We all know that cryptocurrency has the potential to make us rich beyond our wildest dreams. But which coins are most likely to turn their investors into millionaires by December? Our top three picks are Uniglo (GLO), Synthetix Network (SNX), and Zcash (ZEC). Here’s a closer look at each coin and why it could be a wise investment.
Uniglo (GLO)
Uniglo (GLO) is an Ethereum-based social currency with a number of excellent proposals for addressing important crypto and broader financial challenges. GLO has an asset-backed base price that is reasonably steady and is totally deflationary, making it resistant to significant price decreases.
A 5 percent charge on each buy-and-sell transaction will fund the platform’s treasury. Following a community governance proposal, the team will acquire assets to support the token’s floor price as its value grows.
The Ultra-burn approach reduces the $GLO supply and increases the token’s scarcity. The mechanism will ensure that 2% of each buy/sell transaction is taken from circulation permanently. In addition, the revenues from the asset-backed vault will be used to repurchase and destroy GLO tokens.
In just the first weeks of the presale, $GLO was able to expand by 25%. Given these figures, it is highly anticipated that this unique system will produce a large number of new crypto billionaires by December.
Synthetix Network (SNX)
Synthetix is a decentralized finance (DeFi) platform that provides on-chain exposure to a diverse array of digital and non-digital assets. Built on the Ethereum (ETH) network, the protocol provides access to highly liquid synthetic assets (synths). Synths monitor the underlying asset and provide returns on it without the requirement for direct ownership.
Users can independently trade and swap synthesizers on the website. In addition, it provides a stake pool in which owners can stake their SNX tokens and receive a share of the transaction fees from the Synthetix Exchange in exchange.
By incorporating non-blockchain assets, the platform aims to broaden the crypto sector by providing access to a more sophisticated financial system.
Zcash (ZEC)
The decentralized cryptocurrency Zcash prioritizes privacy and anonymity. It employs the zk-SNARK zero-knowledge proof mechanism, allowing network nodes to confirm transactions without releasing sensitive transaction data.
Contrary to popular belief, most cryptocurrencies, including Bitcoin (BTC), are pseudonymous rather than anonymous. At the same time, they do not explicitly disclose their users’ identities. Each user has a unique public address that can be used to identify them in data science and blockchain forensics.
Therefore, the fundamental advantage of Zcash is its optional anonymity, which allows for a level of privacy that other cryptocurrencies that use pseudonyms, such as Bitcoin or Ethereum, do not provide.
Zcash is thus an appealing investment option for traders and is expected to have a major increase in the following months.
Conclusion
While it is impossible to say for sure whether or not any particular asset will generate returns sufficient to turn investors into millionaires, it is possible that Uniglo (GLO), Synthetix Network (SNX), and Zcash (ZEC) could each see significant price appreciation in the coming months.
If you’re lucky enough to have these three in your cryptocurrency portfolio, you could be a millionaire by December. Each of these projects has unique and compelling fundamentals that could drive demand and, as a result, prices higher.
Learn More About Uniglo:
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 paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
