They say it’s time to get greedy while everyone’s scared. Buy while there’s blood in the streets, as they say. The streets have been very bloody so far in 2022. Since their highs leading up to the end of 2021, the prices of most altcoins are down 75% to 90+%.
We are in a situation today similar to that of Internet investors just over two decades ago. Many internet stocks have fallen 90%. Some did not survive. However, anyone who started accumulating wealth in internet stocks when this low hit life-changing wealth as stocks such as Amazon, Apple and Google generated returns of thousands of percent on investments opportune.
Here are three altcoins that could end up producing the legendary returns of AAPL, GOOG, and AMZN, plus one startup with an innovative idea that could propel it into mass adoption.
Dogecoin (DOGE)
Although DOGE started out as a joke, it is now one of the top ten cryptocurrencies. Based on the same technology as Bitcoin and Litecoin, Dogecoin has been working on improvements to make the blockchain faster and more affordable to use. A big part of Dogecoin’s success is the fact that it was basically adopted by Tesla’s Elon Musk. Additionally, several retail giants have adopted DOGE, such as GameStop and AMC Theaters. Like a good dog, DOGE will stay for a long time. DOGE is down nearly 90% from all-time highs.
Shiba Inu (SHIB)
The Shiba Inu (SHIB) patch is another dog-themed meme patch, similar to DOGE. One of the main reasons for SHIB’s popularity is the project team’s ongoing effort to build utility into the token, ensure deflationary supply, and provide passive income opportunities. The Shiba Inu ecosystem now includes a DAO, a decentralized exchange called ShibaSwap, a metaverse community, and much more. Like DOGE, SHIB has built an almost cult following and should be around for the long haul. SHIB is also down about 90% from ATH.
Ghost (FTM)
Blockchains rely on Web3 developers to build applications on the platform that can be adopted in droves. Fantom (FTM) is very appealing to developers with its open-source code, lightning-fast settlements, and super-affordable transactions. Best of all, Fantom is compatible with Ethereum so developers can easily build cross-platform apps without paying the high fees and suffering from Ethereum’s low bandwidth. There are already over 200 dApps on Fantom, including several popular DEXs, cross-chain bridges, peer-to-peer lending platforms, yield enhancers, NFT marketplaces, games, and wallets. Having fallen more than 95% since ATH, FTM is considered heavily oversold, making it a good bet.
Gnox Token (GNOX)
Gnox Token is the newcomer. The Gnox platform is expected to launch in mid-August while the rest of the crypto market is still cleaning up the mess. As a newcomer, GNOX will have the huge advantage of not having any level of psychological resistance on the upside.
You can think of owning the GNOX token like you might think of owning an EFT. An exchange-traded fund represents an underlying basket of stocks from several individual companies. ETFs offer a simple way to gain exposure to particular market segments or indices while spreading your risk. Similarly, the GNOX token represents an underlying basket of cryptocurrencies.
On the other hand, you could think of GNOX as a dividend stock. Dividend stocks produce monthly passive income just for holding them. GNOX also provides passive income by investing the cash in a variety of passive income opportunities across multiple DeFi platforms.
With tokenomics ensuring an ever-decreasing supply and ever-increasing stacks, you’ll definitely want to do a bit of research on this token. Check out the white paper and learn about pre-sale incentives on Gnox.io.
Learn more about Gnox:
Join the presale: https://presale.gnox.io/register
Website: https://gnox.io