What crypto projects will prove viable even in a bear market?
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The bear market is upon us and in full force. These market conditions are the make or break time for tokens and the companies in the crypto space and many retail and institutional investors.
What sets apart? Utility. For instance, among our partners, 20% believe the function of transferring money using crypto technology will be relevant regardless of market sentiment.
Mercuryo’s report Opportunities in a Bear Market: Proof of Viability delves into what happens when price action is no longer a contributing factor to a project’s success and the fundamental functions that will ultimately outweigh a red graph.
• Among our partners, 20% believe the function of transferring money using crypto technology will be relevant regardless of market sentiment;
• 51% of businesses who deal with digital currencies in the US transfer funds using crypto to their partners or suppliers;
• 13% of our partners believe programmable employee payroll will always be an exciting utility of crypto. The following finding that 32% of survey respondents in the UK and 42% in the US are potentially ready to start receiving their salary in crypto supports this.
Find out what other crypto opportunities will prosper during a bear market.