Investors are feeling the bear market blues with a protracted period of lower lows on the horizon. This situation is not unique to crypto, with asset classes globally suffering large setbacks. Crypto has been hit harder than the rest due to its classification as an extremely high-risk asset. Therefore it is the first to be offloaded in times of global uncertainty. However, hope is not lost and this article features three crypto projects that will help investors salvage their portfolios in this sea of red.
Ethereum (ETH)
The second-largest crypto by market capitalisation and a ‘blue chip’ within the crypto class having occupied the top ten for years. The first blockchain with smart contract capability Ethereum allowed the development of DeFi (decentralised finance) and this is a project here to stay. Currently trading at close to $1,500 down from an ATH (All-Time High) of $4,800, ETH promises an easy 3X for investors.
Scheduled for 2022 is Ethereum’s Serenity upgrade which will see the Beacon Chain launched, multiple shard chains, sharding implemented, and the transition from Proof of Work (PoW) to Proof of Stake (PoS). This will transform the Ethereum network and likely be a catalyst for the next bull cycle. Ethereum’s TPS (transactions per second) will go from an average of 13 to a conceivable 100,000. Investors should load up whilst they can.
Cardano (ADA)
Another ‘blue chip’ crypto, ADA entered the top ten by market cap in 2018 and has remained there since. Developed by Charles Hoskinson, this project has gone from strength to strength, recently adding smart contract capability and recording more than 3,000,000 unique wallet addresses.
The Cardano network utilises Proof of Stake (Proof of Stake) to secure its network, and one of the most bullish signs is the sheer volume of ADA staked on the network. More than 73% of the total supply is staked; investors only stake crypto when they expect it to appreciate in the future. Currently trading around $0.50 down from an ATH (All-Time High) of $3, ADA is a token that investors would be foolish to miss at its current price.
Gnox Token (GNOX)
Gnox is a new token scheduled to launch on the Binance Smart Chain (BSC) at the end of Q2 2022. Investors currently have the opportunity to partake in the presale and people who have been in the crypto space a while know that early investors are always rewarded. GNOX has already seen its price appreciate by 52% thanks to its dynamic pricing model and an investor rally following the team completing KYC procedure.
Gnox is the first protocol to offer yield farming as a service and will leverage the growth of DeFi to expand. As it stands, DeFi investment is complicated and time-consuming, it requires a great amount of attention from investors. Gnox plans to change the way investors interact with DeFi and has streamlined the process into a single investment vehicle. Infinitely scalable and suitable for retail and institutional investors, this token’s hype is well deserved. Analysts have singled out this protocol for its ability to generate an ever-increasing passive income stream, and it is a must-have for the coming crypto winter.
Find Out More Here:
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
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