The cryptocurrency market experienced a major crash in May and continues to struggle today. FED interruptions and investigations are also creating new obstacles that further dull the growth potential of established cryptos such as Cardano.
However, while many major cryptos are bearish today, the competition is making moves to outperform them. The cryptos that could rise above the rest soon include Aave (AAVE), Stellar (XLM), and a new player, Uniglo (GLO).
Aave could outperform major cryptos soon. Aave is a very popular platform, and it is an Ethereum-based, open-source, decentralized lending protocol with a growing role in the decentralized finance (DeFi) space. The platform is known for enabling seamless transactions for lending and borrowing via a liquidity pool. As of this writing, the price of AAVE was on an upward trajectory. Last week, its price grew 12.68%, reaching $109.73. Today, AAVE is trading at $110.16.
Stellar could also outperform Cardano and other major cryptos. Stellar is a platform for creating, sending, and trading digital money, including digital currencies and fiat. While its native token XLM experienced price dips during the first half of 2022, the token has also shown an ability to grow massively. In 2021, AAVE doubled its price from $0.13 to $0.27. As the market recovers, Stellar could achieve a similar magnitude of growth.
Uniglo is one of the latest iterations of social currencies, and this protocol is all about building security, stability, and growth into its GLO token. Uniglo has a community vault that will contain multiple assets that could back the token. As such, GLO token holders would not need to worry as much as if they were holding a volatile and completely speculative coin.
With its rising popularity, Uniglo achieved 25% gains during the first week of its presale. The crypto is already in the second phase of its presale, which will last until the middle of September.
Cardano is one of the most established cryptos in the world. It is a cryptocurrency project and a decentralized public blockchain built on Ethereum. The platform was created back in 2015 and officially launched in 2017. Over the last 24 hours of this writing, Cardano brought the highest profit levels since March. Bulls are serious about pushing the price of ADA as competition intensifies in DeFi.
In the cryptocurrency landscape, nothing is constant. Yesterday’s big players may no longer be as prominent today, and it may be time to bet on today’s lesser-known cryptos showing signs of a big tomorrow.
Find Out More Here:-