The cryptocurrency market is populated by so many coins and tokens. It can be daunting to pick the right assets, especially in an economy that is currently haunted by talks of market crashes, recessions, and losses. Despite the bad news, however, two altcoins are showing strong potential for gains and are worth your attention.
Gnox is a DeFi earning solution that is still in its presale phase. DeFi users and investors are flocking to this platform because of its ease of use and its unique income-generating features. This platform has been rigorously audited by the major names in smart contract security and is KYC-approved by industry-leading firms.
With a strong presale performance, investing in the altcoin, GNOX, could grow an early investment by 10 times. This platform supports passive income through the use of a treasury, which enables investors to generate yields without lifting a finger. Those who hold onto their altcoin longer are eventually given more rewards. Education about investing in crypto is also provided, which empowers investors with more knowledge on how to generate bigger gains in crypto. Lastly, Gnox enables investment tracking, which can help investors monitor potential losses and investment pitfalls.
As such, GNOX has experienced continuous price growth, which has reached 63% recently. Its exceptional presale performance has left many analysts asking whether this altcoin could overtake more established coins in the market.
Polkadot is an open-source platform that supports the interconnectivity between blockchains. While its altcoin, DOT, experienced a price drop in the last few weeks, it remains to be a favorite in the market. According to a Messari report, which evaluated the decisions of 82 investment funds during the first half of 2022, 35% of those funds had invested in Polkadot.
According to the Relative Strength Index (RSI), DOT is already around the bullish zone of 61.8. And it appears that the bullish sentiment is not backing down. In the last few days, DOT finally exceeded the $7 mark. It even reached a price of $8.46. Currently, it is trading at $7.80. DOT is expected to continue its uptrend to hit the next mark of $9.
The Bottom Line
Whether you are a novice or an experienced investor, the two altcoins above can boost your investment portfolio. They are proof that, regardless of the bearish market, it’s possible to 10x your investment.