Uniglo’s (GLO) Stunning Performance Shocks Cronos (CRO) And Elrond (EGLD) Ecosystems

Written by: 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]

    Sep 16, 2022


    Investors need to buckle up and get ready. The markets are beginning to display classic symbols of a massive reversal. But unfortunately, very few investors will be able to take advantage. When bearish sentiment descends on the market, investors consistently believe in lower lows and always miss the reversal. Timing the bottom is the same as timing the top; impossible. In late 2018 when Bitcoin dropped to $3,000, many investors called for $1,500 and missed the buying opportunity of a lifetime. Imagine buying BTC at $3,000.

    The current market offers the exact same opportunities! A new Ethereum-based social currency is already rallying despite the bear market and is expected to tear through the rankings with the market reversal. Uniglo (GLO) and its store of value have drawn vast amounts of capital, and this rapid appreciation has shocked Cronos (CRO) and Elrond (EGLD) holders.

    Uniglo (GLO)

    Uniglo’s rally comes primarily from its ability to store value over extended periods. With two core features of the protocol providing value to investors. Both these measures are funded via buy and sell taxes, and these tokenomics allow Uniglo to deliver a novel and improved store of value.

    A portion of every trade is used to accumulate assets in the Uniglo Vault. GLO exposes investors to various market segments by holding both digital and physical assets. But, critically, by accumulating these assets in the bear market, the valuation of the vault itself will soar during the bull market. GLO is value-backed, and as the Vault appreciates, the floor price of GLO also increases. And the second mechanism is the principle of scarcity, a part of each trade will be automatically burnt, meaning Uniglo’s total supply will constantly decrease, and laws of supply and demand dictate as supply dwindles, price increases. 

    Cronos (CRO) has been more successful than most centralised exchanges in driving mass adoption and onboarding ordinary people to become crypto investors and enthusiasts. In part thanks to a heavy marketing campaign and lucrative incentives, but primarily due to the UI experience, which makes investing in crypto straightforward.

    CRO is the utility token and entitles investors to multiple benefits within the ecosystem when staked. However, with these incentives disappearing/ being reduced due to the bear market, many investors are searching for an alternative investment vehicle, and this has driven CRO holders to participate in the Uniglo presale.

    Elrond (EGLD)

    Elrond is a sleeping giant. By introducing sharding, this layer one blockchain protocol achieves a throughput north of 15,000 transactions per second with incredibly low latency and transaction fees at fractions of a cent.

    But it is the Elrond ecosystem that makes it a crypto gem. Maiar is the native wallet application, the Maiar exchange is the economic engine, and this ecosystem continues to expand. Elrond is an enormous technology platform that blends FinTech with decentralised finance to provide an all-in-one global payments system. 

    Find Out More Here

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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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