Ethereum (ETH) Whale's July Picks: Uniglo (GLO), Hex (HEX), and Chainlink (LINK)

Investors have been having a terrible first half of the year. With the Terra-Luna crash that wiped out  $40 billion from the crypto industry, coin holders have been busy scraping whatever is left at the bottom of the market’s profit barrel.

But have we really reached the bottom? Does that mean the market is ready to pick up again?

Unfortunately, according to analysts, there is no definitive sign yet that the skies are clearing. But we spoke to an Ethereum (ETH) whale who said that, at least for July, there are three cryptos that investors need to explore – Uniglo (GLO), Hex (HEX), and Chainlink (LINK).

Uniglo (GLO)

New to the industry, Uniglo is a community-based project that introduces an asset vault. The project will grow a treasury that will work in tandem with the buy-and-sell of various assets. The treasury will deal with digital cryptocurrencies as well as digitized real-world assets such as high-end watches, gold, and fine wine.

By investing in tangible assets, Uniglo’s GLO token will not be as severely affected by the price volatility of digital currencies. The purpose of this strategy is, of course, to avoid the same effect the bear market has had on the rest of the cryptocurrency market.

Hex (HEX)

Investors also need to explore investment opportunities with Hex this month. Hex is the first certificate of deposit (CD) in blockchain technology. This platform has been very good to its early investors and stakers – so far, HEX staking offers a 38% return per year.

The price of the HEX token could reach $1 within the second quarter of 2023. As of this writing, HEX is trading at $0.03 – if you purchase the token today, you might earn significantly by the following year.

Chainlink (LINK)

Lastly, the ETH whale we spoke to identified Chainlink as a notable investment space for July. Chainlink is a widely used oracle network built on Ethereum.

Analysts identify the LINK token as one of the most bullish assets for the third quarter of 2022. This prediction is owing to Chainlink’s compatibility with all of the major blockchains and its vast functions, which span Web3 applications, decentralized applications, and decentralized autonomous organizations (DAOs). Google also recently identified Chainlink as one of their official Cloud Partners.

Final takeaway

For the rest of 2022, we will see a deluge of attempts at recouping investment losses. With the three cryptos above, investors can at least establish solid footing first before bringing their portfolio to better heights.

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