Gnox (GNOX), Bitcoin (BTC) and Litecoin (LTC)
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After a sharp rise in interest rates this year as the Federal Reserve and other central banks battled to control the highest inflation in more than 40 years, investors have battled uncertainty and fear. Although higher prices can reduce inflation, they also slow the economy and increase the likelihood of a recession. It has helped to drive down the value of stocks, bonds, cryptocurrencies and other investments.
On the other hand, cryptocurrency has taken the world by storm, especially in the last few years. Bloomberg says the total value of all these digital currencies has risen to around $2 trillion. Of these, Bitcoin is the most popular, worth more than $800 billion on its own, according to CoinMarketCap.com. Investors have warmed to this digital gold rush, often with little knowledge and much hope.
Although investing in crypto sounds like a good idea, finding the right coins to invest in is not an easy task. In this article, we show the top three interesting and profitable cryptos in the market: Gnox, Bitcoin and Litecoin.
GNOX (GNOX)
Gnox, the first protocol to provide yield farming as a service, is expected to go live on BSC in the third quarter of this year (Binance Smart Chain). Despite the bear market, Gnox is still developing and achieving its roadmap goals. Most protocols avoid launching during a bear market, preferring to launch during a bull market, but Gnox continues, indicating that this team is aware of the real value it brings to the sphere.
A low-touch investment vehicle created by Gnox’s developers offers investors exposure to DeFi (decentralized finance) revenues and a monthly stablecoin reflection. In addition, GNOX tokens are automatically redistributed to holders every hour. This is a token that was specifically created with long-term owners in mind, with buy and sell taxes implemented on every trade. As the market absorbs this information, expect GNOX to rise because it has a treasury protocol that expands over time and produces more stable coin reflections.
Bitcoin (BTC)
The lifespan of Bitcoin has been the longest of any cryptocurrency. We can understand why it is the leader given the fee and market capitalization, both of which are significantly higher than any other crypto investment option.
It is a wise purchase. Similarly, many companies already accept bitcoin as payment. For example, Visa uses bitcoin for transactions. Additionally, after a four-year cryptocurrency hiatus, Stripe will allow users to accept bitcoin payments. The larger banks have also started to include bitcoin transactions in their services.
Litecoin (LTC)
One of the earliest cryptocurrencies and one of the only complementary cryptocurrencies on the market is Litecoin, which was introduced in 2011.
As the “silver to Bitcoin’s gold,” Litecoin has helped Bitcoin advance by serving as a beta testing environment for new features like the Lightning Network. Litecoin approves transactions faster than Bitcoin, making it more desirable for business transactions. But this cryptocurrency will continue to play a supporting role for Bitcoin and the growth of the ecosystem. Its long track record makes it a great option for investors.
LTC is currently trading at $59.31, has seen three full market cycles and recorded three consecutive ATHs (All-Time Highs), achieving a feat that very few cryptocurrency projects have achieved.
Learn more about Gnox:
Join the pre-sale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Disagreement: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram:
