The crypto market has been blossoming around the fact that we are now closer to the bottom, given the relief rallies in July. It may be far too early to comment, but this is an excellent opportunity to invest in some top cryptos like Uniglo (GLO), Cardano (ADA), and Solana (SOL). Let’s catch a glimpse of what they bring to the table.
Uniglo is a community-focused social platform with a native asset backed by cryptos, NFTs, and real-world assets. This came into existence to solve the problem of combating market volatility during tough times like these. For every buy/sell transaction, Uniglo charges a 10% tax, out of which 5% is reserved for the treasury. These funds are utilized to purchase assets and added to the Uniglo Vault. It ensures the stability of Uniglo’s floor price against volatile conditions. Also, 2% on each transaction is automatically burnt to keep the demand high with a limited supply. This unique deflationary model has put Uniglo at the forefront of the crypto future.
Popularly known as the Ethereum killer, Cardano is a smart contract platform that runs on a proof-of-stake consensus. Decentralized applications and protocols can be built on top of this blockchain at a lower transaction cost than Ethereum. The utility token of the ecosystem, ADA, is used as an exchange of value, and can be staked to maintain the protocol’s security. Furthermore, ADA holders have the right to vote on any improvements or changes to the protocol, thus participating directly in its development. Cardano has a broad spectrum of use cases across various industries, including healthcare, agriculture, finance, government, and, education.
Solana is one of the fastest blockchains in the crypto space with super-lighting transaction speed. Anyone can build applications on this open-source platform with no sole entity controlling it. The ecosystem is powered by a native asset SOL, which is used for transaction fees and staking. The third-gen blockchain architecture coupled with scalability simplifies app development. It can process up to 65000 transactions per second with very cheap gas expenses. The 2021 market witnessed a remarkable growth of SOL in terms of power, functionality, and value. It is currently down to a juicy price, which makes for a smart investment choice.
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