Home Don’t Miss Out On Uniglo.io As Presale Is Heating Up Despite Luna Classic And Lido DAO Dropping
Finance News

Don’t Miss Out On Uniglo.io As Presale Is Heating Up Despite Luna Classic And Lido DAO Dropping

Ruby Layram Finance Editor Author expertise
Fact Checked
Fact Checked
Everything you read on our site is provided by expert writers who have many years of experience in the financial markets and have written for other top financial publications. Every piece of information here is fact-checked. We sometimes use affiliate links in our content, when clicking on those we might receive a commission - at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
We do our best to help you make intelligent financial decisions. Tradingplatforms.com is compensated if you access certain products or services offered by eToro USA LLC and/or eToro USA Securities Inc. and other brokerage companies. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success. This however does not affect our assessments of the brokers, their features, and their overall rating.

Investors must remain vigilant in the prevailing market conditions. The digital asset space is not free from the influence of macroeconomic factors. Hopefully, one day it will be, but currently, it remains correlated with traditional markets, and the macroeconomic situation is bleak, incredibly bleak.

Despite Jerome Powell’s best efforts, inflation continues to creep up, and looking to history for guidance shows that the last chair of the FED who managed to break inflation was Volcker in the 1980s. Volcker raised the federal funds rate to highs of 20%, which was brutal and pushed the U.S. into recession. But this recession was necessary to reignite the economy. Investors must understand that the current federal funds rate is only 2.5%, and if Powell seriously wants to tackle inflation, things will get far worse before they get better.

It leaves investors stuck; assets will continue to bleed as the FED raises rates, and fiat continues to lose its value due to inflation. Uniglo (GLO), a new DeFi protocol, has been designed specifically to tackle this problem and has seen a steady rally in the past month. As demand floods the presale, its price will continue to soar. This store of value is a much-needed addition to the space and is driving its price appreciation compared to Luna Classic (LUNC) and Lido DAO (LDO), which both continue to fall.

Uniglo (GLO)

Uniglo is best understood as a bear-proof protocol, and it is a project that has seen increasing capital allocation. The native token GLO is value-backed by the assets stored in the Uniglo Vault, and this vault holds digital and physical assets. Through this diversification, it becomes resistant to further market decline. The Vault further shields itself by investing in assets such as fine art typically unaffected by general market performance.

But most crucially, Uniglo’s whitepaper outlines a mechanic titled Ultra Burn. This sees 2% of every transaction burnt, and this aggressive deflation guarantees constant upwards price pressure on GLO. In an era of inflation, GLO’s hyper-deflationary nature is an essential tool for investors to preserve and grow their wealth.

Luna Classic (LUNC)

South Korea has issued an arrest warrant for Do Kwon, and Luna Classic’s price will continue to decline. The recent rally of LUNC shows that the markets still have lots of room to move downwards; this reckless speculation on a token that has already collapsed will burn plenty of investors. And highlights the insanity of the current markets.

Lido DAO (LDO)

LDO has formed a bearish technical formation known as a descending triangle, suggesting bullish exhaustion following the Ethereum Merge. LDO rallied hard with all the media attention devoted to the Ethereum Merge, but now that the event has passed, investor interest will steadily decline, and this token is ready to drop to new lows.

On top of the bearish formation pattern, many also expect a buy the rumor sell the news situation to play out. This bearish sentiment puts increasing downwards pressure on LDO, which is already struggling.

Closing Thoughts

Investors can gamble with their funds, or they can follow solid value propositions. Neither option is objectively better than the other, for, in the free market, investors are free to make their own decisions. But a word of caution, investors who want to generate returns should always follow value propositions and ignore the noise.

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

Question & Answers (0)

Have a question? Our panel of experts will answer your queries. Post your Question

Leave a Reply

Write a Review

Your email address will not be published. Required fields are marked *

Ruby Layram Finance Editor

Ruby Layram Finance Editor

Ruby is a Finance Editor who has 5 years of experience in the finance and cryptocurrency space. Ruby attended the University of Winchester where she received a BSc in Psychology. During her studies, Ruby developed an interest in financial psychology and began writing content around the topic on a freelance basis.  Whilst she was studying for her degree, Ruby spent time learning about personal finance, investing and trading. She has written content for The Motley Fool UK, Bankless Times and Cryptonary where she also worked as an editor. Her interest in cryptocurrency came about after writing a piece for The Motley Fool about the rise of CBDCs. Since then, Ruby has actively invested in the crypto market with a focus on long-term investing.  Ruby is also an experienced trader with good analytical skills. She has used a used a variety of platforms and tools to trade and has first-hand experience with many of the platforms that are featured on the Trading Platforms website.