As the second phase of the Gnox presale continues, the project has seen a 63% increase in sales, suggesting that the altcoin is a good investment.
The project has received a lot of support from the Dogecoin (DOGE) and Shiba Inu (SHIB) communities, two of the most active and vocal communities in the crypto space. Many members of these communities have already invested in Gnox during the presale, and the project has also attracted a lot of interest from other investors.
With the project off to a good start and with the support of some major players in the industry, Gnox is definitely one to watch in the coming months. So, let’s talk: should you buy GNOX? Or should you stick with SHIB and DOGE?
It’s been a crazy few weeks for Gnox (GNOX) holders. The token sale started on May 12 and has already seen a price surge of 63%.
For those unaware, Gnox is the world’s first think token offering yield farming as a service. The core idea of Gnox is to make passive income generation, yield farming, and DeFi investing as easy as possible.
The benefits of yield farming include generating passive cash flow from digital assets without selling them. Traders invest in GNOX’s liquidity pool, and the longer they hold the tokens, the higher their returns. Yield farming can also increase the value of staked tokens, as the rewards earned can be reinvested into the GNOX protocol. This simply means that the $GNOX protocol will continue to reward $GNOX holders even in adverse market trends.
The Gnox team announced that they sold 49.5 million tokens in their first presale round, boosting the price of the token by more than 60%. 1.3295 billion Gnox tokens were burned at the end of the first presale round, which further boosted the price. The next token burn is scheduled for the end of the second presale, and early investors are staying tuned for higher returns. Currently, Gnox remains the most potential and sensible investment idea on the market.
While SHIB and DOGE are exciting projects, many investors think their time is over.
Shiba Inu is a decentralized cryptocurrency created with the Dogecoin community in mind. The token was developed as a grassroots fundraising and marketing experiment. Unlike other cryptocurrencies, which large companies or organizations often support, Shiba Inu is community driven.
Technical analysts indicate that DOGE may inflate in 2022. However, SHIB owners believe the coin is already dead. Although builders are gradually burning SHIBS, this is not helping the oversupply to stabilize and the price to recover. Thus, analysts suggest turning your attention to newcomer GNOX.
Of course, no one can predict the future movements of an asset with 100% certainty. Nevertheless, some factors suggest that GNOX could continue to increase in value in the short term. Rising levels of interest from retail and institutional investors suggest strong demand for this asset. Additionally, GNOX enjoys a large community of supporters who believe in its long-term success, which can help drive prices up in the short term as demand is likely to outstrip supply.
Join the presale: https://presale.gnox.io/register
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