Quality Investment For Bullish Returns: Gnox (GNOX), UniSwap (UNI) And Solana (SOL)
There’s a fine line between crypto investing and gambling. If you’re investing in low-quality assets with lots of hype and little adoption, you’re essentially a gambler, not an investor. However, if you’re an investor who is looking for some high-quality assets to add to your crypto portfolio, here are a few that you might want to check into.
The first thing you’ll learn about Uniswap in any article is that it’s the world’s largest decentralized exchange (DEX). The platform recently blew past the $1 trillion mark in total trading volume.
The first DEX to gain mainstream adoption, Uniswap is built around automated market maker contracts. Investors deposit tokens into these contracts to provide liquidity for the exchange. In return, they earn a cut of the transaction fees.
Currently priced at $5.29, Uniswap is trading well below its 200-day simple moving average (SMA). According to Coin Price Forecast, UNI could rise to $10 within the next year and a half and could couple within the next five years. Moreover, CoinCodex predicts that UNI will see an $ 8.00 price tag before the end of July.
The general consensus these days is that Solana has the best shot at substantially eating into Ethereum’s market share at least in terms of NFT sales. The Solana network is far faster and far less expensive to use than Ethereum.
Just recently, Solana announced that it would be launching its own smartphone. Although we’re light on details at this time, the device could even be capable of earning SOL tokens. If that happens, it’s bound to greatly increase brand loyalty.
Several DeFi platforms are chugging away on Solana including Serum, Raydium, Oxygen, and Saber. Watch these platforms as well as NFT marketplaces like OpenSea to gauge the rising SOL adoption.
Gnox is a DeFi utility token that has been rising in the public eye. Offering “yield farming as a service,” this platform is bound to be very appealing to new investors and those who don’t have the time to research and babysit their crypto investments. All they have to do is buy and hold GNOX tokens to enjoy ongoing passive income.
A portion of the aftermarket sale of GNOX tokens goes into a treasury. A team of experienced DeFi analysts invests community treasury into a variety of yield-farming platforms to distribute risk and generate passive income. The gains are harvested and then distributed back to GNOX holders through various mechanisms including burns and airdrops.
Because the treasury is funded by a royalty on aftermarket sales, the total amount of assets invested into it will always be growing and thus producing more and more passive income.
The platform officially launches in mid-August. However GNOX token is currently in presale until August 12th. Monthly burns assure that early buyers will see gains before the platform even launches. Moreover, all unsold tokens will be burned once the presale is over again increasing the price of the token.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
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