Bitcoin is so 2017. If you missed out on the virtual currency’s meteoric rise from $1,000 to more than $19,000, here are the top three cryptos you can invest in with your holiday cash and either ride the next wave or lose it all in the next crash.
- PancakeSwap (CAKE)
PancakeSwap, one of the largest decentralized exchanges, has been at the forefront of the decentralized finance movement. The utilization of the PancakeSwap exchange will determine the future of the CAKE coin. The future value of the coin will be determined by sentiment in the broader crypto markets, among other things.
PancakeSwap’s future seems bright, thanks to recent innovations, partnerships and interest in NFTs. The project team also plans to launch more projects this year, boosting the platform’s growth and usage. It has entered the NFT field by rolling out Binance Smart Chain NFT projects, in addition to being the number one Automated Market Maker (AMM).
- Trader Joe (JOE)
Slowly but steadily, the Trader Joe protocol is gaining a solid DeFi reputation. They currently have three staking choices available. They are referred to as “modular staking pools,” which expands the range of applications for the JOE token.
Trader Joe is a one-stop decentralized trading platform on the Avalanche network. It combines DEX services with DeFi lending to offer leveraged trading.
Their products are community-driven, which allows them to give fees collected from liquidation and swaps back to the users via our JOE/xJOE staking mechanism.
JOE is a governance token that also rewards its holders with a share of exchange revenues.
- Gnox (GNOX)
Gnox is the first reflection project to provide individual and institutional investors “yield farming as a service.”
Investors do not have to worry about picking the correct DeFi approach with Gnox. This will be done for them through the protocol, which will invest treasury funds in liquidity pools and lending protocols.
Without taking any more actions, each token holder will receive a share of the prizes straight into their wallets. Continuous buying pressure imposed through a community-focused ecosystem will retain the token’s inherent worth.
In addition to making DeFi income simple for investors, Gnox is planning to launch a multi-chain aggregator, a decentralized exchange and NFT staking. The presale was a huge success, with the token value rising by 52 percent in a week, indicating that big changes are on the way.
The high demand can be attributable to a new tokenomics norm that favors long-term investors. When the winter is gone, several crypto aficionados believe that GNOX will be able to emulate the success of giants like BNB and XMR.
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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