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Bull markets are the opposite of bear markets. They show short-term upward trends. As a result, investor optimism is often present in these markets as expectations of rising prices result.
Investors are more confident during a bull market because they frequently anticipate reliable results over long periods of time (although it is difficult to predict trends consistently).
Although complicated, taking advantage of a bear market can be beneficial for many investors if they invest in a selection of premium cryptos. And analysts predict that the tokens below should be considered a profitable investment.
Gnox is a DeFi utility token that has recently gained popularity. Due to its “yield farming as a service” feature, Gnox is sure to attract new investors and those who don’t have time to do their own research. All they need to do to continue earning passive income is buy and hold Gnox tokens.
A portion of the proceeds from secondary market Gnox token sales are placed in a treasury. To spread risk and generate passive income, a team of seasoned DeFi analysts invest community treasury funds in various yield farming platforms. Earnings are collected and then returned to Gnox owners through a variety of mechanisms, such as burns and airdrops.
The total amount of assets invested in the Treasury will always increase, generating an ever-increasing amount of passive income as the Treasury is funded by a royalty on secondary market sales.
In mid-August, the platform will make its official debut. But until August 12, Gnox is currently on presale. Early buyers will benefit even before the launch of the platform thanks to monthly burns. Also, after the presale is over, all unsold tokens will be burned, which will further increase the price of the token.
Binance Coin (BNB)
Changpeng Zhao founded the Binance cryptocurrency trading platform. When increased Chinese regulations threatened the company’s operations, it left China and moved to the Cayman Islands.
With its long list of trading pairs and relatively low fees compared to competing platforms, Binance has quickly become one of the largest cryptocurrency trading platforms in the world, if not the largest. While it has since added numerous KYC measures, the site’s initial lack of KYC (know your customer) restrictions was also appealing to some.
It is true that Fantom has earned a reputation as a high-performance EVM-enabled L1 blockchain, designed with scalability in mind. Its mainnet, called Fantom Opera, was designed to support fast transactions at reasonable prices with high throughput.
Fantom has become the ideal network to deploy dApps, DeFi protocols, metaverse projects, GameFi protocols, non-fungible tokens, etc., without sacrificing security or other crucial elements of the process.
Learn more about Gnox:
Join the presale: https://presale.gnox.io/register