Search Inside Bitcoins

As Uniglo.io Price Surges Again, Avalanche And Fantom Investors Feel The Pain

Join Our Telegram channel to stay up to date on breaking news coverage

A famous saying amongst investors: ‘Don’t fight the FED.’ In layman’s terms, it means investors should align their investment strategy with the current policy of the Federal Reserve. If the FED undertakes quantitative easing and prints money, they inject liquidity directly into the economy, resulting in assets flourishing.

On the other hand, if the FED engages in quantitative tightening, they draw liquidity out of the economy, and asset prices suffer. But one token, Uniglo.io (GLO), takes no notice of the FED and has pumped again on the back of its value proposition. This is while established projects like Avalanche (AVAX) and Fantom (FTM) feel the pain of the bear market.

Uniglo.io (GLO)

Uniglo is an incredibly unique project and one that defies market rationale. But in many senses, the prevailing market conditions have allowed it to flourish. Uniglo provides a store of value. This Ethereum-based social currency employs asset ownership and a deflationary token model to create GLO, a token that steadily appreciates with time.

GLO’s tokenomics feature buy and sell taxes, and this revenue stream directly benefits holders. A portion is used to purchase assets stored in the Uniglo vault making GLO value-backed. And a part is burnt, ensuring a constantly dwindling supply of GLO. This protocol introduces a diversified portfolio, backed by sound economic principles, as a single token in the heart of a bear market and, as a result, continues to pump.

Avalanche (AVAX)

Ava Labs launched Avalanche in September 2020. Avalanche played a central role in the scramble between alternative layer one chains attempting to displace Ethereum. Despite having great success at the outset and attracting lots of liquidity within DeFi, this higher-risk asset has suffered badly in the bear market. AVAX has retraced close to 90% from its ATH (All-Time High). And this trend seems to be entrenched, with no sign of a reversal soon.

Fantom (FTM)

The Fantom Foundation conceived the idea of the Fantom blockchain in 2018, and the mainnet went live in 2019. Fantom was another chain seeking to usurp Ethereum’s dominance, and in the early stages of 2022, the network began to eclipse Ethereum in terms of daily transactions. Fantom’s ecosystem grew at a lightning pace and became a hotbed for talented developers. However, FTM remained highly volatile throughout this period, and with its volatility and high-risk classification, FTM is another asset that has suffered heavily throughout the bear market.

Closing Thoughts 

Investors must understand the macroeconomic environment. A token that provides diversification and a viable store of value in the current market represents a golden opportunity, and that is why investors continue to flock towards Uniglo.

Find Out More Here:

Join Presale: https://presale.uniglo.io/register

Website: https://uniglo.io

 

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

X

Can This New Token Presale 100x?

Can This New Token Presale 100x?

Can This New Token Presale 100x?

X