In times of economic downturns or so-called “bear markets,” most of the future wealth is generated. Smart money is just waiting for the moment to spread the seeds that later grow into huge, ripe bags full of cash. Several indicators are signaling that this time has come now. According to several analysts, we are currently seeing an increasing amount of buy volume in major cryptocurrencies, which can only be classified as accumulative. We have spoken to most analysts and will review the most promising ones for you.
Uniglo – The Hot Newcomer
Uniglo, with its native token GLO, is currently in its ICO stage and will launch on the 19th of November on the Ethereum Network (ERC-20). While the presale is filling fast, it is noteworthy that the Decentralized Autonomous Organization, or short DAO that Uniglo intends to develop, has some pretty unique features:
- GLO exposes every holder to an array of diversified assets through the Vault, which backs the native token.
- These assets protect the value of the protocol and mitigate potential downside in volatile market situations.
- Any trading profits the Vault uses to buy back and burn GLO.
In combination with trading fees, this will fuel the Ultra-Burn feature and raise the value even in challenging markets.
Ethereum Classic (ETC) is the result of a hard fork caused by a hack on the original Ethereum (ETH) network and the decision to reverse the blockchain, which split the network in two. With Ethereum’s current move from Proof-of-Work to Proof-of-Stake, Ethereum Classic regained importance, seeing an influx of miners from the big brother. Nevertheless, Ethereum Classic’s biggest issue persists: scalability, as it can only handle 15 transactions per second.
Binance Coin (BNB) is issued by Binance, the biggest exchange by volume and importance. Like Uniglo (GLO), it purchases and burns tokens every quarter, resulting in a steady appreciation of value. BNB is one of the major cryptocurrencies after it was initially only created to discount trading fees on the Binance Exchange.
Synthetix (SNX) offers the possibility to issue and trade synthesized versions of commodities like gold or silver and crypto – and fiat currencies. It exposes users, similarly to the GLO Vault, to a wide assortment of assets in a decentralized and permissionless way, even though their nature is centralized.
Warren Buffet famously said, “Be fearful when others are greedy, and greedy when others are fearful.” While this statement has proven the test of time, DeFi projects like Uniglo (GLO) are actively investing to back the value of its token GLO – and so should you. Invest before it’s too late.
Learn More Here
Join Presale: https://presale.uniglo.io/register
Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
- BINANCE (BNB) AND APTOS (APT) WHALES TURN THEIR ATTENTION TO SNOWFALL PROTOCOL AS PRICE EXPLODES 500% - November 29, 2022 8:00 am EST
- 3 Bear Market Crypto Gems Likely To x10 During Next Bull Run: Theta Network (THETA), BudBlockz (BLUNT), and ApeCoin (APE) - November 29, 2022 7:59 am EST
- New Tokens To Fight The Bear Market: Orbeon Protocol (ORBN), Big Eyes (BIG), Tora Inu (TORA) - November 29, 2022 7:30 am EST