The cryptocurrency market is currently experiencing a bullish trend, with prices rising across the board. Bitcoin, the largest and most well-known cryptocurrency, is up and is currently trading at around $21,500. Ethereum, the second largest cryptocurrency, is also up, currently trading at around $1,800.
Gnox, Aave, and Cronos are also performing well in August, and crypto analysts believe these tokens will make headlines during the August bullish trend.
Gnox (GNOX)
Gnox is the first protocol to offer yield farming as a service by imposing a buy and sell tax and allocating a portion of each token transaction to the creation of a treasury. The revenue generated by this treasury is transferred to token holders as stablecoin.
Gnox has turned a relatively complex procedure into a single investment vehicle. Because only the proceeds from the treasury are ever touched, the monthly reflection will always rise.
In the first two presale phases, the price of Gnox increased by more than 60%. Analysts attributed the price increase to the cryptocurrency’s solid development and strong passive income utility.
Aave (AAVE)
According to a governance proposal filed on Wednesday, Aave Companies has requested $16.6 million in retroactive funding from the Aave DAO for its work on developing Aave v3.
The for-profit company behind the Aave DeFi lending protocol is Aave Companies, while the decentralized autonomous organization that controls the protocol’s treasury is Aave DAO. It is managed by AAVE token holders. As previously reported by The Block, the DeFi lending platform launched its third version in March.
Cronos (CRO)
The CRO token is a utility token that can be used throughout the Crypto.com ecosystem. It is intended to aid in the development of a network of projects and the ability of merchants to accept cryptocurrency payments. The Crypto.com Chain is a high-performance native blockchain that will improve the security and efficiency of payments. It will enable seamless interaction between users and merchants.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
