Disclaimer: The text below is a publicity article that was not written by Cryptonews.com reporters.
Crypto prices may not be on a rocket to the moon these days, but what goes up must come down. And now that prices have dropped, it’s time to start fueling up for the next lunar orbit. Here are three cryptocurrencies that could skyrocket to massive gains.
1. Binance Coin (BNB)
Binance Coin (BNB)
Binance is by far the largest crypto exchange in the world (by daily volume). Ethereum wishes they had this killer ecosystem. But Binance decided to launch its own blockchain from the start. Fortunately, because Binance now has some of the lowest transaction fees in the industry.
Not content to rest on its laurels, Binance has gone wild when it comes to development. First, in February, Binance Chain and Binance Smart Chain merged to form BNB Chain. Then more recently, at the BNB Chain Revelation Summit, they unveiled a brand new technical roadmap which includes the introduction of BNB sidechains. This should greatly appeal to dapp builders. Binance has also increased its gas block capacity to 200 million to facilitate faster and cheaper transactions. And in an effort to increase decentralization, the number of validators has been increased to 41, which should help build trust and goodwill in Binance.
It’s not just the development department that makes gangbusters. The business development department recently obtained licenses to provide crypto services in several other countries, including France and Italy.
2. Luna 2.0
A lot of people are on Terra people right now after the now legendary demise of the UST/LUNA pair. However, its rebirth as LUNA 2.0 might be even more legendary. As the pundits called Terra for the count, the governance quorum decided to scrap everything and start over.
LUNA 2.0 tokens were airdropped to all LUNA Classic holders. During the first few days of trading, the price went on a wild roller coaster ride. On crypto exchange Kraken, the price opened around $17 and then fluctuated between $30 and $4.80. On Tuesday, however, the price had rallied around 30% to around $9 and on Wednesday it had fallen back to around $6.50. The thing is, LUNA is going to be a volatile asset that could make serious cake for astute swing traders.
Gnox is the newcomer and underdog here. In fact, the platform hasn’t even been launched yet. Nevertheless, those who take advantage of the ICO presale are already seeing massive gains of over 50%. What’s so special about this new DeFi utility token? It is specially designed to benefit early adopters. For every GNOX token sold, 1% will be given to all current holders every 60 minutes. So the sooner you board, the better.
But this is only the beginning. When launched on July 18, Gnox will offer something unique they call yield farming as a service. A portion of all GNOX sales are potted into a treasury. These tokens are then used to invest in a basket of yield-generating DeFi assets. All profits are then used to buy back GNOX tokens on the open market and burn them, increasing the value of the tokens held by investors.
It seems that as long as GNOX holders are making money (and the investment strategy guarantees they will), there is absolutely no reason to sell, so there is no reason for the price of the token goes down, even in a bear market.
Learn more about Gnox:
Join the presale: https://presale.gnox.io/register