Gnox (GNOX) Presale Is Selling Out In Spite Of Volatile Market. Avalanche (AVAX) And Cronos (CRO) Could Bottom This Week


Gnox is a protocol currently in its third presale phase that is taking no notice of the volatile market and is selling out fast, recording a 63% increase in price in recent weeks.

The newcomer DeFi project

Gnox is the first protocol to provide yield farming as a service, making DeFi investment more accessible and simplifying it. Through its treasury, which is used in DeFi protocols on behalf of the investor, Gnox streamlines this procedure.

Gnox is the first investment vehicle that encompasses the entire science of DeFi investing. Every 30 days, holders of its tokens are entitled to a stablecoin reflection, which has proven to be a popular passive income source among investors.

In the middle of August, the platform will make its formal launch. But up until August 12th, early purchasers will profit before the platform even launches thanks to monthly burns. Additionally, after the presale is over, all unsold tokens will be burned, pushing up the price of the token once more.

Avalanche (AVAX) and Cronos (CRO) could bottom this week.

Avalanche, a Layer-1 (L1) blockchain network, has seen its fortunes plummet in 2022, with its native token AVAX slipping out of the top ten most valued cryptocurrencies by market cap.

As of July 27, 2022, the token has fallen to become the 15th most valuable crypto after dropping over 81% year-to-date to hover above $20. Crypto analysts predict the token will continue to drop massively this week.

Meanwhile, Cronos alone received a big boost today, pushing up an additional 9.2% in value, the most of any token in the coin market cap top 50.

Despite this, crypto experts are worried that this token could plummet heavily by the end of the week. It is worth remembering that, the parent company of the CRO token, has come under scrutiny for further reducing the CRO rewards it offers to customers.

It is the second time that it has reduced the rewards in three months. The first time the CRO rewards were reduced, CRO lost over 30% of its value in a week.

Learn more about Gnox:

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