Analysts Predict Strong Positive Price Action From Gnox (GNOX), The Sandbox (SAND) And Tezos (XTZ)

Markets have been battered in the first half of 2022 with asset prices falling across the board. Hardest hit by the FED’s monetary policy adjustments to tackle inflation are big tech stocks whose stock price is heavily built on future earnings, which relies on low levels of inflation and low-interest rates. With quantitative tightening, this is no longer the case, and the tech-heavy NASDAQ has plunged in value. The markets treat cryptocurrencies like tech stocks, and they have seen massive retracements in value, but once the markets have gone down, there is only one direction for them to go. This article features three crypto projects forecasting massive growth in the coming months.  

Gnox (GNOX)

The first contender is Gnox. This project has already put in staggering gains this month, shooting up more than 60%. The developers at Gnox are pioneering a new investment strategy for DeFi (decentralised finance) earning and have created a low-touch single investment vehicle. Participants within DeFi know how complicated and time-consuming generating yields in DeFi can be, and many investors cannot participate due to the technical barriers. Gnox changes this, introducing a Hold to Earn token; Gnox has created every investors passive income dream.

The protocol features a treasury funded by buy and sell taxes and is used to generate yields for GNOX holders in DeFi protocols distributing the yields every 30 days in stablecoin. On top of this GNOX holders receive an automatic redistribution of GNOX tokens every 60 miunutes. This highly simplified earning tool has proven popular amongst investors and following an enormous token burn the token soared in value. All metrics dictate that this token has only just begun and will continue its climb. 

The Sandbox (SAND)

Next on the list is SAND, the native token of The Sandbox, used to power all transactions and interactions within the game. The Sandbox is one of the greatest beneficiaries of the general development and adoption of DeFi and the colossal growth coming to Web3 gaming. The Sandbox is a virtual world with a play-to-earn model created using blockchain technology, NFTs, and DeFi in a 3D metaverse.

Web3 gaming saw enormous growth in 2021, and this industry is only just beginning; as the metaverse becomes more accessible, more and more players will find themselves in The Sandbox. Players in The Sandbox need SAND to play, which will drive demand and price. Now trading just above $1, SAND is ready to soar in value. 

Tezos (XTZ)

Finally, there is XTZ, the native token to the Tezos blockchain. Currently trading close to $1.40, with solid support, technical analysts predict the next price level it will target is $4. This is an important level of resistance for XTZ, but if it can break through $4, and the bulls support its run, it could well go on to tackle its prior ATH (All-Time High) of $9.18.

The Tezos blockchain is one of the most exciting projects in crypto due to its governance mechanism that abolishes the need for hard forks. The blockchain can constantly adapt to governance measures voted on by the community, and this ability to seamlessly evolve will ensure Tezos plays a vital role in the development of DeFi.

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