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New crypto called "Gnox" could move 25X after its presale is sold out, according to Cardano and Tron whales. According to insiders, the project is expected to see a huge influx of demand once it hits the exchanges, which could see the price of Gnox move up by 25 times. This would make it one of the most successful crypto projects in recent times.
Gnox is a new decentralized finance (DeFi) cryptocurrency that aims to bridge the gap between traditional and DeFi investments. The project has already garnered support from some big names in the crypto world and is currently in its presale stage.
ADA's price is expected to drop by -9.62% in the next 5 days, according to crypto experts. The token is currently trading at $0.534518, up 3.07 percent in the last 24 hours. The coin outpaced the cryptocurrency market, which gained by 3.30 percent during the same time period. Today, ADA outperformed BTC, gaining 2.70 percent against the world's largest cryptocurrency.
However, Cardano is anticipated to reach a price of $ 0.483082 by August 12, 2022, according to some crypto analysts. This would mean a -9.62 percent decline in the price of ADA during the following 5 days.
On the other hand, Tron's market capitalization is down 1.90% from yesterday at $0.06778 CMP. In the course of the day, the trade volume decreased by 18.50%. This suggests that bears are attempting to congregate in order to see the token's decomposition. The volume to market cap ratio is 0.056680.
With Cardano and Tron's present bearish outlook, it's no wonder that their communities are looking toward alternative platforms that can provide better financial growth.
Gnox, the first reflection token ever created, offers a method for farming yields as a service. Its token is a single investment vehicle that provides investors with exposure to DeFi and the yields found within the sphere. With this, it shows that Gnox makes investments in a liquidity pool from which customers can benefit by using its treasury.
Additionally, Gnox uses the Binance Smart Chain to offer consumers quick transfers, low fees, and excellent scalability. After the initial presale round, the price of Gnox's token rose by more than 60%. This means that the business is now on fire.
During the Gnox token burn event, 2.5 billion tokens were transferred to the dead wallet, greatly reducing the Gnox supply and driving up the price.
Following the current and third presale phase, Gnox will be officially launched on August 18, 2022.
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io
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