GNOX, and the crypto markets, are slowly recuperating from months of recession. And it’s not just the crypto winter that’s to blame, a whole rigmarole of other factors comes into play.
Traders and investors are now looking for the most lucrative and promising cryptocurrencies and projects like the blue-chip GNOX.
With its impressive business model, many crypto experts are placing their bets on the token, a new breed of DeFi or smart money that is expected to eclipse APE and MATIC in terms of price gain.
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GNOX Pre-Sale Price Spikes 60%
Gnox is a revolutionary and user-friendly Decentralized Finance earning tool which comes handy even for beginners. Evidently, the token’s pre-sale price has spiked by 60% even if it hasn’t been launched yet.
Gnox is yet to launch in August 2022 but to date, it has already amassed hefty pre-sale gains matching the needs of private and institutional investors. Its massive growth even at a pre-launch stage is comparable to that of EOS and Binance Coin (BNB).
Gnox is definitely great fit for newbies in the DeFi space because its platform is made conducive to investors who are looking to create passive income from crypto.
APE And MATIC Enjoy Price Pumps
APE and MATIC are also enjoying significant price hikes as the Bored Ape Yacht Club APE token price increased by 20% which goes the same with Polygon’s MATIC price that jumped by 16%.
Polygon recently announced an ETH upgrade which gave MATIC increased momentum especially since it was also made public that the latter has been chosen to be a part of much-coveted Disney accelerator program.
These left and right collaborations and development paved the way for MATIC’s recent increase in price that soared by over 60% in the past couple of days. More so, MATIC has also grown rapid to over 126% as seen in the past making the token one of the high-performers among cryptocurrencies at that particular time.
Crypto total market cap at $1.03 trillion on the daily chart | Source: TradingView.com
The Promise Of Passive Income
Gnox promises passive income opportunities apart from ridding off middlemen in financial tractions. It’s also the first-ever protocol that has a treasury. It aims to simplify DeFi and make it easy-running for all investors; even for entry-levels.
For those with low-risk appetite, Gnox is a haven because this platform allow everyone to access lending and liquidity protocols without taking lengthy steps. The only requirement is to buy and hold GNOX and then start earning passive income out of it.
Apart from providing passive income, Gnox also aims to be platform for different DeFi activities. In the future, Gnox is also planning to launch NFT staking and a decentralized exchanged combined with an aggregator tool.
Once Gnox is launched, the protocol is designed to be 100% decentralized and with zero human intervention.
Featured image from Analytics Insight, chart from TradingView.com
Image and article originally from www.newsbtc.com. Read the original article here.