A new cryptocurrency called “Gnox” could be poised for an enormous price increase after selling out in its presale. The cryptocurrency, which is based on the Binance Smart Chain, was offered at a discount to early buyers and sold out quickly.
The crypto’s price has already begun to increase in anticipation of its official launch, and if Gnox is able to meet the demand, the price is expected to continue to rise. Crypto analysts predict that Gnox is showing signs of following Solana and Axie Infinity’s price action after its sold-out presale.
Solana (SOL) and Axie Infinity (AXS)
The bullish momentum is at its peak today, according to the Solana price analysis, as the coin value has climbed dramatically. Since August 4, 2022, the SOL/USD price has been recovering as bulls successfully maintain their advantage, and the pace has accelerated today as the price rose to $42.4.
The price was last observed peaking at $43.8 on July 30, 2022, which is currently the current resistance as the price corrected down to 38.3 on August 3, 2022, and bulls have been trying to recover since then.
On the other hand, the price of Axie Infinity has risen by 8.16% in the past 7 days and its price has increased by 2.99% in the last 24 hours.
Axie Infinity is the governance token of Axie Infinity, an Ethereum-based play-to-earn (P2E) NFT game. AXS was launched as an ERC-20 token in November 2020. The token also exists as a BEP-20 token, compatible with the Binance Smart Chain (BSC).
What is Gnox (GNOX)?
Gnox allows crypto enthusiasts to gain exposure to a diverse portfolio of prominent cryptocurrencies by simply purchasing and keeping its token. There is no need to do research or make investments.
Gnox is a treasury-backed asset. All crypto assets are maintained in a shared treasury that is supported by GNOX token trading fees. Those trading fees never leave the account. That means the Treasury is always growing, regardless of where the market is going.
Through a variety of means, including peer-to-peer lending protocols, staking platforms, and liquidity pools, the treasury’s assets are also used to generate passive income for Gnox holders. The proceeds are divided among its owners once every month. And because the treasury is always growing, the amount of passive income that it can produce is always growing as well.
Gnox’s strong passive income utility has garnered a lot of attention in the crypto community. It is currently in its third presale phase and will officially be launched on August 18, 2022.
Learn more about Gnox:
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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