Uniglo.io (GLO) 45% Price Increase Surpasses Bitcoin (BTC) And Ethereum (ETH) Price Actions Over The Last Month – CryptoMode.com

The bear market is in full swing shaking out any remaining weak hands. Investors naturally gravitate toward safer projects with bear-resistant characteristics, and one of those protocols, Uniglo (GLO), has seen its price surge 45%, putting its performance ahead of market leaders Bitcoin (BTC) and Ethereum (ETH).

Crypto investors are becoming more risk-averse as lower lows form, and with no end in sight, protocols that offer stores of value are seeing new waves of attention and investment.

Uniglo (GLO)

uniglo is a social currency based on the Ethereum blockchain. The white paper outlines the project as a third option for investors. It cites recent market volatility making digital assets a poor store of value and the crippling decline in fiat’s real value in the current inflationary bout.

This protocol implements scarcity and capital preservation to provide investors with a safe haven to preserve and grow their wealth. Uniglo uses the same technique used by the ultra-rich to protect capital for generations – ownership of assets. By storing a broad and diverse collection of assets in the Uniglo Vault, this protocol and its native token are exposed to multiple markets, smoothing out market declines and improving long-term performance. Additionally, a portion of each transaction is automatically burned, making GLO DeFi the first hyper-deflationary token.

Bitcoin (BTC)

Bitcoin’s price action is worrying many newer investors. But more experienced investors know that Bitcoin follows its four-year cycle and have been waiting for this period of accumulation. Whales are staking capital, and for investors with a long-term horizon, buying Bitcoin for under $20,000 is a great investment.

It must be noted that Bitcoin has yet to experience a recession, and with deteriorating macroeconomic conditions, it could find a bottom that many investors never anticipated.

Ethereum (ETH)

Ethereum has seen a surge in trading volume and price lately as many investors seek to participate in PoW (Proof of Work) snapshots. By holding native ETH in a non-custodial wallet, these investors are eligible for these new tokens. Investors should remain cautious. These new PoW tokens are primarily driven by interest from ETH miners who now own useless machines.

With the merger looming, many investors are preparing for a retracement typical after a huge media frenzy. And many will take this opportunity to buy up ETH.

Learn more here

Participate in the pre-sale: https://presale.uniglo.io/register

Website: https://uniglo.io

Telegram: https://t.me/GloFoundation

Discord: https://discord.gg/a38KRnjQvW

Twitter: https://twitter.com/GloFoundation1

Always conduct proper research when dealing with currency and token presales. The above information does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the site or its employees.

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