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The great bear market of 2022 may be coming to an end as we have seen some relief from the decline in crypto prices over the past few days. One way to determine which coins could do well in the upcoming bull market is to see which ones have performed reasonably well during the bear market.
Two crypto assets in particular have performed better than most. One of them is Binance Coin (BNB), which is destined to remain a top 5 cryptocurrency for a long time to come. The other is a newcomer called Gnox (GNOX), which has already seen over 50% growth in the past few weeks.
Let’s analyze some of the reasons why these two coins have outperformed most others.
Binance Coin (BNB) – is taking the world by storm
Binance is the world’s largest crypto exchange by daily volume. The native BNB token has fared quite well during the recent crypto bear market. While many altcoins have seen falls of over 90%, BNB is only down about 50% from its all-time high set last November. Additionally, it has posted gains of close to 50% over the past few weeks.
Much of this success is due to the fact that Binance has garnered regulatory licenses around the world, including more recently in several European and Asian countries. Another reason for the recent success is that BNB Chain recently announced the launch of a new technical roadmap at the BNB Chain Revelation Summit. In February, Binance Chain and Binance Smart Chain merged to form BNB Chain. Now developers are working to improve the decentralized structure of the network.
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The new roadmap includes the launch of mainnet BNB application sidechains and nearly doubling the number of decentralized validators to 41. BNB is also increasing its block gas capacity to 200 million.
According to the BNB Chain team, increasing block gas capacity will enable faster and cheaper transactions. “This improvement means a flawless dApp experience, even during peak network loads.”
BNB Foundation Executive Director Uri Ferruccio recently told investors, “These technological advances are significant as they will bring significant changes to both the developer community and end users […] The focus will be on innovation, sustainability, strengthening the governance mechanism of the BNB chain and extensive investments in security.
Gnox (GNOX) – for good and bad times
Gnox is a recently launched DeFi utility token that offers holders low-risk passive income opportunities. With its innovative Yield Farming as a Service model, the platform rewards GNOX token holders with a passive income stream with no effort on your part.
A portion of all GNOX token sales will be added to a treasury. A team of experienced DeFi investors then draw from this treasury to invest in low-risk passive income opportunities such as staking and lending platforms and liquidity pools. All profits are then divided proportionally among the holders of the GNOX token.
In addition to shared passive income, the Gnox platform rewards long-time holders by redistributing 1% of all GNOX token sales to current holders every hour.
Although the platform won’t launch until July 18th, Gnox can already boast of a rapidly growing community. The project has passed Soken DeFi’s KYC verification analysis and is also currently undergoing an audit with Certik.
The ICO pre-sale is currently running and will end on July 12th. Holders have already made more than 50% profits. It’s hard to imagine how the GNOX token could ever fall in value – even during a bear market – as the treasury is invested in low-risk passive income platforms rather than volatile altcoins.
Learn more about Gnox:
Join the 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/
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