Blockchain is an emerging technology that can disrupt the traditional financial system in the coming years. Over the past decade, we have witnessed rapid crypto infrastructure and innovation growth, leading to the birth of top-tier problem-solving projects.
Given the hype and craze around the crypto market, everyone is looking for that next big thing that can take the world by storm. Experts have shortlisted the below cryptocurrencies that can potentially appreciate fundamentals.
Uniglo (GLO)
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Market volatility can be harsh on entry-level investors with little to no idea about wild fluctuations. Uniglo grew out of this concern and developed a platform where GLO is backed by a broad spectrum of assets, which strongly affects its base price. The protocol has a dedicated vault that stores tangible and intangible assets to combat volatile conditions. This treasury is fed by implementing a 5% tax on each transaction. Furthermore, 2% is burned every time someone buys or sells GLO. As the presale numbers continue to grow, investors shift their attention toward this prospect!
Polygon (MATIC)
Polygon came into the picture when investors were bamboozled by high gas fees on the Ethereum blockchain. It was created to boost scalability and transaction speed while benefiting from the security and sustainability of the Ethereum ecosystem. The sidechain works on a proof-of-stake consensus to secure the network. The team also has plans to extend the support to other blockchains in the future. This will enable developers to build DeFi protocols and dApps on their preferred chain. Polygon’s native asset, MATIC, is currently used for gas fees and staking, and it will remain the sole token for any other solution that Polygon provides.
PancakeSwap (CAKE)
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PancakeSwap is the second largest decentralized exchange by volume, next to Ethereum-based Uniswap. Having been built on a fast, cheap, and scalable Binance Smart Chain, PancakeSwap exploded in popularity among retail and institutions for its cost-efficiency. Users can trade, farm, stake, and buy NFTs using this intuitive platform. CAKE, the native deflationary asset of the ecosystem, is burned in multiple ways to keep it in demand. A recently released lite paper has highlighted cutting down on token supply and increasing farming rewards.
