Crypto winter has arrived. Many investors feel squeamish and look at their portfolios with dread. More prudent investors understand this to be the greatest opportunity for financial gain. Bitcoin leads the market. When Bitcoin dominance rises whilst Bitcoin is in a downtrend, it means altcoins will take a big hit. Altcoins famously move in the same direction as Bitcoin but with greater force- a 10% decline for Bitcoin can easily mean a 25% retracement for altcoins.
The market is full of gems for investors ready to scoop up projects at bargain prices. This article features three projects that easily have the potential to 10X when the market recovers.
SOL native token of the Solana network is one of the big players when discussing the next generation of blockchains. The Solana network offers incredible speed and low-cost transactions, boasting an average TPS of 3,000 with a theoretical TPS of 65,000, far faster than other blockchains and anything currently available in TradFi (traditional finance).
Solana has its own ecosystem, and following the release of the Neon EVM there is a compatibility layer with Ethereum. It is the sixth-largest network judged by TVL (Total Value Locked), the most common metric to evaluate the size of a blockchain’s ecosystem. Currently trading just below $35 with an ATH (All-Time High) of $259, SOL is presently a steal and a coin that will fly during the next bull run.
ADA is the native token of the Cardano network, which solves the scalability problem faced by the Ethereum network. The Cardano network also utilises Proof of Stake (PoS), meaning it is far more environmentally friendly than other blockchains such as Ethereum, which rely on the PoW (Proof of Work) consensus mechanism.
ADA currently trades at nearly $0.50, down from an ATH (All-Time High) of $3.10. With multiple upgrades to the network, including the Alonzo update, which brought smart contracts capability and the number of unique wallet addresses continuing to swell ADA is a coin ready to run when the market sentiment changes.
Gnox Token (GNOX)
Gnox is a brand new project many crypto analysts are hailing as ‘bear-proof.’ Scheduled to launch on the Binance Smart Chain (BSC) at the end of Q2, Gnox is in its presale phase and has already seen its value shoot up by 52%. Gnox is the first protocol to offer yield farming as a service.
DeFi investment is complicated and requires lots of time; Gnox has reduced this process into a single investment vehicle. Just by holding GNOX, investors will be active participants in DeFi. This is made possible by the protocol’s treasury which is designed and utilised for investors. This new reflection token which pays its investors in stablecoin, is a must-have for every investor during a bear market. When the token launches onto the market and participants begin to see the returns of the treasury the token’s value is guaranteed to fly.
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