There is a fine line between investing in cryptocurrencies and gambling. If you are investing in low-quality assets with a lot of hype and little adoption, you are essentially a player, not an investor. However, if you are an investor looking for some high-quality assets to add to your crypto portfolio, here are a few that you might want to check out.
The first thing you will learn about Uniswap in any article is that it is the largest decentralized exchange (DEX) in the world. The platform recently passed the $1 trillion mark in total trading volume.
The first DEX to gain mainstream adoption, Uniswap is based on automated market maker contracts. Investors deposit tokens into these contracts to provide liquidity for the exchange. In return, they get a portion of the transaction fees.
Currently priced at $5.29, Uniswap is trading well below its 200-day simple moving average (SMA). According to Coin Price Forecast, UNI could rise to $10 in the next year and a half and could dock in the next five years. Furthermore, CoinCodex predicts that UNI will see a price of $8.00 before the end of July.
The general consensus these days is that Solana has the best chance of eating up Ethereum’s market share substantially, at least in terms of NFT sales. The Solana network is much faster and less expensive to use than Ethereum.
Solana recently announced that she would be launching her own smartphone. Although we don’t have many details at the moment, the device might even be capable of earning SOL tokens. If that happens, it is sure to greatly increase brand loyalty.
Several DeFi platforms are running on Solana, including Serum, Raydium, Oxygen, and Saber. Look at these platforms as well as NFT marketplaces like OpenSea to gauge the growing adoption of SOL.
Gnox is a DeFi utility token that has been rising in the public eye. Offering “yield farming as a service”, this platform is sure to be very attractive to new investors and those who do not have time to research and care for their cryptocurrency investments. All they have to do is buy and hold GNOX tokens to enjoy ongoing passive income.
A portion of the sale of GNOX tokens on the secondary market goes to a treasury. A team of experienced DeFi analysts invests the community’s treasure in a variety of yield farming platforms to spread risk and generate passive income. Profits are collected and then distributed to GNOX holders through various mechanisms, including burns and airdrops.
Because the treasury is funded by royalties on secondary market sales, the total amount of assets invested in it will always be growing, thus producing more and more passive income.
The platform officially launches in mid-August. However, the GNOX token is currently on presale until August 12. Monthly burns ensure that early buyers will see profit even before the platform launches. Also, all unsold tokens will be burned once the pre-sale ends, increasing the price of the token again.
More information about Gnox:
Join the presale: https://presale.gnox.io/register
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