Place/Date: - July 6th, 2022 at 10:44 am UTC · 3 min read
Prevailing market conditions are every experienced investor’s dream. The market is flooded with brilliant crypto projects, all massively undervalued, and it is the accumulation opportunity of a lifetime. Novice investors are feeling fear, and rightly so; watching a portfolio go down by 80% is a dreadful thing. But now is the period for investors to bring down their average cost and lock in huge gains when the inevitable market reversal arrives. This article features three crypto projects every investor should be buying in the current market conditions.
First on the list is Gnox, an unseen type of reflection token that will pay its investors stablecoin reflections and undoubtedly spawn imitations. The premise behind Gnox is, at heart, egalitarian; it aims to make DeFi (decentralized finance) earning easy; it makes DeFi more accessible to the ordinary investor. GNOX’s tokenomics feature buy and sell taxes used to build a treasury fund that is then utilized on behalf of investors to generate yield.
Gnox is a protocol tailored for long-term holders; as the months pass and the treasury fund accrues, so will the stablecoin reflections. This passive income stream will make GNOX highly desirable, and the potential upside for this token is vast. Investors should accumulate now.
One of the fastest-growing layer one protocols, Fantom, is devouring Ethereum’s market share of TVL (Total Value Locked) in DeFi. The Opera network has gone from strength to strength, luring many talented developers to the network who have built some of the most unique and profitable Dapps (decentralised applications) within crypto. The Opera network is already lightning-fast, but with the introduction of Tomb Chain, bringing optimistic rollups to the network and introducing a layer two solution, the network seems primed to explode in size again.
FTM, the native token, is notorious for its volatility. Trading now at $0.25, the token has violently rallied and retraced multiple times. Undoubtedly, FTM will benefit and become an integral player as DeFi continues its expansion and grows its range of financial services. With a prior ATH (All-Time High) of $3.40, investors should buy now to lock in obscene gains when the market reverses.
The Solana network is part of the next generation of layer one projects collectively dubbed ‘The Ethereum Killers.’ Solana’s developers prioritised speed above all else, and as a result, Solana is one of the cheapest and fastest networks available. Solana features its unique ecosystem with popular protocols such as Solend, a DeFi lending protocol that allows investors to generate passive income.
SOL is a token that investors would be foolish to miss. Trading just above $31 currently, this token put itself in the history books with its enormous rally in 2021. Shooting all the way up to $260, investors who buy now look to secure at least an 8X when SOL reclaims its ATH, but with the strength of this network, there is no telling how high SOL can go during the next bull market cycle.