Cryptocurrency

With Launch Day Imminent For Gnox (GNOX), Shiba Inu (SHIB) And Dogecoin (DOGE) Holders Are Bullish

Market Trends

The launch of a new cryptocurrency is always an exciting event, and the upcoming launch of Gnox is no different. This new digital currency is being developed by a team of experienced professionals, and it promises to revolutionize the way we interact with the digital world. 

What is Gnox (GNOX)?

Gnox's huge presale sell-out has sparked the curiosity of investors from all around the world. Gnox's innovative strategy of integrating the crypto and fiat worlds while exhibiting the benefits and usability of the DeFi world to the general public has substantially increased the project's buzz.

Gnox, one of the first reflecting tokens to use yield farming, provides $GNOX holders with access to a share of the higher return yields obtained by the Treasury from other protocols in exchange for the service. Creating passive income with Gnox is as simple as purchasing, holding, and receiving an automatic earnings return.

Shiba Inu (SHIB) And Dogecoin (DOGE) Holders Are Bullish

Between April and June 2022, the price of Shiba Inus fell by 76%. It fell from a high of $0.0000300 to a low of $0.0000071 during this downturn. SHIB has climbed an amazing 68 percent since the local bottom.

The biggest volume was traded at $0.0000118, according to the volume profile ranging from the top of the aforementioned crash to August 4. An interesting point to note here is that the recovery has pushed Shiba Inu prices past this level, which is now acting as a support level.

On the other hand, Dogecoin's price is up 1% over the past 24 hours, currently trading for 6.74 US cents. The leading dog joke coin has risen by more than 4% in response to a tweet by Tesla CEO Elon Musk that read: "X AE A-XII likes Doges" and included a video of his kid playing with Shiba Inu dogs.

As sellers confront threats, the four-hour chart of DOGE reveals a bullish trend. DOGE is currently trading at $0.0727, a 3.61 percent increase from the previous day.

Dogecoin was able to trim around 21 percent off its TVL after breaking below the $0.07 resistance line, which corresponded with the coin's weekly lows recorded on July 26.

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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.

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