The world’s largest decentralized exchange, Uniswap recently surpassed $1 trillion in total trading volume. Uniswap was the first DEX to gain mainstream adoption. The platform uses automated market makers for which investors provide liquidity in order to generate income from transaction fees.
Uniswap is currently trading below the 200-day simple moving average (SMA) making it a great buy right now. Currently priced at $5.29, UNI is expected to hit $10 by the end of 2024 and could double by 2026, according to Coin Price Forecast. However, according to CoinCodex, UNI is expected to pass $ 8.00 before the end of July.
Shiba Inu (SHIB)
The Shiba Inu project team has been working diligently to build utility into SHIB token including launching a DAO that lets the community vote on directional changes. The token’s ecosystem has already expanded to include a decentralized exchange called ShibaSwap and a metaverse for SHIB holders. These kinds of community inclusion strategies tend to greatly increase brand loyalty which could in turn buoy the price. SHIB has fallen more than 90% since its all-time high and is expected to show a good rise once the markets are in heat again. According to Business2Community, Shiba Inu could increase by 3X by the end of the year and $0.0001 by the end of 2025 which is a 10X return on investment.
Gnox Token (GNOX)
Gnox Token is a new DeFi platform that offers new crypto investors an opportunity to diversify their investment across a variety of DeFi platforms that provide passive income. This “yield farming as a service,” as they call it, makes passive income investing just about as simple and low-risk as it can possibly get. All investors have to do is buy and hold the coin to earn continuous passive income no matter what direction the market is headed, plus a cut of monthly profits.
Interestingly, although the platform hasn’t launched yet, the price is pretty much guaranteed to go up over the next six weeks. The ICO is broken up into three phases with a portion of GNOX tokens allotted to each phase. At the end of each phase, all unsold tokens are burned. The price has already increased by 60% since the ICO launched.
Then once the Gnox platform launches in mid-August, all unsold tokens will be burned again. This not only guarantees that early investors will see substantial gains in the short term, but it also assures a fair launch as no additional tokens will be minted — ever. Moreover, an ongoing buy-back-and-burn mechanism assures that GNOX is one of the few coveted deflationary tokens.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register