DeFi Experts: “The Biggest Gains Are Made During Market Corrections.” How Gnox (GNOX), Bitcoin (BTC), and Polkadot (DOT) Will End Up On Top
While no one knows for certain where the crypto market will be by year’s end, one thing is certain — the market is down. Way down. But as they say, when there’s blood in the streets, that’s the time to start being greedy.
Here are three cryptocurrencies that are bound to be on top when the market hits its next all-time high.
Right now, with the current
crypto landscape, we have a bunch of independent blockchains all running off in their own direction. This would be like having dozens of versions of the Internet that don’t connect to each other. Polkadot might be the solution to this dilemma.
Polkadot facilitates trustless communication between all of the different blockchains. It also allows all these various general-use and specialized blockchains to interact with each other without sacrificing decentralization and security.
Polkadot aims to become no less than the Internet of blockchains. If it succeeds in this goal, it will surely come out on top.
Popular crypto commentator MMCrypto recently called Bitcoin “the only certain money.” Others have called it “the most asymmetrical bet of our lifetime.” It’s been called “digital gold, “sound money,” and much more. Currently, the percent of BTC held by hodlers is at an all-time high as is the network hashrate. Meanwhile, no one can argue that BTC is grossly oversold territory. It’s only a matter of time before it wakes up.
The fact of the matter is where ‘ere BTC goes, the rest of the crypto market follows. When BTC wakes up again, it’s going to get a good head start on the next bull run. In the race for becoming the true digital gold, Bitcoin is far ahead of the competition and sure to come out on top when we hit new all-time highs.
Gnox Token (GNOX)
Gnox is the newcomer on this list of most likely to succeed cryptocurrencies. The platform doesn’t actually launch until mid-August. However, the
ICO presale is raging right now.
The Gnox platform works similarly to a DAO in that its activities are voted on by holders of the token. What are these activities? A common treasury is used to invest in a diverse basket of DeFi opportunities such as liquidity pools, lending platforms, and staking rewards in order to produce consistent passive income no matter whether we’re in a bull or a bear market.
Gnox calls this “yield farming as a service.” It’s an apt description considering it provides all of the benefits of yield farming without any of the work. All investors need to do is buy and hold the GNOX token. Profits from investment activities are used to buy back GNOX
tokens on the secondary market. Some are burned, thus reducing the supply, and some are kicked back to holders providing no-brainer passive income.
Speaking of burning, the presale ends on August 12th. It’s running in three stages. A portion of the total supply of tokens is allotted to each phase. At the end of each phase, any unsold tokens are burned. So the earlier you get in, the more your stack will be worth when the platform launches in mid-August.
When this bear market finally wakes up and gets busy, Gnox Token certainly has the potential to come out on top.