After months of pain, investors are rejoicing. The total market cap for crypto bottomed in June and ever since has been steadily climbing. Breaking out of its bearish trend and consolidating at new highs, its current price action indicates that a break-out is coming soon. With solid stock market performance and a growing risk-on environment, money flows into digital assets.
A new DeFi (decentralised finance) earning protocol Gnox (GNOX), has announced a surprise $50,000 capital injection to its treasury fund. This head start might be exactly what Gnox needs to explode out of the gate.
Gnox (GNOX)
Gnox is revolutionising the process of DeFi investment. It takes a long, convoluted, time-consuming process and distils it into a single token. By holding GNOX, investors are exposed to DeFi and the profits available within the sphere from yield farming and other strategies. However, thanks to the treasury, investors do not have to worry about impermanent loss, rug pulls, or any other surprises.
By employing buy and sell taxes to accumulate a treasury, Gnox developers have created a fund that earns for investors and provides a guaranteed monthly income. All generated yield is split amongst token holders every month and given the principal of the treasury is never touched, within a few months, the payouts should magnify in size dramatically.
Bitcoin (BTC)
Bitcoin has been trading in a band between $23,000 and $25,000 for the past month, and the entire time has been steadily inching upwards. Consistently putting in higher highs and lower lows, Bitcoin is flagging signals that soon it is going to break out of this trend. With the huge capital inflow to the sphere, specifically, BlackRock formally announcing long-term interest in BTC from institutional investors, Bitcoin is primed to rally soon.
Bitcoin’s price action is always best viewed retrospectively, and the current price point is sure to be considered as the accumulation opportunity of a lifetime during the next market cycle.
Polygon (MATIC)
Polygon has been on a tear recently. This altcoin has been leading the altcoin rally and being the layer two scaling solution built for the Ethereum network. The excitement surrounding the merge is channelling traders towards MATIC.
Rising to prominence thanks to its PoS (Proof of Stake) Matic sidechain, the developers have not slowed down and are currently focused on the development of Rollups. With a drastic spike in smart contract deployment on the network and a team of ingenious developers, MATIC is guaranteed to explode in value in the coming months.
Find Out More Here:
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
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