Contest Alert || The Tech Quiz - Season 28 ||

in Steem4Bloggers6 months ago
What is a bull run?
A bull run is a financial term in which In which the stock market continues to rise, in which investors make their investments in the market, when investors enter the market, everything increases, which reduces supply and increases demand, as well as when there is a bull run. Investors expect more profit from which, for example, any investor who has invested one dollar, then he expects to get a profit of up to hundred dollars in return. This is called bull run. This is the only stage. It happens where investors are not afraid to make their investments .Due to which the market gets more momentum.

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Freepik

Mention some advantages of bull run.

A bull run can have many benefits, some of which I will share with you.

In terms of the first benefit, bull run results in continuous price increases that benefit investors.

If we talk about other benefit of bull run, due to bull run companies benefit as if any commodity is bought today, it is expected to go up to rate 2X in bull run in which companies benefits to an extent

As for the third benefit of a bull run, in which the confidence of investors increases, due to which investors invest more, due to which the rate of things also increases easily.

Share 3 coins that could do well in this bull run and explain why?

In the bull run, I will share with you three coins that can perform well during the bull run.

1.Bitcoin.

In this if I talk about the first coin then it is bitcoin which is the first cryptocurrency coin due to which if we talk about supply bitcoin is very less 21 million supply which is more than market supply. It cannot come and if we talk about the supply in the market so far, then 19 million has been supplied but the rest of the supply may take 50-60 years to come to the market, so day by day people are accepting this coin which The rate is increasing due to.

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Freepik

2.Eth.

After that I will talk about the second currency which is called Ethereum which is also a cryptocurrency and also acts as a platform.
In addition, Ethereum supports decentralized exchanges and smart contracts, so people trust Ethereum more, which can increase its price in a bull run.

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Freepik

3.BNB

In this I will discuss the third number BNB which is Binice's own currency which is also used in Binice to pay gas fees and also for various decentralized apps. Due to which people trust it more and also it can be more accepted due to the increasing popularity of Binance which is increasing day by day.

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Freepik

I invite @kashif5088,@aliraza880,@shoaib5100 @shahidalinaz to participate..

Special Thanks To

@malikusman1
@steemdoctor1

Best Regards By

@azeem22

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