The crypto known as Gnox is attracting many investors due to its strong presale performance. The project was able to gain the trust of many investors in a short amount of time, and over the course of a month, the company has continued to gain more investors as the price of the coin has increased.
Gnox has a strong team of developers who are constantly working on new features and improvements. It also has a strong community of investors who are willing to invest in the long term. Crypto experts predict Gnox has a bright future and is well on its way to becoming a top-tier DeFi platform.
Dogecoin (DOGE) and Shiba Inu (SHIB)
The price of DOGE is down this week despite its roadmap updates, and Polkadot has knocked it out of the top 10 cryptos on CoinMarketCap.
Dropping under $0.07 per token, the Dogecoin market capitalization is now approximately $9.2 billion, down 91% from its all-time high valuation in May 2021, when Elon Musk went on Saturday Night Live.
Shiba Inu, its closest meme coin competition, is likewise down 87 percent since October 2021 and is now ranked #16 with a market cap of $6.6 billion.
Investor interest in new meme currency presales is high, with Tamadoge (TAMA) raising over $575,000 in the last few days – part of Dogecoin’s losses may be the consequence of investors diversifying into the newest meme coins, which lack a billion-dollar market cap and have more possibility for growth.
What is Gnox (GNOX)?
Gnox is a DeFi platform that enables holders to earn passive income by simply acquiring and holding its token. The remainder of the work is performed by a team of experienced DeFi experts who examine the data scores of DeFi systems across many blockchains and then give the data to their holders along with their suggestions. They can vote on it or leave it to the professionals.
Gnox is a treasury-backed token. That is, the token reflects treasury ownership. The treasury is supported by a 10% royalty on all its token aftermarket sales. That means that every time someone purchases GNOX, the treasury grows. It makes no difference which way the market is going. When people bail out, the treasury grows. When people join in, the treasury expands. And as it expands, it generates more and more passive revenue for hodlers.
Gnox is currently holding a private presale with a limited supply of tokens. Once the presale is over, all unsold tokens will be burned which could greatly amp up the price before it hits exchanges.