Forecasting Solid Profits On Bullish Reversal: Gnox (GNOX), Tron (TRX) And Ethereum (ETH)
Throughout history there have been doomsayers. That’s especially true in bear markets. Crypto prices are way oversold on the RSI and the Fear & Greed Index has been at record lows for weeks now. These conditions have only happened at the lowest bottoms. And yet, some gloomsayers are projecting even further doom.
However, if history is any indication, the markets will soon swing back in the other direction as they always do. Here are three cryptocurrencies that you might want to consider stacking now, before they start to take off again.
Tron’s use case has traditionally been decentralized file storage and content distribution. However, Tron is now working on adding on a stablecoin ecosystem to its Layer-1 blockchain. This is bound to vastly expand the potential use cases — and the demand — for the coin.
Stablecoin are programmed so that their value remains pegged to one U.S. dollar. When the price dips below, TRX holders can buy them on the cheap, and when the price gets overheated, they can be converted back to TRX. The more stablecoins the platform mints, the more demand there should be for TRX.
Even without the stablecoin, TRX already has a history of outperforming other altcoins during bear markets and outperforming Bitcoin and Ethereum during bull markets.
In the battle for Layer 1 blockchain supremacy, it’s going to be hard for the rest of the pack to keep up with the leader, Ethereum — especially after the network fully converts to a proof-of-stake consensus mechanism.
The prime smart contract platform has the largest development community and the highest usage of any blockchain. If Ethereum can manage to get its gas prices under control it will certainly pull away from the rest of the pack, so keep an eye out for news on that.
As the market stands today, several crypto analysts are expecting the price of ETH to surpass $10,000 by 2025 and $20,000 by 2030 — a 1600% return in just 8 years.
Gnox Token (GNOX)
Gnox is an upcoming DeFi utility token that will be launching in mid-August. However, crypto investors have the opportunity to get on board this project before it takes off. Early adopters have the potential to earn some nice returns between now and then due to monthly token burns. Also, any unsold GNOX tokens will burned upon launch all but guaranteeing a substantial gain.
Buyers could potentially sell their initial investment at a profit at that time, or, better yet, hold on for the long term. GNOX holders can earn ongoing passive income simply by holding the token through what Gnox calls “yield farming as a service.”
Interestingly it won’t matter whether the market is bullish or bearish because all aftermarket sales of the GNOX token are subject to a 10% royalty that goes right into the Gnox Treasury which is used to invest in passive income opportunities.
This means no matter which way the market is headed, the treasury grows bigger and bigger and produces more and more passive income over time. On top of that periodic burns and airdrops continue to multiply GNOX holdings.
You have until August 12th to take part in the token pre-sale, however, the earlier you get on board the greater the gains you’ll see upon launch.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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