The crypto market in 2021 garnered plenty of attention with the introduction of DeFi, NFTs, metaverse, and whatnot. The exponential rise in crypto prices took everyone by storm, as we kept waiting for the dip. Now that we are closer to the bottom than the top, it’s the best time for beginners and experts to get into action. Fundamentals suggest that these three cryptos could be worthy investments for the near future.
Built on the Ethereum blockchain, Uniglo is the first community-owned social currency that claims to be immune to market volatility. It has a dedicated treasury vault that shields the value of GLO against turbulent conditions. This Crypto is backed by digital currencies, NFTs, and tangible assets. For every trade on its network, 5% goes toward boosting the treasury, while 2% is burned to reduce supply. Profits generated from the protocol are also utilized for buying back and burning GLO tokens. The token is currently in the presale phase, and this may be the best time to invest in a promising project.
Bitcoin Cash (BCH)
Bitcoin Cash is a hard fork of Bitcoin that came into existence to increase the block size and enable higher transactions per block. It also differs from its counterpart as it does not include SegWit implementation. With BCH, anyone can send money anywhere in the world, having complete control over their funds. It offers more anonymity and privacy than traditional systems like credit card payments and bank transfers. With constant innovation and uninterrupted growth, the future looks bright for this peer-to-peer electronic cash.
The need for a peer-to-peer storage network in the blockchain industry gave birth to Filecoin. It enables users to share a portion of their unused hard disk space and get FIL tokens as a reward. One can set their own prices and make their own contracts. The platform uses end-to-end encryption to ensure no one can access decryption keys, and the files are kept safe in multiple storage locations. Unlike cloud storage solutions like AWS or Dell, Filecoin allows consumers to get the best deals out of thin air. It has already been a success in the crypto community, and it would be interesting to see how it attracts newbies to Web 3.
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