The DeFi platform known as Gnox sold out its previous presales in record time, with buyers snapping up all of the available coins in just a matter of days. The demand for Gnox appears to be higher than ever, with people eager to get their hands on digital currency. While the price of Gnox has increased over the past two months, it still has a lot of upside potential due to its strong passive income utility.
Avalanche (AVAX) and Polygon (MATIC)
Avalanche price analysis shows that AVAX prices are currently in bearish market sentiment. Prices have been in a downtrend for the last few weeks and have currently found some support at $22.99.
At the time of writing, AVAX was trading down by 0.60 percent at its current price of $23.39. The cryptocurrency has a total market cap of $6.63 billion and is currently ranked at number 44 on CoinMarketCap’s list of largest cryptocurrencies by market cap.
On the other hand, the Polygon network continues to see impressive growth within its ecosystem. Just a day ago, the Polygon contract address released 13.87% of the total supply to the foundation contract address.
Following the significant development, the native token experienced key movements. On the other hand, Polygon‘s mean dollar age decreased, underlining the fact that older, dormant addresses moved a large chunk of coins.
With Avalanche and Polygon’s current bearish sentiment, it’s no surprise that their community is exploring other platforms that would provide better financial growth.
What is Gnox (GNOX)?
Gnox is the cryptocurrency project that everyone is talking about right now, and for good reason. With huge token burning and great utility, its value has already climbed by more than 60% in recent weeks.
Gnox aims to bridge the gap between the advantages of traditional and DeFi investments. Its investors are paid a monthly treasury of cash invested in a variety of cryptocurrency projects, generating true passive income. As a result, beginners in the crypto industry can profit from genuine passive income without having to learn what staking is or how to execute it.
Gnox is currently on presale and will be officially launched on August 18, 2022.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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.