The Bitcoin Hash Ribbons indicator has been flagged, and this indicator identifies periods where Bitcoin miners are forced to turn off due to a price drop. The underlying logic is that when miners are unprofitable due to the price of Bitcoin being at a major low, it offers long-term investors a brilliant buying opportunity. Following the four-year cycle, the macro bottom has either formed or is close. Logically following, the primary direction of the price will be upwards.
With peak inflation already over, a robust labour market, and the American mid-terms in November, Jerome Powell is unlikely to introduce a tough rate hike in September. The DXY (US Dollar Currency Index) appears to be running out of steam, and the dollar’s strength is inversely correlated to the valuations of cryptocurrencies. As it drops out of its parabolic run, digital assets will rally. Gnox (GNOX), Eos (EOS), and Sandbox (SAND) holders are all ready to see some serious gains this September.
Gnox (GNOX)
Gnox makes DeFi (decentralised finance) earning easy. Gnox leverages buy and sell taxes to build a treasury fund deployed within DeFi protocols in a multitude of strategies, including yield farming, staking, and lending protocols, to generate yield for investors. The resulting interest payment is swapped into stablecoin and split amongst investors each month. On top of this dividend, GNOX holders receive an hourly distribution of stablecoin.
The Gnox treasury has generated more than $85,000 since launching a few days ago, and this number continues to climb. With increased trading activity in September, the treasury will continue to grow and expand its earning capabilities. Leading to larger reflections making GNOX more desirable and thus an increased valuation from the market.
Eos (EOS)
Eos is a third-generation blockchain with immense throughput. Launched in June 2018, the developers behind Eos focused primarily on building a user-friendly blockchain for the community. Eos is unique in its design and can accommodate projects that other layer one protocols cannot.
Eos has formed a brilliant community of talented developers with its continuous focus on education. With the increasing risk-on environment and money flowing into DeFi, Eos is the perfect infrastructure to capture much of this incoming liquidity.
Sandbox (SAND)
Sandbox is one of the largest DeFi real estate brokers and a pioneer in the exploding metaverse gaming scene. The global gaming industry is worth more than $300 billion and is one of the largest developing trends within the digital asset space. Sandbox is a blockchain-based game with a developing community, and SAND, the native token, powers the entire ecosystem.
With the growing risk-on environment and increased capital allocation, SAND holders are ready for a very bullish September. And as metaverse gaming continues to attract more funding, Sandbox will undoubtedly benefit.
Find Out More Here:
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Website: https://Gnox.io
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Source: https://coinpedia.org/press-release/gnox-eos-and-sandbox-holders-are-preparing-for-bullish-september/