According to a recent report, Uniglo, Fantom, and Aave are all expected to experience significant growth in the coming months, making them sound investment options. Uniglo, in particular, is expected to nearly double its market share, making it a desirable choice for investors. With the global economy showing signs of strengthening, now may be an excellent time to consider investing in these promising initiatives.
There is a second underrated reason that people keep forgetting about. The Ethereum merge is expected to occur in the coming months, and all cryptos are expected to experience significant growth.
What Does Ethereum Merge Mean?
For those unfamiliar with the Ethereum merge, it is a radical upgrade to the Ethereum network that will make it more scalable and efficient.
The news that Ethereum developers are now confident that the integration will occur on or around September 19 caused the price of ETH to soar. The term “merge” refers to a protocol modification that will join the proof-of-stake beacon chain with the existing proof-of-work Ethereum mainnet. Therefore, the merging represents the last phase of Ethereum’s long-awaited transition to proof of stake.
As a result, the pace at which new ETH is generated and distributed is projected to be drastically reduced. This will have a deflationary effect on the cryptocurrency. Additionally, cryptocurrency’s price can increase if its demand continues to be strong.
What does Uniglo stand for? The creators of this new DeFi initiative came up with it after learning about the drawbacks of cryptocurrency. Rumors and public interest drive market fluctuations, but some digital assets have managed to maintain growth in an unsteady investment environment.
The GLO token is guaranteed to be permanently deflationary thanks to a double burn mechanism. Uniglo will use a 5% royalty fee on sales and purchases to buy GLO tokens off open exchanges, permanently removing them from circulation and increasing the token’s value. Tokens are also burned via profit taking on treasury assets, indicating that the circulating quantity of GLO is decreasing.
Because Uniglo is Built on top of Ethereum, any kind of positive news on ETH Merge will translate positively to Uniglo’s growth and development.
Uniglo is also heating up for the final launch this fall (October 18th, on Uniswap). Currently in the second presale round, early investors have the opportunity to gain bonuses and benefit from the upcoming price growth.
Fantom has earned a reputation as a high-performance, EVM-compatible L1 blockchain built with scalability. Fantom Opera, the company’s mainnet, was designed to facilitate rapid transactions at reasonable rates with high throughput.
Without sacrificing security or other crucial elements, Fantom has evolved into the ideal network for implementing dApps, DeFi protocols, metaverse projects, GameFi protocols, Non-Fungible Tokens, and more.
A layer one mechanism called Avalanche gave the Ethereum ecosystem scalability. This PoS (Proof of Stake) network made transactions quick and economical for DeFi, and its expansion demonstrates the value it added to the industry.
There are many prospects for yield generation on the blockchain, including DEXs (decentralized exchanges) like Trader Joe and lending protocols like Aave. Whales adore this ecology and the opportunity to prosper there.
Before The Bullish Fall Season Begins
With lots of positive updates in the crypto sphere, the fall is expected to bring bullish momentum. Before the cryptocurrencies start skyrocketing all around the industry, investors are getting their portfolios packed with high-potential gems: Uniglo (GLO), Fantom (FTM), and Aave (AAVE).