DeFi (decentralized finance) enthusiasts need to fasten their seat belts. Because Bitcoin broke above the 50-day moving average on the daily chart with the latest price action. Therefore, the bullish sentiment prevails in the market once again. Altcoins, especially DeFi tokens, will move violently in the coming months. Gnox (GNOX), Phantom (FTM), and PancakeSwap (CAKE) are excellent choices for investors looking to grow their net worth.
Breakthrough crypto in DeFi investment: Gnox (GNOX)
Gnox shakes up the entire process of DeFi investment and offers a non-trivial solution to passive income generation in the emerging economic space. Earning in DeFi is time consuming and complex. It obliges investors to constantly look for new return opportunities and monitor their funds closely. Gnox has turned this whole process into a single investment tool.
Holders of GNOX will receive the equivalent of a monthly stablecoin provided by the protocol treasury, in addition to the hourly distribution of GNOX tokens. The protocol includes trading taxes that fund the treasury and increase their earning abilities. What makes Gnox such a great choice is its long-term perspective. Gnox, whose treasury is constantly accumulating and the principal is never touched, is preparing to offer increasing payments every month. Gnox is a passive income machine, and one that is underpriced by the market.
DeFi king Phantom (FTM)
Phantom with the title of “The Unofficial King of DeFi” is the first layer protocol that constantly shocks investors and offers some of the best network performances. Phantom was launched in 2019 and Opera Network sets itself apart from other typical Blockchains by using a DAG (directed, acyclic graph) that allows for simultaneous verifications and much faster transaction certainty.
The Phantom Incentive program rewards developers for building robust Dapps (decentralized applications) on the network. As a result, Fantom has one of the most dynamic ecosystems focused on creating value rather than capturing value. This makes it a DeFi powerhouse. The native token, FTM, is currently trading at $0.32 from its peak of $3.40. FTM will rise from the ashes and fly again. On-chain analysis shows that whales already understand this and buy the token in droves.
The last cryptocurrency on the list: PancakeSwap (KEK)
Arguably the most famous DEX (decentralized exchange) within DeFi, this food-themed exchange was launched in 2020 by anonymous developers. Then, it became the cornerstone of the ecosystem. PancakeSwap has almost unlimited earning opportunities and the native token CAKE is an incentive token given to liquidity providers.
The centrality of PancakeSwap in the world of DeFi cannot be underestimated. Most DeFi protocols use the BNB-CAKE pool in their reassumption process. CAKE is trading at $3.45 and many traders are busy earning CAKE at its current price. Many are expecting it to exceed the previous ATH (All-Time High) of $44, which means all returns generated are overloaded. You can get more information about GNOX at the following links:
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