Thursday, 11 August, 2022
HomeThePrint ValueAd InitiativeGnox (GNOX) price rises 60% while Binance Coin (BNB) avoids dip

Gnox (GNOX) price rises 60% while Binance Coin (BNB) avoids dip

Cryptocurrencies struggle to shake off the market’s bearish sentiment. Newcomers Gnox (GNOX) and Binance (BNB) remain exceptions to the rule.

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Cryptocurrencies have yet to shake off the market’s bearish sentiment. Many cryptos have failed to cope and are unfortunately on their way to oblivion.

However, there are a few exceptions such as newcomer Gnox (GNOX) and Binance (BNB), which are rising above the downward trend that is pulling most coins and tokens.

Gnox (GNOX)

Gnox is a DeFi earning solution that is suitable for both experts and non-experts. It has been gaining a lot of awareness and interest in the investing space because of its unique “yield farming as a service” offering. With a platform that is infinitely scalable, Gnox could develop many use cases that could increase its community and drive the value of its token.

GNOX’s price has already surpassed the 60% growth mark within a month, reaching 63%. This preselling growth is impressive and could point to an exponential price increase upon launch.

Binance Coin (BNB) 

Binance is the world’s most renowned crypto exchange in which it uses its native token, BNB, to fund transactions. With the crypto crash and a recent SEC investigation, however, the price of BNB dropped below $200 during the early weeks of June. Fortunately, the drop was short-lived, which could attest to Binance’s resilience and popularity.

BNB surpassed the resistance mark at $222. As of this writing, it was trading at $234.57. According to crypto analyst Michaël van de Poppe, $255 and $267 may be the next resistance marks to watch out for.

Final thoughts

The state of the market has been disheartening for many investors. However, investors do have an opportunity to bet on assets like GNOX or BNB that offer stability and gains.

Binance has a well-established community that trusts its platform, which enabled it to process more than $7.7 billion in transactions in 2021 alone. As the ecosystem and use cases of Gnox expand, it could potentially replicate the growth and success that Binance has been able to achieve.

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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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