Sheild Your Portfolio From Bear Market With These Potential Big Gainers: Gnox (GNOX), Elrond (EGLD) And UniSwap (UNI)
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
Crypto prices continue to meander around cyclical lows. Many, if not most altcoins have seen drops of 90% and more from last autumn’s highs. But sometimes you can find good deals at the bottom of the barrel. Here are two cryptocurrencies that have the potential to float back to the top pretty quickly when inflows begin again, plus one that is just now entering the fray.
Gnox Token (GNOX)
The new kid on the block, Gnox Token offers holders “yield farming as a service.” The idea is to make yield farming as simple as possible for crypto investors. All the hard work is done for GNOX holders by a team of experienced DeFi analysts. For those who don’t have the time required to do all the research and babysit their investments, this is an attractive value proposition.
The way it works is a common treasury is funded by a 10% royalty on aftermarket sales of GNOX tokens. With each sale, the treasury grows larger. The funds are invested in a diversified collection of passive income opportunities such as liquidity pools, lending platforms, and staking rewards. Profits from the treasury are shared proportionally amongst all GNOX holders.
GNOX token is currently in presale mode which is broken up into three phases with an allotment of tokens set aside for each phase. Any unsold tokens at the end of each phase are burned thus raising the price of the token. Upon launch, the remainder of unsold tokens will be burned, substantially increasing the price per token. From there, an ongoing buy-back-and-burn mechanism assures the token has deflationary tokenomics while offering ongoing passive income.
Uniswap was the first decentralized crypto exchange to gain mainstream adoption. Now the world’s largest, the platform uses automated market makers. Investors who provide liquidity to the platform are rewarded with passive income.
Uniswap recently surpassed $1 trillion in total trading volume. The fact that it’s trading well below the 200-day simple moving average makes UNI a great buy right now. According to Coin Price Forecast, UNI is expected to double in price by the end of 2024, and then again by 2026. In the short term, CoinCodex has predicted that UNI will pass $ 8.00 before the end of July.
Elrond offers high-speed transaction throughput. The team claims that the blockchain can execute up to 15,000 transactions per second with a transaction fee of one-tenth of a penny. Moreover, Elrond nodes require no sophisticated processors and can be run on your common desktop computer. Elrond recently launched a protocol testnet and is soon to release its “DeFi 2.0” platform which will introduce a new staking feature called Staking v4.
EGLD is running around $58 at the time of writing. Based on price predictions released by TradingBeats, the coin could hit $184.4 by the end of 2022, while WalletInvestor expects EGLD to rise to potentially break through $600 in the next five years. And Price Prediction believes EGLD could even near $2,000 by 2030.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register