Which Cryptos To Invest In This August? Uniglo (GLO), Bitcoin (BTC) And Stellar (XLM)

With the summer in full swing and the crypto market tearing, investors are looking for safe havens to park their money. Uniglo (GLO), Bitcoin (BTC), and Stellar (XLM) are all great options for summertime investing. Let's explore each of them in-depth.

Uniglo (GLO)

Uniglo is a relatively new coin that has been steadily gaining in popularity since it entered its first presale in July of this year. The coin is based on the Ethereum blockchain and is designed to be a universal hyper-deflationary currency that will grant investors a portion of ownership of the world's most popular and rare digital and tangible assets, such as cryptocurrencies, collectibles, NFTs, digitized gold, etc. that will be stored in a special GLO vault. 

The profits from the vault are redistributed to the holders and is also utilized to gain more assets for the vault. This method also supports the price of its native token, $GLO. 

But how does the protocol ensure the value of $GLO remains deflationary? With its dual burning mechanism. Burning is a well-established practice in the cryptocurrency industry to artificially destroy tokens from circulation and boost the token price because the fewer tokens remain, the higher demand and price gets.

The Uniglo protocol burns 2% from each $GLO sale within this burning method. Furthermore, the protocol uses a buy-back and burn method, which is funded by the portions of profits from the GLO vault. 

It's worth noting that Uniglo is a DAO protocol, meaning each decision is made by the community: what assets to purchase for the vault, what to sell, how much to buy back and burn, etc.

Overall, the Uniglo protocol's beautiful design and on-point solutions for the volatility have attracted tons of investors, making it an attractive investment choice for the summer.

Does Bitcoin (BTC) Remain A Good Investment Option?

No crypto investor's portfolio is complete without Bitcoin, the original and still most dominant cryptocurrency. While BTC has been on something of a rollercoaster ride over the past few months, the long-term outlook for the coin remains bullish. Bitcoin's high liquidity is what makes it an ideal investment vehicle for those aspiring for short-term profit.

With more and more businesses beginning to accept Bitcoin as payment, the coin is only expected to increase in value.

Why Should You Invest In Stellar (XLM)?

Stellar is a decentralized protocol that allows for fast and affordable cross-border payments. The coin associated with the protocol, XLM, has seen explosive growth over the past year, and the project is quickly gaining mainstream adoption. One key feature that makes Stellar so attractive is its low transaction fees. With XLM, users can send money anywhere in the world for just a fraction of a cent. This makes it an ideal solution for those who need to send money abroad for either personal or business purposes.

Since its debut in 2014, the Stellar network has completed billions of transactions, partnered with big corporations, and become one of the most popular cryptocurrency investment options.

Bottom Line

The summer doldrums are finally behind us, which can only mean one thing for cryptocurrency investors: it's time to start making some serious gains. August is shaping up to be a big month for the crypto markets, with plenty of news and catalysts on the horizon that could send prices skyrocketing. Uniglo (GLO), Bitcoin (BTC), and Stellar (XLM) are a few examples worth considering for guaranteed high profits.

For More About Uniglo:

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