As Markets Suffer, Gnox, Kusama, & Enjin Coin Could Be the Rare Crypto Gems to Counter the Bear Market

Crypto investors suffer in this bear market as the global macroeconomic environment shifts to risk-off; speculative assets are sold as quickly as possible, and investors buy gold and bonds. Asset prices across the board have suffered, but crypto losses have been more significant than in other traditional asset classes. Any investor who bought in during this current cycle is likely looking at some ugly losses in their portfolio. But there will always be projects that ignore the prevailing winds, and this article features three crypto projects to help investors beat the bear.

Gnox (GNOX)

Gnox is a token still in its presale phase and is the first protocol to offer yield farming as a service. Part of what makes Gnox so attractive is its development stage, the token has not yet been launched on the open market, and thus investors can enter at the ground level. Investors who have been active in the sphere for a few years will be aware of the eye-watering returns made by people who partake in presales.

Gnox’s Potential

Gnox focuses on providing residual income to its investors in a strategy dubbed Hold To Earn by its developers. The GNOX token represents a single investment vehicle that exposes the investor to DeFi (decentralized finance) earnings, and token holders will receive a monthly stablecoin reflection. The massive potential for Gnox comes with its long-term growth prospects. The treasury fund responsible for generating yield for investors is funded via buy and sell taxes and is set to accrue constantly. Therefore, in theory, with active trading of GNOX and sufficient time, the capital amount in the treasury will increase, as will the stablecoin reflections, naturally driving GNOX’s price up.

Gnox - DeFi Earning Made Easy!
Kusama (KSM)

Kusama is a member of the larger PolkaDot ecosystem and is constructed with similar architecture and structure. Sometimes referred to as a canary network, Kusama is leading the way for the PolkaDot ecosystem and is where every idea is tested before being released to the parent ecosystem. It allows developers to take significant risks and is where the future of DeFi and web interoperability is currently taking place. KSM, the native token, now trades at $47.62 and is expected to grow as the Kusama ecosystem continues to develop, pioneering the way into the future.

Enjin Coin (ENJ)

Enjin is a protocol aiming to snatch up a percentage of the gaming industry, set to be one of the most significant growth areas within Web3. Enjin allows users to manage their digital assets across multiple gaming ecosystems, and investors can use ENJ to purchase, sell, or swap their NFTs. Enjin has been designed to be integrated into different games, and with the continued rise of play-to-earn games, ENJ is primed to explode in the coming months.

Final Thoughts

The bear market forces crypto investors to move away from technical charts and back towards fundamentals. All these projects are driving the ecosystem forwards and naturally will see price appreciation driven by their utility as protocols.

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Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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