FOMO – fear of missing out. This is one of the key motivators for retail investors when buying a cryptocurrency. They see the price going up and they don’t want to miss out, so they ape in only to see the price fall. On the opposite end, we have FUD – fear, uncertainty, and doubt. FUD makes investors quick to sell or hesitant to buy an asset as it’s dropping in price. These two emotional responses contradict the main tenet of investing — buy low and sell high.
Here are two cryptocurrencies that are near their bottoms and one that’s brand new that are worthy of FOMOing in now while their price is low.
Uniglo (GLO) — diversification made simple
Uniglo is the new kid on the block. However, this new kid is becoming quite popular. Currently, GLO is in ICO mode. This token isn’t just a cryptocurrency. It’s more like an ETF. As the platform matures, GLO will be backed by an ever-growing treasury of digital assets. All you have to do to get exposure to a diverse portfolio is buy and hold the GLO token — simple. This simplicity could make GLO the first DeFi token to see mass adoption which would send it to the moon.
Uniglo is a DAO. That means that all holders of the token get to vote on which assets are purchased, when to take profits, and how much of those profits to use to buy back and burn GLO tokens. Investments will include cryptocurrencies, NFTs, and tokenized assets like gold and expensive collectibles that are out of reach of the average investor.
Which leads to another point. Not only is the GLO treasury eternally growing (due to a buy and sell tax that funds the treasury), the circulating supply of the token is also eternally falling making this a coveted deflationary token. In addition to using profits to burn tokens, 2% of all aftermarket sales of GLO is burned. Together, this dual-layer burn mechanism is designed to keep the price of the token either stable or going up. This makes GLO the ideal long-term play. You buy and you hold forever to build life-changing generational wealth for you and your family.
You can get in on the GLO private presale at the Uniglo.io website for the low, low price of $0.013. That price will be going up before launch as all unsold tokens will be burned prior to going public.
Fantom (FTM) — a blockchain built for DeFi
Fantom is a layer-1 blockchain built for DeFi. Fantom, like most altcoins, is just now coming out of the oversold zone. It’s currently hovering around 37 cents. Although it’s likely to drop below the 30 RSI one more time before climbing to new heights, the potential downside of about 33% is a drop in the bucket compared to the potential upside of 300% to 800%. While Fantom is young, it’s best to swing trade this one as it’s going to be volatile in the short term. If one were to invest a modest amount of money into FTM now, they could see some nice gains over the next 6 months. And if the price falls before then, they could buy a bit more and see even nicer gains when the price lurches back into overbought territory.
Polygon (MATIC) — the leading Ethereum layer-2 chain
Polygon is a layer-2 blockchain that is faster and cheaper to use than Ethereum. Transactions on the network are gathered and then ported back to the Ethereum network which is more decentralized. MATIC has been on fire recently and has tripled in price in the past couple of months. However, it could still easily double before the end of the year as Ethereum switches over the proof-of-stake mining. Over the long run, Polygon is expected to keep pace with Ethereum making it a good long-term investment. Currently hovering just under $1, several analysts are predicting that it could pull another 10X over the next five years.
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
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
Source: https://cryptodaily.co.uk/2022/08/three-astounding-cryptos-you-may-regret-skipping-uniglo-glo-fantom-ftm-and-polygon-matic