Crypto investors watch their portfolios sore in value. Markets across the board have welcomed the July CPI report. With the report indicating that inflation has already peaked, it is only a matter of time before Jerome Powell and the FED restart quantitative easing. What do more liquidity in the system and lower interest rates mean? Rapidly appreciating assets.
Gnox (GNOX) has been singled out by Dogecoin (DOGE) and Shiba Inu (SHIB) investors after they witnessed a total sell-out of the ICO (Initial Coin Offering) phase. A sell-out means momentum, and momentum means positive price action.
Gnox has consistently met its roadmap targets and completed a highly ambitious ICO sale. Crypto analysts have debated what has drawn investors to Gnox, with two major points consistently arising. Its passive income stream and its growth-focused nature.
Gnox is making DeFi (decentralised finance) investment easy and accessible. GNOX holders will receive a monthly stablecoin reflection, and the token acts as an investment vehicle to gain exposure to DeFi. The growth focus of Gnox is the most exciting element of the protocol, using buy and sell taxes to build a treasury that generates yield for investors. The principal sum of this treasury constantly grows as only the accumulated interest payment is split between investors. Logically, the developers at Gnox have built a passive income stream that will continue to grow with time and deliver larger payouts.
Forked from Litecoin in 2013, DOGE has endured more market cycles than many altcoins and sits inside the top ten. DOGE has rallied by more than 12% this week and is experiencing high trading volume. The developers continue to build, and following the token's upgrade in July, DOGE has been performing well.
DOGE trades at $0.07, but this rally could take it all the way to $0.18, and if this happens, FOMO will kick in, and DOGE is likely to shoot even higher.
SHIB has gained more than 40% this week and has seen an extraordinary uptick in trading volume. Is this a sign that retail is entering the markets again? SHIB continues to be listed by major exchanges, and it is one of the first tokens listed by smaller up-and-coming exchanges.
SHIB has broken above the 100-day Moving Average and is clearly out of its bearish trend. The only question that remains is how far can this rally take SHIB? Will investors ever see the legendary target price of $0.01?
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Twitter: https://twitter.com/gnox_io
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.