The world is sliding into a global recession with dysfunctional supply chains, rising inflation, and global uncertainty. This year has been a challenging year for many crypto investors, watching the value of their portfolios steadily drop, and many are searching for investments that will fly during the next bull market.
‘Buy low. Sell high.’ These are words every investor would be wise to heed, and with current market conditions investors who can stomach the downtrend are busy buying in anticipation of the next bull market.
This article features 3 brilliant crypto projects for long-term investors looking to 10X their investment.
Near Protocol (NEAR)
The Near protocol is a layer one protocol with smart contract capabilities which has focused explicitly on decentralised applications (Dapps). Near protocol has made creating their platform to be user-friendly their top priority, and they are excelling in the DeFi sphere. The protocol utilises its unique Nightshade sharding technology, which gives it fantastic throughput, and it relies on Proof of Stake (PoS) consensus mechanism, meaning the NEAR token can be staked to help secure the network and generate revenue.
NEAR is heavily tied to the development of DeFi and currently trading at $5. NEAR is a token primed to fly in the next bull run, with more and more people and Dapps migrating to the network, and given the consistent growth of DeFi, NEAR should be on every investor’s list.
Solana (SOL)
The Solana network and its native token SOL saw one of the most explosive runs of any crypto project throughout 2021. Currently trading just below $40 having suffered a brutal retracement of more than 85% from its All-Time High (ATH) of $259.
Solana is colloquially known as the ‘Ethereum Killer’ and promises the next generation of blockchain performance touting a theoretical TPS (transactions per second) of 50,000. With such strong performance and the consistent growth of the network SOL at its current price represents a huge opportunity for investors.
Gnox Token (GNOX)
Gnox is a new protocol looking to reshape the manner in which market participants interact with DeFi. Now in its presale phase and with plans to launch at the end of Q2 on the Binance Smart Chain (BSC) many analysts have already weighed in on this new protocol and marked it as a project to watch.
Gnox will be the first protocol to feature a treasury designed specifically for the investor. The tokenomics feature buy and sell taxes, so for every transaction of GNOX part of this tax goes to funding the treasury. This treasury is put to work in various DeFi protocols and all of the generated yield is then split amongst token holders proportionate to number of tokens held.
Gnox is building a protocol that naturally favours long term investors and is building a growth orientated passive income stream. On top of this, the token reflects stablecoin and is launching in a bear market, where stablecoins are highly prized by investors. Analysts have stated that Gnox should be on everyone’s list and could feasibly do at least a 10X.
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
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/2022/06/best-long-term-cryptocurrency-investments-for-10x-returns-near-protocol-near-solana-sol-gnox-token-gnox