Investors who have remained in the crypto space throughout this bear market have toughened up and acclimatised to market volatility. But the most recent shock has seen many investors wanting to diversify their investments.
Uniglo (GLO), a new Ethereum-based currency, is attracting both investors from Dogecoin (DOGE) and Stepn (GMT). They want to bolster their portfolio and make it more secure in the current turbulent conditions.
Uniglo (GLO)
Uniglo developers have created a new currency that holds value and grows with time. They have successfully designed a bear-proof token by employing scarcity principles and value-backing. The tokenomics include buy and sell taxes; a portion of each transaction is automatically burnt, making GLO a hyper-deflationary token with a constantly reducing supply; and a portion is used to fund purchases of various assets. The assets stored in the Uniglo Vault include digital, physical, and NFTs.
By reintroducing value-backing, the team has given GLO an intrinsic floor price and created an asset that mixes growth speculation with wealth preservation. Owning assets is the best way to store wealth in the modern era, where inflation has destroyed the purchasing power of fiat. Asset ownership represents investors’ only hope to keep their wealth and increase it.
Dogecoin (DOGE)
Dogecoin is a token many investors like to hate, but what can not be criticised is its track record of price appreciation and its endurance. Initially launched in 2013, Dogecoin has a longer history than the majority of digital assets and became famous after a parabolic rally throughout the first half of 2021.
The recent actions of Billy Markus, Dogecoin’s co-founder, have rallied investors behind the project and massively increased investor sentiment. He declined an offer worth millions of dollars to promote Dogechain, a layer two scaling solution unrelated to Dogecoin but piggybacking on its success. This display of integrity further proves to investors he wants a flourishing community and has long-term faith in the project.
Stepn (GMT)
Stepn is a look into the future of Web3 integration with the physical world. This play-to-earn game based on the Solana blockchain financially encourages users to stay fit, allowing them to earn by running. Players purchase an NFT pair of sneakers, then whenever they run, earn GMT.
Recently Stepn confirmed a collaboration with Asics, and the pair launched a limited edition NFT sneaker collection drawing huge media attention and new investors to the project.
Closing Thoughts
The bear market is creating more mature investors focused on long-term growth. The digital asset space has changed massively since the last bear market, and now investors have more options than ever to navigate it. Gone are the days when investors simply swapped altcoins into Bitcoin and waited for the worst to be over. Investors can now actively fight against the bear market. Uniglo’s scarcity and value backing make it a highly attractive opportunity for investors who want to diversify and protect their wealth throughout these unstable times.
Find Out More Here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Sponsored
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.
