Investors are now faced with a choice. In their memories, 2022 will be a year they look back on with either love or regret. Bitcoin’s price action is not surprising; It has followed a certain pattern of movement since it was first created in 2009. Bitcoin experiences a rapid expansion (bull market), rapid decline (bear market), and then a constantly rising horizontal range (consolidation phase). When BTC rises, altcoins rise even higher. That’s why this article will talk about Uniglo (GLO), AVAX and MATIC, which must be bought to take advantage of the bullish move ahead.
Bitcoin is consolidating
Crypto analysts have stated that after months of bearish price action, a macro bottom has formed and now the only way is up. Bitcoin is trading just below $23,000, facing solid resistance at $24,000 and major support at $22,000. Bitcoin is consolidating and will rally before the end of the year with improving macroeconomic conditions.
When Bitcoin rises 15 percent, altcoins can rise 50 percent. This article features three crypto projects that investors should buy now to take advantage of this upcoming move. Uniglo (GLO), Polygon (MATIC), and Avalanche (AVAX) are the best altcoins to earn later this year.
First altcoin on the list: Uniglo (GLO)
Uniglo is shaking up the concept of currency. This DeFi (decentralized finance) protocol leverages traditional economic concepts and the programmability of Blockchain to deliver a new and better form of money. In 1971 the United States abandoned the gold standard and the dollar’s value has been in free fall ever since. Uniglo Vault will store a collection of assets giving a true floor price to the GLO token, and 2 percent of each GLO transaction will be automatically sent to the burn wallet, greatly reducing supply and making this token hyper-deflationary. Bringing a demonstrable value base and deflationary economy to the DeFi space, GLO is a token that investors should watch.
Uniglo (GLO) is followed by Polygon (MATIC)
Polygon, the second-tier scaling solution, is currently in a league of its own. The Matic PoS (Proof of Stake) sidechain has brought much-needed scalability to the Ethereum ecosystem. Now, Polygon is developing ZK (Zero Knowledge) roll-ups to be deployed on the Ethereum network. With Merge comes a whole new era of scalability in the digital asset space. MATIC is trading at $0.88, up more than 20 percent in the last week and is leading the altcoin rally. This project has a lot of room to grow and is tied to the second largest crypto asset, ETH. So, it will play a permanent role in the future of crypto.
Latest coin: Avalanche (AVAX)
Ava Labs launched Avalanche Network in 2020, and this highly scalable layer one protocol soon established itself as a chain for DeFi investment. This eco-friendly and low-cost network currently runs an incentive program and rewards developers for building on the chain. Attracting some of the best minds in the business will ensure that the Avalanche ecosystem remains one of the most dynamic in the field.
The native token AVAX is currently trading at $23 and is one of the best buys in the bear market. AVAX has pulled back more than 85 percent from its ATH (All-Time Highs), meaning the upside potential is incredible when it bounces off at the end of the year. For more information:
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