Bitcoin trades in a tight consolidation range and is poised for a breakout.Technical analysis indicates it will break out in bullish formation and move to flip the 21-day moving average from resistance into support.And when Bitcoin moves, altcoins fly.Uniglo (GLO), Cardano (ADA), and PancakeSwap (CAKE) have been selected by crypto analysts as the best picks, all possessing the potential for excellent long-term returns.The current entry points are superb, and successful traders make it a habit to buy low and sell high.Uniglo (GLO)- Value Backed Currency Uniglo is a token designed to appreciate over long periods.GLO was developed in reaction to the lack of options available to investors for storing wealth.
With volatility in digital assets and fiat’s value eaten by inflation, the ordinary investor is stuck.
Developers at Uniglo have introduced value backing to this Ethereum-based social currency through leveraging buy and sell taxes to fund asset acquisitions.The Uniglo Vault holds a blend of digital and physical assets, including larger cap cryptos such as BTC & ETH to benefit from long-term appreciation, stablecoins to hedge against volatility, and high-end items such as fine art.Assets remain one of the last genuine stores of value and ordinary investors must expose themselves to assets if they want to preserve their purchasing power; the GLO token offers a simplified and diversified basket of securities in a single token.It is the perfect store of value.Cardano (ADA)- Top Tier Blockchain Infrastructure The Cardano Network has been making headlines recently with delays announced for its Vasil hard fork upgrade.Long-time investors in Cardano are not worried; under the steady hand of Charles Hoskinson, the Cardano Network has been built in a rigorous scientific fashion.
Nothing is rushed, and this academic approach has been slow to bear fruit, but now Cardano represents some of the finest blockchain infrastructure in the digital asset space.More than 73% of the total supply of ADA is staked, showing investors have faith in this project’s long-term capabilities, and it is an excellent token to hold.
PancakeSwap (CAKE)- DeFi Paradise PancakeSwap is the most visited decentralised exchange within DeFi.CAKE, the native token, is provided to investors for providing liquidity and is a brilliant token for yield farming.Distributed in all of PancakeSwap’s liquidity pools, it can then be single staked on the platform to generate even more yield.The macroeconomic environment is currently risk-off.
This led to money leaving DeFi and heading towards bonds.
CAKE is currently massively undervalued by the market and when money begins to flow back into DeFi, expect this token to make an enormous rally.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 Disclaimer: This is a sponsored press release and is for informational purposes only.It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice..
