DOGE and Gnox Token (GNOX) are the most popular coins among BNB Whales

BNB whales have recently become interested in two crypto tokens, one old and one new. The first is the venerable Dogecoin (DOGE). The second is a newcomer: GNOX, a DeFi utility token. Let’s take a look at each of these tokens to see where they came from and where they might be going.

DOGE (Dogecoin) is a token with a sense of humour.

Dogecoin has been around for a while. Following a spectacular run last year, the token began to gain traction among crypto whales. Furthermore, the development team has been working to add utility to DOGE, while several consumer platforms, including Tesla and AMC cinemas, have accepted the token as payment for their products and services.

Tesla has begun accepting DOGE for some of the merchandise it sells on its website. Elon Musk, CEO of Tesla, announced this on Twitter in mid-January. However, you can’t use it to buy a car just yet.

Dogecoin, which began as a joke cryptocurrency, saw its value skyrocket after Musk expressed interest in the project in 2021. He has since tweeted about DOGE several times and is said to be working with DOGE developers to improve the token’s efficiency.

DOGE is popular among those with a good sense of humour, according to Musk. “Billy’s sense of humour and irreverence is a big part of why people love Dogecoin,” Musk said of Dogecoin co-creator Billy Markus.

Many crypto whales believe that DOGE has reached a bottom and that now is a good time to jump on board with a long-term investing strategy.

Gnox (GNOX) is a unique DeFi utility token.

Gnox aspires to be a market leader in the Defi sector. The GNOX token, which runs on the Binance Smart Chain (BSC), is a “reflection token.” This term refers to crypto-assets that reward holders by airdropping the token into the wallets of current holders without any effort on their part.

In the case of GNOX, a team of expert DeFi analysts invests funds in the Gnox treasury into reputable liquidity pools, staking platforms, and peer-to-peer lending protocols to earn interest, providing the token with an inherent upside bias. Profits from these activities are then distributed proportionally to GNOX shareholders. “Gnox strategies have been tried, tested, and used daily by our DeFi experts,” according to the website.

The platform’s mission is to make DeFi investing much easier. To earn a positive return on investment, GNOX investors only need to buy and hold the token.

The GNOX token is currently available for pre-sale until July 12th, with the platform launching on July 18th.

DOGE and Gnox Token (GNOX) are the most popular coins among BNB Whales

Nonhlanhla P Dube

Nonhlanhla P Dube is a senior news reporter at Rateweb. Nonhlanhla is a student of International Relations at the University of South Africa. She reports primarily on personal finance and economics. You can contact her directly by email at [email protected]

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