July Top Crypto Picks: Gnox (GNOX), Cardano (ADA), And Shiba Inu (SHIB)
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Global economic uncertainty remains, but many crypto analysts have called the bottom and believe a market reversal is imminent, pointing to classic reversal metrics. One is Bitcoin’s Fear and Greed Index, which bottomed out, recording its lowest score since the COVID-19 flash crash and, before that, the 2018 bear market. A fresh rally typically begins in the following weeks after this indicator hits a new low. Another indicator is the RSI (Relative Strength Index) which shows bullish divergence with Bitcoin putting in lower lows whilst the oscillator continues to climb, signalling a rally may soon arrive.
Investors are excited as it could be the last opportunity to accumulate crypto at bargain prices. This article features three top crypto picks for July.
Gnox is a new player set to arrive on the Binance Smart Chain (BSC) later this year with a pioneering Hold to Earn strategy. Gnox is a protocol designed to integrate more investors into DeFi investment, and it does this by simplifying the process. The protocol has taken the arduous and time-intensive operation of DeFi earning and transformed it into a single investment vehicle.
Gnox uses its treasury, funded by buy and sell taxes, to generate yields for GNOX holders. Every 30 days, stablecoin reflections are paid out to investors, and every 60 minutes, GNOX holders receive an allocation of GNOX tokens. This low-touch protocol is designed for the ordinary crypto investor looking to generate passive income. With its simplicity of Hold to Earn, crypto analysts speculate that this crypto will rally in value as it begins to pay out stablecoin reflections.
The Cardano network continues to evolve and grow rapidly. Developers have begun the countdown to the launch of the Vasil hard fork, which will mark the most significant upgrade to the network since the Alonzo hard fork which introduced smart contract capability to the network. With more than 70% of the total supply staked, and more than 3 million unique wallet addresses on the network, ADA looks ready to explode in price.
Currently trading at USD 0.46, when the Vasil hard fork goes live, ADA could rally to USD 1.20, where it will meet strong resistance. But if bulls can break the resistance, there is no telling how high ADA can climb.
Shiba Inu (SHIB)
The notorious ‘DOGE Killer’ SHIB. This meme token took the world by storm in late 2021 with one of the most obscene rallies ever witnessed. The SHIB project has recently hit an enormous token burn milestone, more than 400 trillion tokens have been burnt to date, and more are burnt every single day.
With this huge decrease in total supply, SHIB’s price is poised to rally, and investors are curious about how high this token will go. Currently, trading at USD 0.00000971, SHIB holders wait for the token to tackle the legendary USD 0.01 price target.
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