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Thousands of cryptocurrencies are vying for the attention of investors. And the process of selecting which ones to use or invest in can be challenging, especially if you do not have any kind of background in digital currencies or decentralized finance (DeFi). So here we identified our top three trending crypto gems to help narrow your search.
Our first selection is Uniglo.io. This crypto is a new DeFi project that is based on Ethereum. It is a multi-asset-backed treasury that will fund the buying of exciting assets such as high-growth digital currencies and rare non-fungible tokens (NFTs). But the Uniglo Community Vault in which the assets will be housed will also include digitized real-world collectibles such as fine wine and high-end watches, which are less volatile assets. This diverse asset mix will help grow the native token GLO while weathering market fluctuations.
Another facet unique to this project is its Ultra-Burn Mechanism, which is a burn model added on top of the standard token burn. It is similar to what is more commonly known as "buyback-and-burn." However, what will be used to buy back GLO tokens from the market are the profits generated in connection to the vault. As a community-based network, the selection of when to buy back and burn tokens — and how many — will be community-wide decisions.
Our second pick is a blockchain-based distributed computing platform, Ethereum Classic. Notably, it shares the same name as the second biggest crypto player. And while the two are related, they are not the same. According to analysts, a key difference between the two is that ETC is traded in a lesser capacity and is a speculative digital asset with a fixed supply. However, ETC has been blowing up over the last week, almost tripling in price. This surge comes as Ethereum shifts to a proof-of-stake consensus. Ethereum Classic, however, will remain with its proof-of-work consensus.
Our third selection is Eos, which is a popular blockchain-based platform that facilitates the development of decentralized applications (DApps). Eos is highly scalable and can perform a million transactions per second. According to analysts, the EOS altcoin may have seen price dips over the past weeks, but it is gaining ground and could result in short-term gains before a strong bullish narrative takes hold. It is also worth noting that Eos has had strong NFT trading and activity levels despite any dips in its price — this is indicative of platform stability and potential for long-term growth.
Selecting the cryptos that are most suitable to your needs can be daunting, but Uniglo.io, Ethereum Classic, and Eos are great places to start.
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. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
