Cryptocurrencies have become a regular investment option for many portfolio holders. Despite their volatility, cryptos have demonstrated an ability to provide lucrative gains over the last decade.
But deciding to invest in cryptos is the easy part. Choosing which cryptos to bet on is the hard part, especially for those who have little to no experience with tokenization and blockchain technology.
In this article, we've rounded up three crypto gems that are worth exploring as investment options.
Uniglo.io is a new decentralized finance (DeFi) project on Ethereum that recently started its presale in mid-July. This project entails an asset-backed community vault and a hyper-deflationary token burn model that both underpin the projected price appreciation of its GLO token.
We consider this a potential crypto gem because it offers an opportunity for long-term growth with fractionalized asset ownership. It is specifically designed to reward loyal token holders and dissuade short-term traders.
Similar to Uniglo.io, Lido DAO is also based on Ethereum. Specifically, it is an Ethereum staking service provider that has been a leading player since 2021.
According to CoinMarketCap, Lido DAO is one of the cryptos that are currently experiencing price gains among the top 100 cryptocurrencies by market capitalization. Over July, the price of its LDO token gained 400%, which is a unique and miraculous feat amidst the current state of the market. A significant reason that could explain this price increase is the fact that Lido DAO is the biggest ETH staker for the upcoming Merge event.
Our third pick is Zcash, which is a cryptocurrency that is akin to Bitcoin but offers enhanced privacy for users. This crypto is indeed gaining popularity among users and investors. It is also gaining exposure and accessibility. Recently, the Bank of America announced it was adding Zcash to all their Bitcoin ATM locations.
While the price of its ZEC token was down the last few weeks, analysts believe it is entering a new demand zone and could present strong buying opportunities to investors.
Solid investments are difficult to find, especially as the options are ever-expanding and the risks seem to be increasing. However, investing does not need to be daunting if you know which assets, whether traditional or digital, are worth looking into.
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
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.