Binance Coin (BNB), Gnox Token (GNOX) and Solana (SOL)

Although we’ve seen some relief from the great 2022 crypto market slump over the past couple of weeks, most analysts are suggesting that we may not be out of the weeds quite yet. However, most also agree that once we do see a new bull market that three crypto assets, in particular, could produce massive upside for holders. These are Binance Coin (BNB), Gnox Token (GNOX), and Solana (SOL).

While BNB and SOL are both top layer-1 blockchains that are predicted to continue to gain ground on Ethereum, GNOX is a newcomer on the scene that seems to have no real competition and a built-in upside.

Let’s go over each of these assets and see why they might offer crypto investors higher-than-average returns over the next bull run.

Binance Coin (BNB)

Binance was originally a modified copy of Ethereum. However, now the world’s largest crypto exchange (by daily volume), Binance has been evolving ever since. 

Back in February, Binance Chain and Binance Smart Chain were merged to form BNB Chain. And recently, at the BNB Chain Revelation Summit, Binance announced that it had published a new technical roadmap. 

The new roadmap includes the introduction of BNB sidechains for enhanced dapp development, a hike in Block Gas Capacity to 200 million, and an increase in the number of decentralized validators to 41. Increasing Block Gas Capacity is expected to result in faster and cheaper transactions. 

Aside from ongoing development, Binance has been growing horizont

ally having recently announced that they’ve been awarded crypto services licenses in several European countries, the latest being France and Italy.

Gnox (GNOX)

Gnox has been quickly gaining notoriety for its unique and innovative “yield farming as a service” platform. The mission of the project is to streamline and simplify yield farming for entry-level investors while greatly reducing risk. 

Gnox puts a portion of each sale of its native GNOX token into a treasury. Those funds are then deployed by experienced DeFi analysts to yield-farming platforms in order to earn passive income. Accumulated returns a


re then used to buy GNOX token from the secondary market and then redistribute them to holders. 

According to Gnox’s whitepaper, holders also accumulate coins from a 1% tax on every transaction. This and the fact that the treasury will be invested in low-risk assets that pay dividends makes GNOX a no-brainer as a long-term hold.  

Gnox’s presale is underway and runs until July 12th. The platform officially launches on July 18th. Early adopters have already seen more than 50% gains on their investment.

Solana (SOL)

Solana is a layer-1 smart blockchain that offers the potential for life-changing gains in the coming years. Solana, as much as any Ethereum competitor, has what it takes to compete in the global DeFi market including ultra-fast transaction confirmation and low fees. 

Solana has seen astounding growth in the past couple of years. The blockchain launched in 2021 and quickly rose to the 120th position by market cap. Before year’s end, SOL had overtaken both Cardano and Polkadot and clawed its way into the top five smart blockchains. Then by mid-2022 SOL rewarded early adopters with over 12,000% gains. SOL has fared well during the 2022 slump and is actually up by about 150% from this time last year. 

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I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.