The bleeding crypto market has kept investors on the sidelines, as we witness the downfall of some major cryptocurrencies across the board. It’s not just the retail, but also the institutions that were not prepared to stomach this downfall.
However, turbulent times like these also bring opportunities for life-changing gains. Spotting top performers like Uniglo (GLO), Binance Coin (BNB), and Shiba Inu (SHIB) isn’t that difficult, given the strong fundamentals on offer. Let’s take a look at these crypto projects.
Uniglo is a decentralized protocol with a native asset GLO that is backed by tangible assets, NFTs, and cryptocurrencies. It ensures value protection against volatile market conditions and keeps the floor price in check. As the treasury grows in strength, so does the underlying value of the token. 5% of the tax is reserved for fund allocation, and 2% is permanently taken out of circulation. Any profits generated by the burn mechanism are used to buy and burn GLO tokens. There’s a DAO voting system in place to implement proposals.
Binance Coin (BNB)
Binance has become a household name for the crypto community, as it strives to bridge the gap between the fiat and crypto worlds. It has its own Binance chain ecosystem powered by BNB, which is also used as a medium of exchange and payment. The rapidly growing use cases of the utility token is a testament to how BNB can perform in the long run. It may be significantly down from its all-time high, but an excellent opportunity to fill your bags before another leg to the upside. The massive ecosystem is here to stay in an effort to drive global adoption.
Shiba Inu (SHIB)
One of the most popular meme tokens in the crypto space, Shiba Inu has made early investors exponential gains in a short span of time. It has a massive community behind it, which has been the primary reason behind the skyrocketing prices. It’s not just a meme token anymore since the use cases have expanded to the metaverse and dApps. With the introduction of Shibarium, Shiba Inu has stepped into the world of layer-2 solutions as a cost-effective alternative to Ethereum. It could well be one of the top performers when the market gets back on track.
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