Source : coinspeaker.com
Place/Date: – August 4th, 2022 at 9:21 am UTC · 3 min read
As the crypto industry continues to grow, so do the opportunities for investors. One such opportunity that has caught the eye of many experts is the Uniglo.io (GLO) presale in August. With Bitcoin (BTC) and Ethereum (ETH) bound to turn bullish, now is the time to get involved in this promising project.
Uniglo.io’s (GLO) Presale
Uniglo is now undergoing its initial pre-sale phase with all the fundamental ideas required to play a significant role in developing cryptocurrencies and addressing problems in the broader financial sector and the crypto sphere. Let’s examine the reasons why.
Glo solves several significant issues with the fiat and cryptocurrency worlds. These issues include asset-backing, scarcity, and inflation. GLO is genuinely deflationary, and many investors are in severe need of this when your fiat money is losing value due to inflation.
The first community-driven, completely asset-backed cryptocurrency initiative is Uniglo. It features a vault that is completely backed by tangible assets, like cryptocurrencies, NFTs, collectibles, and even physical goods like gold itself are among the assets. This offers genuine stability and a value resistant to over-speculation boom and collapse cycles.
The moment to purchase GLO may be ideal right now for all of these and more reasons. Additionally, it is discounted during pre-sale, providing the ideal chance to purchase a coin before it achieves a major success in the larger crypto sphere.
Bitcoin (BTC) and Ethereum (ETH) Bound to Turn Bullish
A lot of cryptocurrency investors are searching for the upcoming digital asset phenomenon. Bitcoin (BTC) and Ethereum (ETH), the two most valuable currencies by market capitalization, have been undervalued for a while. BTC has fallen from a record high of $64,000 to about $20,000 so far this year, while ETH has fallen from a high of $4,700 to its current price of $1,400. Both cryptocurrencies will eventually turn bullish despite their recent bearish trend. Why?
Most Regulations Are Immune to BTC and ETH
Cryptocurrencies have been considered a concern by governments all around the globe since they were first created. The majority of laws, nevertheless, have thus far been ineffectual at slowing their expansion. For instance, China, one of the nations most supportive of cryptocurrencies, has outlawed ICOs and ordered exchanges to close. However, since trading activity merely migrated to other platforms like OTC desks and peer-to-peer exchanges, the values of BTC and ETH were unaffected by these crackdowns. It’s reasonable to state that BTC and ETH resist selloffs brought on by regulatory changes.
More Money Is Being Invested in Bitcoin and Ethereum by Institutional Investors
Numerous institutional investors entered the bitcoin market in 2018. Tim Draper and Bridgewater Associates LP are two examples of venture capitalists who are beginning to pay attention to digital assets in conventional finance. The price of BTC and ETH will rise significantly if these major players begin purchasing them in large quantities.
Many altcoins are now benefiting from favorable market circumstances, and the number of people using Bitcoin continues to increase worldwide. The overall market‘s positive trends have already been reflected in Uniglo’s successful start, experiencing price growth of 25%.
Institutional investors are beginning to increase their investments in cryptocurrency funds. In general, this indicates that there is a revived interest, which can result in a larger rise in prices for GLO in the short future.
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