PRESS RELEASE Multi Million Token Burn Likely to Cause DOGE and SHIB-like Returns in 2023

Author: Coinpedia

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Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Investors worldwide have become familiar with inflation in recent months. Fiat’s value has declined due to central banks printing it in excess. The inverse remains true when the supply drops. 

    A new announcement from the team that a multi-million token burn will occur has this emergent DeFi protocol ready to enter a parabolic rally like SHIB and DOGE once did.

    Uniglo provides a store of value over extended periods. The protocol exposes investors to a unique mixture of digital assets to capture and retain purchasing power. Buy and sell taxes fund asset acquisitions and the Uniglo vault holds a collection of small caps for growth speculation, large caps for long-term price appreciation, stablecoins to hedge against volatility, and high-end physical goods tokenized in NFT format. 

    The vault houses NFTs representing real estate and fine art, which have proven excellent stores of value over long periods, less affected by market performance. This diversification perfectly blends growth speculation and wealth preservation, and Business2Community has already listed Uniglo as one of the best crypto investments of 2022. Now with the addition of this enormous token burn, Uniglo looks ready to take it up a gear and begin a parabolic tear moving into 2023. 


    A fork of Litecoin in 2013 birthed Dogecoin. This token was relatively unknown and regarded as a joke within the crypto community until it started powering through the ranks in 2021. DOGE’s runaway success showed that investors had an appetite for meme tokens: an appetite that has never truly disappeared. However, the bear market has seen DOGE shed most of its value due to hype and speculation driving its price. 


    SHIB broke records for being the best-performing asset in history. Throughout 2021 SHIB made astounding gains of more than 46,000,000% and turned many investors into multi-millionaires. Speculation, hype, and tweets from Elon Musk drove this rally, but since SHIB has retraced harshly. SHIB has lost nearly 90% of its value since its ATH (All-Time High), and technical analysis points to further downside. 

    Closing Thoughts 

    Regarding DOGE and SHIB, the expression, ‘Lightning never strikes the same place twice,’ appears accurate. These tokens have already enjoyed their mania phases and are unlikely to make a repeat performance. Uniglo, on the other hand, is just getting started.

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    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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