Gnox (GNOX) Targeted By Researchers As Top Gem To Buy Instead Of Synthetix (SNX) Or Curve DAO (CRV)

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Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Jul 26, 2022


    Gnox (GNOX)

    Gnox is the first protocol to offer yield farming as a service and will be launching on the BSC (Binance Smart Chain) in Q3 this year. Following a hugely successful second presale phase, which completely sold out, Gnox has begun its final presale stage. Moving closer and closer to its launch date, with the current bullish sentiment, GNOX will begin its price discovery with no psychological resistance levels, giving GNOX vast potential to rally at launch. 

    Researcher’s Opinion

    Gnox has been singled out as a top crypto gem due to its growth-orientated focus. This protocol has been hard-built by developers to reward long-term holders and deliver increasing stable coin reflections over time. Gnox makes DeFi (decentralised finance) investment more manageable and accessible to the average crypto investor. And this low-touch passive income stream is likely to prove highly popular with crypto whales looking to generate dependable monthly income. Gnox’s growing stablecoin revenue stream generated by the protocol’s expanding treasury is what makes this token so valuable.

    Synthetix (SNX)

    Synthetix is a decentralised liquidity protocol that brings derivatives to the DeFi ecosystem. This protocol has drawn attention due to its ability to import real-world data onto the blockchain via decentralised oracle feeds. It allows users to trade and speculate on assets outside of the blockchain. Synthetic is a synthetic asset issuer, and investors can mint Synths on the protocol, which track the value of a real-world asset such as gold or fiat currency. Synthetix has broadened the scope of investment within DeFi.

    SNX is the utility token of the protocol and currently trades at $3.36. SNX is required to be collateralised so investors can mint Synths. With current market conditions, demand is expected to increase as investors seek exposure to more traditional assets in the current risk-off environment. 

    Curve DAO (CRV)

    Curve Finance is an automated market maker that uses liquidity pools to deliver greater swap efficiency for traders. Curve Finance has focused primarily on stablecoins and has benefited massively from the huge proliferation of stablecoins within the digital asset space. 

    CRV is the governance token of the Curve Finance protocol, and members vote on how Curve decides to distributive incentives. So CRV token holders can direct the rewards of the CRV token on the platform, which drives the desirability of this token. CRV currently trades at $1.28. With increased market volatility and greater demand for stablecoins, Curve Finance will see an inflow of liquidity from investors looking to generate yield with stable assets. Meaning the ability to direct incentives is more desirable, and thus CRV is in a great position to appreciate in the coming months.

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    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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