Place/Date: - July 22nd, 2022 at 3:16 pm UTC · 3 min read
The cryptocurrency market is populated with thousands of token choices. With various DeFi applications, NFTs, and other novel areas emerging in the Web3 industry, competition is getting more challenging – and the projects entering the market are also becoming more and more exciting. To win in the space, however, offering gains in the token price is no longer enough. Investors want more from their crypto investments. If you’re searching for the next token that could provide limitless possibilities, we suggest you take a look at Uniglo (GLO), Binance Token (BNB), and Solana (SOL).
Uniglo is the new kid on the block among the three tokens mentioned above. But that simply means Uniglo offers something new compared to the other two. While Uniglo still promises price gains with its token GLO, the manner of supporting its value is unique. First and foremost, it applies a hyper-deflationary token burn model that promotes the scarcity of GLO.
Uniglo also offers digitalized fractionalized asset ownership of a vault. This vault will contain a range of assets including digital currencies, NFTs, digitized gold, and real-world collectibles. As these assets appreciate, the platform will sell them to generate profits, which will then be reinvested toward purchasing additional assets.
As a Decentralized Autonomous Organization (DAO), community members have a say in the governance and the choices for investment. This means that token holders have control over the direction and momentum of the Asset Vault.
Binance Token is, of course, the currency that powers the BNB Chain ecosystem. BNB Chain is the largest cryptocurrency exchange when it comes to daily trade volume.
With its ever-expanding range of use cases, Binance Token is said to have an optimistic future. And according to analysts, BNB is one of the cryptos investors need to watch this July. To drive the appeal of its token, the chain also recently burned almost two million BNB tokens, which amounted to over $444 million. BNB is projected to reach $247 in July.
Solana is one of the fastest decentralized computing platforms in the world. With the capability to support 50,000 transactions per second (TPS) and 400ms block times, Solana enables efficient and scalable decentralized apps and marketplaces.
Despite the bearish market, Solana has attracted over $110 million in investment funds as of July 1. It is projected to receive more funds throughout the rest of 2022. As for the price of the SOL token, it has so far been on an upward trend. As of July 15, it has had three sessions of a price increase for the month – and it achieved a 10% gain during the most recent value climb.
We believe Uniglo (GLO), Binance Token (BNB), and Solana (SOL) are worth looking into, especially as the Web3 industry continues to evolve. Particularly, Uniglo could offer wealth opportunities for those who buy into it early.
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