June has been a depressing month for investors across the board: bond yields are down, the NASDAQ has posted losses, and Bitcoin has tanked. Many investors are searching for projects to help them weather the storm against the coming global recession forecast by leading economists. The good news is that regardless of prevailing market conditions, there will always be projects that perform. This article features two hidden gems that could net investors considerable returns in the following months.
Gnox is the first pick. A unique protocol that will make DeFi (decentralised finance) earning easy. Slated to launch on the Binance Smart Chain (BSC) later this year, Gnox is taking no notice of the current bear market and has posted gains of 60% in the last month.
Currently, in its presale phase, Gnox promises to be the first project to offer yield farming as a service and pays investors in stablecoin every 30 days just for holding GNOX. This is made possible by the protocol’s treasury, funded by buy and sell taxes. This capital is deployed in DeFi protocols and used to generate yield. It is the first project to feature a treasury designed for the investor, and given the fact that the principal is never touched, only the proceeds, Gnox could become a passive income machine.
Investors wait in anticipation to see how large these stablecoin reflections will be. With a constantly accruing treasury, these reflections are highly likely to grow, leading to greater demand for GNOX and the passive income stream it represents. In turn, causing the price to rally. This is a token that investors should watch and has massive potential to the upside.
FTM, the native token of the Opera Network, is the second pick. This gem is one of the most volatile crypto projects within the top 100 ranked by market cap, with massive potential to the upside. Fantom has seen massive success in DeFi, quickly establishing itself as a favourite amongst developers and investors. Currently ranked eighth by TVL (Total Value Locked), the go-to metric for understanding the size of a blockchain’s ecosystem.
Fantom features some of the most exciting DeFi projects on its network due to the Fantom Incentive Programme. Fantom became the first network to reward developers building on the network, leading to an expanding and organic ecosystem unlike any other available in the DeFi space.
Now trading just below $0.30, FTM offers incredible value to investors. Fantom was undervalued at its ATH (All-Time High) of $3.40 when measuring the market cap relative to TVL, meaning that currently, it is one of the most underpriced crypto projects on the market. Just to reclaim its prior ATH would see investors generating an 11X on their investment, and FTM has so much further to go being one of the best available layer one projects. There is no mistake that FTM is a true crypto gem.
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