Investors from Fantom, Avalanche, and Polygon are among the most powerful and wealthy groups of crypto holders, and they play a major role in influencing the price. Recently, the attention of these investors has been drawn to Gnox, an emerging project with huge potential.
On the 13th of June 2022, Bitcoin crossed the 200-week moving average. This caused chaos in the markets and resulted in a major crypto crash. Since then, Fantom (FTM) has performed quite well and is up over 69%.
At the time of writing, Fantom is trading at a respectable $0.33 with a market capitalization of $839 million. It is still down just over 90% from the all-time high of $3.49, set on the 28th of October 2021.
Two significant issues have been present in the Avalanche projects. The first is the declining price, and the second is the declining participation of Avalanche holders in the initiative. This explains why there have been fewer trades on the Avalanche over the past few weeks.
Since its founding in 2017, Polygon has continually worked on cryptocurrency platforms and Web3 products, facilitating access to the potential of these two technology spheres.
Polygon is still approximately 70% behind its all-time high even after its latest price increases. Some investors would view this as a chance to purchase. But remember that purchasing cryptocurrency after a significant rally can be dangerous.
Gnox’s (GNOX) outstanding presale performance
The massive presale sell-out of Gnox has attracted investors’ attention from all over. The innovative strategy used by the project to bridge the gap between the crypto and fiat worlds while showcasing the benefits and usability of the DeFi world to the general public has largely contributed to the hype surrounding Gnox.
In exchange for the service, Gnox, one of the first reflecting tokens to use yield farming, allows holders of $GNOX to receive a portion of the higher return yields that the Treasury can get from other protocols. It’s as simple as purchasing, holding, and receiving an automatic earnings return with Gnox to generate passive income.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register