Last bear market we had LINK being a top performer and actually gaining a lot of value during the bear market. In today's bear market, it seems that BNX is one of the tokens standing out.
With BTC trading in the red for over 9 weeks, most alts lost a huge part of their value. However, BNX seems totally unfazed by Bitcoin's bearishness and actually gained value.
The current BTC bear trend started in April. BNX gained around +30% since then. More importantly, the BNX/BTC value is continuously moving upward, showing that BNX is strengthening against Bitcoin, which is what you want to see when you invest.
It's gonna be interesting to see whether BNX will function as some kind of bear market hedge, or whether it's all temporary. For now, BNX is on my watch-list as it might actually play out to be one of the best alts to invest in during the bear market.
With BTC trading in the red for over 9 weeks, most alts lost a huge part of their value. However, BNX seems totally unfazed by Bitcoin's bearishness and actually gained value.
The current BTC bear trend started in April. BNX gained around +30% since then. More importantly, the BNX/BTC value is continuously moving upward, showing that BNX is strengthening against Bitcoin, which is what you want to see when you invest.
It's gonna be interesting to see whether BNX will function as some kind of bear market hedge, or whether it's all temporary. For now, BNX is on my watch-list as it might actually play out to be one of the best alts to invest in during the bear market.
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