Investors are shying away from Ethereum Classic and Avalanche in favor of Uniglo due to the volatility of the former two coins. ETC has been on a roller coaster ride in recent months, with prices fluctuating wildly. AVAX has also been volatile, but to a lesser extent. Uniglo, on the other hand, has been much more stable, making it a more attractive option for investors.
In addition, investors are flocking to Uniglo over the two coins due to the increased volatility in the market. Uniglo combats volatility with its dual burn mechanism and secured vault. The token has been one of the best-performing assets in the market, with a return of over 45% in the past month. Ethereum Classic and Avalanche, on the other hand, have been lagging behind.
What is Uniglo (GLO)?
Uniglo is a new entrant in the decentralized finance field, introducing the most recent iteration of social currencies. Its native token GLO is supported by a diverse portfolio of assets, including digital currencies and digitized tangible collectibles such as fine wine, art, and high-end watches.
This ‘asset vault’ serves two purposes: first, the assets support the GLO token’s price movement, and second, the asset mix drives the desire for participation in the Uniglo community. The initiative was created to capitalize on long-term wealth accumulation potential while simultaneously profiting from speculative growth.
The Uniglo project will begin its Phase 3 Presale on September 15 and will go public on October 18. With the rate at which the price of its GLO token is rising, Uniglo could easily become one of the market’s top-performing cryptocurrencies and remain so in the long run.
Minimizing volatility
Uniglo also employs an incredible dual-burn mechanism to diminish supplies over time. The protocol even buys back unsold tokens to burn, preserving scarcity and providing significant returns to early investors. Those who invest now during pre-sale gain even greater benefits, especially if it moves to mainstream exchanges.
Learn 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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Source: https://coinpedia.org/press-release/investors-favor-uniglo-io-glo-over-ethereum-classic-avalanche-due-to-volatility/