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After a brutal nine months, crypto investors have finally begun to feel some relief. On the back of the July CPI (Consumer Price Index) report, coming in at 8.5%, leading many investors to believe inflation has peaked, the markets rallied. The reason is simple; if inflation has peaked, the FED will introduce no further significant rate hikes and begin the economic stimulation process. When the FED stimulates the economy and prints money, assets rally massively, as shown by the first cycle peak of 2021, which coincided with the first COVID stimulus cheque.
In these prevailing market conditions, a new reflection token, Gnox (GNOX), is expected to enjoy an explosive launch, with the token going live on the open market in less than a week on the 18th of August. Crypto analysts have scrutinised this protocol and stated it is a better long-term hold than Cardano (ADA) and Solana (SOL).
Gnox has closed three incredibly successful presale rounds and is launching with incredible momentum behind it. Gnox is the first protocol to offer yield farming as a service, and this protocol will revolutionise DeFi (decentralised finance) earnings. The GNOX token represents a single investment vehicle giving investors exposure to the highly capitalised and rapidly evolving DeFi sphere.
Every month investors will receive a stablecoin reflection generated by the treasury, which does the hard work for investors. The treasury fund is accrued through the use of buy and sell taxes. Gnox's treasury has been purpose-built to accumulate with time increasing its revenue-generating capabilities.
Launched in 2017, Cardano has become a staple project within the ecosystem. Charles Hoskinson developed this layer one blockchain with a famously mathematical approach. As a result, Cardano has been far slower than many other layer ones in terms of development. Still, Hoskinson's slow and steady approach has led the Cardano network to become one of the most impressive infrastructures in the sphere.
ADA trades around $0.50, with the vast majority of total supply staked. Meaning investors are signalling they expect the price to climb significantly.
A recent incident involving Slope Wallet saw millions of dollars of Solana drained from wallets. It is important to note that the exploit is Slope's fault, and the Solana Network was not compromised. Most investors understand this, and as a result, SOL has appreciated well recently.
Trading around $42 this speed-focused layer one protocol still has lots of room to grow.
Experts are more bullish on the long-term prospects for Gnox because of the protocol's mechanics. The treasury fund has been built to grow, and its principal amount constantly increases with only the proceeds being paid out to investors. With all trading of GNOX on the open market building this fund, the stablecoin reflections in a few months will be staggering. This fact alone makes it a better long-term choice than Cardano (ADA) and Solana (SOL) and is why crypto analysts are backing the protocol.
Join Presale: https://presale.gnox.io/register
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.
