Do you remember DeFi Summer? It seems to be such a distant memory. Those who adopted dozens of DeFi tokens early saw life-changing wealth as many crypto assets returned thousands of percent of their profits.
Yes, when they peaked, they were all clearly overbought. However, the pendulum always looks in the opposite direction, and almost all of the crypto market is oversold at this point. The less people sell, the higher the price.
This is a great opportunity for DYOR with some promising cryptocurrencies as the crypto market will begin to return bullish in the coming months. There are three ideas that are collecting bullish emotions as the table spins.
Knox (GNOX)
Gnox has one advantage over the two assets listed below. That is, the platform has not been started yet. It will be officially released in mid-August. Launched at the end of the bear market, GNOX tokens not only plunged 90%, but therefore have the advantage of having no psychological resistance levels on the way to the Bulls launching a new stampede.
So what is Gnox? The Gnox platform provides crypto investors with a very easy way to invest in a diverse basket of cryptocurrencies while generating passive income. Gnox calls it “harvest agriculture as a service”.
Is there anyone bullish on GNOX? The fact that the last pre-sale round was sold out suggests a lot of excitement for this DeFi protocol. This could be the first DeFi platform to be mass adopted.
You can also participate in the final round of pre-sale on the Gnox.io website. As soon as the final round is over, all unsold tokens will be burned, after which the tokens will deflate forever, providing a certain amount of passive income.
NEAR protocol (NEAR)
The NEAR protocol aims to provide faster and cheaper transaction processing. NEAR is a layer 1 blockchain whose mission is to be the foundation of an unauthorized, decentralized “open web”. NEAR is currently one of the top 25 cryptocurrencies with a market capitalization of over $ 3.7 billion and a total locked value (TVL) of over $ 343 million.
Some of the most popular Web3 applications are built on NEAR, which has more than 10 million users worldwide, including Ref Finance, Burrow, Meta Pool, and Sweatcoin. Developers on the network have raised about $ 500 million from investors in recent months. NEAR prices rose 32% last week, indicating that assets are well within the oversold territory.
Ethereum (ETH)
On the ETH vs. BTC chart, ETH has recently kicked BTC a bit. When BTC recovered last week, ETH outperformed by a whopping 25%. There is a lot of talk around ETH and a complete network merge is planned. The network then completely removes the proof of work and runs solely on the proof of stake consensus mechanism.
Meanwhile, several Layer 2 platforms that provide business to Ethereum, such as Polygon (MATIC), which recently announced the launch of a zkEVM network that is fully compatible with Ethereum virtual machines, are also growing exponentially. increase. If you believe in Ethereum in the long run, now is the time to challenge this major crypto asset. This is expected to generate 10 to 100 times more profit over the next 10 years.
Details of Gnox:
Participate in presale: https: //presale.gnox.io/register
Website: https: //gnox.io
Telegram: https: //t.me/gnoxfinancial
Discord: https: //discord.com/invite/mnWbweQRJB
twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
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