The market enters Q4, and many crypto analysts and investors have termed October ”Uptober”. With renewed bullish sentiment, investors can look forward to lock in some serious gains. Now the big question for investors is what tokens they should purchase to make the most of this month.
Uniglo.io (GLO), Solana (SOL), and Fantom (FTM) are easily three of the best picks for October. All provide solid value propositions, have great entry points, and are ready to rip.
Uniglo.io (GLO)
A return to fundamental economic principles of scarcity and value-backing makes Uniglo a crypto gem investors do not want to miss. The protocol features a vault that houses a blend of digital assets including tokenized physical items such as fine art in NFT format. The Uniglo vault’s diversification delivers smooth market returns over extended periods. This is because high-end tangible goods are typically less affected by market uncertainty. And these vault holdings give GLO an intrinsic floor price.
On top of this, Uniglo employs an aggressive burning strategy. With 2% of every transaction automatically burnt, GLO will quickly become scarce on the open market leading to further price appreciation.
Also read – Uniglo.io, Solana, And Dogecoin Are The Most Trending Tokens In India This Quarter
Solana (SOL)
Solana is a layer one blockchain that tackles the issue of scalability and introduces a hybrid consensus mechanism to deliver high throughput. The network can theoretically process 65,000 transactions per second, and this performance led SOL to rally throughout 2021.
SOL has retraced heavily throughout the bear market; however, the Solana network still processes millions of transactions daily. With such heavy usage, a reversal rally is inevitable for SOL.
Fantom (FTM)
Fantom represents one of the best layer one blockchains due to its DAG (Directed Acyclic Graph) technology delivering incredible throughput and rapid transaction finality. But it is the Fantom ecosystem that makes Fantom an October crypto gem.
Very few ecosystems can compete with Fantom in a risk-on environment, and the return of bullish sentiment will see a rapid influx of liquidity into its ecosystem. And where liquidity goes capital appreciation follows.
Also read – Rumors Leaked Uniglo.io Developing Unseen DeFi Utility Together With Devs From Fantom And Uniswap
Closing Thoughts
The collapse of fiat currencies globally leads to increased digital asset investment. The dollar can only maintain its parabolic run so long, and when it loses strength and starts to falter, assets will experience an enormous rally.
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