Experts: The Gnox Token (GNOX) Price Surge Verifies The Team’s Ability To Build In A Bear Market

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The post Experts: The Gnox Token (GNOX) Price Surge Verifies The Team’s Ability To Build In A Bear Market appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto market has entered a new bear market after losing $500 billion.

A bear market is described as a sustained downturn in asset prices that causes a portfolio to lose value. In a bear market, supply frequently exceeds demand because investors sell losing assets to avoid further price drops.

Since July of last year, cryptocurrency has not had a market valuation of over $1.25 trillion. While the majority of big crypto tokens have seen their prices fall in recent weeks, Gnox has seen a price surge despite the bear market.

Gnox remains a highly anticipated project. The token’s popularity has risen in recent weeks as a number of media sites have begun to publish articles on its upcoming July launch.

Gnox’s price increased by 52% during its first-round presale after passing a thorough background check and getting a Soken KYC badge on May 21, 2022.

Gnox is on track to become the first digital product to offer “Yield Farming As A Service” to a wide range of investors. With a portion of its treasury, it lends and reaps benefits, allowing the project to provide value to investors and assure long-term, growing returns.

The Gnox Token is one of only a few that have seen a price increase, which crypto analysts say validates the team’s capacity to build in a bear market.

According to them, Gnox’s price increase is attributed to its good use case, scalability and accessibility.

When Gnox uses their method across multiple pools, they may provide up to 50% APR, while traditional banks often offer less than 2%.

This “treasury,” which is a multi-signature protected vault, houses the majority of its stable coins, DeFi LP tokens, and NFTs.

Gnox is a decentralized ecosystem comprised of DeFi devices, protocols, and use cases derived from many blockchains. Its platforms will be Ethereum, BNB Smart Chain, Polygon, and Bitcoin.