The cryptocurrency market has been declining over the last six months, with its valuation falling from well over $3 trillion in November 2021 to $1.23 trillion in May 2022.
Concerns about continuously increasing inflation, the Federal Reserve’s hawkish stance, and the ongoing crisis between Ukraine and Russia caused investors to reduce their exposure to risky assets.
Furthermore, their growing thirst for safe-haven assets such as the US dollar weighed on demand for some of the biggest cryptocurrencies and US equities.
Despite the bear market, there are several projects that are ideal for anyone looking for money-printing tokens. Let us examine Gnox and Dogecoin.
1. Gnox (GNOX)
Gnox is built to appreciate in value throughout bull and bear markets. It also provides a continual passive income to its owners.
Gnox makes buying cryptocurrency really easy. Buying and holding the token is all that investors need to do. A common treasury is regularly expanded via a 10% royalty on token sales. To spread the risk, the treasury invests in a variety of passive income opportunities across a number of platforms and blockchains. The gains from those investments are then put to use to repurchase and burn GNOX tokens, steadily decreasing the supply.
A skilled group of DeFi analysts manages all assets. Gnox has created a program that collects information on potential sources of passive income from all throughout the cryptoverse. Voting on which prospects are worth investing in is available to holders.
2. Dogecoin (DOGE)
A decentralized peer-to-peer digital currency known as Dogecoin first appeared in 2013 and later rose to prominence during the 2017–2018 cryptocurrency boom.
The idea behind Dogecoin was to develop an open-source, user-friendly Bitcoin substitute.
Although Dogecoin has adapted to a number of other blockchains, its preferred blockchain is the Binance Smart Chain because it has low transaction fees, quick transaction processing, and effective scalability.
Despite being older than Ethereum and Solana, Dogecoin has been shown to be just as versatile as the original assets.
For developers, the Dogecoin protocol offers virtually endless opportunities.
A $10 billion dollar meme tends to shake traditional investors to their core. It even scares many away from cryptocurrencies altogether. While many see this as a market top indicator, others still believe Dogecoin will hit $1 before the cryptocurrency bull market is over.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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