Make Gains Against The Bearish Headwind With Gnox (GNOX), Polygon (MATIC) And Binance Coin (BNB)

Many investors are in a panic during this bear market and are eager to sell their holdings and switch their portfolios to cash or short-term government bonds. The selling pressure for coins and tokens is driving down the price of cryptocurrencies, and the cryptocurrency market is no exception.

Timeline of Bnb, , Polygon

Many analysts believe August will be a good month for altcoins and NFTs, but investors are sceptical about leaving stablecoins to invest in crypto assets because we are still in a bear market. Despite the caution, it has become apparent that some whales have been making big moves in preparation for the next market cycle.

Binance Coin (BNB) was able to climax at an all-time high that outperformed Bitcoin (BTC) – and Changpeng Zhao, Binance CEO, isn't surprised at all. Remarkably, the BNB/BTC pair reached $0.0124.

The Polygon unique addresses number increased by 12% in the second quarter and the huge growth of the bridge aggregators only shows a wave of user migration from Ethereum to Polygon so let's have a closer look at today's latest blockchain news.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polygon [MATIC] found renewed buying pressure over the last month as the buyers continue to inflict a streak of green candles on the daily chart.

Binance exchange cryptocurrency [BNB] reached a new all-time high (ATH)  on 29 July. No, it hasn't surpassed its 2021 levels against the Tether [USDT], but as of 29 July, BNB crossed to an ATH against Bitcoin [BTC].

Binance investors are one of the most powerful and wealthy groups of crypto holders, and they play a major role in influencing the price. Recently, the attention of Binance investors has been drawn to Gnox, an emerging DeFi project with huge potential.

Polygon MATIC/USD has advanced from $0.45 to $0.99 since the beginning of July 2022, and the current price stands at $0.93 Polygon solves pain points associated with blockchains Polygon is a platform for Ethereum scaling and infrastructure development that aims to improve the speed and reduce the cost and complexities of transactions on blockchain networks.

In early 2021, Matic, an Ethereum infrastructure project, rebranded to Polygon. Development teams of Ethereum apps can use Polygon's workarounds, which concentrate on the architecture of the Ethereum network, to accomplish things faster and more securely.

Danish blockchain platform Vleppo and US-based plant genome biotech firm Allele Group have used blockchain technology powered by Ethereum (ETH) scaling solution Polygon (MATIC) and Komodo Protocol to enable monetization of cannabis plant IP.

Binance Coin (BNB) price rose to a high of $272 and then fell back. Since July 19, buyers have failed to sustain bullish momentum above the $275 resistance zone. However, if the bulls break through the $275 resistance, the price will rise to a high of $323.