The descent of the cryptocurrency market has raised concerns among investors. People who came into the crypto space looking for earning opportunities are now feeling pressure to sell their digital assets. But instead of selling, smart investors are searching deeper into the market for cryptos that are defying the downward pull of the market.
From that search, experts have identified three cryptos: Gnox (GNOX), Internet Computer (ICP), and Gala (GALA). While the rest of the market struggles to survive the bear market, these three cryptos are making gains for their investors.
Gnox (GNOX)
Geared toward benefiting loyal users, Gnox has a unique mechanism for generating passive income and rewards. This DeFi earning solution imposes a 10% buy-and-sell tax on all transactions. A percentage of the tax is distributed to current token holders as a reward. Another 6% is placed in a treasury, which is used to invest in various DeFi opportunities and digital assets. All the gains made from using the treasury are passive income for investors.
Gnox is gaining so much interest from prospective investors and DeFi users, which has helped drive the price of its token, GNOX. The token value for those who bought GNOX at the start of its presale period has already increased 63%. As Gnox nears its launch, which is set for August 18, the price of its token also continues on an uptrend.
Internet Computer (ICP)
Internet Computer is a set of protocols that aims to remove the reliance on centralized internet cloud providers. It leverages global data centers that are independent of each other. Internet Computer is said to be the first blockchain to operate at web speed. It has a special mechanism and interface that enable blockchain access directly on web browsers, which makes it very ideal for mainstream use.
That is perhaps why the trading volume of its coin, ICP, has been healthy despite the bearish market. This token has also been identified as one of the best long-term investments for 2022. Currently, ICP is trading at $5.52 but it is expected to increase to $6.62 in the second half of 2022 and to $9.77 in 2025.
Gala (GALA)
Gala has a play-to-earn model and, as such, resides in one of the most exciting corners of web3. Built on Ethereum, the network runs the Gala Games and has approximately 14 games in development. Gala is highly community-driven and has over 7.5 billion GALA tokens in circulation.
The price of GALA today is $0.053241. Last year, this token made headlines because of a whopping 30,000% gain. While GALA is not likely to replicate the same extent of growth, this nonetheless demonstrates the token’s strong earning potential once the market recovers.
The bottom line
The market may be bearish, but experts have identified cryptos that are shining amidst the devastation. Anybody who misses the opportunity to invest in these cryptos today–or worse, anybody who abandons the crypto market altogether–will only end up with remorse.
For 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/
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Source: https://coinpedia.org/press-release/with-bear-market-gnox-icp-gala-push-against-the-trend-to-supply-gains/