There’s one simple truth when it comes to investing that too many people ignore when they get the crypto trading bug. That is the fact that the strategy of dollar-cost averaging into an asset over time will beat any swing trading strategy. With that in mind here are three altcoins that could turn long-term investors into millionaires.
Biswap (BSW)
Biswap is the Binance equivalent of Ethereum’s Uniswap DEX. Decentralized exchanges are platforms that let users trade tokens on the Binance Smart Chain without a broker involved. Biswap’s superpower is its super-low transaction fees.
Because Biswap offers lower trade fees than Ethereum-based DEXs, the platform is expected to see exponential growth as the crypto market begins to heat up again and traders begin making money again. This means the BSW token could see a major surge in price. If the price hits the two previous resistance levels it could see 100% and 300% gains respectively and be back in price discovery mode before the end of the year. In the long-haul it could be the next millionaire maker.
PancakeSwap (CAKE)
PancakeSwap is another decentralized exchange running on the Binance Smart Chain. The platform offers yield farming opportunities that help users generate passive income. Investors can lock up a variety of cryptocurrencies and receive a portion of the transaction fees in the CAKE token as a reward. And the rewards are very enticing.
The ability to earn some nice passive income on cryptocurrencies is catching on with those who plan to buy and hold altcoins for the long term. As the bear market comes to an end, traders are bound to flock back to popular DEXs such as PancakeSwap in hopes of making their next million.
Gnox Token (GNOX)
Gnox is a DeFi utility platform that’s launching this summer. However, the GNOX token is currently in presale. And now is a good time to buy in as periodic token burns reduce the supply and increase the price. All unsold tokens will be burned at the end of the presale raising the price again before GNOX hits exchanges.
So what is GNOX? Another DeFi platform running on the Binance Smart Chain, GNOX offers crypto investors what they call “yield farming as a service.” A portion of all GNOX tokens is collected into a treasury that’s used to invest in passive income opportunities such as peer-to-peer lending, liquidity pooling, and staking across several DeFi platforms. All GNOX holders share in the passive income. While monthly burns assure the supply is eternally deflationary, daily airdrops assure that holder’s stacks are always growing.
Gnox’s simple but ingenious system gives the Gnox platform the potential to be the first investment token to see mass adoption and a sure millionaire maker in the long run. You can learn more about how it works on the Gnox.io website. While you’re there you can get in on the GNOX presale and make some money this summer.
Binance Coin (BNB)
Our final selection today is Binance Coin (BNB). Needless to say, if the above three Binance-powered platforms and scores of other popular Web3 applications end up being millionaire makers, then BNB itself is sure to do the same.
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/
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
