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Thousands of cryptocurrencies are populating today’s market but, in reality, only a few will attain significant investment returns. When choosing which coins to invest in, it might be worth looking at those still in their preselling stages. And according to analysts, one coin that is about to enter the market – GNOX – could achieve a 20x launch price, outperforming well-known coins like FTM and DOGE.
Gnox (GNOX)
Gnox has been gaining a lot of traction even before its launch date, as it has a unique approach to providing benefits and passive income for early investors and newcomers to investing. It imposes a 10% tax on transactions, a portion of which is distributed to all token holders. It also maintains a treasury that could be used to acquire assets and generate yields for investors.
As such, we are seeing an upward trend in its presale price. During the first few weeks of the presale, the price of Gnox increased by 50%, reaching 52% in May 2022. By June, the price grew to 60%. Recently, the token has achieved a 63% price growth. These increases are worth the attention, considering the coin is still in Phase 2 of its presale period. With this performance, the token’s initial capital could multiply up to 20 times upon its launch in August.
On July 12, Gnox will begin Phase 3 of its preselling, which means there is still an opportunity for early adoption of this token.
Fantom (FTM)
Known for offering fast transactions at low cost, Fantom is considered by some to be a rival to Ethereum, which has a relatively high cost per transaction.
The presale of Fantom’s token, FTM, included a Seed Sale and two rounds of a private sale. During its Seed Sale, FTM’s price was $0.016. This amount increased to $0.031 per FTM during its Private Sale I and increased further (but only slightly) to $0.035 per FTM during its Private Sale II. The preselling period of FTM took place in 2018 and the coin was finally launched in December 2019. However, FTM actually gained significant market traction only in 2021.
DogeCoin (DOGE)
DogeCoin may be one of the most popular coins in the market right now. However, when it was launched in December 2013, DOGE had a price of only $0.0005588. A year later, its price dropped to $0.0001882. It was only in April 2017 that DOGE’s price was able to go up to $0.0007463.
Because of its ease of use, many people began to prefer DOGE over Bitcoin and it became one of the most searched cryptos in 2021. In recent months, DOGE’s popularity reached new heights when SpaceX announced it was launching a space mission funded by this token.
Final thoughts
Knowing when and where to invest is key with so many coins and tokens in the crypto market. And coins like Gnox, which point to a strong launch, present an excellent opportunity for achieving gains that exceed what coins like FTM or DOGE were able to do during their early stages.
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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