It appears that the globe has entered a period of protracted market decline and many economists speculate that a global recession is coming. During these times, investors would be wise to diversify their investments, reducing their overall risk whilst boosting the potential for overall return. Not every crypto project will survive this bear market; most projects will never again reclaim their ATHs (All-Time Highs), and many will die in this bear market.
This article features three crypto projects to help investors spread their risk to weather the coming bear market.
Gnox is a unique type of reflection token currently in its presale phase that has been called ‘Bear market resistant’ by several crypto analysts. Despite still being in its presale phase, the token’s value has appreciated more than 60% due to the protocol’s dynamic pricing model and a huge token burn event announced by the developers.
Gnox is offering its investors exposure to DeFi investment and is the first protocol to offer yield farming as a service. The project’s tokenomics feature buy and sell taxes of 10% on every token transaction, with 1% being automatically redistributed to token holders every hour and 6% going to the accrual of a treasury fund. This treasury is then employed in DeFi protocols, and the generated yields are split amongst GNOX holders every 30 days. The protocol offers an easy revenue stream for investors that pays out in stablecoin, making it a precious asset during a bear market.
Shiba Inu (SHIB)
Created in 2020 by an anonymous entity named Ryoshi, SHIB was launched to compete with the highly popular ‘meme coin’ Dogecoin. Many investors would ignore this coin but fail to pay attention to the behavioural economics at play within the crypto community. Hype can be, and often is, more important to investors than fundamentals. However, the SHIB team have developed an ecosystem that includes the popular platform ShibaSwap where investors can provide liquidity and stake their tokens to generate returns. This shows a community exists, backing and hoping for this token’s revival, and a project with a strong enough community can perform incredibly well.
Currently trading at $0.00000945, down from its ATH (All-Time High) of $0.0000845, if SHIB can rally again and put in a new ATH, it would net investors a hefty 8X at least.
Bitcoin Cash (BCH)
Bitcoin Cash is a hard fork of Bitcoin that arose due to concerns about the scalability of Bitcoin. The Bitcoin network can only process between three and seven transactions per second. Bitcoin Cash drastically increased the blocksizes facilitating a far higher TPS, making BCH better suited to transactions.
Bitcoin Cash offers a payment system cheaper and faster than Bitcoin, with near-instant settlements totalling fractions of a cent. For investors who believe in the continued proliferation of crypto into the mainstream and the need for a scalable payment system, BCH is a great investment choice.
Find Out More Here:
Join Presale: https://presale.gnox.io/register
This news is republished from another source. You can check the original article here