In a market that is flooding red because of rising inflation, high costs, and depreciating fiat money, many people are looking for viable options for investment. While cryptocurrencies have had their share of ups and downs, however, many investors – including institutional grade investors – show great interest and a growing confidence in what digital currencies could achieve.
So while the crypto market is generally in the red, some investors are smart enough to accumulate those currencies that are set for massive gains before the end of 2022. In this article, we talk about three cryptos that are expected to make gains by Late October.
Uniglo is a new player in the cryptocurrency market but it is projected to turn bullish in late October. Currently, Uniglo is already being bullish, with the price of its GLO token gaining over 25% within the first week of its presale. Now, the new decentralized finance (DeFi) is already in the second phase of its presale, and it is growing massively. It is already gaining the attention of whales and analysts, though not only because of its massive growth but mainly because of the unique investment structure it aims to implement to ensure consistent and asset-backed growth for its GLO token.
Algorand (ALGO)
Algoraland could also turn bullish in late October. Algorand facilitates the convergence between decentralized and traditional finance. It was created in 2019 to take on what its founders refer to as the “Blockchain Trilemma” consisting of speed, cost and decentralization. Ahead of Ethereum’s Merge project, Algorand already operates with a Proof of Stake methodology. As such, it can handle a thousand transactions per second. All its active users also receive a stake in transactions. While the price of ALGO appears bearish now, investors are showing patience in exchange for a strong return in the mid- to long-term period.
Flow (FLOW)
The bulls might also push the price of Flow before the holiday season. Flow is a decentralized network promoting the development of decentralized applications, games and digital assets. The creators of Flow are the very same people behind the wildly popular Crytokitties non-fungible tokens (NFTs). As such, the developments and projects on Flow are considered next generation, showcasing impressive capabilities for user experience and having a strong appeal among brands.
Final thought
October is just around the corner. Anyone wishing to accumulate gains before the Christmas season rolls along should look into the three tokens we outlined above.
Learn More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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Source: https://www.thecoinrepublic.com/2022/08/17/uniglo-glo-algorand-algo-and-flow-flow-could-turn-bullish-late-october/