The Tech Quiz - Season 28

Hello everyone,
It's your favorite Steemian @rakiya from Nigeria and I'm delighted to join in this contest organized by @malikusman1 in this noble community today. It's a wonderful contest and I love to share my participation in it.

What is bull run?

In the crypto space, there are two types of market movement and that is the bull market movement and the bear market movement. So with that in mind, we can say that bull run is a market movement in the cryptocurrency space.

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Bull run refers to the upward movement of the prices of cryptocurrency to an all-time high. This means when a crypto asset moves from its initial position to a higher position we can say that crypto has experienced a bull run.

Often bull run is usually experienced after the halving of cryptocurrency like Bitcoin and that was the reason we have expected the bull run ever since before or after the halving.

So when the price of an asset continues moving in an upward direction we can say that the market at that time is experiencing a bull run. These happen with Bitcoin and altcoins alike.

Tell us some benefits of bull run.

There are many benefits associated with bull run and I will be listing some of them in the paragraph below.

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Bull run enables us traders and Steemians to make good money in the crypto space because of the rise in the price of the assets.

As a Steemian, bull run helps us to accumulate more SP because of the printing of SBD.

The bull run also allows us to know about many other Crypto-assets as they are mostly listed during this period.

Share 3 coins that can perform well in this bull run and also tell us the reason.

Steem: One of the cryptocurrencies that will perform well during this bull run is Steem. Based on the mechanism put in place by the Steemit team which helps to reduce the amount in circulation, I believe that Steem will do well.

The burnsteem mechanism is a very good approach that will go a long way to push the price of Steem during this period. Also, the use case of Steem is becoming increasingly high and for that reason, I believe Steem will do well.

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Bitcoin: We have seen a tremendous rise in the price of BTC recently and that shows that Bitcoin is already doing well in this bull run. We know that Bitcoin is the first cryptocurrency in the world and a raise in it means a raise to other coins.

People believe more in the project and they put more money into it and that is why we have seen much rise in it recently. When the demand for the asset is much we see a good rise in the price.

Solona: This is another crypto asset I trust more and I believe it will also do well during this period. I have seen recently so many projects coming out from this very blockchain which means the use case is getting much by the day.

So when a project has many uses you will notice that the project tends to do more. So that is the main reason why I have selected it as a project that will do well in this bull run.

I want to invite @jasminemary, @owulama, and @josepha to join the contest also.