2022 has been a rough year for crypto markets. Now Q3 is upon us, and no one expects any sudden upturns. However, there are some crypto projects worth looking into right now that could provide great returns during the accumulation phase of this market.
Gnox Token is a new type of DeFi coin that offers ongoing low-risk passive income. Tron is adding some great new features that should greatly increase demand. And Shiba Inu looks to be building out an entire financial ecosystem for its rabid following.
Let’s look a little closer at each of these assets.
Shiba Inu (SHIB) — More like an investment club than a blockchain
Shiba Inu isn’t a blockchain. It’s a token that runs on the Ethereum blockchain. However, SHIB is not just another token. It’s more like a community. And the shiba dog is essentially their mascot.
The original idea of Shiba Inu was to build a tokenomics system that would greatly reward early adopters by starting the token’s price at thousandths of a penny. If the price ever goes to one penny anyone who holds it now could be filthy rich. But will it ever get there?
The community continues to grow and rally around a team of developers that are working on an array of projects including a metaverse with play-to-earn games, DeFi platforms such as ShibaSwap, Shiba Inuversity, and much, much more. All of these things increase community loyalty and add value to holding the token.
Unlike many meme coins, Shiba Inu seems like it’s going to be around for a long time to come. Currently ranked at #14 by market cap, SHIB is priced at around one ten-thousandth of a penny. Along the way, constant burns continue to bring the price higher and higher.
Tron (TRX) — Getting into the stablecoin game
Tron is a blockchain dedicated to file storage and content delivery. Content creators can store their files on the network free of charge and then earn TRX tokens on various delivery platforms. This system total cuts out the middlemen such as YouTube and Patreon. These types of services are just now starting to catch on with the potential for massive growth ahead.
Additionally, Tron is now getting into the stablecoin arena. This is expected to greatly increase the number of use cases as well as the demand for the TRX token.
If TRX can rise back to its 2021 high of 18 cents — anD most analysts believe it will — we’re looking at a 300% rise from today’s price of around $0.06.
Gnox Token (GNOX) — Facilitating mass adoption of crypto savings
What’s it going to take for crypto investing to see mass adoption? For one thing, it has to get a lot simpler. While someone can just buy and hold stock in an index fund and spread their risk across the fastest growing companies in one fell swoop, it’s not nearly that simple for crypto investors. At least it wasn’t until now.
Gnox Token has developed a DeFi platform that they call “yield farming as a service.” While most DeFi platforms require users to do all of the hard work including learning how to use the platform, researching the various opportunities, and then babysitting their investments, all GNOX holders have to do to see ongoing passive income is, well, nothing. They just need to buy and hold the GNOX token.
A constantly growing treasury funded by a royalty on all aftermarket sales of the token is used to invest in a variety of passive income opportunities. As the treasury grows over time, it produces more and more revenue that’s distributed proportionally amongst faithful GNOX holders.
Gnox Token’s strategy makes DeFi and passive income super simple and nearly risk-free making it almost a sure bet for mass adoption.
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.