Gnox (GNOX) Looks To Have significantly More Potential To 60x Than BitTorrent (BTT) Or Filecoin (FIL) As Bullish Market Reversal Begins

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Barring another macro event such as we saw with the Terra LUNA debacle, it’s looking like the crypto market might be negotiating a new bottom. So does that mean it’s all onward and upward from here for altcoins? Not necessarily. Even though altcoins tend to bottom before Bitcoin, they aren’t likely turn back up as quickly. 

it could take quite a while for the consolidation process to work itself out. Inventors will be feeling flighty at any sign of additional capitulation. It’s likely going to be a long time before we see the 10x to 100x gains that we saw in the altcoin market in the past couple of years. 

For example, BitTorrent (BTT), after losing three-quarters of its value is still down by two-thirds since its all-time high. It’s going to take a long time — perhaps years — to return to those highs and even then you’re looking at maybe 2x return on your investment. 

Another used-to-be-popular altcoin, Filecoin (FIL) has lost more than 95% of its value from all-time-highs — from $237 down to under $6. While a return to its glory days could produce 40x gains, it’s going to face some heavy resistance around the 4.5x area (~$27). Even hitting that price could take a decade.

Gnox Token (GNOX) for the short-term and the long-term

Gnox Token has the advantage of launching while the market is at or near the bottom. This new and innovative DeFi platform which launches in mid-August is already producing returns for early investors who have seen gains north of 60%. 

How is it possible that a token can gain in value before it even hits the open market? The answer is some fancy tokenomics going on in the ICO. The presale is broken up into three phases. A certain number of tokens is allotted to each phase. Any unsold tokens are then burned at the end of each phase (once a month). The decrease in the supply results in an increase in price for the next round of investors. After the final round of the ICO all unsold tokens will have been burned and no new tokens will be minted. This final burn is expected to greatly increase the price of the token.

So, what about the future? What is Gnox Token and what are its chances of pulling off the kind of gains we saw in DeFi tokens last year? 

Although crypto has become a big business, it still hasn’t seen mass adoption as an investment vehicle. In order for that to happen, investing in a diversified basket of cryptocurrencies has to be as easy as buying an exchange-traded fund (ETF). This is where Gnox comes in. Gnox offers what they call “yield farming as a service.” The idea is to make it as simple as possible for the average person to benefit from the coming explosion in blockchain, DeFi, and Web3 technology.

All investors have to do in order to invest in an array of assets and also earn passive income on their investment is to buy and hold GNOX token. The rest is done for them. And, just like buying an ETF, everyone who holds GNOX shares in the same rewards.  

This simplicity is just what DeFi needs in order to attain mass consumer adoption and potentially produce a 60x return on investment as some of the major tech stocks have been doing for investors for years. 

You can get in on the ICO for another month or so, but do it quickly as the earlier you get in, the more increase you’ll see in the value of your tokens when GNOX goes on the open market. 

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/


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. 


None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.