The article below is a submitted piece and is not the responsibility of Crypto Insider. This is not financial advice and our analysts are not financial advisors. Investment involves risks. Always consult an advisor when making financial decisions. The information and tips on this website are for educational purposes only.
The bear market has turned many crypto investors into smarter investors. With hype no longer driving the price of any cryptocurrency, investors are forced to go back to basics and take a different approach.
Crypto experts expect Uniglo (GLO), Chainlink (LINK) and SpookySwap (BOO) to be some of the best performers in the next bull market cycle. They may even be able to outperform the larger crypto projects. These are three cryptos that every investor should keep an eye on.
Uniglo is a new crypto that brings back value support to currencies. Since the abolition of the gold standard in 1971, the purchasing power of the US dollar has been in free fall. Inflation has reminded ordinary people around the world that their money is worth much less than it was ten years ago. GLO is a currency designed to preserve value while capitalizing on speculation. This is made possible by GLO’s so-called tokenomics.
A portion of every trade with GLO goes towards building the treasury, which assets are kept in the Uniglo Vault. The Vault will contain a basket of securities, including real, digital and NFT assets. Larger-cap cryptos are held to benefit from long-term price increases, stablecoins to hedge against volatility. The Vault will also feature high-quality physical items such as art, which has proven to be a great value store. GLO is a token designed to grow and preserve value by leveraging assets and scarcity.
chain link (LINK)
Chainlink is by far one of the most exciting digital asset projects. A weakness of blockchain technology is the inability to retrieve external data, and Chainlink uses a decentralized oracle network to solve this problem. Chainlink makes it possible to feed external data feeds into blockchains.
Chainlink acts as the bridge between the real world and blockchain technology, and the application possibilities are incredible. It facilitates better small-scale trading with live price feeds, but its potential application in supply chains and insurance is truly remarkable. With Chainlink’s value proposition, LINK is almost guaranteed to see explosive price action in the next bull market.
Spooky Swap (BOO)
BOO it is incentive token from Fantom’s main exchange: SpookySwap. SpookySwap currently controls over 20% of the total liquidity in the Fantom ecosystem, and with its monetization capabilities, it’s not hard to see why. A classic liquidity provider (LP) token bred on the platform is BOOxFTM, which currently pays 31% APR. The BOO rewards can be withdrawn and investors can generate incomes.
BOO is currently highly undervalued and all the proceeds generated have the potential to increase at least 10x in the next bull market phase. When the macroeconomic environment becomes riskier, SpookySwap will attract lots of liquidity and BOO will increase.
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The above article is a submitted piece and is not the responsibility of Crypto Insider. This is not financial advice and our analysts are not financial advisors. Investment involves risks. Always consult an advisor when making financial decisions. The information and tips on this website are for educational purposes only.