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A select number of Cryptos show signs of strength during Bear Market: Gnox (GNOX), Dogecoin (DOGE), And Binance Coin (BNB)


The current bear market has been tough on crypto investors, with most digital assets posting double-digit percentage losses. But amid the sea of red, a select number of cryptos have managed to post gains or modest losses. Gnox (GNOX), Dogecoin (DOGE), and Binance Coin (BNB) show signs of strength during the bear market. How?

Gnox (GNOX)

Gnox is a newcomer utility token offering yield farming as a service and lots of passive income potential to the investors.

With the goal to make DeFi investments easier for investors, Gnox’s DeFi experts do the work on behalf of clients per their votes and airdrop the profits by the end of each month. Meaning, that GNOX owners simply have to hold the tokens and wait for the gains to add up to their wallets automatically.

Although Bear is extremely hard for newbie projects, The Gnox team has developed a novel approach to managing their initial coin offering (ICO) that encourages investors to participate. There are three monthly phases to the ICO. A specific number of GNOX tokens are allocated to each phase, and any unsold tokens are burnt at the culmination of each phase before the beginning of the next, boosting the token’s value. Additionally, the team offers early investors 10% bonuses and referral programs. All these helped GNOX to surge by 63% even during the ICO, promising further surge after launch.

Dogecoin (DOGE)

The name and emblem of Dogecoin, invented in 2013 as a joke, is based on the well-known “Doge” meme. Yet, Dogecoin swiftly gathered support and rose to prominence as a cryptocurrency unto itself. 

In May 2021, DOGE reached an all-time high of $0.73 but experienced major drops later.  Even though DOGE is still down more than 90% from its all-time highs, it continues to stay stagnantly strong in the bearish direction.

DOGE remains one of the earliest cryptocurrencies in use that has been present since 2014. It has a sizable community behind it, which gives it a lot of tenacity. 

Moreover, since June 2nd, there has been an increase in the number of new addresses joining the Dogecoin network. This indicates that more people than ever are getting involved with cryptocurrencies. 

The bear has negatively hit numerous other well-known cryptos, but that does not imply they are no longer worthwhile investments. Since DOGE has progressively grown stronger and has already escaped the bear, additional price increases are more likely to occur.

Binance Coin (BNB)

The largest cryptocurrency exchange in the world is, without a doubt, Binance, and Binance Coin (BNB), the platform’s native currency, is objectively believed to stay on top of the headlines for a long. 

Over the past few years, Binance Coin (BNB) has transformed significantly from a payment method to a well-known cryptocurrency that can provide extensive services to people everywhere. 

Although first hosted on the Ethereum exchange, Binance Coin (BNB) has subsequently migrated to its own Binance Smart Chain (BSC). This has allowed it to process transactions more quickly and efficiently.

Binance Coin (BNB) once was the fifth largest cryptocurrency by market cap, but the bear has also marked BNB’s pace and caused its price to drop. Surprisingly, recently, BNB has shown signs of strength, signaling the BNB is ready for the bull run soon. 

Bottom line

Although BNB and DOGE slightly get back to their strong paths, investors don’t fully trust the coins to surge yet. Meanwhile, GNOX has not yet experienced a single adverse outcome, highlighting its benefits.

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