Gnox (GNOX) Best Pick To Stand Against The Bear Market, Whilst Bitcoin (BTC) And Binance Coin (BNB) Continue Downtrend – CryptoMode

As the larger cryptocurrency and financial markets have entered the bear market territory, the price of ether has fallen to a level not seen before 2021.

Meanwhile, Gnox’s price increased by 60% after the initial pre-sale phase. 

The project’s advocacy of providing a clear and straightforward DeFi earning solution for individuals new to the cryptocurrency market was associated with the price hike.

Gnox is a new cryptocurrency reflection token that has gained a lot of traction thanks to its passive income distribution plans.

Gnox is a reflection token that provides yield farming as a service, making it the first of its kind.

Gnox aims to simplify DeFi investment for all investors by allowing anybody who holds its token to participate in DeFi’s yield-generating opportunities.

Bitcoin (BTC) and Binance Coin (BNB) are still on the decline

Cryptocurrency markets are witnessing a bloodbath over the last 24 hours. The global market cap is down by 8.65 percent in the last 24 hours and is at $ 809.51 billion as of 11.30 AM, CoinMarketCap data showed.

Over the last two days, Bitcoin’s price has fallen below the $19,252 support level, hitting a swing low of $17,605.

On the other hand, the BNB token plummeted by 9.64 percent. Binance CEO Changpeng Zhao revealed that the crypto exchange has temporarily banned Bitcoin withdrawals owing to intense market instability.

Withdrawals have been suspended due to a backlog created by a blocked on-chain transaction. Regardless of the problem, Zhao has assured users that their money is safe. 

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