Home
News
Many crypto analysts forecast that the current bear market will be the worst bear market ever experienced by the asset class. As the macroeconomic environment shifts to risk-off, crypto-assets classified as highly speculative assets are being sold off rapidly. This selling pressure is driving falling prices even lower. The crypto asset class has existed during a historic bull run, and it is the first time that Bitcoin and other digital assets have experienced a recession. No one knows how bad it will get, but the general consensus is that lower lows are coming.
However, due to the sheer scale of the crypto markets, there will always be projects that buck the trend. This article features one such crypto that continues to appreciate despite current market conditions.
Gnox (GNOX)
Gnox has soared more than 60% recently, and the signals indicate that this upward movement is only the beginning. Launching in Q3 on the BSC (Binance Smart Chain), this protocol aims at DeFi (decentralised finance) earnings and making them more accessible to the ordinary investor. The developers have pioneered a new strategy called Hold To Earn. They are distilling the complex process of DeFi investment into a single investment vehicle.
Early investors partaking in the presale have realised the passive income opportunity Gnox represents. With buy and sell taxes implemented for the benefit of the investors, the protocol’s treasury which pays out a monthly stablecoin reflection is set to grow over time. Resulting in greater payouts, and when the market prices in this stablecoin reflection, Gnox will shoot upwards again.
Solana (SOL)
The Solana network went live in March 2020, and this blockchain built around speed quickly became an established player with an obscene rally throughout 2021. Solana utilises its own Rust programming language and offers a genuine alternative infrastructure for developing DeFi applications. Utilising its unique PoH (Proof of History) consensus mechanism, the Solana network delivers incredible throughput and is undoubtedly one of the faster layer one protocols in existence.
It truly is a scalable network that can support high growth and high frequency, making it a viable alternative financial system. SOL now trades at $35.50, suffering an 85% retracement from its prior ATH (All-Time High), and many investors are wondering if now is a good time to pick up this great crypto at a discount rate.
Axie Infinity (AXS)
Axie Infinity is one of the pioneering forces behind the popularity of the play-to-earn NFT gaming model. Players purchase NFTs known as Axies in this pokemon inspired world and can breed, battle, and raise their virtual pets.
AXS is the token which powers the ecosystem and is used to make purchases within the game. It is also the governance token and a token that allows users to earn great APR outside of the game. On Binance, holders can earn 120.69% APY with the 90 days locked staking programme. AXS currently trades at $14.12 and seems to be a great buy opportunity for investors looking to generate yield.
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
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
