Cutting-edge investments like real-world assets, NFTs, and cryptocurrencies support GLO, which might see significant profits in late 2022. DOGE has been among the best-performing crypto assets, while its adoption as a payment medium might drive its price higher.
Many investors wonder which crypto assets will provide the best returns after the large influx of capital into the market in 2021. Uniglo (GLO), Polygon (MATIC), and Dogecoin (DOGE) have the potential to become the biggest gainers this year.
The value of the native token of Uniglo, GLO, increased by over 30% in July. While the Polygon native cryptocurrency MATIC rose by more than 10%, Dogecoin has gained popularity and will accumulate further gains.
The Factors Driving the Price of GLO Higher
Although Uniglo has existed only for a month, its success has made the headlines. A vault of municipal assets the company retains long enough to generate money supports the value of the GLO token.
Cutting-edge investments like real-world assets, NFTs, and cryptocurrencies support GLO, which does not rely too heavily on them.
This project started the pre-sale before its official debut, scheduled for mid-October. That has led many analysts to think Uniglo will generate significant profits in late 2022.
MATIC Is the Most Popular Altcoin in the Market
Polygon has had various deals this year, mainly creating Web3 projects with hedge fund manager Alan Howard, Draftkings, and Adobe’s Behance. It has collaborated with different industries and even worked with Instagram on NFT projects.
The project has completed over 1.6 billion transactions, with around 142 million unique user addresses and USD 5 billion worth of protected assets.
MATIC is trading at around USD 0.811602 and has accumulated a 5% gain over the last 24 hours. While its daily trading volume is above USD 347.80 million, its market capitalization is about USD 6.04 billion, according to CoinGecko.
The Reasons for DOGE to Be on the List
Shortly after the launch of DOGE, its value increased by around 300%, going from USD 0.00026 to USD 0.00095. That caused it to become one of the top 10 cryptocurrencies in the market, rising by over 8,600% between January and May 2021.
It remained among the best-performing cryptocurrencies in 2021, hitting an all-time high of USD 0.7376 and a market capitalization of over USD 700 million.
Many analysts expect a growing number of businesses to begin to accept it as a payment medium, driving its price higher. Elon Musk, the CEO of Tesla, had already announced that his company would receive Dogecoin for its products.
DOGE is trading at around USD 0.068654 and has accumulated a 4.4% gain over the last 24 hours. While its daily trading volume is above USD 436.73 million, its market capitalization is about USD 9.10 billion, according to CoinGecko.
Even though other crypto assets might make significant gains next year, GLO, MATIC, and DOGE seem to be the most promising. Their robust fundamentals and excellent positioning could help them exploit the growing demand for cryptocurrencies.
By Alexander Salazar
