DeFi Tokens Poised for a Parabolic Move: Gnox and Dogecoin

Crypto has been moving sideways, a leg down, and more sideways movement. Investors look at their portfolios with a sinking feeling of dread, and this is not unique to altcoins fanatics- even Bitcoin Maxis have seen their portfolio value plummet. However, those more exposed to altcoins have seen heavier losses, with some coins posting losses of more than 90% since highs in November 2021. But all investors would be wise to hold an adage in mind: ‘The bigger the base, the higher the space.’ The longer this accumulation phase lasts, the greater the support and the more violent the movement upward is.

This article features two crypto projects primed for a parabolic run.

Gnox (GNOX)

Gnox is a token in its presale phase scheduled to release later this year on the Binance Smart Chain (BSC). Investors currently have the opportunity to join the project at the ground level. Anyone who has been in the crypto sphere for some time is aware of the potential for financial gain that comes with investing early in the right project.

Gnox offers yield farming as a service and is a new type of reflection not yet seen in the market. Gnox will reflect stablecoin to its investors every thirty days. Its tokenomics include buy and sell taxes that fund a treasury, which is then deployed within DeFi to generate yield. It is the first protocol with a treasury designed for the benefit of token holders and theoretically should continue to grow with time leading to increasing stablecoin reflections for investors.

Dependant on the treasury’s success, this token has enormous potential to the upside, promising investors an easy passive income stream. If the reflections in stablecoin are sizeable, this token will become a hot commodity, and the price will inevitably moon. Many investors are betting on this, and early participants in the presale could see astronomical gains.

Dogecoin (DOGE)

DOGE initially launched as a joke based on the viral Doge meme that swept across the internet in 2013. However, DOGE’s performance as an asset has been anything other than a joke. DOGE has seen multiple pumps, sometimes caused by Elon Musk tweeting and sometimes caused by tik tok trends. Investors who bought at the start of 2021 witnessed an enormous rally. If they had sold at the peak in May would have netted more than a 15,000% increase on their investment. In dollar terms, a $100 investment would have yielded more than $15,000 in returns.

It is currently trading just above $0.06. DOGE truly can go parabolic. With a strong community backing and the unpredictable nature of crypto factored in, there is very little stopping this coin from shooting above $1 when the market sentiment reverses.

Find out more about Gnox here: Website, Presale, Telegram, Discord, Twitter, Instagram.