The cryptocurrency market has been all red lately. But it could finally be seeing a recovery soon, as Bitcoin and Ethereum work hard to drive momentum for the rest of the market. Investors could finally be in a position to pick out the high-yielders from the low-yielders. According to analysts, however, the three cryptos they expect to see going green this quarter are Uniglo (GLO), Fantom (FTM), and Ethereum Classic (ETC).
Massive growth with Uniglo (GLO)
Among our three picks, Uniglo is the youngest cryptocurrency. This decentralized finance (DeFi) project just started preselling last July 15. Its fresh entry into the market is one of the reasons Uniglo could generate massive growth for early adopters. The price of its GLO token surged 25% within its first week and is projected to continue growing exponentially in the coming weeks.
What is Uniglo anyway? It is a community-based vault with a multi-asset-backed treasury designed to underpin the price of GLO. This treasury will purchase a range of assets spanning digital currencies to tangible collectibles. Uniglo also implements a dual burn model to ensure the scarce supply of GLO tokens in the secondary market. This hyper-deflationary approach will drive the value for GLO holders in the long term.
Gaining from Fantom (FTM)
Analysts also expect Fantom to grow this quarter. Fantom is a DeFi platform that facilitates several decentralized exchanges and yield farming protocols. It is regarded for its scalability and is very popular among developers and users. Investors have opportunities for gain with Fantom’s investing outlets, staking, short-term trading, and yield farming. The developers at Fantom are constantly introducing upgrades and tools to make the user experience better and attract more users to its platform. As such, Fantom is considered one of the top yield generators this year despite the overall market downturn. Currently, the price of its FTM token is trading at $0.37.
Yields by Ethereum Classic (ETC)
Our third pick is Ethereum Classic, which is a blockchain-based distributed computing platform. With Ethereum finally shifting to a Proof of Stake consensus, Ethereum Classic (which remains to have a Proof of Work consensus) is said to be one of the top crypto gem picks for August. Ethereum co-founder, Vitalik Buterin, recommends that applications and projects that have become accustomed to a Proof of Work mechanism on Ethereum can always shift to Ethereum Classic. The recommendation comes despite Tron founder Justin Sun’s statement that a special Ethereum Proof of Work fork (EthereumPOW) should instead be developed.
The bottom line
The cryptocurrency market is at a conspicuous time right now. The bulls are still fighting to gain control of the market. And after a couple of months losing to bears, they might finally be winning. Investors who want to take advantage of the impending bull run can do so with Uniglo (GLO), Fantom (FTM), and Ethereum Classic (ETC).
Learn More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
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