Cryptocurrencies are gaining popularity as an investment option since they offer advantages over traditional stocks and other investment vehicles. They hold much more potential for more significant gains, are less regulated than stocks, making them a more speculative investment, and are largely digital, meaning they can be bought and sold online without needing a broker.
A newborn Ethereum-based crypto Uniglo (GLO) has been hitting the headlines recently, promising 15x gains. Uniglo, alongside Nexo (NEXO) and Cosmos (ATOM), can potentially be a highly profitable addition to your portfolio. What should you know about these projects?
Uniglo (GLO)
With over 19,000 crypto projects available on the market, offering investors something new and unique that they have not seen before is challenging. However, newcomer Uniglo (GLO) thinks the other way. The project aims to deliver hyper-deflationary social currency with fully decentralized governance (DAO) that will store special NFTs, large and small-cap cryptocurrencies, stablecoins and digitized gold in the digital vault.
The primary objective of multi-asset backing is to sustain the GLO floor price and ensure its steady increase. The appreciation of assets will directly benefit Uniglo DAO members and facilitate the acquisition of other assets for the vault.
Meanwhile, Uniglo plans to operate an ultra-burn mechanic that will gradually reduce the supply of GLO tokens and make them more scarce. The burning strategy will ultimately lead to increased prices and higher returns for holders.
The fact that Uniglo has already gained 45% during its presale phases reflects that its plans are working and will continue to do so in the future.
Nexo (NEXO)
NEXO is the Nexo ecosystem’s utility token. It grants holders access to reduced borrowing rates and increased earning rates on the platform. Nexo provides on-ramps and off-ramps for fiat to crypto and vice versa and loans in fiat against collateralized cryptos. This implies that investors may get cash in an emergency or for leveraged trading without having to liquidate their digital assets.
The price of NEXO has seen several considerable changes during the previous few weeks. Before trying a reversal during the consolidation period, the coin formed a declining trend. On the other hand, Nexo’s clean layout and user-friendliness ensure that it will continue to expand and likely attract many new consumers.
Cosmos (ATOM)
ATOM is the native coin of the Cosmos Hub, the first blockchain deployed in the Cosmos ecosystem. Cosmos is a network of sovereign blockchains, not a layer-1 or layer-2 blockchain. Essentially, it intends to be the link between all app chains. The project aims to simplify blockchain technology for developers and improve communication across blockchain networks.
Bottom Line
Investors desperately seek solid and stable profit opportunities when the volatility has scared the market. With a beautifully crafted whitepaper and detailed follow-up to the roadmap, Uniglo (GLO) enters the industry as a game-changer.
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
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