The current market downtrend has affected all major cryptocurrencies. Although Bitcoin (BTC), the first and largest cryptocurrency in the world, should be an excellent hedge against inflation, it still suffered heavy losses. The price of BTC has almost halved from its all-time high in November 2021. The weak sentiment sweeping the crypto markets has led investors to withdraw funds and worry about their wallets. However, some altcoins still managed to survive the aggressive market pattern. Gnox Token (GNOX) and Cardano (ADA) seem like logical alternative investment solutions to keep your wallet green.
Gnox Token (GNOX)
Gnox is a brand new think-tank token that offers a simple money-making solution for investors new to cryptocurrencies. Gnox is the first protocol to offer yield farming as a service that will simplify DeFi investing in a single investment vehicle. The protocol is infinitely scalable and can be used by both retail and institutional investors.
How does the Gnox reflection token work? Reflection works by charging a fee (usually a percentage) on each transaction and distributing the fee to all token holders based on the percentage of assets they hold. Earning additional cryptocurrency is the ultimate goal of the DeFi investment mechanism.
In other words, using a yield farming system means that the Gnox platform offers cryptocurrency buyers returns of up to 50% APY (annual percentage return).
Gnox has been very successful in the pre-sale phase, growing over 50% in its first week. Crypto analysts attribute the successful continuation of the pre-sale to advocacy to allow newcomers to the crypto world to invest in its first week. The GNOX presale is coming to an end. Visit the website for more details.
Cardano (ADA) is a third-generation Proof of Stake (PoS) decentralized blockchain platform designed as a more efficient alternative to Proof of Work (PoW) networks. The scalability, interoperability, and sustainability of PoW networks like Ethereum are limited by infrastructure burdens such as rising costs, power consumption, and slow transaction times.
After the crypto market crash, Cardano (ADA) became the biggest gainer among the top 10 cryptocurrencies this week. The asset peaked at $0.63 in one day and gained 14% in one day, fueled by a frenzy over upcoming developments on the network. Cardano (ADA) is currently the sixth largest cryptocurrency by market cap.
Cardano’s most anticipated development is the launch of the Vasil hard fork. The impact of the hard fork is expected to be better than the Alonzo hard fork, which will be launched in mid-September 2021. The Cardano Vasil hard fork is expected to be a breakthrough development that will significantly increase the adoption of the Cardano project.
Market experts are optimistic about the Vasil hard fork update and see it as a real reason for Cardano’s new surge. Although ADA has also been affected by the crypto market crash, it is still considered one of the best investment options to bring your portfolio back into the green.
It is difficult to accurately predict the future performance of crypto assets. Cardano (ADA) and Gnox Token (GNOX) may undergo negative changes over time. However, with GNOX entering the market as the first DeFi yield protocol to offer “yield farming as a service”, it is very realistic to expect a surge for this token.
To learn more about GNOX:
Join the presale: https://presale.gnox.io/register
Always do proper research when dealing with currency and token presales. The above information does not constitute investment advice from CryptoMode or its team, nor does it reflect the opinions of the website or its staff.
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