Place/Date: - July 15th, 2022 at 5:55 pm UTC · 3 min read
Holding on to your money and staying liquid is a smart move for most investors during a bear market. Nowadays, making large purchases appears to be an option available only to those with extra cash. However, for people with relatively higher risk tolerance, there is an opportunity to start building wealth even during these dreary economic times. By researching cryptos such as Uniglo (GLO), Trust Wallet (TWT), and Biswap (BSW), you may find the right investment fit that will enable you to build your savings or let you buy real estate or even a new Range Rover.
Uniglo is a community-based social currency that aims to control scarcity through a specialized Ultra Burn Mechanism. This mechanism is designed to preserve the value of its token over a long time. Early adopters can expect the price of the Uniglo token, GLO, to always be on a rise regardless of the state of the market.
The Uniglo protocol also acts as a multi-asset treasury that invests in a range of assets to help hedge against bear markets. By underpinning its currency on a mix of digital and tangible assets, including real-world properties, the protocol aims to counter the volatility of high-growth cryptocurrencies.
With its hyper-deflationary token approach and its multi-asset vault, the price of Uniglo’s token could offer tremendous price gains for anyone who invests in this protocol early.
Trust Wallet is a well-known cryptocurrency wallet software. As a one-stop shop for the safe exploration of different cryptos, Trust Wallet has made a name among investors for the ease and convenience it offers.
Its coin, TWT, experienced a price dip in May but was able to increase by 60% by the end of June. Analysts also have big expectations as to the growth of its token price. Currently, TWT is trading at $0.77. Experts predict the price to increase to as much as $1.17 after one year and further project it to reach $3.89 in five years. In a decade, a TWT token purchased today could be trading at $25.18, offering strong potential for price gains that could help build your wealth.
Biswap is said to be the first decentralized exchange on the BNB Chain with a multi-type referral system. It is also known for requiring the lowest exchange fee in the DeFi sphere. Launched only recently in 2021, Biswap has received strong support from Binance. While it is affected by the bearish pull of the market, it nonetheless has had a tremendous growth performance during its first year of existence. It notably achieved an all-time high price three times during the last year, which indicates its potential for price recovery and further growth. Despite talks of recession, Biswap also had an impressive growth in April 2022 that equated to a 350% price increase for its token, BSW.
Buying new assets and properties is not impossible if you have a smart approach to hedging against a bear market. By identifying those assets that have a long-term view on growth and price gains, you can start building your wealth today to fund any major purchases in the following months and years.
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