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Following a sharp increase in interest rates this year as the Federal Reserve and other central banks fought to control the highest inflation in more than 40 years, investors have been battling uncertainty and fear. Although higher rates can reduce inflation, they also slow the economy and increase the likelihood of a recession. That’s helped drag down the value of stocks, bonds, cryptocurrencies, and other investments.
On the other hand, cryptocurrency has taken the world by storm, especially during the last few years. Bloomberg says the total value of all these digital currencies has swelled to about $2 trillion. Of these, Bitcoin is the most popular, worth more than $800 billion in itself, according to CoinMarketCap.com. Investors have warmed to this digital gold rush, often with little knowledge and a lot of hope.
While investing in cryptos sounds like a great idea, finding the right coins to invest in is no easy task. In this article, we feature the top three interesting and profitable cryptos in the market: Gnox, Bitcoin, and Litecoin.
Gnox, the first protocol to provide yield farming as a service, is expected to go live on the BSC in Q3 of this year (Binance Smart Chain). Despite the bear market, Gnox is still developing and achieving its roadmap objectives. Most protocols avoid launching during a bear market, preferring to launch during a bull market, but Gnox keeps going, suggesting that this team is aware of the real value it is adding to the sphere.
A low-touch investment vehicle created by Gnox's developers offers investors exposure to DeFi (decentralized finance) earnings and a monthly stablecoin reflection.
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