Smart investment is all about achieving a mix of long-term and short-term gains. In the crypto world, there are coins that offer long-term returns. However, selecting those coins and tokens that provide short-term yield can be challenging. In this article, we’ve rounded up three cryptos that could help multiply your gains this week.
Gnox (GNOX)
Gnox is a DeFi earning solution that has gained traction in the market for being easy to use, making it ideal for newcomers in the investment space. This coin is yet to be launched, but it has been demonstrating an upward trend in its pre-sale price from having a 52% increase last May and a further jump to 60% in recent days. This pattern provides an opportunity for achieving gains before Gnox launches in July 2022. With its strong pre-sale gains, this token is suitable not only for private investors but also for institutional investors.
Tron (TRX)
Tron is an ecosystem that offers a range of DeFi services and is known for being content-focused. As such, it appeals to creators who want to remove the oversight that is typical in centralized systems for content creation and distribution (e.g., YouTube).
Unfortunately, Tron’s native coin, TRX, has been affected by the market downturn just like other cryptos. In response, Tron has gone into deflation in the last 30 weeks or so, burning up to 7.7 billion tokens. Based on the daily price chart, TRX has not yet gone over the 20-day exponential moving average.
However, bullishness has recently been observed for the Tron coin. According to Stochastic RSI users, TRX price is demonstrating an upward trend, revealing a window for strategically investing in it this week to achieve gains resulting from the bullish push.
Fantom (FTM)
Fantom is a scalable EVM-compatible blockchain that has been commonly compared to front-runners like Solana and Cardano. Many DeFi users rely on the Fantom platform for its high-speed and low-cost transactions. As of this writing, FTM was trading at $0.27, far from its highest price last October 2021 at $3.46.
However, it would be insightful to recall that on July 20 of last year, the coin also experienced a drop as low as $0.15. It was able to bounce back to achieve its highest price to date. With a history of recovering gloriously from a grave price decrease, FTM remains to be under the radar of experienced traders. Indeed, according to analyst Michael van de Poppe, FTM could potentially double from its current level, providing a timely opportunity to multiply short-term gains.
Final thoughts
With inflation on the rise, fears of an economic recession have understandably heightened. A smart move would be to maximize short-term gains and multiply the potential yield as soon as possible while the bearish market is on its way toward recovery.
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.
