recovers faster and faster.