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Investors have endured a brutal ten months. Each low has been replaced by a lower low and mass capitulation has shattered market sentiment. The good news, however, is that market cycles are natural and highly profitable for investors who understand them. Judging by Bitcoin’s performance so far, the macro bottom will form in the fourth quarter. After that, the only price action will be positive.
Investors who can make tough decisions now will benefit massively in the future. October is shaping up to be a highly bullish period for Uniglo (GLO), Bitcoin (BTC), and Cardano (ADA). Investors who buy the lows will thank themselves going forward; Remember that bull markets make people money and bear markets change people’s lives.
Uniglo (GLO)
Uniglo is a new form of social currency designed to preserve purchasing power. By holding a broad selection of digital, physical and NFT assets in the Uniglo Vault, GLO maintains an intrinsic floor price and rises as asset valuations increase. The Uniglo Vault is actively managed and assets that have appreciated significantly in value are sold, profits reinvested and a portion used to buy back and burn GLO tokens from the open market.
This isn’t Uniglo’s only deflationary mechanism involving buying and selling taxes; 2% of each transaction is burned. With overall supply rapidly declining, this hyper-deflationary token has been designed to appreciate in value and offer a true store of wealth through asset ownership.
Bitcoin (BTC)
The oldest and largest digital asset. Bitcoin has a funny habit of making people feel silly discussing its price action in retrospect. Numerous sources have put bitcoin’s fair value at around $40,000, and anything below that is an excellent buying opportunity.
Bitcoin will go into six figures and maybe beyond a day. Going forward, buying at $20,000 versus $24,000 becomes a rounding error. Bitcoin is a brilliant store of wealth with inflation mechanics built in. It should be in every crypto investor’s portfolio and was the first digital asset to rise in value over a long period of time.
Cardano (ADA)
The Cardano network is about to launch the Vasil hard fork, a major overhaul of the network’s scalability and described as the largest upgrade since the Alonzo hard fork that introduced smart contracts to the network.
Since the Alonzo upgrade, thousands of developers have deployed DApps (decentralized applications) on the Cardano mainnet and the ecosystem has exploded. If history is any indicator, ADA price rallied prior to the Alonzo upgrade and is likely to repeat this behavior, making ADA an excellent buy for October.
Learn more here
Join the 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
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