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The bear has arrived. Many investors are panicking watching the world slide into a global recession. However, there are lots of investors dancing with joy at the idea that so many assets are on sale.
Global supply chains are currently crippled by China’s Zero Covid Policy and harsh lockdown measures, the prices of commodities such as grain and oil are soaring, and inflation seems to be galloping faster than anyone anticipated. With rising interest rates tech stocks have crumbled being seen as high-risk gambits, and at the top of the list of high-risk assets is cryptocurrency. The market has witnessed a huge sell off and the total market capitalisation currently stands at $1.2 trillion down from highs of $3 trillion in November 2021.
For the long-term investor, the market prices are a once-in-a-lifetime opportunity to build lasting and enduring wealth. For those with brave stomachs, the next bull run will be a time of enormous gain.
Bitcoin (BTC)
Bitcoin has been trading in a band between $28,000 and $31,000 for the past month. Down from its ATH (All-Time High) of $69,000 in November 2021. Bitcoin continues to trade well below the 200-day moving average and historically this has always represented the best time to buy bitcoin. Bitcoin appears to be consolidating and the longer the consolidation phase the more aggressive the move upwards. For investors with a long-term horizon, Bitcoin for $30,000 seems to be an almost criminally low price. This was best highlighted when in early May the Luna Foundation flooded the market with Bitcoin, all sell orders were eaten up by the market- verifying that people are busy accumulating at this price.
Ethereum (ETH)
Ethereum currently trading close to $1,800 down from an ATH (All-Time High) of $4,800. The second-largest crypto by market cap and the project which paved the way for DeFi. Ethereum is scheduled for its Serenity upgrade this year which will move the network from PoW (Proof of Work) to (Proof of Stake) making it faster and more environmentally friendly. This upgrade will cause Ethereum’s price to rocket; investors should accumulate whilst they can.
Gnox Token (GNOX)
Gnox is the first token to offer yield farming as a service and many analysts have pinned the token to have explosive growth. When asked about why almost all analysts pointed to the fact that the token has a treasury feature that is tailored to grow over time and deliver greater and greater reflections to token holders over time. The fact the protocol generates passive income in stablecoin for its holders during a bear market makes it a highly valuable asset for any investor’s portfolio.
Gnox is now in its first presale phase which gives early investors a 20% token bonus and has already seen its price soar by 52% following the team completing KYC procedure. Analysts state now is the time to accumulate.
Solana (SOL)
SOL the native token of the Solana network had by far one of the most amazing runs of any crypto within the space. At the start of 2021 SOL traded at around $2.50 and was trading north of $250 at its peak. Many investors are loading their bags with SOL and waiting for this beast of a crypto to rally again. SOL suffered a retracement of 85% and is currently marvellously priced for the investor with a long-term horizon.
Find Out More Here Join:
Presale: https://presale.gnox.io/register
Website: https://Gnox.io
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