Bitcoin and bulls seem to fight back following eight months of steady downside price action. Bitcoin has conquered the 50-day MA and flipped it to support. Also, the overall market cap has overcome its bearish shackles.
Moreover, a dovish stance from Jerome Powell saw the risk-off atmosphere switching to risk-on. 2022’s final months seem lucrative for cryptocurrency investors, and the weakening dollar means time for digital assets to bloom. Uniglo, Polygon, and Fantom will likely lead the gainers this year.
Uniglo creators have developed new hype-deflationary crypto to address issues of the prevailing economic space. Investors go for highly volatile digital current or fiat without a base of value. Meanwhile, GLO is a Uniglo Vault-supported social currency. Uniglo Vault comprises NFTs collection, real-world utility, and tangible assets, ensuring a value-backed price for GLO.
GLO investors gain access to top-notch assets utilized predominantly to store wealth by the well-off for centuries. Moreover, GLO boasts an ultra-burn program, using the demand and supply principles to create a token that appreciates constantly. GLO has impressive long-term potential.
Fantom was among the altcoin with parabolic surges over the years, surging through the ranks within no time. The token opened the year near $0.01 and exploded to hit $3.40 during its peaks. The Layer1 network earned the nickname ‘The ETH Killer,’ and Fantom ensured its future as a multi-chain.
Fantom boasts one of the most robust and vibrant ecosystems in the crypto world. The Incentive program saw the Fantom Foundation directly rewarding developers on the platform, attracting leading talents in the space. With top names like Tomb Finance protocol and Harry Yeh joining the blockchain, plus the latest Tomb Chain addition, FTM will likely show market players its current $0.33 price is an attractive investment opportunity.
Polygon’s proof-of-sate sidechains ensure scalability to the ETH blockchain and triggered massive adoptions from less capitalized market players. MATIC has gained over 140% since early July, leading the alt rally. The alternative token received an enormous boost from Disney’s declaration about selecting Polygon for its creator program.
MATIC hovered at $0.92, and bulls appeared in the front seat. MATIC is among the few tokens to overcome their 100-day MA and maintain it as support. The upcoming months appear lucrative for Polygon investors, and MATIC will close 2022 with a stellar performance.