Cryptocurrency booms in India, and the country is a global leader in adoption. As a result, seeing the most popular tokens in this country can provide great insight into the market and outline possible opportunities. This quarter the most popular tokens in India are Uniglo (GLO), Solana (SOL), and Dogecoin (DOGE).
Uniglo (GLO)
Uniglo is an Ethereum-based DeFi protocol that has delivered a new form of currency that blends fundamental economic principles with the blockchain’s programmability. GLO, the native token, returns to the value-backing observable with fiat in the past, commonly referred to as the Gold Standard.
The Uniglo Vault houses a blend of assets giving GLO an intrinsic floor price and allowing its valuation to rise with economic growth. But it is the deflationary model of GLO that makes this token a crypto gem. With 2% of every transaction automatically burnt, the total supply of GLO rapidly declines, and laws of supply and demand dictate a dwindling supply means a rising price. This value creation mechanism locks in great value for early investors, and many analysts speculate that GLO will be 20X before the year is over.
Also read – Rumors Leaked Uniglo.io Developing Unseen DeFi Utility Together With Devs From Fantom And Uniswap
Solana (SOL)
Solana is a layer-one blockchain project powered by a hybrid consensus mechanism. This hybrid mixture of PoS (Proof of Stake) and PoH (Proof of History) means Solana delivers enormous throughput, theoretically capable of 65,000 transactions per second. This blockchain was designed for the future. It was built centrally around speed and can scale to global demand. SOL rallied hard in 2021 as a direct result of the network’s incredible performance, and it is likely to rally again throughout 2022.
Dogecoin (DOGE)
Dogecoin was launched in 2013, and this meme coin has a long and interesting history. Forked from the Litecoin network as a joke, this token has outgrown its original intentions massively. Heavily supported by its investors and now with Dogechain offering DeFi use cases for the token, DOGE has more utility than many other projects. DOGE can rally hard with sufficient psychological belief in the markets, and the end of 2022 could play out well.
Also read – Investors Buying Uniglo.io With Cryptos Like Tether, Binance Coin, And Solana
Closing Thoughts
Crypto investors are earlier than they believe in the decentralized revolution. Investors building their portfolios today will reap the rewards tomorrow; these three tokens are all excellent choices. However, it is expected that both GLO and SOL will outperform DOGE.
Find Out 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
