As the second phase of the Gnox presale continues, the project has seen a 63% increase in sales, leading many to believe that the altcoin is a good investment.
The project has seen a lot of support from the Dogecoin (DOGE) and Shiba Inu (SHIB) communities, two of the most active and vocal communities in the crypto space. Many members of these communities have already invested in Gnox during the presale, and the project has also seen a lot of interest from other investors.
With the project off to a great start, and with the support of some major players in the industry, Gnox is definitely one to watch out for in the coming months. So, let’s discuss: Should you buy GNOX? Or should you stick to SHIB and DOGE?
It’s been wild weeks for Gnox (GNOX) holders. The token sale started on May 12th and has already experienced a price surge of 63%.
For those who don’t know, Gnox is the world’s first reflection token offering yield farming as a service. The core idea of Gnox is to make passive income generation, yield farming, and DeFi investment as simple as possible.
The benefits of yield farming include generating passive cash flow from digital assets without selling them. Traders invest in GNOX’s liquidity pool, and the longer they hold the tokens, the higher their returns. Yield farming can also boost the value of staked tokens, as the earned rewards can be reinvested into the GNOX protocol. This simply means that the $GNOX protocol will continue to reward $GNOX holders even in adverse market trends.
Gnox team announced that it had sold 49.5 million tokens in its first presale round, raising the token price by more than 60 percent. 1.3295 billion Gnox tokens were burned at the end of the first presale round, which further stimulated the price. The next token burning is scheduled at the end of the second presale, and early investors stay tuned to get higher returns. Currently, Gnox remains the most potential and wise investment idea on the market.
While SHIB and DOGE are exciting projects, many investors believe their time has passed.
Shiba Inu is a decentralized cryptocurrency created with the Dogecoin community in mind. The token was developed as an experiment in grassroots fundraising and marketing. Unlike other cryptocurrencies, which large companies or organizations often support, Shiba Inu is community-driven.
Technical analysts indicate DOGE could pump up in 2022. However, SHIB owners think the coin is already dead. Although the project owners burn SHIBS gradually, it does not help the oversupply to stabilize and the price to go up again. Thus, analysts suggest driving your attention towards newcomer GNOX.
Of course, no one can predict the future movements of any asset with 100% certainty. Still, certain factors suggest that GNOX could continue to rise in value in the near term. Increasing levels of interest from both retail and institutional investors suggest strong demand for this asset. Moreover, GNOX benefits from having a large community of supporters who believe in its long-term success – something that can help drive up prices in the short term since demand will likely outpace supply.
Join Presale: https://presale.gnox.io/register
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