The current price of digital assets represents a great entry point for new investors, and existing investors should be leveraging current prices to bring down their average buy cost. With a change in market sentiment brewing, investors who want to profit in the next bull cycle should start buying now. This article features three crypto projects, Uniglo (GLO), Fantom (FTM), and Polygon (MATIC), which are perfect for novice crypto enthusiasts looking to get involved in the space.
Uniglo is a perfect choice for novice investors. GLO, the native token, has been designed as a new and improved social currency, returning to a provable base of value and scarcity principles. Uniglo is the first protocol to introduce an Ultra Burn Mechanism: 2% of every trade on GLO will be sent to the Uniglo Abyss, a burn wallet, and on top of this, assets held in the Uniglo Vault will be sold at intervals, and a portion of the profits will be used for the Buy Back and Burn of GLO from the open market. This hyper-deflationary token leverages scarcity to increase its value, with basic principles of supply and demand dictating that as total supply decreases, the price naturally rises.
The Uniglo Vault holds a collection of digital, real-world, and NFT assets, which give GLO a value-backed floor price whilst hedging against market volatility. This single token represents exposure to a broad range of assets and is the perfect long-term hold for novices and experts alike.
For novice crypto enthusiasts who want to begin dabbling in the world of DeFi (decentralised finance), FTM, the native token of the Opera Network, Fantom’s mainnet, is a perfect place to start. Thanks to the forward-thinking management of the Fantom Foundation, the Fantom ecosystem has attracted several of the best developers within DeFi by directly rewarding them for building on the network.
SpookySwap is the premiere DEX (decentralised exchange) and an excellent place for investors to begin yield farming with plenty of opportunities to create LP (liquidity provider) tokens and earn trading fees. FTM trades at $0.32, down from its prior ATH (All-Time High) of $3.40 and is a great choice for novice crypto enthusiasts.
Polygon is a layer two scaling solution built on top of the Ethereum network that brings scalability to the largest ecosystem within DeFi. Polygon launched in 2017, and its PoS (Proof of Stake) sidechain takes transactions off the Ethereum mainchain, executes the transactions, and then reports back to the main chain.
MATIC trades at $0.85 and has seen explosive growth in the past month. With the continued development of the Ethereum ecosystem and the constantly growing need for greater throughput, MATIC is positioned well to appreciate. Making it another excellent choice for novice crypto enthusiasts.
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