Selected Cryptos To Recover Your Losses In The Current Bear Market; Gnox (GNOX), Cronos (CRO), And Filecoin (FIL)
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The bear market has been brutal and ravaged assets across the board. Many investors have seen their portfolio half in value, and those are the lucky ones. Many investors exposed to DeFi have seen their portfolios retrace by up to 80%. This can be a difficult pill to swallow for investors, but adjusting investment horizons and seeing the bear market for what it is- a period of accumulation- can help them to recalibrate and prepare themselves to lock in serious gains for the inevitable market reversal.
This article features three crypto projects to help investors beat the bear and turn losses into gains.
First up is Gnox, a DeFi (decentralised finance) protocol seeking to reshape DeFi earnings. For too long, DeFi earnings have been the preserve of those with ample time and technical knowledge; Gnox changes this bringing meaningful DeFi investment to ordinary investors. It makes this paradigm shift through its treasury protocol funded by buy and sell taxes on the GNOX token. Part of every transaction goes to support this treasury, which is used to generate yields for investors within DeFi, and every 30 days, these yields are distributed in stablecoin.
Gnox has all the features of a protocol built for the long-term investor, and the treasury management shows this clearly. Only the proceeds, never the principal of the treasury, are distributed amongst token holders, meaning Gnox will begin to pay out greater stablecoin reflections over time. This protocol that pays out stablecoin during a bear market easily made it onto the list. But with the growth-orientated focus, GNOX tokens are likely to become a highly precious commodity by the time market participants realise the potential passive income machine this protocol is.
The second is CRO. The native token of the Cronos blockchain developed by Crypto.com, this is a token that will follow in the footsteps of other utility tokens such as BNB and put in massive gains. Crypto.com have created an all-encompassing crypto platform where investors can buy and sell crypto, access financial trading tools, and use their crypto assets to generate revenue through staking within the application.
It is currently trading at USD 0.11, down from its ATH (All-Time High) of nearly USD 1. CRO, at its current price, promises investors close to a 10X when it rallies in the next bull market cycle. Crypto.com have launched a massively successful advertising campaign and produced the world’s most popular crypto debit card. Crypto.com brings crypto to an ever-growing audience, and as more and more people invest, CRO will inevitably see appreciation.
Last on the list is FIL which investors can earn by renting unused storage space. Filecoin offers decentralised digital storage allowing anyone anywhere in the globe to rent their storage space, and means that there is no longer a single point of failure for data storage. Important documents can be separated and stored on different computers globally.
The Filecoin protocol offers a solution for worldwide data storage, and the need it addresses is constantly growing. FIL is a token that will continue to grow as demand for storage increases. Now trading at USD 5.55, down from its ATH of USD 237, the current price offers a fantastic entry point for investors keen to beat the bear.
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