After the great Terra-Luna crash, the entire cryptocurrency market has been struggling to get back on its feet. Analysts have been busy observing the daily motions of cryptos to identify opportunities for short-term growth. One of the key questions they want to answer is: what is the most bullish crypto out there?
To answer this question, we spoke to some experienced digital currency researchers who pointed us in the direction of three cryptos – Uniglo (GLO), Polygon (MATIC), and Lido Staked ETH (stETH).
Bullish growth with Uniglo (GLO)
Uniglo is a new project built on Ethereum that started its first presale last July 15. This platform offers a multi-asset community vault that will underpin the value of its GLO token. Whales and investors are keen to put their money in this project not only because it is still in its presale phase but also because it introduces a hyper-deflationary token model that could bring token scarcity into overdrive.
Polygon (MATIC)’s bullish run
The Polygon platform facilitates the construction of Ethereum-compatible blockchain networks and helps to connect them. Many users and developers migrate to this network because it enables fast and affordable transactions. Despite the bearish sentiment across the market, it recently had a 70% surge in the price of its MATIC token. The surge was mostly because of the announced completion of a scaling solution that would upgrade the speed and efficiency of transactions on Ethereum. As of this writing, the MATIC token is trading at $0.92.
Gaining with Lido Staked ETH (stETH)
The Lido platform is the third and last pick of our researchers. Lido enables the staking of various assets such as Ethereum (ETH), Solana (SOL), and Polygon (MATIC) to gain a second layer of yield. It is basically the staked derivative of ETH. Last month, Staked ETH was embroiled in a controversy around the freezing of withdrawals. But it has since bounced back with a vengeance. As Ethereum transitions to a proof-of-stake mechanism that promises to be more environment-friendly, the stETH token is enjoying renewed investor interest.
The bottom line
As the cryptocurrency market remains bearish, investors are nervously waiting for their portfolios to turn a corner. While the market is waiting to pick up, investors can bet on Uniglo (GLO), Polygon (MATIC), and Lido Staked ETH (stETH) to enjoy some bullish deviance.
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