Lark Davis: Number Of Addresses Holding At Least One Bitcoin (BTC) Has Hit A New All-Time High And Why You Should Hold Gnox Token (GNOX)
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Lark Davis is a content creator on the YouTube platform who brings daily content to his followers on Bitcoin and cryptocurrency. Recently he tweeted a graphic showcasing that the number of unique wallet addresses holding at least 1 BTC has hit an ATH (All-Time High).
What Does This Mean?
It means smaller players, ordinary retail investors, are accumulating. And investors only accumulate when they foresee asset appreciation in the future. Many investors have been in the crypto space for a few years now and have seen Bitcoin crumble only to rise from the flames time and time again. This has bolstered investor confidence, and despite dramatic downwards movement with prevailing macroeconomic conditions, investors are taking this opportunity to build their Bitcoin stack.
Investors who bought the tops of November 2021 are also taking advantage of the current price action to reduce their average cost. With Bitcoin currently trading at around USD 22,500 it has dropped significantly from its prior ATH (All-Time High) of USD 69,000.
Many analysts point out that Bitcoin as an asset has only existed during a historic bull run and nobody knows what could happen to it during times of recession. However, this does not seem to phase investors who diligently DCA (Dollar Cost Average) and continue to pile up Bitcoin.
Gnox is a brand new player in the crypto ecosystem scheduled to release on the Binance Smart Chain (BSC) and promises to broaden the availability of DeFi investment. GNOX is a token many analysts have called’ recession-proof’, and following the project’s recent token burn event, it appears to be a project investor’s would be foolish to miss.
Why Hold GNOX?
Gnox is the first protocol to offer yield farming as a service, bringing mass-scale exposure to DeFi for ordinary investors through its treasury fund. This fund is generated via buy and sell taxes on the token, meaning a portion of every token transaction goes to building this fund. The treasury is deployed in DeFi protocols and the generated yield is reflected in stablecoin to GNOX investors proportionate to the number of tokens held. With its aggressive growth-orientated design, the Gnox protocol has all the hallmarks of a project hard built to favour long-term investors.
Gnox is a project tailored to deliver increasing stablecoin returns to its investors with a long-term investment horizon. The mechanic- only the proceeds, never the principal of the treasury is touched- is what crypto analysts point to repeatedly, highlighting the value of a protocol that delivers not only stablecoin to investors in times of bearish sentiment but an increasing stream of passive income over time.
The project’s team has undergone KYC, the smart contracts have been audited, and with the announcement of huge token burning events at the end of every presale phase, GNOX is a token that crypto investors should pay attention to.
Find Out More Here:
Join Presale: https://presale.gnox.io/register