Why are BNB and Gnox Token (GNOX) Prices Holding Well Even in a Bearish Market?

Why are BNB and Gnox Token (GNOX) Prices Holding Well Even in a Bearish Market?
фото показано с : zycrypto.com

2022-6-6 21:37

The great bear market of 2022 might be coming to an end as we’ve seen some relief from dropping crypto prices in recent days. One way to tell which coins might do well in the coming bull market is to see which have performed reasonably well during the bear market.

Two crypto assets, in particular, have faired better than most. One is Binance Coin (BNB) which is destined to remain a top-5 cryptocurrency for a long time to come. The other is a newcomer called Gnox (GNOX) which has already seen growth in excess of 50% over recent weeks. 

Let’s dissect some of the reasons why these two coins have outperformed most others.

Binance Coin (BNB) – taking the world by storm

Binance is the world’s largest crypto exchange by daily volume. The native BNB token has managed quite well during the recent crypto bear market. While many altcoins have seen drops in excess of 90%, BNB is only down about 50% from its all-time high last November. Moreover, over the past couple of weeks, it has seen gains just shy of 50%. 

Much of this success is due to the fact that Binance has been racking up regulatory licenses across the globe including in several European and Asian countries as of late. Another reason for its recent success is that BNB Chain recently announced the launch of a new technical roadmap at the BNB Chain Revelation Summit. In February, Binance Chain and Binance Smart Chain merged to form BNB Chain. Now developers are working to enhance the network’s decentralized structure. 

The new roadmap includes the introduction of mainnet BNB Application Sidechains and a near-doubling of the number of decentralized validators to 41. Also, BNB is increasing its Block Gas Capacity to 200 million.

According to the BNB Chain team, increasing Block Gas Capacity will facilitate faster and cheaper transactions. “This improvement will mean a flawless dApp experience even amid peak network traffic.” 

Executive director of the BNB Foundation, Uri Ferruccio, recently told investors, “These technological advancements are significant as they will bring substantial changes for both the developer community and end users […] The emphasis will be on innovation, sustainability, strengthening the governance mechanism of BNB Chain, and investing heavily in security.

Gnox (GNOX) – for good times and bad

Gnox is a recently launched DeFi utility token that offers holders low-risk passive income opportunities. With its innovative “yield farming as a service” model, the platform rewards GNOX token holders with a passive income stream without any effort on their part. 

A portion of all GNOX token sales is added to a treasury. A team of experienced DeFi investors then draws from that treasury to invest in low-risk passive income opportunities such as staking and lending platforms and liquidity pools. All profits are then shared proportionally amongst holders of the GNOX token.

In addition to the shared passive income, the Gnox platform rewards long-term holders by redistributing 1% of all GNOX token sales to current holders once every hour. 

While the platform doesn’t launch until July 18th, Gnox already boasts a fast-growing community. The project has passed the KYC verification analysis by Soken DeFi and is also currently undergoing an audit with Certik.

The ICO presale is currently underway and ends on July 12th. Already, holders have seen more than 50% gains. It’s hard to imagine how the GNOX token could ever go down in value — even during a bear market — given that the treasury will be invested into low-risk passive income platforms rather than volatile altcoins. 

Learn more about Gnox:

Join Presale: https://presale.gnox.io/register

Website: https://gnox.io

Telegram: https://t.me/gnoxfinancial

Discord: https://discord.com/invite/mnWbweQRJB

Twitter: https://twitter.com/gnox_io

Instagram: https://www.instagram.com/gnox.io/

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market well coming crypto might bear prices

market well → Результатов: 126


Фото:

Cryptocurrency Market ‘Vulnerable’ to Lower Lows, Says Fundstrat Strategist

Fundstrat Global Advisors strategist Robert Sluymer has warned that Bitcoin and the cryptocurrency market as a whole are displaying signs of vulnerability.   ‘Price Structure Remains Weak’ Robert Sluymer from Fundstrat Global Advisors has said in a note Wednesday, February 6th, that Bitcoin and most of the cryptocurrencies display signs of vulnerability, Bloomberg reports.

2019-2-7 21:00


Фото:

Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.

2019-2-5 23:06


Фото:

LyCI – the New Generation of Crypto. Global Access to the Top 25 Cryptos in One Click!

Zug (Switzerland) – As the global crypto markets move cautiously into 2019 – the demand for a trading platform that offers stability, security and market access have never been stronger. Combining both traditional investment products as well as crypto assets into one trading platform, Swiss-based firm Lykke is proud to announce the launch of the […] The post LyCI – the New Generation of Crypto.

2019-1-29 17:03


Фото:

Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

2019-1-29 02:01


BitDroid: Professional Live Crypto Signals for Bitcoin Traders?

Bitdroid is an algorithm designed for actively analyzing price action within cryptocurrencies. Price action simply means the analysis of the order book as well as trades placed in the market. The algorithm generates layers of data structures as broken pieces that eventually serve as pockets of influences to address complexity and future project consequences. The […]

2019-1-22 05:27


US Agencies Top List of Law Enforcement Requests Sent to Crypto Exchanges

As the crypto industry grows, its increased use by both innocent cryptocurrency investors and malicious cyber criminals does as well. This has prompted government agencies and financial market regulators to take a deeper look at crypto transactions in order to track down potential criminal behavior in hopes of finding evidence that will lead to successful.

2019-1-19 23:00


LendaBit Review: Peer to Peer Cryptocurrency Collateral Lending Platform

LendaBit. com is a fintech startup developed by professionals with a unique blend of blockchain-based project experience, financial expertise, as well as global market intelligence. The LendaBit team is confident that distributed ledgers, blockchain-powered services, and smart contracts will lead to an entirely new digital world.

2019-1-18 22:34


Bitcoin and Crypto Markets Drop Slightly Following Recent Price Surge

Following yesterday’s market surge, the crypto markets have dropped slightly but Bitcoin is still trading well above its recently established support level at $3,550. Currently, most major cryptocurrencies are trading down 1% or more Analysts now expect the markets to trade within a relatively tight range for the near future, which could be proceeded by.

2019-1-16 00:00


Chainlink (LINK) surging: Don’t rush into buying, the pump phase is soon over

ChainLink has recently been performing really well in the market, so much so that it managed to briefly break into top 30 of the Coinmarketcap’s list of most valuable cryptocurrencies today. This positive price action which lasted ever since the beginning of last year’s December is showing no signs of stopping, as the token currently […] The post Chainlink (LINK) surging: Don’t rush into buying, the pump phase is soon over appeared first on CaptainAltcoin.

2019-1-15 19:17