Crypto winter has arrived. Many investors who bought in at the highs of November last year watch their portfolios plummet in value and are rudely awakened to the reality of crypto. For investors who can stomach their emotions and drum up the courage to invest, the current period offers an opportunity to sow the seeds for life-changing wealth in the next bull market.
This article features a new crypto project, GNOX, set to compete against the giants. All three projects mentioned in this article are touted to change the lives of investors brave enough to accumulate at current prices.
Gnox Token (GNOX)
Gnox represents the first of its kind. A protocol handbuilt to favour long-term investors with a treasury designed to grow over time and generate an increasing passive income stream for its investors. Scheduled to release at the end of Q2 on the Binance Smart Chain (BSC) many are curious as to whether this project can outperform some of the crypto sphere’s most potent growers.
How Will Gnox outperform Fantom & Solana?
Gnox is the first protocol to offer yield farming as a service and investors currently have the chance to join the protocol at the ground level with its initial presale being conducted now. GNOX features a buy and sell tax and a portion of every token transaction goes toward building a treasury. This treasury is then deployed in DeFi protocols and the yield it generates is distributed in stablecoin amongst token holders. Gnox has taken an incredibly complex process and transfigured it into a single investment vehicle. The principal of the treasury is never touched, only the proceeds, theoretically meaning that the monthly reflection will continue to grow and grow. Analysts have weighed in on the token and expect it to have violent growth throughout 2022.
SOL the native token of the Solana network had one of the most frenzied runs of 2021. It began the year trading at around $2.50 and eclipsed $250 at its peak. Many investors made insane returns, however, what comes up must go down and SOL has suffered one of the largest retracements amongst altcoins down more than 85% from its ATH (All-Time High). The Solana network suffers from downtime and this has scared some investors away. Currently trading at $40, many investors are buying, just to reclaim its old ATH would net investors a 6X on their investment.
FTM is part of the next generation of layer one protocols collectively dubbed ‘Ethereum killers’, Fantom network has competed with some of the best projects in the ecosphere and come out on top. The Opera network has seen huge success within the DeFi sphere with many Dapps (decentralised apps) moving to the network and quickly devouring other chains’ TVL (Total Value Locked). FTM is famously an incredibly volatile token shooting up and straight back down. If it continues to focus on bringing more and more Dapps into the ecosystem and growing organically Fantom can perhaps set its sights on breaking into the top ten. Currently trading at $0.34 many long-term investors are loading their bags.
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