According to economists, the average bear market lasts more than 12 months and requires two to three years before fully rebounding. These are bleak timelines, especially for people who invested in cryptocurrency and made a huge bet on the most popular coins.
However, all hope is not lost. Three coins–Gnox (GNOX), Shiba Inu (SHIB), and Tron (TRX)–show gains amidst the general market downtrend and could alleviate investor anxiety.
Gnox (GNOX)
Gnox is a newcomer to the cryptocurrency space but is quickly making a name for itself. This DeFi earning solution offers a unique “yield farming as a service,” which means investors can earn passive income while holding its token, GNOX. This protocol is easy to use and provides education opportunities for investors who are new to the crypto space.
The price of GNOX has already increased by more than 60%, rewarding early adopters with significant price gains even before the crypto makes its official launch. Gnox is Know Your Customer (KYC) approved by industry leaders and has been rigorously audited by the established names in smart contract security.
Shiba Inu (SHIB)
Shiba Inu is a well-known decentralized cryptocurrency with a large market capitalization that goes beyond $6.2 billion. Despite price drops in recent months, the ecosystem’s meme coin, SHIB, remains ideal for accumulating short-term gains.
SHIB continues to receive strong support from a loyal community. For the last three months, it has had major daily trading volumes ranging between $300 million and $2 billion. Notably, a whale (named BlueWhale0159) was seen purchasing 187 billion Shiba Inu coins last June, which amounted to almost $2 million.
Tron (TRX)
With over 100 million accounts, Tron is a busy decentralized operating system. With its consensus algorithm based on proof-of-stake principles, this network has already conducted over 3.4 billion transactions. As such, it has a huge total locked volume (TVL) that exceeds $5 billion. During the first half of 2022, Tron was among the top three chains with the highest TVL values.
Its coin, TRX, could offer significant gains for investors. It is projected to trade between $0.92 and $1.06 in 2028. As of this writing, the price of TRX is $0.069506, which already shows signs of recovery, considering that it dropped to as low as $0.05 in April.
The bottom line
The bear market is giving investors a lot to worry about, and the worst part is perhaps not knowing when this cycle will end. As investors wait things out, betting on the three coins above could help your portfolio achieve a mixture of short-term and long-term yields.
For More on Gnox:
Join 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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