Place/Date: - September 7th, 2022 at 12:58 pm UTC · 2 min read
The prices of cryptocurrencies change every day, and not everyone is gifted enough to predict which coins or tokens will surge in value the following day. Fortunately, we can project which digital assets have the potential for gain in the coming months. And based on our observation of the market as well as the performance and capabilities of specific crypto projects, we believe that November will be a good month for Uniglo (GLO), Maker (MKR), and Aave (AAVE).
Maker is one of the cryptocurrency projects we expect to surge in price. Maker is an Ethereum-based decentralized finance (DeFi) project that is focused on enabling peer-to-contract lending and borrowing, facilitating ETH-encrypted, over-collateralized loans. MKR is the platform’s main utility and governance token. However, the protocol also issues a stablecoin called Dai. As of this writing, the project has already issued $89 million Dai from real-world assets, $50 million of which is linked to the largest real-world asset vault.
We also see AAVE, the native token of the Aave platform, to surge before December. Aave is a large DeFi platform built on Ethereum, utilizing smart contracts to operate a liquidity pool where lenders can earn relatively low-risk passive income and borrowers can access pool-to-peer lending. Lenders are thus able to earn interest while borrowers can take out loans without the hassle of arduous credit checks. Aave has also expanded beyond Ethereum, having a presence on Avalanche and Fantom.
Lastly, and most exciting of the three, we have Uniglo. This is a very new project in DeFi that has not even been publicly launched yet. Uniglo is a community-based social currency that is supported by a multi-asset vault containing digital currencies, digitized collectibles, and rare non-fungible tokens (NFTs). It is already making so much noise in the investment space despite still being on Phase 2 Presale. That is good news for first-time or small-time investors, however, since Uniglo’s GLO token is still being offered at a discount.
Cryptocurrency is not a perfect market that yields constant and reliable gains every single time. Growth and wealth accumulation in crypto takes some research and experience. But for anyone who wants to invest in crypto to see gains in two months’ time, experts see the three projects above as a good place to start.
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