The DeFi space offers a great future for normal people who want full control of their money. There are tons of solutions in the DeFi space that solve key issues in the financial world. However, the DeFi community has had a tough few weeks—along with the rest of the global economy. This isn’t a DeFi problem, far from it—but in an interconnected economic world, issues like high inflation and a looming recession have knock-on effects. That’s why there have been big dips in crypto recently. But it isn’t all bad news, far from it—some projects have remained strong and even continued to rise despite market conditions. These projects are perhaps best prepared to thrive in the future of DeFi, as they’ve shown resilience even during tough times. And right now could be the best chance to purchase them while they’re available at an arguable discount. That’s why more and more crypto investors are deciding to buy the current dip.
And market analysts have recently selected 3 top DeFi projects that could have a huge future in the space. These are AVAX, MATIC and GLO. Let’s have a look at why they could be perfect additions to your portfolio…
Uniglo introduces radical burn tokenomics
The team behind Uniglo have helped create an incredibly strong project that solves key issues in the crypto space. Built as a completely community-driven, completely deflationary coin on the Ethereum blockchain, GLO is fully 1:1 asset-backed and acts as a true store of value. Unlike much of the rest of the crypto market, it isn’t liable to over speculation or massive price dumps. This makes GLO the true gold standard of spendable digital currency. And its assets are even made up of digital versions of real-world gold, alongside a range of other assets to help create a completely solid and diversified core.
And it’s Uniglo’s unique dual-burn mechanism that helps make the coin completely deflationary. Alongside no more tokens ever being minted, GLO retains a system that becomes more scarce over time thanks to increased burning mechanics. This helps reduce supply as time goes by, and continues to provide more strength to the base price, and more upside for those who got involved early.
Avalanche has helped solve a number of key issues in the crypto world. Notably slow speeds and high fees. These are all improved on the Avalanche network, which is lightning fast and cost-effective. It’s also eco-friendly, which is another issue that has been holding crypto back for some time.
Polygon sits on the Ethereum blockchain and aims to simplify access to it by speeding things up and lowering fees. It could be key in the future of Ethereum and the wider crypto space, and has recently surged through price support points. The future looks solid for MATIC.
Experts love these 3 options in the crypto space. They could be perfect additions to your portfolio, so consider checking them out immediately.
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