This summer could be bittersweet for holders of cryptocurrencies. After what seemed like a season of losses and defeat that coincided with the Terra (LUNA) crash, things may finally be looking up.
However, the upward trend in crypto prices is not happening uniformly across the industry. Some digital assets are recovering faster than others, which means some investors are making gains faster than others. From our perspective, the frontrunners this summer in terms of gain-making are Uniglo (GLO), Uniswap (UNI), and Fantom (FTM).
Uniglo (GLO)
Uniglo is a new decentralized finance (DeFi) project that expects huge returns this summer. The project already broke past the 25% growth mark and is set to generate more gains for people who invested in its GLO token early.
Uniglo is specifically designed to reward anyone who invests early and holds on to their GLO token for a long time. This focus is complemented by a collective investment portfolio referred to as the Uniglo Community Asset Vault — in which GLO holders would have a fractionalized asset ownership — that can surpass the market tests and support the value of GLO despite fluctuations.
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The project also implements a unique burning process called Ultra-Burn Mechanism that helps reduce the supply of GLO tokens in the secondary market. The Asset Vault and the Ultra-Burn Mechanism work together to underpin the value of GLO.
In the short term, however, Uniglo is gaining so much popularity, resulting in a major boost in the price of GLO. Investors who want to participate in Uniglo’s early growth stage can do so while the cryptocurrency is still in its presale phase.
Uniswap (UNI)
Huge returns are also expected to come from Uniswap. Uniswap is a very popular decentralized exchange considered as a key player in the DeFi space. Developers consider Uniswap as a credible platform, which is a key reason why the volume of decentralized applications (DApps) on the network continues to grow. UNI is considered a reliable investment asset and is expected to generate yields this summer and for the next five years.
Fantom (FTM)
Finally, we believe Fantom also expects big returns this season. Fantom is a high-throughput smart contract platform for DApps and digital assets. It operates through a directed acyclic graph (DAG), in which transactions are recorded as graphs of blockchain hashes. In 2021, Fantom’s FTM token had a parabolic rise, reaching an all-time high of $3.40. It is currently trading at $0.30 and could increase over the summer as the market gets carried by bullish sentiment.
Final takeaway
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Investors might finally see bright summer days, which could begin with Uniglo, Uniswap, and Fantom.
