Rare Crypto Uniglo (GLO) Could Spike Another 30% Within A Month. Ethereum (ETH) And Fantom (FTM) Whales Are Joining In
The same thing happens in every single bear market. Investors flock to protocols built on solid foundations instead of hype-driven inflationary tokens. A new Ethereum-based social currency, Uniglo (GLO), designed to store and grow wealth over an extended period, has already risen by 30% this month and looks set to continue this trajectory.
This price action has not gone unnoticed, neither has the protocol’s whitepaper, and Ethereum (ETH) and Fantom (FTM) whales have started buying aggressively.
Uniglo (GLO)
Uniglo is the first value-backed token in DeFi. The protocol leverages buy and sell taxes to introduce two value creation mechanics for investors. The first is the Uniglo Vault which acquires assets to give GLO tangible backing. By holding digital and physical assets, this diversified portfolio hedges against volatility whilst taking advantage of broad growth across various markets.
The second is the revolutionary Ultra Burn Mechanic. A portion of every trade of GLO is automatically sent to a burning wallet with an unknown private key. Introducing this mechanic makes GLO a hyper-deflationary token, and constant downward pressure on its total supply means constant upward pressure on its price.
Ethereum (ETH)
Ethereum is the first programmable blockchain that introduced decentralized financial services to the world. Currently undergoing the Merge, crypto investors and ETH holders are witnessing history.
ETH 2.0 will change the face of the cryptocurrency forever, and this new highly scalable blockchain will have a theoretical throughput of 100,000 transactions per second compared to its current average of 13 transactions per second. This event will fashion the Ethereum network into an infrastructure capable of rivaling TradFi institutions in raw processing power.
Fantom (FTM)
Fantom is an ultra-scalable layer one blockchain with a heavy focus on DeFi applications. Home to one of the most vibrant ecosystems within crypto, developers have been working overtime during the bear market, and when the market reversal arrives, Fantom will explode. With hundreds of protocols all calling the Opera mainnet home, FTM, the native token, represents a true sleeping giant waiting to awaken.
By employing a DAG (directed acyclic graph) instead of a blockchain, Fantom validates transactions concurrently, making transaction finality faster than other layer ones. With cheaper transaction fees, it has drawn DeFi enthusiasts from other chains, and Fantom is waiting for a risk-on macroeconomic environment before going parabolic.
Closure
ETH whales invest in long-term projects, the closest thing to value investors within the crypto space. And FTM whales have seen so many protocols in their ecosystem that their ability to spot promising protocols is better than most, solely due to their experience. Both these groups targeting Uniglo is a massively bullish signal, and investors should heed this on-chain data.
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
The post Rare Crypto Uniglo (GLO) Could Spike Another 30% Within A Month. Ethereum (ETH) And Fantom (FTM) Whales Are Joining In appeared first on Analytics Insight.
The same thing happens in every single bear market. Investors flock to protocols built on solid foundations instead of hype-driven inflationary tokens. A new Ethereum-based social currency, Uniglo (GLO), designed to store and grow wealth over an extended period, has already risen by 30% this month and looks set to continue this trajectory.
This price action has not gone unnoticed, neither has the protocol’s whitepaper, and Ethereum (ETH) and Fantom (FTM) whales have started buying aggressively.
Uniglo (GLO)
Uniglo is the first value-backed token in DeFi. The protocol leverages buy and sell taxes to introduce two value creation mechanics for investors. The first is the Uniglo Vault which acquires assets to give GLO tangible backing. By holding digital and physical assets, this diversified portfolio hedges against volatility whilst taking advantage of broad growth across various markets.
The second is the revolutionary Ultra Burn Mechanic. A portion of every trade of GLO is automatically sent to a burning wallet with an unknown private key. Introducing this mechanic makes GLO a hyper-deflationary token, and constant downward pressure on its total supply means constant upward pressure on its price.
Ethereum (ETH)
Ethereum is the first programmable blockchain that introduced decentralized financial services to the world. Currently undergoing the Merge, crypto investors and ETH holders are witnessing history.
ETH 2.0 will change the face of the cryptocurrency forever, and this new highly scalable blockchain will have a theoretical throughput of 100,000 transactions per second compared to its current average of 13 transactions per second. This event will fashion the Ethereum network into an infrastructure capable of rivaling TradFi institutions in raw processing power.
Fantom (FTM)
Fantom is an ultra-scalable layer one blockchain with a heavy focus on DeFi applications. Home to one of the most vibrant ecosystems within crypto, developers have been working overtime during the bear market, and when the market reversal arrives, Fantom will explode. With hundreds of protocols all calling the Opera mainnet home, FTM, the native token, represents a true sleeping giant waiting to awaken.
By employing a DAG (directed acyclic graph) instead of a blockchain, Fantom validates transactions concurrently, making transaction finality faster than other layer ones. With cheaper transaction fees, it has drawn DeFi enthusiasts from other chains, and Fantom is waiting for a risk-on macroeconomic environment before going parabolic.
Closure
ETH whales invest in long-term projects, the closest thing to value investors within the crypto space. And FTM whales have seen so many protocols in their ecosystem that their ability to spot promising protocols is better than most, solely due to their experience. Both these groups targeting Uniglo is a massively bullish signal, and investors should heed this on-chain data.
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
The post Rare Crypto Uniglo (GLO) Could Spike Another 30% Within A Month. Ethereum (ETH) And Fantom (FTM) Whales Are Joining In appeared first on Analytics Insight.
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