Place/Date: - July 21st, 2022 at 9:27 am UTC · 3 min read
Whale watching is becoming more prominent within the crypto sphere, and for a good reason. Following smart money is a great way for the ordinary investor to get ahead. Whales are busy accumulating, buying up vast amounts of crypto, and that’s because they know that a market reversal is coming. The current state of the market represents an enormous opportunity for ordinary retail investors, and buying discounted projects now, will help these investors build their wealth. This article features three crypto projects to help investors on their path to building generational wealth.
First is Gnox. A project offering yield farming as a service and one that represents the next generation of reflection tokens. Gnox is slated to launch in Q3 on the BSC (Binance Smart Chain) and has just closed an incredibly successful second presale stage where all tokens sold out. Gnox is set to launch on the open market with momentum behind it and no psychological levels of resistance, meaning that it will be entering price discovery in bullish sentiment.
But Gnox has been selected for this list because the market has not understood the protocol’s mechanics. Gnox is built on a foundation of providing passive income and making DeFi (decentralised finance) earnings easy and accessible for every investor. An investigation shows that the project has been built to favour long-term investors with its buy and sell taxes funding its treasury. The treasury is responsible for generating stablecoin payouts for investors. Once the market recognises the passive income potential of Gnox, it will move sharply to the upside.
The Solana Network went live in 2020, and the native token SOL was launched via ICO (Initial Coin Offering) for $0.22 per token. SOL trades at $42, down from its ATH (All-Time High) of $260 in November 2021. These are impressive gains, but SOL is a token with obscene untapped potential.
The Solana network was built entirely around the concept of speed and is one of the fastest blockchains in the crypto space. It has addressed the issue of scalability that limits other blockchains. The Solana network is the infrastructure that can accommodate millions more users and will undoubtedly become one of the blockchains of tomorrow as adoption rates swell.
The brainchild of Charles Hoskinson, the Cardano network launched in 2017 and is currently approaching its Vasil upgrade. The Vasil upgrade will be the most comprehensive update to the network since the Alonzo upgrade, which brought smart contract capability to the network. As a result, whales have been busy buying ADA.
Cardano is a network that has gone from strength to strength, with more than three million unique wallet addresses, this network and its ecosystem continue to expand daily. ADA trades at $0.48 and is another blockchain that will play a vital role as blockchain technology becomes more prolific within the financial framework.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.