The number of addresses with at least one Bitcoin (BTC) has reached a new all-time high and why you should hold Gnox Token (GNOX).
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Lark Davis is a content creator on the YouTube platform who provides content related to Bitcoin and cryptocurrency to his followers on a daily basis. He recently tweeted a graph showing that the number of unique wallet addresses containing at least 1 BTC has reached an ATH (all-time high).
What does that mean?
This means smaller players, ordinary retail investors, are accumulating. And investors accumulate only when they anticipate asset appreciation in the future. Many investors have been in the crypto space for a number of years and have seen Bitcoin crumble to pieces only to rise again and again from the flames. This has boosted investor confidence and despite the dramatic move lower in the prevailing macroeconomic conditions, investors are taking this opportunity to build their Bitcoin stack.
Investors who bought the November 2021 tops are also taking advantage of the current price action to lower their average cost. As Bitcoin is currently trading around $22,500, it has fallen significantly from its previous ATH (all-time high) of $69,000.
Many analysts point out that Bitcoin as an asset has only existed during a historic bull run and no one knows what might happen to it in times of a recession. However, this doesn’t seem to phase investors who are diligently continuing to accumulate DCA (Dollar Cost Average) and Bitcoin.
Gnox is a brand new player in the crypto ecosystem set to release on the Binance Smart Chain (BSC) and promising to expand the availability of DeFi investments. GNOX is a token that many analysts have dubbed “recession-proof,” and after the project’s recent token burn event, it seems a project investor would be foolish to miss out.
Why hold GNOX?
Gnox is the first protocol to offer yield farming as a service, enabling mass DeFi exposure for regular investors through its treasury fund. This fund is generated by buying and selling taxes on the token, meaning that a portion of each token transaction goes towards building this fund. The treasury is deployed in DeFi protocols and the generated return is reflected in proportion to the number of tokens held in stablecoin for GNOX investors. With its aggressive, growth-oriented design, the Gnox Protocol has all the hallmarks of a project that was built hard to favor long-term investors.
Gnox is a project tailored to provide rising stablecoin returns to its investors with a long-term investment horizon. Crypto analysts repeatedly point to the mechanism — only proceeds, never Treasury capital — and highlight the value of a protocol that offers investors not only stablecoins, but also an increasing stream of passive income during times of bearish sentiment.
The project’s team has undergone KYC, the smart contracts have been audited, and with the announcement of large token burn events at the end of each pre-sale period, GNOX is a token crypto investors should watch out for.
Learn more here:
Join the presale: https://presale.gnox.io/register
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