Three cryptos to invest in this month: Gnox (GNOX), Cardano (ADA), and Avalanche (AVAX)
May 11, 2022 at 19:09
There are always going to be new cryptocurrencies being launched while they are such a hot investment property.
The popularity of the virtual world and virtual currency has exploded in the last few years and these digital investments have moved beyond currency to include art, sport, music and entertainment.
This shift towards decentralised finance has allowed the likes of Cardano (ADA) and Avalanche (AVAX) to prosper and become important figures within the cryptocurrency industry.
While those established cryptos remain highly influential, sometimes there are new cryptocurrencies that manage to break through and make an impact that has not been seen in a long time, one such crypto is Gnox.
Why would you invest in Gnox?
Gnox is the first DeFi earning protocol that offers "Yield Farming as a Service" to investors. It reduces entry barriers by providing education, streamlined investment tracking, and a unified investment vehicle.
Their strategies have been tried, tested and used by countless DeFi experts. They will begin with a tiny treasury, and as it grows, it will boost their purchasing power, allowing them to create more unique features and earn more rewards for long-term holders.
The hype surrounding Gnox has ramped up in recent weeks as numerous media outlets have begun reporting on their exciting project, proving its worth to the crypto community that it is one to stay.
Gnox is available now for presale, and anyone interested can purchase it on their website.
With a period of months remaining, until we enter the fourth quarter of the 2022 financial year, Gnox will focus on its cross-chain deployment of Ethereum and Polygon, as well as getting Gnox listed on Uniswap and Pancakeswap.
Cardano (ADA) suffers conflicting month
After starting the month on a positive note with a growth of 20.7%, circumstances soon changed for Cardano (ADA) and it dipped 21.2% in the past seven days.
Despite Cardano's dip, the continual build of the speed of its transactions as well as its recent partnership with IceAddis, an Ethiopian-based technology incubator and innovation hub, has enabled crypto experts to remain bullish about the blockchain platform.
Trading at $0.954907, at the time of writing, ADA ranks as the eighth biggest cryptocurrency in the world, amassing a market cap of over $32 billion, according to data from CoinMarketCap.
Avalanche (AVAX) is back in the green ever so slightly
It may not be worth writing home about, but whenever a cryptocurrency is in the green, that is a win.
After a dip of 19.5% in the past seven days, Avalanche (AVAX) crept back into the green at a percentage of 0.5% in the past 24 hours, at the time of publication.
AVAX is trading at $76.85, almost half of its all-time high of $146.96, a price reached in November 2021.
Due to AVAX's strong performance at the beginning of the year when it reached a value of $114, most price predictions for 2022 are fairly high, with Coin Price Forecast predicting AVAX will end the year at $250.
Learn more about Gnox.
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