The crypto market has not only tested critical support levels, but also the patience of investors. The boom-and-bust cycle is a vicious circle of profits and losses. Most people fall for market sentiments and lose out on big gains.
You don’t get those massive returns in a bull market unless you are lucky enough to catch hold of some hyped meme tokens. The best time to invest is when the whole market is bleeding to death. That’s when you stand a chance to scoop up some tokens with a 100x potential.
Below are a few you may want to consider.
The belief that underpins the strong growth potential of Pancakeswap is its status as a leading DEX, especially for entry-level investors. High gas fee on Ethereum-based Uniswap is suicidal for anyone new to the world of crypto. Pancakeswap solves this problem by not only lowering the fees but also providing excellent passive income potential. The team recently revealed plans about reducing the total supply of its governance token, CAKE, and subsequently increase the farming rewards. This is a great move to drive mass adoption and bring new users to the platform with incentives on offer. CAKE may propel to unimaginable heights in 2023 and beyond.
Solana is no alien to the 100x club, as we saw its exponential rise in 2021. Amid turbulent market conditions, it is down by almost 85%, and most of the downward pressure came from recent outages. However, this doesn’t undermine the fact that Solana is still one of the fastest blockchains with dirt-cheap transaction fees. It quickly became a platform of choice for NFT developers, as the ecosystem continues to grow regardless of hiccups. Experts believe that its native asset SOL may skyrocket above its all-time high by mid-2023.
Gnox is an upcoming multichain protocol with a purpose-built treasury that works for the community. The ecosystem is powered by the reflection token GNOX that accrues rewards based on treasury investments. Several DeFi experts pick the safest protocols to deploy funds, and this is decided based on governance voting. Returns are shared among GNOX token holders, without them having to take any additional steps. This revolutionary concept has garnered a lot of attention among entry-level investors who are filling up their bags at a presale price. With the contract launch in August, things are looking great for this promising project.
Join presale: https://presale.gnox.io/register
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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