Best Cryptocurrencies Investments For August: Uniglo (GLO), Bitcoin (BTC), Fantom (FTM), And Avalanche (AVAX)

Last Updated August 19th 2022
5 Min Read

The crypto market is volatile, leaving even professionals questioning their investments. So, beginners are at significant risk of making the wrong investment. To help you make a better-informed investment decision, we have compiled a list of the best cryptocurrency investments for August; Uniglo (GLO), Bitcoin (BTC), Fantom (FTM), and Avalanche (AVAX). 

Go ahead and take a look!

Uniglo (GLO)

Uniglo is one of the most recent iterations of social currencies in the market. What makes its GLO token unique is the fact that its value is underpinned by an asset vault. The community votes on the types and amount of digital assets to be included in this vault to ensure optimal asset appreciation. As the assets in the vault increase in value, so will the price of GLO. Each token holder will also have a say in the investment selections of the community. 

The token already surged over 25% before Uniglo even completed the first phase of its presale. More growth can be expected from it. As such, Uniglo could be a strong addition to the investment mix of a crypto newcomer.

Assets increase in price with inflation and are the only way to preserve wealth. The Uniglo Vault stores a basket of assets, including digital, physical, and NFTs. The value of these assets directly supports the floor price of GLO and offers a great hedge due to the variety of assets held. Including stablecoins to protect against volatility, reputable tokens like BTC & ETH to benefit from steady price appreciation, and lower cap coins for growth speculation. GLO is a single token but is, in reality, a diversified portfolio built as an organic store of value. These factors make GLO one of the best cryptocurrency investments in August 2022.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Bitcoin (BTC) 

Bitcoin has been around for the longest of any cryptocurrency. It’s easy to see why it’s the leader, with a price and market cap much higher than any other crypto investment option. 

Many businesses already accept bitcoin as payment, making this cryptocurrency a smart investment. Visa, for example, transacts with bitcoin. And after a four-year cryptocurrency hiatus, Stripe will also let customers accept bitcoin payments. The larger banks have begun to incorporate Bitcoin transactions into their offerings.

While Tesla accepted Bitcoin only briefly, it might again if mining it becomes more environmentally friendly. In a step toward that end, Blockstream and Block, formerly known as Square, are launching a bitcoin mine in Texas that will be fully powered by Tesla’s solar array and Megapack battery, CNBC reported earlier.

Bitcoin also got a boost in May when Fortune reported that the Luna Foundation Guard announced it would make $1.5 billion in loans denominated by bitcoin and terra USD to stabilize the latter. The investment firm VanEck seeks to establish a bitcoin exchange-traded fund, although the Securities and Exchange Commission denied the company’s first application.

Bitcoin is and will likely remain a market leader, making it one of the best crypto investments in August 2022. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Avalanche (AVAX) 

Avalanche is a relatively new “layer one” blockchain — a blockchain that improves the base protocol to make the system more scalable, as Binance described it. 

It is a high-performance, customizable, and secure blockchain platform that builds and launches highly scalable and decentralized applications and smart digital assets. It runs on consensus protocols that can support hundreds of millions of devices to perform high transactions per second. 

Its utility token, AVAX, can be used as a unit of account for exchange and as security. Token holders can participate in the governance of the platform and earn rewards by staking for longer periods. Through its integrated system, Avalanche provides security for the privacy of its users. For these reasons, experts believe AVAX to be one of the best cryptocurrency investments in August.

AVAX began trading in 2020 in a 24-hour initial coin offering. Its price has fluctuated from a low of $9.34 to a high of $146.22 over the past year. As of now, the coin trades for $23.22.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Fantom (FTM)

Fantom (FTM) is a smart contract platform noted for, among other things, its remarkable performance and scalability. Furthermore, it uses the Lachesis consensus mechanism, which is an innovative aBFT (the highest level of security a consensus algorithm can provide) consensus mechanism. This allows it to be even faster and less expensive than more established smart contract platforms like Ethereum (ETH) while still using a proof of stake (PoS) protocol to provide high levels of security.

Fantom (FTM) has a lot of potential this year because, unlike other smart contract platforms, it gives each decentralized application (dApp) on the network its own independent blockchain. This is beneficial because it saves the Ethereum system from becoming congested with hundreds of transactions, which is a common occurrence (ETH). 

FTM might break into the top 10 cryptocurrencies in the market cap as one of the most efficient smart contract platforms, making it one of the best cryptocurrency investments in August. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Bottom Line

Cryptocurrencies are here to stay. There is no question about it. As you decide which cryptocurrency is the best investment for you, keep in mind the different aspects of cryptos, such as security, liquidity, etc. If you’re strictly looking to invest without transacting within the network, remember that cryptocurrency is not a get-rich-quick scheme. Instead, consider it a long-term investment.

We hope this list of the best cryptocurrency investments in August helps you make an informed investment decision.

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