Cryptocurrencies have been a hot topic of discussion in the investing world over the past years. While the prices of Bitcoin, Ethereum, and other major coins have been incredibly volatile, crypto assets as a whole have shown great potential.
Gnox (GNOX), the crypto newbie with over 60% gains in presale, seems to be striding ahead of projects like Ethereum (ETH) and Shiba Inu (SHIB). Let’s say a few words about each crypto asset.
If you’re just getting into the world of decentralized finance, GNOX can be a perfect starter, since it takes off the complexities and leaves only simple steps for the investors. Thanks to its yield farming service, GNOX holders are blessed to passively generate incomes and diversify their assets across a range of passive income-generating DeFi platforms. While investors simply invest and decide the risk they feel to take, GNOX DeFi experts work, monitor the trades and airdrop the revenues to the holders. To operate the mechanism, GNOX uses a 10% royalty on each GNOX order, a big portion of which funds the treasury to maintain the liquidity, and part goes back to the investors.
GNOX’s innovative approach makes passive income investing as easy and low-risk as possible, and that’s precisely what makes the project so desirable for the investors. While the coin has yet to be released, its pre-sale price has risen by 52% in May, and by the end of June, Gnox outperformed itself and brought an overall 63% price increase.
GNOX is a Soken-approved and audited project built on a fast and scalable Binance Smart Chain (BSC), dedicated to offering accessible and easy DeFi protocols to every background investor, and its pace reminds the analysts of Ethereum (ETH) and Shiba Inu (SHIB). Can GNOX show such a massive increase like these two?
Ethereum (ETH) is a well-known decentralized platform and innovator with Smart Contracts.
Besides other advantages, Ethereum succeeded because it has a broad range of use cases. It can be used to create decentralized applications (dApps) and tokens. This flexibility has led to its adoption by various industries, from finance to gaming.
Ethereum proudly stays the strongest Altcoin of BTC for years and has seen massive ups and downs since its launch.
Lately, Ethereum’s price has been widely affected by the strong bear sentiment. However, due to the coin’s large use case, it’s believed the price will eventually recover. Gnox can be assumed to enter the market as a strong game-changer as Ether, since GNOX’s mechanism is designed to work on a wide range of passive income DeFi protocols, which is expected to cause massive interest and adoption.
Shiba Inu (SHIB)
Memecoin Shiba Inu is an ERC20 token that was created as a way to support the Shiba Inu network. The token is meant to be used as a utility token on the network and can be used to purchase goods and services or to trade for other assets. SHIB is a community-driven project that, just like GNOX, promises returns to holders. SHIB team’s developed ShibaSwap lets investors provide liquidity, stake their tokens, and generate passive income. SHIB has already seen a massive price increase in past, making some even millionaires. but, its current price drop leaves some beyond hope. Thus, if you miss early entry on SHIB and doubt investing in it now, you might prefer considering GNOX – a fresh and promising project with high potential.
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