The post Uniglo (GLO), Stellar (XLM) And Bitcoin (BTC) Trade Volumes Are Persistent And Could End Bullish By Late October appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Not much of the crypto space has been bullish recently, with the bear season in full force. But some tokens are arguably gearing themselves up for bullish turns sometime soon, according to market analysts. It’s also important to point out that the actual bear run hasn’t been as bad as many predicted it would be. With global recession on its way, when many cryptos dipped a couple of months ago, some were predicting huge losses. When BTC broke down to move past previous support levels of $20k, some onlookers believed the bottom could be much lower.
Confidence was being lost, and people predicted lows in the hundreds for BTC. Remarkably, these losses didn’t happen. Many tokens, including BTC, managed to halt losses and consolidate. This actually showed true strength considering how bad the wider economy was doing. It shows strength that has led to investments increasing and could lead to a bull run just around the corner. When that bull run comes in, there could be a ton of money to be made on all sorts of cryptos, especially the ones with the best future prospects. Let’s have a look at a few options that could go bullish in October and beyond, making you great gains for your portfolio:
Uniglo has a ton of great features that include a fully diversified asset-backed store of value in the GLO vault alongside a completely deflationary model thanks to radical dual-burn mechanics. Both of these sit alongside a community-driven approach that listens to and rewards investors, and could make it one of the next big things in the crypto space.
Stellar is an incredibly user-friendly crypto transaction app that solves key issues in the market and could be the future of digital payments. It also makes it easy to send all sorts of fiat currencies alongside cryptos, so has key benefits when taking digital payments further into the mainstream. As mainstream acceptance of crypto improves, XLM is perfectly placed to be a huge part of it.
Trade volumes are increasing with BTC because many think it might have turned a corner. After consolidating losses and resisting further dips around the $20k point, Bitcoin has arguably shown strength to recover back to all-time highs. Some experts are still extremely bullish on the long-term future of BTC, with a $1million coin predicted at some point. While this might be some way off, or might never happen, even a return to previously proven prices and its old all-time high could do great things for your investments.
GLO, XLM and BTC all show great potential for the next bull run. It could be starting soon, so you need to highly consider adding them to your portfolio.
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