Cryptocurrencies With Vast Potential: Cronos (CRO), Gnox Token (GNOX), and NEAR Protocol (NEAR)
Nine out of ten startups fail. But those that do succeed change how we lead our lives, and they make a real difference in how we interact with the world. Not to be forgotten are the enormous returns netted by early investors.
Cryptocurrency projects can be viewed analogously to startups. Both face a similar set of problems and often fail for the same reason: cash flow is crucial, it is imperative to learn from mistakes and make the necessary changes, and timing can make or break a project.
This article features three crypto projects that will change the crypto asset sphere and be part of the 10 percent.
Crypto.com is taking crypto mainstream: notable hiring Matt Damon for an advertisement campaign and running Superbowl advertisements. Anyone who has used the platform will attest to how convenient it is to use, and convenience is a huge driver of economic growth. As the platform continues to grow so will the desire for CRO, and demand drives price action. CRO will become a mainstay and is pegged for explosive growth by most analysts in the sphere.
Gnox Token (GNOX)
Gnox is another protocol noted by crypto analysts to have huge potential. Scheduled to release at the end of Q2 on the Binance Smart Chain (BSC), the Gnox protocol has plans to shake up DeFi investment. DeFi is the most rapidly growing economic sphere in the modern world and as such it is filled with yield generating opportunities. The drawback is that it requires technical knowledge, time, and is filled with bad actors.
The Gnox protocol will be the first protocol to offer yield farming as a service simplifying the process of DeFi into a single investment vehicle. Holders of the GNOX token will be active participants in DeFi thanks to the protocol’s treasury which has been tailored to the benefit of long-term holders. It will be deployed in DeFi protocols and the generated yield reflected in stablecoin to token holders. Given current market conditions, stablecoins are already very attractive, but the fact this protocol plans to launch during a bear market speaks volumes for the developer’s faith in the project. It is certainly one to watch.
Near Protocol (NEAR)
NEAR is the native token of the Near protocol. From the start, this project designed its network to be user-friendly, leading to an influx of Dapps (decentralised applications) porting to the blockchain. The Near protocol employs a unique sharding technology known as Nightshade, which means transactions on the network are incredibly fast and very low in cost.
With the Near protocol focusing heavily on Dapps, the expansion of DeFi is naturally good for the NEAR tokens price. And DeFi continues to expand every single day. Analysts are stating this is a token investors would be foolish to pass on.
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