The bear market is in full swing, shaking out any remaining weak hands. Investors are naturally gravitating toward more secure projects with bear-resistant features, and one such protocol, Uniglo (GLO), has seen a 45% increase in price, putting its performance ahead of market leaders Bitcoin (BTC) and Ethereum (ETH).

Crypto investors are becoming more risk averse as lower lows form, and with no end in sight, protocols offering a store of value are seeing new waves of attention and investment.

Uniglo (GLO)

Uniglo is a social currency based on the Ethereum blockchain. Its whitepaper outlines the project as a third option for investors. It cites the recent market volatility making digital assets a poor store of value and the crippling decline in the real value of fiat in the current inflationary period. 

This protocol implements scarcity and value-backing to provide investors with a safe haven to preserve and grow their wealth. Uniglo utilizes the same technique used by the ultra-wealthy to protect capital for generations- asset ownership. By storing a broad and diverse collection of assets in the Uniglo Vault, this protocol and its native token are exposed to multiple markets, smoothing out market declines and improving long-term performance. On top of this, a portion of every transaction is automatically burnt, making GLO DeFi’s first hyper-deflationary token.

Bitcoin (BTC)Bitcoin’s price action is worrying many newer investors. But more seasoned investors know that Bitcoin is following its four-year cycle and have been waiting for this accumulation period. Whales are deploying capital and for investors with a long-term horizon buying Bitcoin for under $20,000 represents an excellent investment.

It must be noted that Bitcoin has yet to experience a recession, and with worsening macroeconomic conditions, it may find a low that many investors never expected. Ethereum (ETH)Ethereum has seen a recent uptick in trading volume and price as many investors try to participate in the PoW (Proof of Work) snapshots. By holding native ETH in a non-custodial wallet, these investors will be eligible for these new tokens. Investors should remain cautious. These new PoW tokens are primarily driven by the interest of ETH miners who now own useless machinery.

With the merge coming soon, many investors are preparing for a retracement which is typical following immense media hype. And many will be using this opportunity to buy up ETH.

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 

Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

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