bbitcoin is trending up, firmly above its 21-day moving average; Bitcoin has consistently used this line as support. With no further rate hikes expected until September and news of the world’s largest asset manager BlackRock formally entering the crypto arena, bitcoin is shining bullish indicators that it will continue its upward trajectory. Bitcoin shakes the whole market, and when it climbs 5%, altcoins can climb 20%.
A new relatively small-cap crypto project is using bullish market sentiment to maximum effect, the reflection token Gnox (GNOX) launched this week, and the developers have announced an addition of $50,000 to the protocol’s treasury. Gnox enters price discovery in a bullish spirit after the sell-out ICO phase, and now all holders will earn passive income as soon as the token is launched.
Gnox is likely to be one of the most exciting launches of 2022 and will surpass the gains of Aave (AAVE) and ApeCoin (APE).
GNOX
gnox DeFi (decentralized finance) is blowing income; DeFi is the fastest growing economic sector, and Gnox makes sure everyone can participate. Leveraging purchase and sale taxes to create Treasury funds deployed in the Protocol to earn on behalf of investors. The developers of Gnox have created a single investment vehicle that provides exposure to yield farming. Gnox is the first protocol to offer yield farming as a service, and all investors must hold GNOX to receive monthly stablecoin reflections.
Loading Treasury with $50,000 means that passive income has already started at launch, and each GNOX holder will receive their first stablecoin payment in 30 days. Gnox is coming out loud from the gate. With the growth-oriented nature of Treasuries, long-term holders can expect to see increasingly large stablecoin reflections every month.
come
Aave is a DeFi giant and has played an integral role in the spread of decentralized lending. DeFi lending has become one of the most heavily capitalized classes of DeFi, and Aave currently holds over $7.3 billion in smart contracts. The platform’s TVL (Total Value Locked) is snowballing 20% this week, with more investors locking their assets on the platform to generate yields or gain more market exposure.
A rise in TVL in DeFi means bullish investor sentiment. Investors lock in their assets only when they feel they will appreciate them rather than simply hand them over for a quick sale. AAVE is a governance token and has consistently performed well whenever Aave has gained more liquidity.
Apcoin (APE)
ApeCoin is the governance and utility token for the entire ape ecosystem. Yuga Labs launched the token to allow community ownership and governance of the APE community. Yuga Labs, the creators of the widely popular Bore Ape yacht club, is constantly pushing for the development of blockchain technology and the creation of Web3. APE is the medium of exchange within this leading ecosystem.
Learn more here:
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
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