The bears are in for a rude awakening. Bitcoin has been forming higher lows since the middle of June, and probability dictates that its drop to $17,800 was the macro bottom. With blockchain technology becoming more prolific and more major companies looking to utilise cryptocurrencies as a payment gateway. Digital assets are on the cusp of significant global adoption; when this moment happens, there will be no turning back, and investors will wish they had bought more at the prior valuations.
During these market conditions, the big winners are altcoins. A smaller market cap always means a greater chance for growth, which is why a new protocol launching on the BSC (Binance Smart Chain) next week is turning heads. Gnox (GNOX) has sold out of its presale phase, and this relatively small cap project heads to the open market with serious velocity behind it.
Gnox (GNOX)
Gnox is changing DeFi (decentralised finance) investment. Generating yields in DeFi has for too long been too complicated and time-consuming for many investors. Not only is the sphere filled with bad actors but also protocols that aim at value capture instead of value creation. Gnox is bringing a much-needed shake-up to the space.
The GNOX token serves as a single investment vehicle giving ordinary crypto investors the ability to generate yields. By deploying its treasury into long-standing DeFi protocols to earn, Gnox is paying out all token holders a monthly stablecoin reflection on top of the automatic hourly redistribution of GNOX. The developers have implemented buy and sell taxes to build a treasury fund that works on behalf of investors.
Binance Coin (BNB)
BNB continues to trade above $300, and this is no surprise. Being the utility token of Binance, BNB always enjoys positive price action with a boost in trading volume. The changing market sentiment could see BNB do very well over the next couple of months, and it is likely to tackle its ATH (All-Time High) of $690.
BNB has done an incredible amount for the crypto ecosystem as a whole and was a pioneer in making DeFi more accessible to ordinary investors.
Ethereum (ETH)
The Ethereum Merge to ETH 2.0 is something crypto investors have been waiting on for years. With a scheduled date for the 15th/16th of September, ETH’s price action has gone into top gear. With the Ropsten test run completed, it looks like the Merge will finally happen, and a new era of scalability will come to crypto.
ETH trades just below $1,800 and has no serious resistance until $2,200.
Closing Thoughts
With Gnox providing a low-touch passive income source built to grow with time and still being a relatively small cap, it is truly a crypto gem. And one heavily undervalued by the market. The launch price will likely be the last time investors can lock in a solid entry point.
Find Out More Here:
Join Presale: https://presale.gnox.io/register
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
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