The first half of 2022 saw an unprecedented fall in crypto prices. Many good altcoins such as Avalanch (AVAX) and Polygon (MATIC) lost more than 90% of their value. Of course, they didn’t lose 90% overnight. It came in a series of resistance and support levels. Investors would think, “okay, this is the bottom” and buy in. And it would fall to the next support level. It took six months.
When it comes to crypto, these price support levels are all in our collective heads. There’s no real revenue to share. Nonetheless, perception becomes reality. And just like we didn’t fall 90% overnight, we’re not going to gain that all back overnight. The market is going to hit a series of psychological resistance levels that will hold prices back. As a result, bear markets often take a couple of years or more to work themselves out.
Here’s a trick you can use to take advantage of both bear markets and bull markets in crypto: Buy ICOs rather than buying assets like AVAX and MATIC. While those two assets will be battling resistance levels, new projects with no psychological resistance levels will be in price discovery mode right through the coming bull market and right up to the next bear market.
The next trick is to be able to pick those projects that might see mass adoption. That’s because the value of a network is based on the number of users, not some expectation of future profits.
One such project that we feel has a shot at mainstream adoption is called Uniglo. Uniglo is hosting an initial coin offering for its GLO token. The private presale runs right up until mid-October when the platform launches or until the allotted tokens sell out — whichever comes first.
Unlike most crypto networks, Uniglo actually does offer expectations of future profits. However, the profits come from investing funds in a community treasury and those profits are retained by the treasury. What good is that? Well, this means that the GLO token will be backed by a massively diversified treasury of digital assets which will be constantly growing. While the treasury will start small, at some point it will exceed the market cap of the token. At that point, it will be easy to determine the actual value of the token and estimate its future value.
The two most important features of GLO tokenomics are that the treasury is always growing and the circulating supply of GLO is always falling. The reason for this is that everyone who buys or sells GLO pays a 5% royalty to the treasury. So no matter whether we’re in a bull or bear market, money is constantly flowing in and never flowing out. Also, 2% of all aftermarket sales of GLO is automatically burned reducing the supply. The more volatile the market, and the more volume in trade, the faster the treasury grows and the faster the supply falls. Ingenious.
You can get in on the ICO and learn more about this project at Uniglo.io. Be sure to get there before the supply sells out. If this project sees mass adoption, even a small investment today could be a big nest egg in the coming years and decades.
Learn more here
Join Presale: https://presale.uniglo.io/register
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Source: The Print