If you’re looking for a new cryptocurrency to invest in, you may want to consider Uniglo (GLO). Though it’s relatively new, it has the potential to be successful as Shiba Inu (SHIB) and Safemoon (SFM) in the early time. Uniglo was created to be a more user-friendly, hyper-deflationary token with volatility-resistant powers than its predecessors.
Uniglo (GLO) Potential
GLO has several features that make it an attractive investment opportunity.
Uniglo (GLO) offers unique burn mechanisms that eliminate tokens with each transaction and gradually purchase back coins to burn even more. It is thus entirely deflationary and should eventually become increasingly rare. An ingenious GLO vault, which maintains a variety of assets as a complete store of wealth and supports GLO’s floor price, is another eye-catching feature of GLO.
Uniglo’s supply is relatively low compared to other investments. Only 218.75 million GLO tokens are available for the Uniglo project, and just 175 million will be made accessible during the presale. Low supply, which burning tools will further reduce, will likely make GLO more scarce over time and cause tremendous growth when the demand increases.
Uniglo has already risen by 45%, and the project hasn’t yet begun, while even market leaders BTC and ETH are struggling. The GLO price, now $0.0145, might increase again on October 15th, as the remaining tokens will be burned before the last presale round starts.
Shiba Inu’s (SHIB) And Safemoon’s (SFM) Old Shine
Shiba Inu (SHIB) has always been the second most popular meme-based cryptocurrency in the crypto sphere. It was intended to serve as a DOGE killer, and over time, SHIB’s popularity exploded, breeding a number of new crypto billionaires.
Shiba Inu remained the most-traded cryptocurrency on Coinbase in October 2021, almost tripling Bitcoin’s volume.
Shiba Inu (SHIB) has endured adversity, yet its burning activity has almost increased by ten times. Shibburn, the official Shiba Inu (SHIB) burning webpage, has revealed these statistics. In the last twenty-four hours, the SHIB burn rate has surged by 888%, consuming $68M worth of Shiba Inu (SHIB) tokens.
SafeMoon (SFM) is a DeFi token with four general functions: Reflection, LP Acquisition, Token Burn, and Growth Fund.
Safemoon (SFM) was formed in March 2021, but you probably first heard about it in April 2021, when its value skyrocketed exponentially.
By the 21st of April, $1 invested in Safemoon on March 9 would have climbed to $233.25. Meanwhile, a one hundred pound investment would have yielded $23,325. Even by crypto standards, this value growth over the month and a half could sound absolutely absurd.
SafeMoon (SFM) created a frenzy of interest as soon as it became accessible, with community support being its primary selling feature.
Thus, even if SFM’s surge eventually ceased, the significant early performance of the project made some investors wealthy.
Bottom Line
The more investors learn about Uniglo, the more parallels they see with the earlier performances of Shiba Inu and Safemoon. Attractive ideas, an optimally crafted roadmap, and security privileges induce FOMO (Fear of Missing Out) among investors, resulting in a large rush to GLO. Uniglo DAO’s presale stages remain active through November 15, and given Uniglo’s surprise price changes, now may be the optimal moment to participate.
Learn More About Uniglo:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
Telegram: https://t.me/GloFoundation
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
This news is republished from another source. You can check the original article here
