With the crypto market’s $2 trillion crash, many investors are faced with losses and are desperate to recoup their money. This market downturn is not unique to the crypto space, however, and many other industries are affected. As such, the sad state of crypto investments is expected to make a recovery, though it may not come as soon as investors would like. In the meantime, it is crucial for investors to maximize their gains by betting on cryptos that offer yields.
Gnox is a new DeFi solution built on the Binance Smart Chain (BSC). Its native token, GNOX, carries its own value and can be used to pay for transactions. But what makes Gnox a haven for investor gains is its “yield farming as a service” feature. This service makes DeFi earning more convenient and less intimidating, especially for someone who is not an investment expert. The Gnox platform can therefore help bridge the gap between cryptocurrency and fiat use.
With this overarching goal in mind, GNOX has been demonstrating an exceptional price jump. In the same month, the token’s price grew from 60% to 63%. Investing in this platform will only result in bigger gains, especially upon its market launch.
Fantom is a blockchain platform for crypto DApps and enterprise solutions. DeFi users celebrate this platform for being highly scalable, enabling fast transactions and payment processes while ensuring network security. It therefore remains to be a popular pick among investors, as evidenced by the increasing volume of users joining its community.
Its native token, FTM, has been moving on a long downward trend over the last two months, experiencing very sharp falls since May. However, the coin has been performing much better recently, achieving a 45% price growth over the last two weeks. We are seeing a recovery for this token, albeit a slow one. The price of FTM went from $0.22 and spiked to $0.31. As of this writing, FTM was trading at $0.28. This behavior reveals a potential break from the bearish sentiment, at least for this coin.
Another top cryptocurrency that is making gains despite the bearish market is Solana’s coin, SOL. With Solana recently announcing that it was developing its own mobile device called Saga, investor excitement is surrounding SOL. This device is intended to support the DApps relying on the Solana platform and will ideally promote accessibility and utility of the protocol.
Moreover, Solana’s mobile device will support NFT transactions, potentially transforming it into a strong contender in this digital asset space. Saga is set to be shipped to consumers by the first quarter of 2023. Solana’s continuous efforts to create competitive advantages for their platform will generate gains for investors.
The crypto market is far from recovery, but with such a devastating crash, investors who are loyal to crypto believe that there is nowhere to go but up. While we wait for the market to make a full recovery, opportunities for small and consistent gains should be optimized.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Credit: Source link