Introduction
Like the saying goes, Bull markets create wealth. Bear markets create fortune. Even in the midst of a major market slump, certain cryptocurrencies maintain their worth. These frequently correspond with market segments that are experiencing rapid expansion as coins and tokens.
Cryptocurrencies employed in the online gambling and video gaming industries, for instance, have done well despite market downturns. DeFi-related coins, fan-based NFT markets, cross-chain communications, and other applications are all worth looking into, especially if you have in-depth understanding of how a certain market segment operates.
Bear Market
Think Beyond the Price
In a bear market, a cryptocurrency’s purchase price may decline, but holding the coins or tokens may still be profitable. The average bull market’s price increases endure six years on average and result in a cumulative return of more than 200 percent. Bear markets typically last 18 months or less and cause losses of 39% on average. If you own a business in crypto during the best market, this might be the best time to start building.
Additionally, time in the market, not market timing, is a key component of crypto marketing. In order to not only survive but also grow during bear markets, it is essential to develop a long-term marketing strategy. By offering you a less chaotic environment to stand out and enhance your marketing plan, bear markets give you a tremendous opportunity. Here are some tips for enhancing your marketing approach during a bad market.
Where in a bear market should you focus your marketing efforts? Influencer Marketing
As popular social media platforms like Twitter and Facebook do not allow paid ads for cryptocurrency marketing, people have turned to influencers to learn more about a crypto or NFT project. During the bear market, when it’s quiet, influencers themselves do not have much “advertisements” as well as projects tend to slow down on their efforts to expand. This might be the best time to engage them at a better negotiated rate to create more buzz in the space as it’s all quiet and dull.
Bear Market
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Bear Market
Summary
Cryptocurrency Bear Market Marketing Strategies
Bear markets present some fantastic chances for crypto marketing. We know what it takes to market your project during the bear market. Work with us and we’ll propel your project and be ready when the bull arrives. If you need a crypto marketing agency to do the work for you, book a call and contact us at Crowdcreate. Or get access to our do-it-yourself crypto influencer database
