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In recent years, two prevalent cryptocurrencies have taken the world by storm. Shiba Inu (SHIB) and Dogecoin (DOGE) have both seen explosive growth, with prices soaring to new heights. However, for some investors, these dizzying gains have been a case of too little, too late. After missing out on the initial boom, many feel FOMO (fear of missing out) and scramble to get in on the action.
Fortunately, there’s still time to get in on the action with Uniglo (GLO), another promising cryptocurrency that’s currently on the rise. This article will examine why Uniglo is worth paying attention to and how you can get started investing.
Uniglo (GLO)
In the realm of cryptocurrency investing, initial coin offers (ICOs) like Uniglo give an ideal investment opportunity for investors of all levels of experience. The novelty of Uniglo is its asset-backing method. The protocol builds a digital vault in which many popular and rare cryptocurrencies, NFTs, collectibles, and rare-world goods will reside in comfort. Pax Gold, digitized gold, is regarded as one of the vault’s most intriguing assets.
Pax Gold is an ERC-20 stablecoin backed by gold, where one PAXG is equal to one troy ounce of gold housed in a Brinks Security vault in London. Due to this connection, PAXG holders control the redeemable underlying asset. Being backed by the world’s finest safe-haven gold, GLO investors can rest easy knowing that their investments have a strong potential for growth.
Another key element of GLO’s rising potential is its ultra-burn mechanism, which will burn 2% of each GLO token buy or sell transaction.
Is It Late To Invest In Shiba Inu (SHIB) And Dogecoin (DOGE)?
What began as a joke soon snowballed into a full-fledged digital currency, with a market capitalization of over billions of US dollars. Though Both Shiba Inu (SHIB) and Dogecoin (DOGE) were developed from internet memes, the success these assets saw initially left many well-established large-cap cryptos jealous. However, the hype gradually ended, and Elon Musk’s promoted coins have since followed unfavorable patterns.
The price of these assets is purely based on speculation and not backed by anything. Moreover, both projects are highly inflationary, with large and, in Dogecoin’s case, ever-growing supply.
SHIB and DOGE had reached thousands-fold all-time-highs, but they are unlikely to repeat the action anytime soon, and the reason is the projects’ poor tokenomics, which may trigger a collapse in the future.
Conclusion
Unlike joke-based cryptos, Uniglo holds the realistic potential to succeed in both the short and long terms, and as the project is just heating up, it’s an ideal time to join the active and expanding GLO community.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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