Two types of people buy cryptocurrencies. Those who plan to sell it for profit in the short term and those who buy it to finance their retirement. If you’re in the second group, you probably already know that you can’t do better than the dollar cost average to maximize returns. However, if you are going to save part of your salary in crypto each month, make sure that you are investing in a project that has the potential for mass adoption and will last for a long time. Here are three cryptocurrencies that analysts appreciate for the value they offer and their potential to attract billions of users, directly or indirectly.
Stacks is a layer two blockchain that facilitates smart contracts using Bitcoin. With Stacks, developers can build DeFi apps, DAOs and dapps, mint NFTs, all using Bitcoin as their currency. Stacks (STX) is the native token of the Stacks network. It is mainly used to pay transaction fees. STX can also be locked into contracts to earn passive income in BTC. Considering that BTC is the leading cryptocurrency with massive global adoption underway, STX has some serious potential. All it will take is a developer or two to create a platform worthy of mass adoption for this token to fund your retirement. STX is down 80% this year, making it a great time to jump on board.
StepN is a fitness app. It uses your mobile device to track distance traveled during exercise. Then it rewards users with the GMT token. If you’re a fitness enthusiast, this is a token you can earn just by doing something you’re already doing – working out. Users have the potential to earn some serious money. They can also stake their tokens for passive income. Not only does StepN tap into a pre-existing fitness market worth billions of dollars, but it also makes getting into crypto fun and simple. Like STX, GMT is down 80% from its previous highs, providing investors with a smooth entry point.
Gnox Token (GNOX)
Gnox Token offers everyday crypto investors the opportunity to gain exposure to a large share of the crypto market while earning passive income. Gnox calls it “yield farming as a service”. All investors have to do is buy and hold the token and watch their stack grow.
Everyone who buys/sells GNOX tokens contributes a portion of the Gnox cash which is used to invest in cryptocurrencies which are then used to earn passive income on a variety of DeFi platforms. Such diversification can be very difficult for the average crypto investor. But GNOX simplifies things. Just buy and keep the token.
The Gnox platform is officially launched in August. The fact that the platform attracts a mass audience and is launched towards the end of a bear market gives it a high potential for big gains. Absent prior psychological resistance levels holding back the price, GNOX could easily outperform many of the more popular altcoins.
You can participate in the presale on the Gnox.io website. While you’re at it, check out their whitepaper to learn more about this innovative crypto investment opportunity and some of the additional benefits available to early adopters.
Join the presale: https://presale.gnox.io/register
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