Place/Date: - September 19th, 2022 at 12:30 pm UTC · 3 min read
You can boost your wealth in 2023 by investing in the appropriate cryptocurrency projects. While the crypto market is still in a generally bearish mood where prices of many digital currencies are dipping into the red zone, now is also an ideal time to buy tokens that are projected to surge in the next bull run. And based on market watchers’ analysis, the new distributed project based on Ethereum – Uniglo (GLO) – is a key investment that should not be missed.
The Uniglo project features a digital asset vault that will be directly managed by a decentralized autonomous organization (DAO). This vault will contain various assets that will back the price of the platform’s native token, GLO. As part of the DAO, each token holder will have a right to vote on what assets to purchase (include in the vault) and sell (remove from the vault in exchange for profit).
Uniglo is a strong investment option because it offers fractionalized asset ownership to token holders. The project intends to accumulate generally four kinds of assets: digital currencies, rare non-fungible tokens, digitized gold, and other digitalized tangible collectables.
Analysts say that Uniglo is a key addition to investment portfolios that could rival the benefits offered by Ethereum Classic (ETC) and Fantom (FTM).
Ethereum Classic is an open-source smart contracts platform that functions very similarly to Ethereum. However, the former is a modified and older version of the latter. Ethereum Classic is said to be a combination of Ethereum technology and Bitcoin philosophy, and it places importance on censorship and verification. While Ethereum has moved on to a Proof of Stake methodology, Ethereum Classic is sticking with Proof of Work.
The Fantom blockchain is known as one of the most highly scalable platforms for distributed applications and decentralized finance (DeFi). It is a layer 1 solution that has been in the market since 2018, existing to provide the market with a more affordable platform for fast and secure transactions. Its token FTM is one of the most traded currencies in the market because it has multiple uses in governance, liquid staking, and rewards generation.
Becoming wealthy in 2023 is possible if you know which key investments to make. As a new project that is just about to be launched, the Uniglo project could especially augment your wealth. GLO is still preselling, selling at a relatively discounted price. However, the token’s price is expected to skyrocket by the last quarter of the year.
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