While the first half of 2022 welcomed a record bear market for cryptocurrencies, the second half is shaping up to be a glimpse of an upcoming bull run. Here are three digital assets that could produce good returns for crypto investors before the end of the year.
Uniglo (GLO) – a DAO of crypto investors
Uniglo is a crypto investment DAO. Holders of the Treasury-backed GLO token hold a stake in a diverse collection of digital assets, including cryptocurrencies, NFTs, and real-world assets such as artwork and collectibles. All decisions on what assets to invest in and when to sell them are subject to a vote of the entire community. Each holder’s influence is equal to their share of the current circulating supply.
A dual buy-and-burn mechanism encourages early adoption and long-term ownership while helping to mitigate volatility. First, 2% of all GLO sales and purchases are burned. Second, part of the investment profits are used to burn GLO tokens. These burns constantly reduce the supply and increase the price of GLO, regardless of the direction the market takes.
Uniglo is currently in pre-sale mode offering the GLO token in a private coin offering at $1.25 before the token is traded later this year. The token’s price will be increased once a month until then, so get in early and you’ll make gains even before it hits the market.
GLO launches at the perfect time – before the next bull run. With no psychological price resistance levels to break through, the sky is the limit with GLO. The fact that GLO makes crypto investing so simple means it could easily see mass adoption. And the more people jump on board, the faster GLO grows.
PancakeSwap (CAKE) – popular DEX with yield farming
PancakeSwap is one of the most popular decentralized crypto exchanges. Users can trade cryptocurrencies with other users while retaining custody of their assets. The platform also offers several yield farming opportunities.
The CAKE token has been on fire lately and has gained around 50% in the last few weeks alone. The price now sits at just under $4.00. Analysts have estimated that this relatively low-risk asset could sell for between $5 and $6, producing returns of 20% to 50% in just a few months.
Waves (WAVES) – a promising layer 1 blockchain
Waves is a versatile blockchain platform. It supports various use cases including DApps and DAOS. Waves is an attempt to improve upon previous blockchains by adding functionality, increasing usability, increasing transaction speed, and reducing the cost of use. Since its launch, several popular platforms have been built on top, including Gravity, a cross-chain and oracle network, and Neutrino, a decentralized finance (DeFi) platform.
Currently hovering around $6, WAVES is expected to sell for between $10 and $40 by the end of the year, yielding potential returns of 40% to 650% or more. WAVES is a bit higher risk but definitely worth watching.
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