Could newcomer Gnox Token (GNOX) outperform Litecoin (LTC) and Shiba Inu (SHIB)?

9 June 2022

in SHIBA

Reading Time: 3 mins read

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Litecoin just announced the launch of its brand-new privacy extension, and a number of high-profile fashion businesses have stated that they will accept its tokens as payment.

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In the meantime, Shiba Inu has announced the launch of their new online P2E game. What advantage does the new Gnox Token have over these two well-known cryptocurrency projects?

Litecoin is the Granddaddy of Altcoins (LTC)

Litecoin was launched in 2011 as a way to reuse Bitcoin’s initial open-source code into a whole new cryptocurrency.

Litecoin allows users to make speedy and secure payments with little effort. Customers can trade extremely swiftly thanks to transaction processing speeds of 54 per second. It has the potential to generate a new blockchain in less than 2.5 minutes. In Bitcoin, the same task takes 10 minutes.

Litecoin has lately been in the news because of the highly anticipated release of the latest MimbleWimble version. The MWEB contains major blockchain performance enhancements as well as powerful new privacy capabilities. On the Litecoin blockchain, it provides for private and secure transactions while also compressing unnecessary transaction data. This greatly improves the system’s performance and scalability.

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Litecoin is currently experiencing a period of rapid growth. It’s an exciting time for the classic altcoin, especially because Gucci, one of the world’s most well-known fashion houses, has announced that it will accept Litecoin as payment.

The Incredible Ascension of Shiba Inu (SHIB)

Shiba Inu is a joke coin that has nothing to do with Litecoin. It’s based on the same meme as Elon Musk’s Dogecoin, which is that cute Japanese puppy.
Founder Ryoshi, on the other hand, designed Shiba Inu in 2020 as a “Dogecoin killer.” The fact that Ryoshi’s identity is a well guarded secret adds to the mystery surrounding this coin.

Shibu Inu made headlines last year after posting increases of about 25 million percent. It’s an incredible leap, and it demonstrates just how valuable these currencies may be.

A trader’s $13,000 investment in Shiba Inu in 2020 surged to an astonishing $5 billion by 2021! Who doesn’t aspire to be a billionaire? I’m going to be there!

Shiba Inu generates a lot of buzzes because its creators update it weekly with fresh and intriguing features. The most recent buzz surrounds the company’s announcement of the launch of a new play-to-earn (P2E) game, which is expected to please Shiba game enthusiasts while also drawing more investors.

Gnox (GNOX) enters the fray

How can a newcomer like Gnox Token outdo Litecoin and Shina Inu?

Well, for a start, it is a new and innovative platform that lets individuals earn a consistent passive income without needing to do their own research and analysis. Gnox’s treasury feature will do it for them.

Those tokens are then used to invest in a basket of yield-generating DeFi assets. All profits are then used to buy back GNOX tokens on the open market and burn them, thus increasing the value of tokens held by investors.

The Gnox is proud to be the world’s first reflection project which uses its treasury to invest in DeFi yield-earning protocols for its users. They are establishing a new standard in tokenomics and marketing techniques within the DeFi space.

Gnox has been extremely successful in its presale phase, with a climb of over 52% in its first week. Crypto commentators attributed the buzz and successful ongoing presale to its advocacy of allowing those new to the crypto world to invest in DeFi assets.

Learn more about Gnox:

Join Presale: https://presale.gnox.io/register

Website: https://gnox.io

Telegram: https://t.me/gnoxfinancial

Discord: https://discord.com/invite/mnWbweQRJB

Twitter: https://twitter.com/gnox_io

Instagram: https://www.instagram.com/gnox.io

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