The current rally has been met by disbelief by a large swathe of the crypto community. Many still have capital on the sidelines, waiting for lower lows that never came and watching Bitcoin climb steadily is infuriating many investors, with certain crypto influencers calling the current rally ‘the most hated rally’.
But the cold reality is that Bitcoin is climbing, and the altcoins are surging behind it. One token in particular is ready to benefit massively from this prevailing market sentiment: Gnox (GNOX). Experts have predicted that this new reflection token could outperform Solana (SOL) and Eos (EOS).
Gnox is bringing the profits of DeFi (decentralised finance) to everyone. Meaningful DeFi investment remains time-consuming and complicated, and Gnox offers a solution. The GNOX token is a single investment vehicle that provides DeFi returns, and all investors have to do is hold GNOX. The protocol leverages buy and sell taxes to build a treasury fund which earns for investors; the generated yield is swapped into stablecoin and distributed amongst GNOX holders monthly.
The simplicity of Gnox is something DeFi has needed. This convenient source of passive income is expected to soar at launch and enjoy further price appreciation when its payouts begin to increase. Built for the long-term holder, Gnox could well be one of the most exciting launches of 2022.
Solana, the famous layer one protocol dubbed ‘The Ethereum Killer’. The Solana network was built with throughput at its core, the developers wanted to create a network faster than any other, and they succeeded. With a theoretical peak capacity of 65,000 transactions per second, for reference VISA averages 1,700. This network is faster than its blockchain and TradFi counterparts.
SOL trades at $46 and is already up more than 14% this week.
Eos is one of the most exciting projects in the sphere and tackles the issue of scalability. Scalability, or lack of it, is the greatest issue faced by blockchains. Eos is a third-generation blockchain, commonly referred to as a blockchain of the future, designed to address scalability.
Eos aims to facilitate industrial-scale decentralised applications, and this high level of performance is made possible by its unique DPoS (Delegated Proof of Stake) consensus mechanism. EOS trades at $1.33 and has a clear path to $2.90. At this resistance level, the bulls or the bears will decide its future trajectory.
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