Rare Finds: Bear Market Income from Gnox (GNOX), Litecoin (LTC) And Binance Coin (BNB)
Earning income in the bear market can be difficult, but it isn’t impossible. And it’s important to note that passive gains from long-term holds are actually the most viable option right now, especially when short-term prices are highly volatile. Making money on a coin simply just going up in the short-term might be harder, but holding on for the long run should pay off in the future. Especially when you can still make passive income returns from your holdings in the meantime. That’s why we love Gnox, Litecoin and Binance Coin.
Gnox gives passive income options to the masses
Earning a passive income from GNOX is easy, thanks to the Gnox protocol’s unique treasury of funds. This treasury (built from a sales tax) makes investments on Gnox holder’s behalf and pays back the proceeds every month. It’s the first to offer Yield Farming as a Service in the DeFi space, and should be key in bringing more mainstream investors into crypto. After all, you don’t need to understand how many strategies in the DeFi investment space work with Gnox, you can just hold your coins and enjoy passive income gains.
And in the short-term, Gnox has also been performing extremely well. Still in pre-sale, prices have surged over the last few weeks. With more token burns and more people realizing the benefits Gnox can add to their portfolio, prices could continue to rise. That’s why we like Gnox for both the long and short-terms.
Many tout Litecoin as the answer to BTC. They see it as a true currency that can be spent on purchases rather than held as a store of value. While it obviously hasn’t had as much success as Bitcoin, Litecoin is still a veteran in the crypto world, and one of the largest altcoins around.
But the future of LTC isn’t just in it’s potential to go mainstream as a real usable currency: you can earn passive income with it, too.
There are a range of different platforms offering passive income from LTC, with some rates around 7%. While this might not be as high as some of the riskier crypto rates, it’s still much better than you’ll be getting in the bank, all while holding a reasonably solid coin with a lot of potential.
Binance Coin (BNB)
Binance Coin acts as the utility token for the native Binance Network. As one of the biggest exchanges in the crypto world, Binance offers users the ability to trade, stake and earn with a wide range of cryptocurrencies, and holding BNB Coin gives those doing so a number of benefits (like lower fees). With the new BNB Vault, BNB Coin holders can also easily stake their crypto for passive income returns at a simple touch of the button. We think BNB has a strong future in crypto.
These three tokens are still great options in the current bear market, despite overall turmoil in the space.
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