Negative sentiment has recently become a topic that is often discussed. This makes talk of tighter regulations, monetary policy, and accelerated crypto scams the reasons why the market is bearish.
However, many people forget to take into account that crypto prices and blockchain development are not closely related. In a bear market, blockchain projects have the opportunity to grow by finding solutions and innovations because, in this condition, they leave a strong community that will invest in the long term.
At first, the bear market sounded worrying due to negative sentiment and falling crypto market capitalization. But this time, we will discuss the good side of the bearish market. This is an excellent time for the development of a blockchain or crypto project.
Number of Scams Reduced
In a bear market, people become more cautious about investing and cause projects that have a bad reputation to lose power.
This has an impact on reducing investors who are victims of scams and making the crypto industry’s image back good. Of course, this has a good effect.
Of course, the safety of investors is essential. This bearish market condition reduces the number of scams, and it is profitable for developers, community members, and investors.
The Right Time for Expansion
Instead of a bear market condition of a project weakening, this is the right time to expand. Zhao, CEO of Binance, said Binance has plans to expand its reach by recruiting and striking profitable deals aggressively.
The same thing SeaDEX does. During this bear market, we still stick to our goal and focus on consistency. We still have opened recruitment and have launched our first regional expansion, SeaDEX Philippines.
The Community Will Become More Solid
In difficult times like a bear market, you will know who are the strong members of your community. Those who survive are the real supporters. In a bear market, the surviving community will learn more about your project and educate themselves on what will later impact confidence for the success of a project.
The best innovations are always created when there is pressure. All projects try to make innovations that catalyze a bull market when the time is right. Many large companies can expand their projects and invest further in Web3 and DeFi as the future of the internet and entertainment. SeaDEX also doesn’t want to be left behind. We are planning and developing the Mulitichain DEX Aggregator according to what we wrote in our new roadmap.
Crypto Winter Is The Right Time For SeaDEX To Grow
Every situation has challenges and opportunities. How we deal with the situation is our choice, and SeaDEX chose to see this bear market as an opportunity and a good time for us to develop our platform and stay true to our goals. We will stick to consistently developing and growing SeaDEX. Whatever the conditions, SeaDEX will continue to grow along with a solid community and investors.