Price For Uniglo.io Gains +55% As Shiba Inu And Dogecoin Are In The Red

Cryptocurrencies continue to outperform traditional markets. Admittedly they are more volatile, but this is exactly what makes them more profitable and why they continue to attract the youngest and brightest minds.

Digital assets represent the next leap forwards in monetary systems, and soon, fiat will be a relic of the past. Many crypto investors underestimate how early they are and how profitable investments made now will be in the next bull market. But not all assets are created equally, and Uniglo (GLO) continues to outperform whilst Shiba Inu (SHIB) and Dogecoin (DOGE) remain solidly red.

Uniglo (GLO)

Uniglo has recently seen its price rally by 55% so far, resulting from money flowing into the protocol. By delivering a viable store of value in a bear market, Uniglo has captured an increasing market share. Uniglo implements buy and sell taxes creating value mechanisms for investors.

Asset acquisition is the first, and Uniglo exposes investors to a unique multi-asset blend to hedge against volatility and provide long-term appreciation. The Uniglo Vault holds digital assets and NFTs representing tokenized high-end physical goods such as fine art typically unaffected by market behavior. The second is its highly aggressive burning strategy. GLO’s total supply constantly declines with every transaction. Further guaranteeing an appreciating valuation.

Shiba Inu (SHIB)

The notorious dogecoin killer. SHIB made headlines throughout 2021, going on an absolutely outrageous rally. However, investors must be wary. This token has already exploded, and the early gains have been made. The likelihood that SHIB will rally again is minuscule. Instead of chasing the past, investors should look for the next token to explode in value.

Dogecoin (DOGE)

DOGE is another prime example of a token that made a blistering rally throughout 2021 and another token where the early gains have been made. Driven by hype primarily, DOGE will struggle to see any real price appreciation until the next bull market. By then, a newer meme coin will likely be favored drawing liquidity away from DOGE. Investors should be careful, and time is better spent looking for the next token, as opposed to hoping for a miracle twice.

Conclusion

The bear market makes value propositions more important, and the focus of developers has subtly switched from value capture to value creation. Projects providing tangible utility will be the best performers of this crypto winter, and investors should consider this before entering positions.

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

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.