The bear market has arrived, and novice investors are feeling the cold. Bitcoin slowly descends and drags the rest of the market with it, altcoins are bleeding, and anyone who invested in this cycle is likely looking at huge losses within their portfolio. But DeFi (decentralized finance) continues to boom with more and more investors looking to generate passive income with their crypto holdings. This article features three projects to bolster any portfolio in the prevailing market conditions.
Gnox (GNOX)
Gnox brings DeFi earnings to ordinary crypto investors and is primed to see an enormous influx of capital when the community realizes the convenient source of passive income Gnox offers. Gnox is the leader of a new generation of reflection tokens that aims to make DeFi earnings more accessible to a greater share of market participants, and it does this through its treasury. The protocol’s treasury is funded via buy and sell taxes, meaning all trading of GNOX grows the treasury. It is deployed within DeFi, and the proceeds are distributed amongst investors monthly.
With its growth-orientated design, Gnox will be paying out significant stablecoin reflections within months, and naturally, this will push the price of GNOX up. Investors participating in the presale are now taking advantage of the protocol’s potential to be misunderstood by the market.
Avalanche (AVAX)
Launched in September 2020, the Avalanche network has become a foundational part of the DeFi ecosystem and will play a significant role moving forwards. Avalanche is a layer one protocol that addresses the typical trilemma of scalability, security, and decentralization. When Ethereum introduced smart contract capability, the crypto world changed forever. But due to Ethereum’s low throughput using the network is prohibitively expensive. And the development of so many layer one protocols and their subsequent success proved how desirable low-cost and high-speed transactions within DeFi were for the crypto community.
Avalanche is the fourth largest chain ranked by TVL (Total Value Locked), and AVAX, the native token of the blockchain which powers the ecosystem, has significant room for growth.
Fantom (FTM)
The Opera network utilizes a DAG (directed acyclic graph) instead of a blockchain which allows for the simultaneous validation of transactions making Fantom a network like no other. Offering lightning-fast transactions at fractions of a cent, Fantom has rapidly become a key player in the realm of DeFi. This layer one project offers excellent scalability and is a future blockchain, providing the necessary infrastructure for the coming influx of new blockchain users. The native token FTM has seen a heavy retracement. According to a senior technical analyst, the price has bottomed out, meaning that FTM’s current price point represents the period of maximum financial gain.
Final Thoughts
Gnox makes DeFi earnings accessible and will draw a large crowd of crypto investors looking to simplify their earning strategy. Avalanche & Fantom are layer one protocols that will play critical roles in the multi-chain future of crypto. All three of these projects are fantastic opportunities for investors with value-driven perspectives.
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
Source: https://www.cryptonewsz.com/these-defi-tokens-may-bolster-your-portfolio-gnox-avax-and-ftm/