There is a simple truth about investing that too many people ignore when they get the crypto trading bug. It is the fact that the average dollar cost in an asset over time strategy will outperform any swing trading strategy. With that in mind, here are three altcoins that could turn long-term investors into millionaires.
Biswap is the Binance equivalent of Ethereum’s Uniswap DEX. Decentralized exchanges are platforms that allow users to trade tokens on the Binance Smart Chain without a broker being involved. Biswap’s superpower lies in its extremely low transaction fees.
Since Biswap offers lower trading fees than Ethereum-based DEXs, the platform is set to grow exponentially as the crypto market starts to heat up again and traders start making money again. . This means that the BSW token could experience a strong price increase. If the price reaches the previous two resistance levels, it could see gains of 100% and 300% respectively and be back in price discovery mode before the end of the year. In the long run, he could be the next millionaire maker.
Exchange of pancakes (CAKE)
PancakeSwap is another decentralized exchange running on the Binance Smart Chain. The platform offers yield farming opportunities that help users generate passive income. Investors can lock in a variety of cryptocurrencies and receive a portion of transaction fees in the CAKE token as a reward. And the rewards are very attractive.
The opportunity to earn some nice passive income on cryptocurrencies is gaining ground with those who plan to buy and hold altcoins for the long term. As the bear market comes to an end, traders are bound to return to popular DEXs such as PancakeSwap in droves in hopes of earning their next million.
Gnox Token (GNOX)
Gnox is a DeFi utility platform launching this summer. However, the GNOX token is currently on presale. And now is a good time to buy, as periodic token burns reduce supply and increase price. Any unsold tokens will be burned at the end of the presale, raising the price again before GNOX hits exchanges.
So what is GNOX? Another DeFi platform running on the Binance Smart Chain, GNOX offers crypto investors what they call “yield farming as a service”. A portion of all GNOX tokens are collected in treasury which is used to invest in passive income opportunities such as peer-to-peer lending, pooling cash, and staking across multiple DeFi platforms. All GNOX holders share passive income. While monthly burns ensure supply is eternally deflationary, daily airdrops ensure the holder’s stacks never stop growing.
Gnox’s simple yet ingenious system gives the Gnox platform the potential to be the first mass-adopted investment token and a safe long-term millionaire maker. You can learn more about how it works on the Gnox.io website. While you’re at it, you can participate in the GNOX presale and earn some cash this summer.
Binance Coin (BNB)
Our final pick today is Binance Coin (BNB). Needless to say, if the three Binance-powered platforms above and dozens of other popular Web3 apps end up being millionaire makers, then BNB itself is sure to follow suit.
Learn more about Gnox:
Join the presale: https://presale.gnox.io/register
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