Investing in crypto gems can be a risky decision, as they tend to be relatively new, with small market caps but big potential. And Determining which crypto could become successful out of 19,000 digital currencies can be tricky. If you’re looking for 10x crypto gems, it would help to keep a few things in mind: The project should have a solid foundation and strong team, a clear use case, and a roadmap outlining how it plans to achieve its goals.
With that said, analysts agree on these three 10x crypto gems that you should keep an eye on: Gnox Token (GNOX), Cardano (ADA), and Solana (SOL).
Gnox Token (GNOX)
Gnox has been on an absolute tear, defying the overall trend in the crypto market. While most cryptos have been losing value, Gnox has increased in price by over 63%. Considering Gnox is still in pre-sale, prices could continue to grow.
Gnox’s key to success is its yield farming service, which lets even inexperienced traders escape from DeFi complexities and easily gain passive incomes simply by holding tokens. Saying this, GNOX could be an excellent future hold-to-earn token suited for any background investor. Gnox’s whitepaper clearly describes the project’s goals, and its growing community is the next proof of the token’s potential.
GNOX’s presale started in May, right when the brutal crypto crash started. However, the project managed to maintain the price’s increasing pattern and let the early investors grow their revenues by 63%. Currently, in its ICO phase, GNOX’s reflective nature attracts new investors each day who have not been disappointed since then.
Cardano is an innovative smart contract platform with a complex governance model designed to increase transparency and accountability in the cryptocurrency space. The Cardano protocol is being developed by IOHK, a company founded by Charles Hoskinson, one of the co-founders of Ethereum. Cardano is currently ranked in the top 10 cryptocurrencies by market capitalization.
One of the key features that sets Cardano apart from other smart contract platforms is its use of a unique proof-of-stake consensus algorithm called Ouroboros.
This year, Cardano has seen a significant price increase, and since the demand for ADA is growing, investors maintain the confidence that Cardano’s price will keep surging too.
Solana is a high-performance decentralized blockchain platform that supports fast, secure, and scalable transactions. The native token of the Solana blockchain, SOL, is used to pay transaction fees and secure the network.
The Solana team comprises experienced engineers and researchers from projects like Google, Qualcomm, and Tandem Capital. CEO Anatoly Yakovenko leads the team, previously the lead engineer at Akasha, a decentralized social media platform.
Solana platform is designed to scale to a much higher number of transactions per second than other blockchain platforms. This is important because as blockchain adoption grows, the demand for fast and scalable transactions will increase.
Solana’s market capitalization is $20,283,024,101. So far this year, Solana has seen a price change of -77.40%, but despite the bearish market, Solana continues to gain momentum and buy the dip opportunity.
If you’re looking for new crypto gem ideas, AKA digital currencies with big potential, you’ll want to check out Gnox Token (GNOX), Cardano (ADA), and Solana (SOL). All three of these digital assets have the potential to grow exponentially in the coming years. While there are no guarantees in cryptocurrency, these three tokens are worth keeping an eye on.
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