Mega DeFi Projects To Invest In During 2022: Gnox (GNOX), Fantom (FTM) And Pancakeswap (CAKE)

Regardless of prevailing market conditions, DeFi (decentralised finance) continues to swell with more projects being released every day, and the current projects adding new utility. DeFi currently represents a haven for investors; with the current price of crypt assets, not only are they generating yields, but those yields will soar in value in the coming months.

Timeline of Pancakeswap, Fantom,

Whales are not gods or men with infinite IQ; they were once regular investors who, at some point or the other, found themselves well positioned to profit from some of their financial moves. For example, a person who bought Ethereum when it was at $300 would have seen substantial gains when the token surged past the $4000 mark.

Fantom (FTM) possesses one of the most dynamic and vibrant DeFi (decentralised finance) ecosystems within the entire crypto space. The developers of Fantom launched their incentive programme, which directly rewarded developers who built DApps (decentralised applications) on the network that met certain liquidity thresholds.

The current state of the crypto market has dealt severely with the price of many tokens and dampened the morale of investors so that the general sentiment has become one of extreme caution. Nevertheless, true traders and investors know that the fortune that comes during the bull market is usually a result of actions taken in the bear cycle.

On July 27th, the Pancake (CAKE) price rebounded from the support trendline with a minor star candle pattern. The resulting run-up amid improving market sentiment surged the market price 24% higher and breached the $3.55 and $3.85 resistances.

Cryptocurrency is an entirely decentralized kind of virtual money. Today, cryptocurrencies have become an alternative investment option for investors wishing to protect themselves from stock market declines and maximize their profits.

The Fantom (FTM) community has voted to use a third of the burn fees on transactions to fund ecosystem projects instead. The post Fantom community decides to use burn fee to fund ecosystem projects appeared first on The Block.

The sell-off and market uncertainty have been at odds with one another for the past two months in the cryptocurrency market. The Fantom price has lately sliced through another resistance around the $0.3 mark, presenting a fresh entry opportunity.

Fantom (FTM) has been increasing at an accelerated rate since breaking out from a descending resistance line on July 18. The post Fantom (FTM) Creates Higher Low Above $0.245 appeared first on BeInCrypto.

Amid the last two months of uncertainty in the crypto market, the FTM/USDT pair continued its downward spiral under the influence of a descending trendline. Furthermore, this dynamic resistance aided sellers in pushing the coin price to a low of $0.1961, after which the coin chart showed a spike in demand pressure.

Many people say that the days when dabbling in crypto paid off in millions are long gone and that the most talked about crypto assets are now all but worthless.  Who can blame them? This is a bear market, after all, despite the bear market rallies.