As the second phase of the Gnox presale sells out, the project has seen a 63% increase in sales, leading many to believe that the altcoin is a good investment. Even crypto analysts saw similarities between the Solana and Binance Coin’s presales.
With the project off to a great start and with the support of some major players in the industry, Gnox is definitely one to watch out for in the coming months.
Solana (SOL)
The blockchain network of Solana enables the development of scalable decentralized apps (DApps). Its widespread adoption is predicted given that Solana is the blockchain infrastructure that processes the most transactions per second and is the fastest in the world. As a result, the blockchain industry’s Solana ecosystem probably grew the fastest.
The project stands out a little more in the sea of cryptocurrencies because it executes on its own blockchain network and uses the same native token, Solana, for transaction fees and peer-to-peer transactions. According to Solana, the SOL coin will cost $450 per token by 2022, an increase of more than 450 percent from its present price.
Binance Coin (BNB)
The largest cryptocurrency exchange in the world is Binance. As a native token and one of the most well-liked altcoins, Binance is the fifth-largest cryptocurrency by market capitalization.
On May 10, 2021, BNB reached an all-time high of $690.63, demonstrating that it was a token with enormous potential and an undeniably bullish life cycle. The coin’s wide range of applications and the success of Binance as a platform both contribute to its widespread adoption.
At its current price of $269.41, Binance Coin (BNB) is expected to reach $500 before the year is out and $610 by the end of 2023. Investors in Binance Coin (BNB) can anticipate steady returns as the currency maintains its growth over time with few declines.
Gnox (GNOX) and its presale
Even before the Gnox platform officially launched, early investors have already made gains of more than 63 percent. A rise in the price of the token over the coming month is all but guaranteed because additional gains are essentially built in.
This is due to the fact that during the presale, a sizable portion of GNOX tokens was burned on the 12th of each month, every 30 days. Investors have a good incentive to invest now. All unsold tokens will be burned prior to the launch. This guarantees a fair launch and will undoubtedly significantly raise the token’s price one more time before it is released onto the market.
Gnox is an investment token where investors can access a diversified portfolio of passively generating crypto assets by purchasing and holding its token. “Yield farming as a service” is what they call it.
Gnox has a real chance of becoming the first DeFi token to experience widespread consumer adoption over the course of the upcoming bull run thanks to a deflationary token supply and airdrops from transaction fees that ensure the supply is constantly decreasing and the stacks are constantly growing.
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 sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/07/as-gnox-gnox-presale-phase-2-out-of-3-sells-out-experts-show-similarities-to-the-solana-sol-and-binance-coin-bnb-presales