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Altcoins that could explode like Solana (SOL): Enjin Coin (ENJ) and Gnox Token (GNOX)

Several cryptocurrency initiatives have emerged with compelling use cases since the introduction of Bitcoin (BTC), altering the blockchain technology landscape.

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Several cryptocurrency initiatives have emerged with compelling use cases since the introduction of Bitcoin (BTC), altering the blockchain technology landscape.

Solana’s (SOL) speed and scalability are some of the most attractive characteristics in the crypto market right now. It supports at least 50,000 TPS, which is approximately 3800 times faster than Ethereum and 10,000 times faster than Bitcoin. Since its inception, this has resulted in a 367x ROI, according to CoinMarketCap.

Enjin Coin, a blockchain-based gaming platform, is expected to skyrocket in the next few days due to its compelling use case.

Similarly, Gnox is currently in its first round of presale and has received widespread attention from news sites and crypto enthusiasts.

  • Enjin Coin (ENJ)

Non-fungible tokens (NFTs) gained enormous popularity among the general public in 2020 and 2021. Since 2017, Enjin (ENJ) has been inspiring users and developers to create their own NFTs and has established itself as a prominent player in the NFT space.

Enjin is a unique project in the world of traditional cryptocurrencies. Gamification is a new network strategy. According to their official website, “These new realms will empower us to produce real-world value while having fun.” Enjin’s goal is to create a path for consumers to experience digital realities.

The coin has not just caught the interest of the gamer’s circle. However, it has sparked the interest of many investors.

Enjin Coin (ENJ) is the brainchild of Enjin, a firm that offers a blockchain-based gaming ecosystem. The company’s primary product is the Enjin Network, a social gaming network that allows users to form websites and clans, chat, and run virtual goods companies.

Enjin enables game developers to use the Ethereum network to tokenize in-game assets. Enjin Coin, an ERC-20 token, is used to back the digital assets released on its platform, allowing for the purchase, sale, and trade of real-world assets.

Each coined asset on the Enjin Platform is accompanied by ENJ, a minting resource safely stored in NFTs and removed from circulation.

Because of the growth of NFTs and play-to-earn games, Enjin Coin (ENJ) is a good long-term investment.

  • Gnox (GNOX)

Gnox recognizes DeFi’s needs for innovation, passive income, and community.

They claim that providing long-term investors with a passive income equal to what their “treasury” earns over time is the best way to reward them. It is the first DeFi earning protocol that offers “Yield Farming as a Service” to private and institutional clients.

They will use a portion of their “treasury” to lend and reap the rewards, allowing Gnox to deliver value to investors while ensuring long-term and growing returns.

Gnox’s treasury invests money early on in projects and uses modern methods of treasury management to get the most growth out of its capital. Their strategies allow the token to provide up to a 50% APR, while traditional banks usually give less than 2%.

Its treasury funds team is developing novel protocols, tokens, and high-yielding decentralized financial solutions.

Their treasure will begin small, but it will grow as they mature. This improves their spending power, allowing them to provide more distinctive features and reward long-term holders.

The Gnox team is well known in the cryptocurrency field for creating revolutionary technologies.

Learn more about Gnox:

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(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.) 

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