Summer is here and the time is right to invest in DeFi-focused cryptocurrencies. DeFi is about to explode. This is proven by the fact that there is more money sitting in stablecoins today than in Ethereum. All the dry powder is just waiting for the market to show the bottom pattern. Once there, you can expect some dramatic activity on the DeFi platform.
Here are three cryptocurrencies focused on DeFi and/or passive income for you to check out while you enjoy your hammock time this summer.
Uniglo (GLO) – one token has a diversified crypto portfolio
Uniglo is an investment token specially designed for early adopters and long-term holders. This is one of the tokens that you would expect from the previous ICO to be on the exchange. Lucky for you, GLO is still in ICO.
The idea of GLO is to create a DAO to build a treasury of assets that continuously increase in value as the tokens decrease in circulating supply so the earlier you get in and the longer you hold the tokens, the more you benefit. compound.
The treasury is financed by a 5% sales and purchase tax. That means every time someone enters or leaves the community, they add 5% to the treasury. That’s how it always grows. The fund is used to invest in a variety of digital assets including cryptocurrencies, NFTs, and token-backed assets such as gold, collectibles, art, and rare goods. As a DAO, all investments are chosen by GLO holders as a community.
Also, a 1% buying and selling fee is used to buy GLO tokens from the exchange, thus reducing the supply and increasing the price. Again, this goes on forever. And we’re not done yet. When the investment in the treasury is sold, any profit is used to buy back and burn more GLO tokens.
Visit it Uniglo.io website to learn more about this crypto-investment-made-simple platform. While you are there you can pick up a GLO bag.
Curve (CRV) – Stablecoin haven
Curve is a decentralized crypto exchange built specifically for non-volatile stablecoins. Curve offers DeFi investors passive income opportunities such as farming and liquidity mining in a low-risk investment environment.
When risk is low, CRV volatility is high. CRV gained more than 600% in the second half of 2022 and then fell back to its previous price of around $1. The next major resistance level for CRV is around $3. If the market heats up, it could come before the end of the year. It is a 300% gain from the current price.
Waves (WAVES) – high performance layer-1 block
Waves is a multi-purpose, high-utility blockchain that is the foundation for platforms such as DEXs, DApps, and DAOS. The Waves network is faster and cheaper to use than Ethereum (ETH) making it attractive to Web3 developers. Wave has hosted several popular platforms including the cross-chain and oracle network Gravity, and the decentralized finance (DeFi) platform Neutrino.
WAVES is currently running around $6. The coin is expected to hit $10 to $40 in January. That’s a gain of 40% to 650%. However, beware of volatility. As Michael Saylor said, “volility is the price you pay for performance.”
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