The year 2022 was a challenging period for the cryptocurrency industry. When the market collapses sharply and does not recover shortly, that is called a bear trend. Investors massively leave the market selling their assets, and crypto rates drop, leading to decreasing demand, which, in turn, lowers prices further, creating a vicious circle of declining demand and falling rates. However, it is not the first time the market has lived through the bear trend. Every time a bull trend replaces a downward tendency, spurring investors’ inflow.
Experienced crypto traders and investors say it is better to buy crypto when the market is at its bottom to make a fortune when the bull rally begins and prices soar. What crypto to pick in this case? We recommend considering crypto coins released by large and credible crypto exchanges, for they have big chances to grow in value in the future. For example, Binance Coin or WhiteBIT token. Probably everyone has heard of the BNB coin, so we would rather discuss the less known but not less promising WhiteBIT token. Let’s see what benefits it brings and why the WBT price will grow.
Advantages of Buying WBT
WBT is a native token of the WhiteBIT exchange used by millions of crypto traders worldwide. The token bridges the platform with other projects and products developed on the WhiteBIT platform, and that will be developed on it in the future. WhiteBIT welcomes new promising products and is open to cooperation. So new projects can use the WBT token for building their products as well.
The token is already traded with other crypto coins, such as WBT USDT. Here are the benefits of the WBT crypto:
- WBT holders get discounts for trading and additional earning options on the platform;
- token holders that take part in the affiliate program receive additional bonuses;
- the token emission is limited;
- every week, a part of tokens is burned to support the demand and value of a token;
- Some of the tokens bought are locked on the exchange and will be unlocked during the next 5 months.
All these mechanisms help maintain the level of the WBT price. As of mid-November 2022, it is $5.32. Since the market has dropped this month, it is not surprising that the WBT value decreased. Now it is a good opportunity to invest in cryptocurrency and hold it until the market trend changes. Or you can take advantage of the WBT token holding and trade on WhiteBIT at zero fees.