Place/Date: - July 27th, 2022 at 11:08 am UTC · 3 min read
Bitcoin has broken out of its downwards trend and has begun its climb towards critical levels of resistance. If Bitcoin can break out above $24,000 and remain above the 50-day moving average, it could start a reversal. This fresh rally is giving many investors hope, and they are beginning to diversify their investments to secure maximum gains from this new market trend. This article features one crypto project that is drawing investors from other protocols.
Gnox is drawing investors from across the sphere and has entered its final presale stage. The momentum is building behind this project, and if this market sentiment remains, it will enter its price discovery phase in a bullish trend. The outcome is likely to be a swift climb, and looking at the protocol’s mechanics shows why it is drawing investors.
Gnox is a passive income stream that simplifies DeFi (decentralized finance) investment. The protocol features a treasury deployed within DeFi protocols to earn on behalf of the investor. Funded via buy and sell taxes, this fund is built to accrue constantly, and will deliver a monthly stablecoin payout to GNOX holders. This project has all the hallmarks of a protocol designed for long-term investors, and its simplicity is gathering investors looking to generate residual income.
The governance token of one of the most influential DeFi platforms, Uniswap, pioneered the way for DEXs (decentralised exchanges), introducing automated market makers, solving liquidity issues and allowing for greater swapping efficiency. Uniswap has a massive trading volume, and its liquidity is sufficient to rival most centralised exchanges.
UNI trades at $7.35, and holding the token represents the ability to shape the future direction of the protocol- a highly attractive proposition.
SHIB solidified itself in the history books as one of the most profitable investments in 2021, enjoying an enormous rally. Many SHIB holders wait for the next rally and have begun to stake their SHIB on ShibaSwap, the native exchange for the token to generate rewards and build their stack.
The Shiba Inu project continues to burn a massive amount of tokens, sharply pushing its supply down, which will inevitably push its price up. And it is priming itself to enjoy explosive growth in the next bull market phase.
The original ‘Meme coin’ launched in 2013, forked from Litecoin, DOGE has survived numerous market cycles and stands in the top ten ranked by market cap. This coin that started as a joke has delivered a fantastic performance and made many investors wealthy.
DOGE enjoyed a massive surge when eccentric billionaire Elon Musk took to Twitter and announced it was his favourite digital asset. DOGE now trades at $0.06, and another tweet from Musk combined with bullish sentiment could send this token into the stratosphere.
Why has Gnox attracted investors from other projects? Gnox offers a low-touch source of passive income. With its orientation towards growth, many investors are taking the opportunity to lower the stress of managing DeFi investments and letting Gnox do the hard work.
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