A Selection Of Top Quality Cryptos To Consider In A Bull Market: Gnox (GNOX), Binance Coin (BNB), And Fantom (FTM)
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Bull markets are the opposite of bear markets. They exhibit short-term upward trends. As a result, investor optimism is frequently present in these markets, as rising price expectations are a result.
Investors are more confident during a bull market because they frequently anticipate dependable results continuing for extended periods of time (despite it being difficult to consistently predict trends).
Although complicated, taking advantage of a bear market can be beneficial for many investors if they invest in a selection of top-quality cryptos. And analysts predict that the tokens below should be considered a worthwhile investment.
Gnox is a DeFi utility token that has gained popularity recently. Due to its "yield farming as a service" feature, Gnox is sure to be appealing to new investors and those who do not have the time to do their own research. All they need to do to continue earning passive income is purchase and hold Gnox tokens.
A portion of the proceeds from Gnox token aftermarket sales is placed in a treasury. To spread risk and produce passive income, a team of seasoned DeFi analysts invests community treasury funds into various yield-farming platforms. Gains are collected and then returned to Gnox owners via 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 because the Treasury is funded by a royalty on aftermarket sales.
In the middle of August, the platform will make its formal debut. But up until August 12th, Gnox is currently on presale. Early purchasers will profit before the platform even launches thanks to monthly burns. Additionally, after the presale is over, all unsold tokens will be burned, pushing up the price of the token once more.
Binance Coin (BNB)
Changpeng Zhao founded the cryptocurrency trading platform Binance. When increased Chinese regulation threatened the company's operations, it left China and moved to the Cayman Islands.
With its extensive list of trading pairs and relatively low fees when compared to rival platforms, Binance quickly rose to become one of, if not the, biggest cryptocurrency trading platforms in the world. Although it has since added many KYC measures, the site's initial lack of KYC (know your customer) restrictions were also appealing to some.
It is true that Fantom has gained a reputation as a high-performance, EVM-compatible L1 blockchain that was built with scalability in mind. Its mainnet, called Fantom Opera, was designed to support swift transactions at reasonable prices with significant throughput.
Fantom became the ideal network for deploying dApps, DeFi protocols, metaverse projects, GameFi protocols, Non-Fungible Tokens, and more while not sacrificing security or other crucial elements in the process.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register