Bear market survival strategy: Trading hot tokens for crypto incentives

in hive-175254 •  11 months ago  (edited)

The financial markets are typically unpredictable, this implies that quick spikes can also be followed by sharp dips. This is the same in the crypto market where several coins have significantly risen to the peak over the last few years but have lost massive values in recent times as a result of the rough bear market.

However, even though the crypto market is bearish at the moment, there are still endless opportunities. Having that mind, I’ve come to unearth one while researching hot tokens to trade this period. Cryprocurreencies like EGLD, KAS, MEMECOIN, MTL and SNT have been red-hot so I was excited to learn that in addition to the profit I could amass from trading them, I could also gain incentives while trading them on Bitget.

Interestingly the exchange launched an event tagged ‘Hot Coins Event Round 4’, I may not have been happy to know that rounds 1-3 have been held and I missed out, but better late than never they say. Thankfully I have from now till Nov 14 to participate and I’m going all in for a bite in the 10k BGB and 10k USDT reward pool.

Are you currently trading any of these hot tokens?

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A week ago, i traded MEMECOIN on the exchange. I was drawn in by the reward set aside for traders.
I have been on the look out for opportunities to soften the blow of this bear market, so this information on the hot coin event is timely. How can i have partake in it?

Experiencing a decline in coin price following a rapid surge is a common occurrence, as traders often become uncertain about the sustainability of the trend and tend to capitalize on profits. Seasoned traders actively engage in cryptocurrency events to promptly benefit from them. The mentioned coins benefit from strong community support, propelling them toward the top rankings, and they enjoy favoritism from leading exchanges that choose to list them.