The newly released altcoin Gnox (GNOX) has entered the market with surprising momentum, surging its price by 60% in presale. Analysts believe that this newcomer DeFi cryptocurrency will grow its value 100 times.
The groundbreaking Gnox, built on the successful Binance Smart Chain, is the reflecting token of the future. Offering yield farming as a service assures the holder of a passive cash flow possibility.
The advantage of yield farming is that it includes generating passive income from cryptos without having to sell them. Traders put their money into GNOX’s liquidity pool, & the longer they keep tokens, the more money they make.
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Yield farming can also improve the value of staked tokens because rewards can be “reinvested” into the GNOX system. This means that, even in the face of adverse market conditions, Gnox will continue to deliver returns on investment for its shareholders.
BTC & ETH Prices Are Showing Bearish Zone in the Crypto Market
The two major cryptocurrency players, Bitcoin and Ethereum, have recently experienced a slight upswing that has, albeit momentarily, helped put cryptocurrency’s total market valuation back past the $1 trillion thresholds. However, even though that milestone is still $40 billion away as of this writing, the vast majority of digital assets have increased during the past seven days.
The last weeks are not so good for cryptocurrencies, May month saw BTC crash to the lowest level since 2022, wiping $1 Trillion off the markets. And that was followed by Celsius, a lending platform, which froze withdrawals due to utmost market conditions.
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However, cryptocurrency recently underwent a minor turnaround. Bitcoin is currently worth $21,407, while Ether, trading at around $880 on June 18, is now worth $1,227. Investors will be pleased to see the number one and number two cryptos moving in the correct direction, even though those numbers are still about 30% lower than they were at the beginning of this month and a small portion of their pricing in November of last year.
