A new bull run is on the horizon, and these three coins are your best bet. Uniglo (GLO), Ethereum Classic (ETC), and Internet Computer (ICP) are all set to benefit from the upcoming surge in crypto prices.
Uniglo is the newest project on this list and is still in its early stages of development. However, the team behind Uniglo has already made significant progress in a short time, and the project has a lot of potentials.
One of the critical benefits of Uniglo is its ultra-burn mechanism which should help to increase the value of the GLO token over time. The Uniglo protocol creates value for the holders of the GLO by burning repurchased $GLO tokens, and an extra 2% of all buy and sell transactions.
Uniglo also established a unique asset-backed vault where the community will hold the world’s most popular and rarest digital or tangible assets. The idea of the GLO vault is to give each investor a fraction of the ownership of hardly accessible assets and benefit from them with profits as a part of the community.
Uniglo has already experienced a 25% price surge during the crypto winter. Thus, it’s highly anticipated the surge will reach new highs as soon as bulls enter the market.
Ethereum Classic (ETC)
Ethereum Classic is often overlooked in favor of its more popular cousin, Ethereum. Since its inception, Ethereum Classic has distinguished itself from Ethereum. As time passes, the two networks’ respective technological roadmaps continue to move farther and farther apart.
The primary goal of Ethereum Classic is to maintain the Ethereum blockchain in its original form without artificially addressing the DAO breach.
The creators of ETC do not intend for the network to become a for-profit business since it is a volunteer organization. As with Ethereum, users pay transaction fees, which miners collect based on work completed using the proof-of-work (PoW) mining algorithm.
Like Ethereum and its native currency ETH, Ethereum Classic users must pay fees in ETC to execute smart contracts.
However, a significant contrast is that Ethereum intends to switch from “proof of work” mining to a brand-new mechanism called “proof of stake.”
Internet Computer (ICP)
A group of protocols known as Internet Computer (ICP) enables unaffiliated data centers all over the globe to collaborate and provide a decentralized alternative to the present centralized internet cloud providers. The ICP token is used for transaction fees, network member rewards for excellent conduct, and network governance.
Internet is centralized. Popular online apps are frequently closed-source, proprietary, and hosted by a few tech companies’ data centers. If a critical data center fails, large web portions may go down. Also, web-services providers may restrict programs.
This is where ICP comes into the picture. The Internet Computer offers developers a decentralized means to design, host, and serve programs, enabling websites to be launched directly on the internet. Internet Computer aims to encourage open source and transparent software development. With the growing popularity of the internet and online security, ICP can easily remain in its leading position in the bull run.
As the cryptocurrency market continues to grow, more and more projects are being made to solve real-world problems. This is a good trend that is likely to keep going as more and more people use cryptocurrencies as a way to earn profit and execute payments.
Uniglo, Ethereum Classic, and Internet Computer are all strong investment opportunities for the next bull run, thanks to their sound economic models and strong communities.