Binance Coin (BNB) Approaches Volatility Phase, Gnox Token (GNOX) Adds 52% to Markets Recovery

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Binance Coin (BNB) nears big moves as Gnox (GNOX) sees price jump 52%


  • Binance Coin (BNB) is closing in on big moves
  • Gnox (GNOX)

Buy low sell high. Be greedy when others are afraid. Buy with the sound of cannons, sell with the sound of trumpets. All over the world, many crypto investors are trying to follow the wisdom imbued with these quotes and are looking for crypto projects trading at discounted prices.

Binance Coin (BNB) is closing in on big moves

BNB, the native cryptocurrency of BNB Chain (BSC) is a coin that many investors hold in their wallets. Currently, it is changing hands around $320 from an all-time high near $700.

Many technical analysts are bullish on this coin as it touched $220 on May 12, mirroring the lows of the summer 2021 capitulation. steadily rising, showing that many investors are currently “buying the dip”. Strong resistance is expected at $340.

Analysts also point to on-chain data. The number of active unique wallet addresses on the Binance Smart Chain (BSC) continues to grow, adding nearly 10,000,000 new wallet addresses in May 2022 alone. This means that more and more people are using the Binance Smart Chain (BSC) and any transactions on it. the blockchain requires BNB. With more and more users needing BNB to process transactions, the price of BNB is set for stable future earnings. Not to mention the BNB burn that happens quarterly and is expected to take place in July 2022.


Gnox (GNOX)

Gnox is a token currently in the pre-sale phase. He saw his price jump 52%. Many investors are rushing to participate following KYC project approval and formal contract audit. Gnox will be released on the Binance Smart Chain (BSC) in the second quarter of 2022, and analysts are struggling to find a catchy title for this new type of think tank token.

It is the first protocol to offer yield farming as a service and strives to enable every market player to access DeFi investment opportunities. The token carries a purchase and sales tax which is used to fund a treasury. Cash is used to generate yield in DeFi projects and then that yield is distributed among Gnox token holders. Distributed returns come in the form of stablecoins, and analysts point to this as the main reason why the token is garnering such attention from the community.

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