The value of cryptocurrencies has been plummeting recently. Ethereum's price has fallen by double digits, and Polygon (MATIC), a layer-1 blockchain network token, has also declined significantly. Analysts, however, believe that ETH and MATIC will recover somewhat over the next two weeks, as investors will use the current downturn to buy.
This new turn of events is encouraging for Uniglo.io (GLO), an Ethereum-based social currency launched on the 19th of November. Uniglo, which is well-known for its mega burn events, is a promising cryptocurrency that stands to benefit greatly from Ethereum's imminent rise.
Uniglo is one of the latest crypto players expected to post momentous growth before the year ends. The project is set to have a higher demand for its GLO tokens through the Ultra Burn Mechanism. Presale contributors are particularly going to benefit from this burn in big ways.
To sustain the consistent price increase of GLO, Uniglo also secures the value of its native token through a digital assets vault that houses a good mix of crypto and digitized real-world assets.
With this, GLO holders, who are likewise part of the larger decentralized autonomous organization (DAO), can be more confident not to experience tragic losses in the next few years. Further, the Uniglo tokenomics allot 80% of its profit to its ICO investors and the rest of the GLO public. Jim Crypto explains this further here.
Ethereum has the second-highest market cap among all cryptocurrencies. Anyone can use this platform because it is open-source, scalable, programmable, secure, and decentralized. Competition from similar products has increased, but that has not stopped Ethereum from attracting users and programmers. There is also a lot of room for improvement and development. Investors who purchase GLO now may profit from the continued growth of both Uniglo and Ethereum, as the latter serves as the protocol's underlying foundation.
Polygon is the first well-organized and user-friendly platform for implementing Ethereum's scalability and supporting infrastructure. Polygon SDK's foundation is a modular, adaptable framework that allows for creating a wide variety of applications. Using Polygon, Ethereum is effectively converted into a fully functional multi-chain system (Internet of Blockchains). The advantages of Ethereum's security, thriving ecosystem, and transparency are applied to a multi-chain system similar to Polkadot, Cosmos, Avalanche, and others.
The value of cryptocurrencies such as ETH and MATIC can fluctuate erratically and come with a high level of risk. According to experts, investors should look at the potential of a cryptocurrency project over the long term (five to ten years) rather than focus on its short-term performance, which makes GLO an ideal investment. Apart from its secure treasury vault, it will have a massive token burn event following its launch, causing the token's value to skyrocket.
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.