Predicting the market’s direction is impossible because predicting the future is impossible. However, its past performance gives investors some vague clues about its future performance. Bitcoin has continued to put in higher lows since mid-June. Whether this is a bear market rally or the macro bottom of this cycle has already formed will only become apparent with time. But timing the bottom is the same as timing the top, and many investors forget this.
The current price of digital assets represents a brilliant entry point, and investors should deploy capital into the markets. Investing in projects with solid fundamentals is the best path, for their price will inevitably catch up to the value proposition with time, and this article features three top-tier crypto picks Uniglo (GLO), Algorand (ALGO), and Fantom (FTM).
First on the list is Uniglo. A novel approach to currency leveraging blockchain technology and fundamental economic principles of scarcity and value backing to create a new digital currency that is free-floating. GLO is backed by a collection of tangible and digital assets. Digital assets include large-cap cryptos like BTC & ETH, which will appreciate over time, stablecoins to hedge against volatility, and lower-cap cryptos to benefit from growth speculation. The tangible assets will include gold, fine art, and other high-end items typically outside the everyday investor’s grasp.
Uniglo uses to buy and sell taxes to build a treasury fund responsible for purchasing these assets. These assets, stored in the Uniglo Vault, give GLO a natural floor price and allow it to grow with time. Uniglo offers investors a vehicle to keep the actual purchasing power of their wealth and employs asset ownership to ensure a steadily increasing value. GLO is a great long-term hold and is currently massively undervalued by the market.
Algorand is a layer one protocol that made headlines when it became the official blockchain platform for Fifa. A huge move for the project and the digital asset space. Algorand is, in terms of infrastructure, a beast of a project. It embodies the values of cryptocurrency perfectly being decentralized, secure, and scalable. It is one of the first projects to tackle the famous blockchain trilemma successfully. On top of this, it is environmentally sustainable.
Algorand has the performance to support the coming wave of adoption and has already formed strategic partnerships pushing crypto further into the mainstream. It is an excellent choice for investors, and Algorand is a project that will only grow.
Fantom is a coin every DeFi (decentralized finance) enthusiast is familiar with. Fantom is an ultra-scalable layer one protocol that delivers incredible performance with nominal fees and rapid transaction finality. Fantom distinguishes itself from blockchains by employing a DAG (directed acyclic graph) which allows for the validation of simultaneous transactions as nodes do not have to wait for the prior node to complete its transaction.
Fantom’s ecosystem is undoubtedly one of the most vibrant within DeFi and continues to grow, being one of the best places to earn money within the sphere. Fantom is a blockchain of tomorrow and one that will play an integral part in the multi-chain future.
Find Out More Here:-
Join Presale: https://presale.uniglo.io/register
Credit: Source link
Leave a Reply