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It’s no secret that the crypto market is experiencing heavy headwinds right now. However, it’s looking like we are either at or near bottoming out. Here are three crypto assets to watch as the market levels off. Any of these three assets could easily survive this bear market and thrive in the coming bull run.
Bitcoin SV (BSV)
Bitcoin Satoshi Vision is a hard fork of Bitcoin that is dedicated to fulfilling the vision of Bitcoin founder Satoshi Nakamoto. While BSV is ranked #43 in terms of market cap, it still has a very respectable $1.3 billion dollar market cap.
More pressing is the fact that BSV is at its lowest RSI rating in several years — and by a long shot. In April of 2019, before the recent double-top bull run, the RSI fell to as low as 37 and recently hit a low of 30. Today it stands at 41 and rising.
BSV is faster and cheaper to use than the Bitcoin network with much more potential for use cases. In the meantime, there’s a court case that might (or might not) prove that the founder of BSV is justified in his claims that he, himself, is Satoshi Nakamoto. If he is successful at proving that he’s the mysterious developer of Bitcoin, BSV could strap on a few booster rockets and head for the moon.
Ethereum (ETH)
Ethereum is the mother of all smart contract blockchains. Although its performance has been lackluster lately, it still has the largest developer community of any cryptocurrency and by far the most use cases.
While Bitcoin is working to become a pure store of value — digital gold if you will — Ethereum is working toward becoming the backbone of Web3. Imagine if you could own a piece of the growth of Internet Protocol in 1985 and you get the idea of the potential of Ethereum.
Gnox Token (GNOX)
Gnox token is a cryptocurrency of a different color as the Wizard might say. It has one use case and one use case only. The developers call it “yield farming as a service.”
The idea of Gnox Token is to make yield farming super simple for crypto investors who don’t have the time to learn the ropes and babysit their positions. All of that work is done for GNOX holders by a team of experienced DeFi analysts. Holders of the token have the opportunity to vote on where the Gnox treasury is invested.
The treasury is funded by a 10% “tax” on all aftermarket sales of GNOX token. 60% of the tax goes into a common treasury for yield farming, 30% is used to maintain and promote the platform, and 10% is airdropped back to all GNOX holders on an hourly basis.
Profits from the treasury investments are kicked back to GNOX holders on a monthly basis. All holders share proportionally in the rewards.
Gnox is currently in pre-sale mode. The ICO is broken up into three phases. An allotment of tokens is set aside for each phase. At the end of each round, any unsold tokens are burned thus raising the price of the token. Then, upon launch, the remainder of unsold tokens will be burned. This assures that the earlier investors are rewarded the most and that there’s a fair launch.
Learn more about Gnox:
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
Instagram: https://www.instagram.com/gnox.io/
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