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Every day, dozens of new cryptocoins are added to the market. Because of this, there are now more than 20,000 different kinds of cryptocurrencies on the market. In fact, most of these efforts will never amount to anything important. However, bitcoin is still the most popular cryptocurrency and people are eager to know the sources that one should consider for investing in bitcoin.
Which brand-new digital coin do you think has the best chance of skyrocketing in value in the next few years, making your cryptocurrency portfolio worth more? Based on a number of factors, Binance Token (BNB), Gnox (GNOX), Polkadot (DOT), and Uniswap are our top picks for the summer cryptocurrency market (UNI).
Gnox (GNOX)
Gnox token is a new cryptocurrency, but by helping its owners, it has built a strong community. This is different from a lot of other crypto projects that have come and gone without much attention.
Gnox has been doing very well since its first pre-sale round, as shown by the fact that its price has gone up by more than 60%. More than 2 billion tokens were moved to the dead wallet during the token burn event. This meant that there were fewer tokens to go around, so their price went up.
GNOX has shown that it is a new type of reflection token that can make investing in DeFi easier by giving every token holder the chance to earn a DeFi yield. This is possible because GNOX is a reflection token that GNOX gives out.
The Binance coin (BNB)
The Binance Smart Chain uses Binance Coin, which is the name of its own cryptocurrency. It is well-known because it works closely with Binance, which is the biggest and most liquid cryptocurrency exchange. It’s possible that the fact that there are more and more ways to use BNB on both the exchange and the smart contract platform has something to do with its growing popularity.
Even though a lot of people use it, experts agree that Binance Coin is one of the most successful cryptocurrencies this summer for two reasons. First, there are more and more ways to use the token, especially to pay fees on exchanges and as a utility on the smart contract platform. Second, Binance has been steadily increasing the rate at which BNB currencies are burned. This means that there are fewer BNB coins to go around, even though more and more people want them.
Polkadot (DOT)
Polkadot (DOT) is a smart contract platform that wants to beat Ethereum. It was built with an ecosystem of blockchains that can work together. It is built on consensus because it is a Proof of Stake (PoS) blockchain. The relay chain is connected to many different parachains, which are programmable blockchains.
Each of these parachains offers both decentralized applications (dApps) and financial services that are not run by a central authority (DeFi). There are different kinds of parachains that can connect to other blockchains, like Ethereum.
Ethereum, on the other hand, can handle 14 transactions per second, but most transactions can take up to six minutes to finish.
Since the first parachains were put in place in December, Polkadot has been growing steadily. It’s already the eleventh most popular DeFi ecosystem and one of the biggest crypto blockbusters of the summer. So far, more than $17 billion has been invested in the platform.
Uniswap (UNI)
The decentralized exchange Uniswap is well-known and often used. It is also one of the DeFi systems that moves the most smoothly. So far, Uniswap has been added to more than 300 DeFi programs and apps. Because of this, UNI tokens can now be used in more ways.
At their peak, UNI tokens were worth more than 11,000 times what they were worth when they were first bought. Even though the recent drop in the market may have cost them money, we think they will quickly get back on their feet and try to set new price records
But we also know that cryptocurrency investors care more and more about keeping their privacy and anonymity. Decentralized exchanges (DEXs) like Uniswap can meet this need. When people buy UNI tokens on Uniswap, they can also add liquidity to the Uniswap DEX and make passive income.
