The bear market has placed the volatility of cryptocurrency in a bad light. But we believe that investors can still make gains with the right crypto gems.
Uniglo (GLO) is one such crypto. This platform is still about to enter the market but has been making waves among prospective investors because of its unique burning mechanism that shows potential for price gains that could reach up to 50 times.
Uniglo is a digital asset vault that aims to grow the value of its token, GLO, over a long time. This vault embodies scarcity and exploits the deflationary mechanism in a way that could later multiply the price of GLO by 50 times. Early adopters could, therefore, receive significant rewards in the long run. Uniglo adopts an Ultra Burn Mechanism for 2% of the token involved in every buy-and-sell scenario.
The Uniglo Vault consists of various assets such as digitized tangible assets, digital currencies, and rare NFTs. With the appreciation of these assets, the ecosystem can generate profits from them. The selection of the assets is also key to the vault’s success. Rather than relying purely on cryptocurrency, Uniglo will invest in a mixture of cryptos and traditional tangible assets to achieve real diversification.
Solana is one of the fastest blockchains in the world. However, since the big crypto crash in May, the token of Solana, SOL, has fallen victim to crypto’s volatility. Traders have been debating whether it is time to sell their SOL, as the price of this token had recently decreased by 87% from its all-time high.
In addition, Solana became the subject of a recent class action, which accused it of selling unregistered securities tokens. The lawsuit revolves around the issue of supposedly operating as centralized security, with few people illegally profiting at the expense of other token holders. This legal action could incite a sell-off of SOL and negatively affect its price.
Avalanche supports enterprise use and the development of decentralized applications. Being the fastest blockchain in terms of time-to-finality, Avalanche is one of the most popular platforms in the world. However, its token, AVAX, has not been able to fend off the bearish pull of today’s market. The token price may have increased since May, but this has been happening slowly. The price has yet to reach the $21 horizontal resistance. As of this writing, AVAX is trading at $19.62.
The bottom line
While the most known coins have fallen victim to volatility, few other cryptos have remained steadfast. Investing in the proper tokens during a bear market could generate long-term wealth. As Uniglo is just starting its presale phase, investors can bet early on this upcoming asset-backed crypto.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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Read More:Rare Bear Market Gem Uniglo (GLO) Could Outperform Crypto such as Solana (SOL) and