Top 5 Cryptocurrencies to Watch this Week: BTC, BNB, XMR, ETC, Gnox Token (GNOX)
Here are 5 cryptocurrencies with the potential to provide life-changing gains this week and in the coming years
It looks like we’re seeing a little bit of relief this week from the recent crash in crypto prices. Last week, JPMorgan Chase pointed out to its clients that real estate is now overpriced and crypto is underpriced and that the company now prefers to invest in crypto assets over real estate assets. This might be a good opportunity to start dollar-cost averaging into some of the more popular cryptocurrencies.
Here are five cryptocurrencies with the potential to provide life-changing gains this week and in the coming years.
Bitcoin (BTC)
Bitcoin is the apex cryptocurrency with a market cap more than five times that of its nearest competitors, Ethereum and Binance. Once Ethereum transitions to a proof-of-stake consensus mechanism, Bitcoin will be the top proof-of-work blockchain. While the PoW mechanism is indisputably energy-intensive, it’s also seen as the most secure.
Recently Bitcoin has been hovering around the lower bands of its trading range prompting several top analysts to speculate that its price has bottomed out, or is close to it. JPMorgan Chase recently sent a note to its customers which said that Bitcoin is now underpriced by 28% and that investors who buy now are likely to see a substantial upside.
BNB (BNB)
Binance is the largest cryptocurrency exchange in the world in terms of its daily trading volume. The DeFi ecosystem was developed by Changpeng Zhao who had previously created high-frequency trading software. The company claims its blockchain has the capacity to process around 1.4 million orders per second.
Binance has two cryptocurrencies — Binance Coin (BNB) and Binance Smart Chain (BSC). The exchange supports most commonly traded cryptocurrencies and some uncommon ones. It has high liquidity and offers discounts to users who pay in the native BNB cryptocurrency tokens.
Binance exchange’s transaction fees are among the lowest in the industry. Binance offers several DeFi services that let users earn interest in their cryptocurrencies. Binance also provides traders with a native crypto wallet.
Monero (XMR)
Monero is a decentralized cryptocurrency focused on privacy. Unlike most blockchains, Monero transactions are both anonymous and non-trackable. Observers cannot decipher addresses, transaction amounts, address balances, or transaction histories when trading MXR tokens.
Interestingly, Monero has the third-largest developer community among cryptocurrencies, behind bitcoin and Ethereum.
With the increasing interest in crypto from the United States Internal Revenue Service, Monero is sure to appeal to anyone who wants to avoid the agency’s scrutiny. In fact, the IRS is offering a reward for anyone that can develop MXR tracing technologies.
Ethereum Classic (ETC)
As Ethereum works to transition to a PoS consensus mechanism, Ethereum Classic has no such plans. The blockchain will continue to use a PoW protocol, which, as we mentioned, is considered to be more secure.
For those who are willing to babysit their investments, the ETC token typically sees higher volatility than Ethereum. Although that makes it riskier, it also provides anyone willing to swing trade the opportunity for higher rewards.
Gnox (KNOX)
Gnox is a unique DeFi utility token. It offers “yield farming as a service.” A team of professional DeFi analysts draws assets from the platform’s treasury and invests in a diversified basket of low-risk DeFi assets including staking platforms, liquidity pools, lending platforms, and even asset-backed NFTs. Profits are then shared proportionally amongst all holders of the GNOX token.
GNOX token is backed by the security of the Binance Smart Chain. It is designed specifically to benefit early adopters. In addition to sharing in equity, 1% of all Gnox transitions are distributed proportionally amongst all holders of the GNOX token every 60 minutes. That means the longer you hold the coin, the more royalties you’ll collect.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
The post Top 5 Cryptocurrencies to Watch this Week: BTC, BNB, XMR, ETC, Gnox Token (GNOX) appeared first on .
Here are 5 cryptocurrencies with the potential to provide life-changing gains this week and in the coming years
It looks like we’re seeing a little bit of relief this week from the recent crash in crypto prices. Last week, JPMorgan Chase pointed out to its clients that real estate is now overpriced and crypto is underpriced and that the company now prefers to invest in crypto assets over real estate assets. This might be a good opportunity to start dollar-cost averaging into some of the more popular cryptocurrencies.
Here are five cryptocurrencies with the potential to provide life-changing gains this week and in the coming years.
Bitcoin (BTC)
Bitcoin is the apex cryptocurrency with a market cap more than five times that of its nearest competitors, Ethereum and Binance. Once Ethereum transitions to a proof-of-stake consensus mechanism, Bitcoin will be the top proof-of-work blockchain. While the PoW mechanism is indisputably energy-intensive, it’s also seen as the most secure.
Recently Bitcoin has been hovering around the lower bands of its trading range prompting several top analysts to speculate that its price has bottomed out, or is close to it. JPMorgan Chase recently sent a note to its customers which said that Bitcoin is now underpriced by 28% and that investors who buy now are likely to see a substantial upside.
BNB (BNB)
Binance is the largest cryptocurrency exchange in the world in terms of its daily trading volume. The DeFi ecosystem was developed by Changpeng Zhao who had previously created high-frequency trading software. The company claims its blockchain has the capacity to process around 1.4 million orders per second.
Binance has two cryptocurrencies — Binance Coin (BNB) and Binance Smart Chain (BSC). The exchange supports most commonly traded cryptocurrencies and some uncommon ones. It has high liquidity and offers discounts to users who pay in the native BNB cryptocurrency tokens.
Binance exchange’s transaction fees are among the lowest in the industry. Binance offers several DeFi services that let users earn interest in their cryptocurrencies. Binance also provides traders with a native crypto wallet.
Monero (XMR)
Monero is a decentralized cryptocurrency focused on privacy. Unlike most blockchains, Monero transactions are both anonymous and non-trackable. Observers cannot decipher addresses, transaction amounts, address balances, or transaction histories when trading MXR tokens.
Interestingly, Monero has the third-largest developer community among cryptocurrencies, behind bitcoin and Ethereum.
With the increasing interest in crypto from the United States Internal Revenue Service, Monero is sure to appeal to anyone who wants to avoid the agency’s scrutiny. In fact, the IRS is offering a reward for anyone that can develop MXR tracing technologies.
Ethereum Classic (ETC)
As Ethereum works to transition to a PoS consensus mechanism, Ethereum Classic has no such plans. The blockchain will continue to use a PoW protocol, which, as we mentioned, is considered to be more secure.
For those who are willing to babysit their investments, the ETC token typically sees higher volatility than Ethereum. Although that makes it riskier, it also provides anyone willing to swing trade the opportunity for higher rewards.
Gnox (KNOX)
Gnox is a unique DeFi utility token. It offers “yield farming as a service.” A team of professional DeFi analysts draws assets from the platform’s treasury and invests in a diversified basket of low-risk DeFi assets including staking platforms, liquidity pools, lending platforms, and even asset-backed NFTs. Profits are then shared proportionally amongst all holders of the GNOX token.
GNOX token is backed by the security of the Binance Smart Chain. It is designed specifically to benefit early adopters. In addition to sharing in equity, 1% of all Gnox transitions are distributed proportionally amongst all holders of the GNOX token every 60 minutes. That means the longer you hold the coin, the more royalties you’ll collect.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
The post Top 5 Cryptocurrencies to Watch this Week: BTC, BNB, XMR, ETC, Gnox Token (GNOX) appeared first on .
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