Gnox (GNOX) Surges 63% With No Signs Of Stopping. Binance Coin (BNB) And Ethereum (ETH) In Buy Zone
The ruthless red candles are all over the crypto exchanges, as investors look to shed their losses. Not only has the market crashed to unexpected levels, but also betrayed those looking for a hedge against inflation.
Defying the odds, Gnox has turned the tables with a massive surge in its presale price. The earliest investors are already up by 63%, as the demand continues to grow before the launch in mid-August.
What is Gnox?
DeFi was born with the idea to take control away from centralized financial institutions and give it to the asset owners. It’s a revolutionary concept with a complex mechanism that is challenging for an entry-level investor to understand. Gnox solves this problem by offering “Yield farming as a service” to investors.
For the uninitiated, yield farming is a strategy to make crypto work for you, while you enjoy passive gains. With Gnox, the immediate risks have been eliminated by allowing the holder to earn interest without having to stake or lend. The platform has a purpose-built treasury with funds accumulated from GNOX transactions. These are deployed to various liquidity pools and lending protocols for passive income that is shared within the community.
No reflection project has ever come up with such a model where users can accrue passive rewards in stablecoins by just holding the token. It’s a perfect recipe for a long crypto winter and even beyond when things start moving north.
As Gnox continues to gain traction, BNB and ETH are down to levels not seen since 2020. We might still be far away from the bottom, but these are juicy levels to load your bags.
BNB is holding up above the 200-week SMA, which is a good sign, given that the asset lost significant value in the recent market downturn. Further upside may take it beyond $240 if the conditions are favorable.
On the other hand, Ethereum is trading just above $1000 price floor, which is of critical importance based on historical data. Last week, it did recover to $1250, but with the announcement of further delay in the upgrade, coupled with the overall market scenario has pushed the prices down. It is currently in a good buy zone to stack up some ETH.
Join presale: https://presale.gnox.io/register
Website: https://Gnox.ioc
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
