The post With DeFi Set To Post Big Bull Market Gains, Market Researchers Eye Uniglo (GLO), Fantom (FTM), And DeFiChain (DFI) As Best Picks appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The need for precise and dependable market research increases as the DeFi sector expands and changes. It may be challenging to decide which initiatives are worthwhile investments when so many compete for attention.
Market researchers are fortunately there to assist. They have been closely monitoring the DeFi market and have found three initiatives, namely Uniglo (GLO), Fantom (FTM), and DeFiChain (DFI) that they predict will prosper in the following months.
Why are these three initiatives regarded as the top choices for the market bullishness?
Uniglo is a community-based social currency backed by digitized physical goods, digital currencies, rare NFTs and a brand-new project with significant room for development.
GLO is a ground-breaking project that addresses some of the most fundamental challenges in the cryptocurrency industry. In order to create the first asset-backed currency in the world of cryptocurrencies, Uniglo adopts a unique Vault that will purchase and retain tangible digital assets and digital gold. Profits from this vault will support their world’s first ultra-burn tool to buy back GLOs from the secondary market and burn them to reduce the supply. Furthermore, each GLO transaction will be taxed that will burn 2% of purchased or sold GLO.
All of this is done in order to develop a currency that is completely asset-backed, volatility-resistant and is not susceptible to the wild speculation that is associated with undiversified cryptocurrencies.
Uniglo is available for presale from Jult 15, with the final launched scheduled for October on Uniswap – one of the leading DeFi exchanges of the cryptocurrency world.
Fantom is a scalable blockchain platform that enables near-instant transactions with high uptime and security.
FTM is Opera’s native token and one of the most volatile crypto projects in the top 100 by market size. Fantom is a favorite gem among investors and developers in DeFi. Additionally, TVL (Total Value Locked), the main measure for measuring a blockchain’s ecosystem, ranks it seventh. Fantom has some of the best DeFi projects due to their incentive program.
Fantom was the first network to pay developers for adding features, creating a thriving, unparalleled DeFi ecosystem. FTM is under $0.25 and therefore, it offers great buy dip opportunity.
It is a decentralized lending platform that offers native interest-bearing assets and instant liquidity.
DeFiChain differs from all other existing solutions since it is the only company to provide trust-minimized software to the market.
Although decentralization is an essential component of the DeFi ecosystem, several platforms often seem to lack this feature in practice. This is due to the fact that core developers, who oversee and direct network development, mostly maintain control.
However, speaking of DeFiChain, it has no such loophole to a “centralized” feeling. The DeFiChain Improvement Proposals (DFIPs) from anybody within the community are welcome since the blockchain is totally community-owned.
This privileges gives investors confidence to consider DFI a potential crypto gem.
All three projects, GLO, FTM, and DFI, have strong fundamentals, communities, and good long-term prospects – making them good picks for the DeFi bull market.
Although crypto industry is still quite unfamiliar with GLO, wider excitement and adoption are expected by the analysts, as finding a hedge against market volatility is the major interest of the investors know.