While the first half of 2022 hosted a record bear market for cryptocurrencies, the second half is shaping up to be a preview of a coming bull run. Here are three digital assets that could produce some nice returns for crypto investors before the year is over.
Uniglo (GLO) — a crypto investors’ DAO
Uniglo is a crypto investment DAO. Hodlers of the treasury-backed GLO token own a share in a diverse collection of digital assets including cryptocurrencies, NFTs, and tokenized real-world assets such as art and collectibles. All decisions on which assets to invest in and when to sell them are put to a vote of the entire community. Each holder’s influence is equal to their share of the current circulating supply.
A dual buy-back-and-burn mechanism incentivizes early adoption and long-term holding while helping to mitigate volatility. First, 2% of all GLO sales and purchases are burned. Second, a portion of the profits from investments is used to burn GLO tokens. These burns constantly reduce the supply and increase the price of GLO no matter which way the market is headed.
Uniglo is currently in presale mode offering GLO token in a private coin offering at $1.25 before the token goes onto exchanges later this year. The price of the token will be increased once a month until then, so get in early and you’ll make gains before it even goes on the market.
GLO is launching at the ideal time — before the next bull run. With no psychological price resistance levels to break through, the sky is the limit with GLO. The fact that GLO makes crypto investing so simple means that it could easily see mass adoption. And the more people that jump on board, the faster GLO grows.
PancakeSwap (CAKE) — popular DEX with yield farming
PancakeSwap is one of the most popular decentralized crypto exchanges. Users can swap cryptocurrencies with other users while maintaining custody of their assets. The platform also offers several yield farming opportunities.
The CAKE token has been on fire lately and has gained about 50% in just the past few weeks. The price now sits at just under $4.00. Analysts have estimated that this relatively low-risk asset could be selling for between $5 and $6 producing returns of 20% to 50% in just a few months’ time.
Waves (WAVES) — a layer 1 blockchain with promise
Waves is a multi-purpose blockchain platform. It supports various use cases including DApps and DAOS. Waves is an attempt to improve on earlier blockchains by adding utility, increasing user-friendliness, boosting transaction speeds, and lowering the cost of use. Since its launch, several popular platforms have been built atop including Gravity, a cross-chain and oracle network, and Neutrino, a decentralized finance (DeFi) platform.
Currently hovering around $6, WAVES is projected to be selling for somewhere between $10 and $40 by the end of the year producing potential returns of anywhere from 40% to 650% or more. WAVES is a bit higher risk but definitely worth keeping an eye on.
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